To The Moon

Cleveland-Cliffs, Nucor hike steel prices, target $1,000/ton for HRC Cleveland-Cliffs $Cliffs Natural Resources(CLF)$ said it is raising spot market base prices for all carbon hot rolled, cold rolled and coated steel products by $100/short ton, effective immediately with all new orders, and setting a minimum base price of $1,000/st for hot rolled steel. Cleveland-Cliffs' (CLF) move followed competitor Nucor $Nucor(NUE)$ , which had increased its flat rolled steel prices by $100/st and set a minimum $1,000/st target price for hot rolled coil products. Nucor (NUE) has raised prices by $360/st over six price hikes since late November, according to Argus. The latest price increase, if accepted by buye

Fed's Rate Debate Shifts to How, and When, to Slow Down Reuters 2022-10-22 08:57 DJIA +2.47% NASDAQ +2.31% (Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future increases. The U.S. central bank is likely to provide a signal at its Nov. 1-2 policy meeting as officials weigh what some see as growing risks to economic growth against a lack of obvious progress in lowering inflation from its pandemic-related surge. "This debate about exactly where we should go, and then become more data-dependent, is going to heat up in the last part of the year here," St. Louis Fed President James Bullard said in a Reuters interview last we

The electric vehicle sector is racing higher in early trading as investors drift back into some recently beaten-down names.Gainers include Lordstown Motors, Workhorse Group, Nikola, Canoo, Blink Charging, QuantumScapeand Nio.Positive reports on China EV sales trends and a move by the European Commission to look at banning internal combustion engine vehicles after 2035 could be helping sentiment in the sector.Teslais also tracking higher as Morgan Stanley pitched the long-term upside from the com

Powell says economy 'a ways off' from bond taper.BofA slips as low interest rates hurt lending business.July 14 - The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.Of the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.U.S. monetary policy will offer "powerful support" to the econ

(Bloomberg) -- Elon Musk said he turned down Wall Street jobs to focus on technology. “I was offered

KEY POINTS Owners have noticed that Apple AirPods eventually will last only an hour or so before ne

The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support. When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit n

The S&P 500 rose slightly on Wednesday morning after the S&P 500 ended a seven-day winning streak in

As stock markets continue setting records, fallout from COVID-19 continues to create problems for th