Canada and China, two flags waving against blue sky. 3d image Aleksandra Aleshchenko | Istock | Getty Images China on Wednesday announced that it has filed an appeal with the World Trade Organization, asking the organization to rule on the recent tariffs that Canada imposed on Chinese electric vehicles and metal products. In August, Canada … Read more
U.S. Steel CEO David Burritt on Tuesday defended the company’s planned sale to Japan’s Nippon Steel, expressing confidence that the deal will be completed despite President Joe Biden’s vocal opposition. “We strongly believe the deal closes on its merits,” Burritt said in an interview on CNBC’s “Money Movers.” “It strengthens national security, it strengthens economic … Read more
A major exchange-traded fund and mutual fund manager finds the winning gold trade isn’t talked about as much as the artificial intelligence trade — but maybe it should be. VanEck CEO Jan van Eck thinks the best investment this year is “the hedge against political cycles.” To him, that means investing in gold. “It is quietly … Read more
Environmental activists calling for an international moratorium on deep-sea mining. Sopa Images | Lightrocket | Getty Images Brazilian marine scientist Leticia Carvalho will be the first-ever woman, oceanographer and person of Latin American heritage to lead the International Seabed Authority — and she says it “feels fantastic.” “I am very proud,” Carvalho told CNBC via … Read more
Demand for copper is surging. The red metal, considered a barometer for economic health, is a vital component for the construction and defense industries as well as a key component in electric cars, wind turbines and the power grid. But mining companies are having a hard time keeping up. Existing mines and projects under construction … Read more
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit … Read more
The industrial-focused names in the Club’s portfolio wrapped up a pretty solid earnings season last week, but their stocks were largely not rewarded. Shares of toolmaker Stanley Black & Decker and industrial gas giant Linde tumbled on fiscal results Thursday, so the Club added to both positions on the overblown reactions. DuPont was the exception. … Read more
Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts. Bloomberg | Bloomberg | Getty Images JAKARTA â Indonesia’s Defense Minister … Read more
Earnings season was not perfect for our industrial-focused portfolio companies, but we’re feeling pretty good about their prospects for the rest of the year. Shares of two of the five names finished Friday at all-time highs, and we belive the others show promise for patient investors. 1. Eaton Electrical power management company Eaton posted a … Read more
A truck makes its way over the Victoria Falls bridge, spanning over the Zambezi River, linking Zambia and Zimbabwe, in Livingstone, Zambia, on Sunday, May 8, 2022. Bloomberg | Bloomberg | Getty Images KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said that it has discovered a … Read more
