Tag: quarrying
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Carvana, AT&T shares rise, and other stocks on the move
[ad_1] Here are some of the most notable stock movers in Wednesday morning action. Stock gainers Shares of AT&T Inc. T, +7.84% and Verizon Communications Inc. VZ, +4.85% were each up in morning action, with AT&T ahead more than 6% and Verizon up more than 4%. AT&T said in a Tuesday court filing that it…
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‘Just 1% of the nation’s homes have changed hands this year,’ Redfin says
[ad_1] Amid mortgage rates near 7%, few homeowners in the U.S. are selling their homes. Out of every 1,000 homes in the U.S., only 14 changed hands over the first six months of this year, or 1.4%, according to data released Tuesday from real-estate brokerage Redfin RDFN, -3.83%. Before the pandemic in 2019, roughly 19…
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Opinion: As S&P 500 hits 2023 highs, it’s all systems go for stock market bulls
[ad_1] The stock market, as measured by the S&P 500 Index SPX, -0.10%, is now racing to new 2023 highs. We continue to recommend holding a “core” bullish position. There is stronger resistance at 4630 but beyond that, the next resistance area is the all-time high just above 4800. As for downside support, look to…
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Only a tenth of mortgages have an interest rate above 6% — that’s a big problem for the U.S. housing market
[ad_1] Mortgage rates are inches away from 7% — but less than a tenth of U.S. homeowners have a home loan at that rate. In fact, only 9% of all existing mortgages in the U.S. were taken out with a rate of above 6%, according to data from the Federal Housing Finance Agency, and analyzed…
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Chinese germanium makers jump after China restricts exports of chip minerals
[ad_1] Shares of Chinese germanium producers hit the daily upward limit early Tuesday on news that Beijing imposed export controls on gallium and germanium, two minerals critical to the production of semiconductors. China-listed Yunnan Lincang Xinyuan Germanium Industrial 002428, +10.00% and state-run Yunnan Chihong Zinc & Germanium 600497, +7.07% rose 10% in early trading, outperforming…
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China restricts exports of chip-making metals gallium and germanium
[ad_1] China will ban the export of gallium and germanium, two components for chips and radars, in a bid to respond to the U.S.’s curb on supplies of high-tech components to China, the Ministry of Commerce said in a statement released Monday. The ministry will impose export controls on gallium and germanium-related items in order…
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Opinion: The stock market is taking a breather after a burst of strength
[ad_1] The stock market, as measured by the S&P 500 Index SPX, +0.37%, has begun to pull back a bit. The run upward after breaking out over 4300 on June 9 was a strong move. This produced several overbought conditions, although no tradeable sell signals yet. So, the current small (so far) retreat is not…
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Grain processor Bunge to combine with Glencore-backed Viterra to create global agribusiness leader
[ad_1] Grain and oilseed processor Bunge Ltd. said Tuesday it has agreed to combine with Rotterdam-based Viterra Ltd. in a cash-and-stock deal valued at about $18 billion, including debt. Shareholders of Viterra, which is backed by Glencore PLC GLEN, +5.28%, will receive 65.6 million Bunge shares BG, +2.54% valued at $6.2 billion and about $2 billion…
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Biogen stock climbs on drug approval recommendation, Oracle shares rise ahead of earnings, and other stocks on the move
[ad_1] Here are some of the biggest movers of Monday. Stock gainers: Biogen Inc. shares BIIB, +1.31% rallied 5% following a full-day halt during the regular session as a Food and Drug Administration committee convened to vote on an approval recommendation for the biotech’s Alzheimer’s drug candidate it makes with Eisai Co. ESALF, +9.35% The…
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3D Systems enters battle for control of Stratasys with $25-per-share cash-and-stock offer
[ad_1] A previous version of this story included an incorrect company name. The company is Desktop Metal Inc. The battle for control of polymer 3-D printing company Stratasys Ltd. took yet another turn on Friday when 3D Systems Corp. entered the fray with an offer it says offers superior value to the company’s plan to…