Tag: basic materials

Here’s the catalyst that could shift the market debate from selling the news to buying the dip

Two things are clear this earnings season. The first is that first-quarter earnings have been outstanding. According to a Credit Suisse analysis done of 85% of the S&P 500’s companies, 86% beat expectations — with the financial sector clobbering them by 34%, and the rest of the market beating them by 19%. Earnings per share […]

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An environmentally friendly diamond is forever? Around $350 will buy you Pandora’s new lab-grown jewel

Pandora, the world’s biggest jeweler, which is best known for its silver charm bracelets, said that it will stop selling mined diamonds and switch to affordable, laboratory-grown gems as part of a broader focus on sustainability. “Diamonds are not only forever, but for everyone,” said Pandora Chief Executive Alexander Lacik in a statement on Tuesday […]

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Global Q1 gold demand down 23% year on year

Global gold demand in the first quarter dropped from a year ago on the back of a more than 70% year-on-year decline in gold investments, according to a report from the World Gold Council released Thursday. Total world gold demand for the quarter was at 815.7 metric tons, down 23% compared with the first quarter […]

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‘What, do you think deer are wearing Kevlar vests?’ — Biden gets colorful in calling for gun control

President Joe Biden on Wednesday night put the image of wildlife wearing body armor into Americans’ heads, as he continued to make his arguments for gun control. He offered the following lines in his first speech before Congress: “ ‘Talk to most responsible gun owners and hunters — they’ll tell you there’s no possible justification […]

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Homeowners’ new safety net leaves many at risk

As the federal government hastily stitches together a new safety net for struggling homeowners, housing advocates fear the relief may come too late for some of those hardest hit by the pandemic. States face a deadline of this Sunday, April 25, to request a piece of the nearly $10 billion Homeowner Assistance Fund created as […]

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‘We’re still blazing the trail’: Joe Biden wants to create millions of infrastructure jobs — but will his plan help women rejoin the workforce?

In 1980 Lauren Sugerman was hired as an elevator constructor at Westinghouse Elevator Company primarily because she was a woman, she said.  Even though the company needed to hire more women to meet the requirements of a lucrative federal contract to build elevators for public housing projects, the men who interviewed her tried doing everything they […]

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Opinion: Why index funds are nuts

How much of my retirement portfolio do I really want to gamble on a high-risk, low-profit company that is already valued at over 1,000 times its most recent earnings, plus seven times the peak earnings of its entire industry, and which is controlled and run by a volatile eccentric? Probably not much, to be honest. […]

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