Tag: basic materials

Californian man, 79, sentenced to 4 years for charging small businesses and charities hugely inflated prices for printer toner

It was the worst kind of paper jam. A 79-year-old toner salesman was sentenced to four years in prison for running a decades-long, multi-million dollar...

European stocks push back toward record highs; aluminum producers surge after coup

European stocks jumped out of the gates on Monday, tracking gains out of Asia as investors took the view that weaker-than-expected U.S. jobs data last...

Why iron-ore prices are on track to suffer their largest monthly loss on record

Iron-ore prices touched record highs this year, but look to suffer their biggest monthly loss ever as China’s curbs on carbon emissions include limits on...

In the employer struggle to find workers, there may be a $12 billion fintech opportunity

A growing interest among younger workers to access their pay more quickly could create a $12 billion market for payroll providers and earned-wage upstarts that...

A Gold Mine Takeover Highlights Increasing Mining-Sector Risk

Canada’s Centerra Gold Inc. invested more than $3 billion over nearly three decades to turn a remote gold prospect in Kyrgyzstan into a prosperous gold...

U.S. stocks fall Friday, book weekly losses amid delta variant concerns and weakness in Amazon results

U.S. stock indexes closed lower Friday, posting a weekly loss to close out the month, with renewed concerns about a rise of cases of the...

Gold struggles to hold above $1,800 as traders look ahead to Fed meeting

Gold futures wavered between small gains and losses on Monday holding around the key $1,800 mark, finding some support as the U.S. dollar softened, as...

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like...

Gold heads for highest finish in nearly a month as Powell says inflation will moderate

Gold futures headed toward their highest finish in nearly a month on Wednesday, with prices up for a second session. Softness in the U.S. dollar...

Here’s your chance to buy bank stocks before rising interest rates boost profits

Shares of the largest U.S. banks have staged a recovery following the stock market’s pandemic low point last year. But they have lagged behind the...

Gold logs back-to-back gains to start July, second half of 2021

Gold futures finished higher Thursday, supported by opportunistic buying and an unwind of short bets overnight, amid a rise in the dollar to a three-month...

Infrastructure and the stock market — here’s what the $1 trillion deal means

Maybe it really is infrastructure week. Stock-market investors applauded Thursday, pushing the Dow Jones Industrial Average DJIA, +0.95% sharply higher and scoring another round of...

Gold prices finish higher after sharpest weekly skid in over a year

Gold futures ended higher Monday, with the precious metal scoring a partial rebound from its steepest weekly decline since March 2020. Bullion’s gains came as...

The new cruise ship rulebook: What to know about booking a trip, getting on board, and other changes

You may have been able to hear the champagne corks pop and cheers resound on June 5 as the Celebrity Millennium cruise ship weighed anchor...

U.K. unemployment rate drops again, as British stocks open at highest level since February 2020

The U.K. unemployment rate fell to 4.7% in the February to April period, government data showed, marking the fourth straight month of declines after the...

Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What’s going on?

Benchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers. The 30-year fixed-rate...

How tech companies are bringing workers back to the office: Slowly and with ‘social’ incentives

As they return to work, employees of website platform Contentful Inc. are getting an eyeful of their new offices in Berlin and Denver and a...

Dow books 3rd day of losses, S&P 500 retreats from record as stocks lose ground ahead of inflation update

U.S. stock benchmarks finished lower, losing steam in the session’s final half-hour, ahead of an eagerly awaited inflation report due Thursday, which could set the...

This is one of the safest and most effective sunscreens — and it’s under $10 a bottle

MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through...

Bitcoin Mining Operation Is Uncovered During U.K. Drug Bust

British police got a shock when they raided a suspected illegal cannabis farm this week: Instead of halogen lamps and weed, they found about 100...

U.S. Will Provide Covid-19 Vaccines to 550,000 South Korean Troops Engaged With U.S. Forces

President Biden said Friday the U.S. will provide Covid-19 vaccines to 550,000 South Korean troops working in close contact with American forces in the region....

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,...

Home prices surge 12% in February, the biggest jump since 2006 — a $35,000 gain for median-priced homes

The number: The cost to purchase a home rose by a record amount, according to two major barometers of house prices in the U.S. The...

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...

Opinion: For its critics, Amazon can never do enough

Perhaps no company has permeated the lives of Americans more than Amazon has. Whether it’s household staples, an intelligent doorbell, cloud applications, Whole Foods —...