CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...» Read More
The stock market rally we have experienced since hitting the lows in March is over and stocks could retest those lows in the future as further problems loom for the financial sector, Chris Locke, managing director at Oystertrade.com Management, said Wednesday.
China is set to tighten its hammerlock on the market for some of the world’s most obscure but valuable minerals, says the New York Times.
Global stocks were up Tuesday with defensive sectors like health care outperforming as investors took less risk ahead of U.S. economic data. Experts tell CNBC there is still buying power left in the U.S. to buy China on the market dips.
Global stocks were lower Monday as Chinese shares sank over 6 percent to a 3-month low, sapping investor willingness to take risks. But experts tell CNBC there is long-term value in the materials and energy sectors.
Global stocks rose on Friday as confidence in a sustainable recovery grew. Experts tell CNBC to go long on recovery-focused stocks while shorting stocks which are prone to volatility because of news flow.
Global stocks were mostly lower on Thursday as upbeat economic data from the UK and Germany was offset by worse-than-expected data out of Sweden and Spain, leaving investors wary of chasing shares higher in light-volume trade. Experts tell CNBC they like financials, miners and China.
South America, which boasts a range of basic resources and agriculture, is showing signs of rebounding from the global recession. But political uncertainty continues to plague the continent.
Gold's "breaking out" to a higher level as imminent, Chris Locke, managing director at Oystertrade.com Management, told CNBC Wednesday, as other analysts have said the precious metal could shine again as inflation fears resurface.
Global stocks began the day higher, with Asian markets jumping more than 2 percent, lifting world shares to a 10-month high. Oil prices also climbed towards a 10-month peak and copper futures rose on hopes the global economic recovery is picking up steam.
Africa's investment fortunes are shifting, as the 'Dark Continent' becomes gradually less depended of its main trading partner, Europe, and attracts investor from fast-growing emerging countries.
Rio Tinto, the world's second-largest miner, reported a 54 percent drop in first-half earnings on Thursday, its biggest half-year slump on record, as aluminium prices and demand collapsed.
Rio Tinto is set to report first-half results Thursday and market watchers are predicting a sharp drop in profit for the Anglo-Australian miner.
Faced with the world’s most important oil discovery in years, the Brazilian government is seeking to step back from more than a decade of close cooperation with foreign oil companies and more directly control the extraction itself.
Global stocks rose Tuesday, clawing their way back from the previous day's lows. Experts tell CNBC that although the market is due for a slight correction, there is still value in large-cap stocks and copper.
Banks and commodities stocks, which are now stock market bellwethers, were trading higher in London Tuesday morning, as stocks reversed Monday's selloff, with investors hoping better times were ahead.
When a sell-off develops there is a surprising lack of support from investors in miner BHP Billiton.
The broader US stock market looks to break out of the higher technical pattern it has been following since March and a pullback could start very soon on the S&P 500 index, Chris Locke, managing director at Oystertrade.com said Wednesday.
After such an unprecedented rally in worldwide markets since the bottom in March, it's tough to see how much further stocks can go, Steven Mayne, head of research at Falcon Securities, said Friday.
With investors buying stocks and commodities and using the dollar as a carry trade, global stocks are just at the beginning of a significant trend higher, Chris Zwermann, global strategist at Zwermann Financial said Wednesday.
Investors want to buy the market, but they're getting "a little bit cagey about their bets," so they are moving away from the high beta stocks and moving back into defensives, Geoff Wilkinson, head of investment research at Mint Equities, said Wednesday.
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