The ecommerce company just announced its partnership with Office Depot The shares of Alibaba Group Holding Ltd (NYSE:BABA) are extending their rally today -- up 0.9% at $185.46, at last check -- in the wake of BABA's partnership with Office Depot (ODP). The two companies plan to launch a co-branded website specializing in online sales to small- and medium-sized U.S. businesses. The Chinese e-comm...Read More

Aluminium's three-month price on the London Metal Exchange was down by more than 2% at the close of trading on Monday March 4, with the broad strength in the US dollar deterring commodity investment.Volumes in both aluminium and copper futures were high over the day's trading, with more than 22,000 lots traded in both by the close. While open interest in aluminium has fallen by over 48,000 positio...Read More

The tech sector is also weighing heavyU.S. stocks were higher out of the gate, amid optimism overU.S.-China trade talks. However, the major market indexes have reversed early gains, falling as investors digest the latest economic data, including the Commerce Department's report that construction spending unexpectedly slid 0.6% in December. As such, the Dow Jones Industrial Average (DJI) is down tr...Read More

URBN just ran up to a trendline with historically bearish implicationsUrban Outfitters, Inc. (NASDAQ:URBN) is ready to step into the earnings confessional, set for its fourth-quarter report after the market closes this Tuesday, March 5. Ahead of the event, URBN is trading near a trendline that has historically bearish implications.More specifically, Urban Outfitters stock closed Friday within str...Read More

Barclays cut BBBY to "underweight" from "equal weight"Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock is in the red today, after Barclays downgraded the retailer to "underweight" from "equal weight." The analyst also trimmed its price target to $13 from $15, and cut its earnings-per-share estimates for this year and next. The brokerage firm said it has been "increasingly disappointed" with Bed Bath & B...Read More

The ammonium paratungstate (APT) and ferro-tungsten prices continued to climb last week in China and Europe amid tightening prompt availability and renewed domestic demand in China. Concentrate price up on tight supply APT moves up in Europe on low prompt inventories; Chinese market up on renewed buying Ferro-tungsten prices in both China and Europe continue uptrend In China, Fastmarkets assessed...Read More

The index just wrapped up a 10th straight weekly gainWe recently analyzed Dow performance after lengthy weekly win streaks, but what about the Nasdaq Composite (IXIC)? The tech-rich Nasdaq just wrapped up its longest weekly win streak this side of the millennium. Below is how the index has performed after similar feats of strength, and what we might expect for Nasdaq stocks this spring and beyond....Read More

(Corrects asset manager name to Kingswood from Kingwood inparagraph 7) * Graphic: World FX rates in 2019* S&P futures indicate higher open on Wall Street * WSJ reports Trump-Xi trade summit likely this month * Dollar hits one-week high, specs increase long dollar bets * Greek government bond yields hit 12-year low on ratingsboostBy Ritvik CarvalhoLONDON, March 4 (Reuters) - Global shares rose...Read More

The equity has skyrocketed 66% out of the gate todayThe shares of Ascendis Pharma (NASDAQ:ASND) are up 66% at $114.96 this morning, after the company's pediatric growth-hormone drug, TransCon, succeeded in meeting the main goal of a late-stage trial. The win has ASND trading at record highs, and pacing for its best day ever.Prior to today's rally, the stock was up 10.6% year-to-date, and was strug...Read More

Here are five Fastmarkets MB stories you might have missed on Monday March 4 that are worth another look.The Indonesia Commodities & Derivatives Exchange (ICDX) has ended the suspension of key smelter inspector PT Surveyor Indonesia in connection with the launch of its new physical tin contract, which is set to transfer tin exports to bonded warehouses for the first time in the exchange's his...Read More

ODP has added 74% since its late-December bottomOffice Depot Inc (NASDAQ:ODP) is up 1.7% to trade at $3.62, and earlier tapped a new annual high of $3.82, after the office supply retailer announced a partnership with Chinese e-commerce giant Alibaba (BABA). The two will co-launch a website focused on helping small- and medium-sized U.S. businesses.Office Depot stock is set to close at its highest...Read More

The biotech ETF finally conquered its 200-day moving average last weekThe technical breakout last week in the SPDR S&P Biotech ETF (XBI) was remarkable, by any number of measures. After a 3% opening gap to start Monday's session, the small-cap biotech-focused exchange-traded fund (ETF) went on to close above its 200-day moving average for the first time since Oct. 3, 2018. And then, to drive home...Read More

The shares are higher today on a positive drug developmentThe shares of Clovis Oncology Inc (NASDAQ:CLVS) are up 1.3% in electronic trading, on news the pharmaceutical firm's ovarian cancer treatment, rucaparib, is now available in Germany for women with relapsed ovarian cancer. CLVS also plans to launch the drug in other European countries later this year and in 2020.It's already been a blowout s...Read More

Amazon has been consolidating on the charts so far this calendar year, but analysts see more upside aheadShares of e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) are moving higher in pre-market trading,up 0.9% at $1,686.10, after Evercore ISI hiked its price target on the FAANG stock to $1,965 from $1,800. The brokerage cited gross profit as a "more important indicator" than revenue growth, not...Read More

Tesla will unveil its new SUV on March 14Dow Jones Industrial Average (DJI) futures are pointed confidently higher this morning, thanks to more optimistic U.S.-China trade headlines. More specifically, a Wall Street Journal report on Sunday indicated that trade negotiations between the two countries were in their final stages, and a deal could be signed by the end of the month. The report also su...Read More

This formidable S&P price point may have just flipped the supply-demand equation back in the bears' favor"...the SPX's 2,800 level is on the radar of many chartists as a potential resistance area -- a level that is now very much in view. This is an important level, as it is a round number and the site of the past highs as I mentioned last week. But if indeed a short-term top or a hesitation in the...Read More

Ahead of Fastmarkets' Battery Materials 2019 conference in Shanghai, Fastmarkets looks at use of lithium in next-generation vehicles and other battery uses, as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material. In June 2016, the spot price in China peaked at $27 per kg, more than three times the global contract price, ac...Read More

StrengthsThe best performing metal this week was palladium, up 2.81 percent with continued price strength. Gold traders were split between bullish, bearish and neutral on the yellow metal this week as prices struggled to recover and posted a monthly loss for February. Lawmakers in Romania are drafting legislation aiming to repatriate the country's gold stored in the United Kingdom. The bill is t...Read More

"A generation from now, Americans may marvel at the complacency that assumed the dollar's dominance would never end." Floyd Norris, chief financial correspondent, New York Times, 2/2/2007 "Capitalism without bankruptcy is like Christianity without hell." Frank Borman, NASA Astronaut Gemini 7, CDR Apollo, CEO Eastern Airlines, April 1986 "The generally accepted view is that markets are always r...Read More

By: Keith WeinerWe have written numerous articles about capital consumption. Our monetary system has a falling interest rate, which causes both capital churn and conversion of one party's wealth into another's income. It also has too-low interest, which encourages borrowing to consume (which, as everyone knows, adds to Gross Domestic Product GDP).What Is CapitalAt the same time, of course entre...Read More