Tag: Commodity Markets

Litecoin hoax highlights crypto market vulnerable to scams: ‘Walmart has no relationship with litecoin,’ says big box retailer

An earlier version of this article incorrectly stated John Wu’s affiliation with Ava Labs, where he is president. Ava Labs was founded by a group including Emin Gün Sirer. Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back […]

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Aluminum prices reach decade high after Guinea coup

Aluminum prices rose to their highest level in 10 years Monday after a military coup in mineral-rich Guinea threatened to snarl the lightweight metal’s supply chain. Three-month aluminum forward contracts on the London Metal Exchange rose 0.9% to $2,757 a metric ton, their highest level since early 2011. Shares of mining companies and aluminum producers […]

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Crude prices fall after Saudi Arabia cuts Asian prices

Oil prices came under renewed pressure on Monday, after Saudi Arabia cut prices for its Asian customers and demand worries lingered following last week’s weaker-than-expected U.S. jobs data. In electronic trading, West Texas intermediate crude for October delivery CLV21, -0.69% CL00, -0.69% fell 82 cents, or 1.2%, to $68.47 a barrel, after closing down 1% […]

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