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Wild Week of Trading Leaves Pockmarks Across US Equity Landscape
Yahoo Finance· 2026-02-07 14:00
That bet soured in the past week, partly because investors left few corners of the market unscathed. The main problem, though, came from a trio of labor-market data points that showed worrisome weakness in the American economy. Small caps get a disproportionately high percentage of sales at home.The year started with investors rotating from tech, where valuations had become stretched, into companies that benefit from an upswing in economic growth and falling interest rates. Chief among their targets: small ...
X @The Economist
The Economist· 2026-02-07 10:00
Mining conditions are terrible across Congo. Accidents are common https://t.co/xr3WhCun76 ...
Dow surges above 50,000 for the first time as US stocks regain mojo
The Economic Times· 2026-02-07 01:40
Market Overview - The Dow Jones Industrial Average surged above 50,000 points for the first time, closing at 50,115.67, up more than 1,200 points or 2.5 percent, reflecting a broadening market and confidence in growth stories [2][13] - The index has shown steady growth over the past two and a half years, with notable exceptions during specific political events [8][13] Company News - Amazon was the biggest loser on the Dow, falling 5.6 percent after announcing a $200 billion capital spending plan for AI capabilities in 2026, raising concerns about potential returns on such massive investments [5][13] - Other companies like Caterpillar, 3M, JPMorgan Chase, Goldman Sachs, Amgen, and Nvidia saw gains of at least four percent, indicating positive market sentiment towards their performance [5][13] - Stellantis shares plunged over 24 percent after announcing a €22 billion ($26 billion) write-down due to misjudging the shift to electric vehicles, with shares down around 80 percent over the past two years [9][13] - Rio Tinto's shares finished flat after dropping merger talks with Glencore, which would have created a $260 billion mining firm, while Glencore's stock climbed 1.5 percent [10][13] - Toyota's shares increased by two percent after raising profit and sales forecasts for the current fiscal year despite US tariffs [11][13] Investment Insights - Analysts suggest that the massive investments in AI by companies like Amazon will benefit infrastructure, banking, and other sectors, indicating a ripple effect across the market [5][6] - Confidence in earnings growth is noted, with expectations that equity investors will be rewarded, although volatility is anticipated [6][13]
First Canadian Graphite Inc. Announces Closing Financing - $2,768,100.00
Thenewswire· 2026-02-07 00:40
Core Viewpoint - First Canadian Graphite Inc. has successfully closed a private placement offering, raising gross proceeds of $2,768,100 through the sale of 9,227,000 units at $0.30 each, which was oversubscribed by $168,100 [1][2] Financing Details - The proceeds from the financing will be allocated for general working capital and an exploration and drill program on the Berkwood Graphite Project in northern Quebec [2] - Each unit consists of one common share and one-half warrant, with each whole warrant allowing the purchase of one common share at $0.50 for two years [1] Insider Participation - Three insiders subscribed for a total of 270,000 units, which qualifies as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3] - A new insider position was created through the participation of an investor who subscribed for 750,000 units [3] Finder Fees - A finder fee of $38,802.02 in cash and 125,440 finder warrants, exercisable at $0.50 for two years, will be paid/issued [4] Regulatory Approval - The company will seek approval from the TSX Venture Exchange to close the financing and issue the securities, which will be subject to a hold period of four months plus one day from the issuance date [5] Company Background - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a focus on the Berkwood graphite resource in Northern Quebec, which is fully owned by the company [7]
X @Bloomberg
Bloomberg· 2026-02-06 23:00
China's industrial ecosystem to mine and process rare earths has secured the country's dominance in the market. Is there any prospect of the US entering the arena in a way that's actually competitive?@heidirediker tells @thestalwart and @tracyalloway yes. She joins the Odd Lots podcast to discuss the resources we have right now, and the technologies and policies that could help the US catch up https://t.co/qoGXjc1GMM ...
Key Mining Corp. and Compass Digital Acquisition Corp. Announce Filing of Registration Statement on Form S-4 with the SEC
Globenewswire· 2026-02-06 22:30
Core Viewpoint - Key Mining Corp (KMC) and Compass Digital Acquisition Corp (CDAQ) are progressing towards a business combination, with KMC's critical mineral assets positioned to benefit from increasing global demand [1][2][3]. Company Overview - KMC is an exploration stage global critical minerals and infrastructure company with assets in Chile and the United States, including the 10th largest rutile titanium dioxide deposit in the world [3][6]. - The flagship asset of KMC is the Cerro Blanco titanium project, which is a high-grade rutile deposit, along with a developing water desalination project [6]. Business Combination Details - CDAQ entered into a merger agreement with KMC and Pubco on January 6, 2026, with the business combination expected to be completed in the first half of 2026, pending shareholder approvals and SEC clearance [2][4]. - The business combination is anticipated to generate up to $20 million in gross proceeds, which will support KMC's development activities and cover transaction-related costs [4]. Strategic Positioning - KMC aims to build a leading global mining platform by acquiring and developing critical mineral assets throughout the Americas, capitalizing on the structural supply-demand gap in the market for critical minerals [3][6]. - The company is strategically positioned to leverage the accelerating global demand for critical minerals essential for modern economies [3].
Canada, U.S. stock markets rebound on Friday
Investment Executive· 2026-02-06 22:05
The S&P/TSX composite index was up 476.38 points at 32,470.98.Many of the gains in the Canadian stock market came from the basic materials sector. He said that the price of precious metals has seen a lot of movement recently, but has still been strong so far this year.“That’s given a boost to the Canadian mining stocks, so we’re seeing a positive tilt today,” said Ludwick.Prices in the metals market also calmed a bit following their own wild swings. Gold rose 1.8%, while silver added 0.2%. The April gold co ...
X @Decrypt
Decrypt· 2026-02-06 21:55
Publicly traded Bitcoin miner Bitfarms is planning a move to the United States and a name change as it transitions from crypto to AI compute. https://t.co/iwJn3ub7IN ...
What the Options Market Tells Us About Barrick Mining - Barrick Mining (NYSE:B)
Benzinga· 2026-02-06 20:00
Group 1 - Investors are showing a bullish stance on Barrick Mining, with significant options trades indicating potential insider knowledge of upcoming events [1] - The sentiment among large traders is 53% bullish and 30% bearish, with a total of $1,016,750 in call options and $58,535 in put options [2] - Major market movers are focusing on a price range between $20.0 and $65.0 for Barrick Mining over the last three months [3] Group 2 - Volume and open interest metrics are crucial for understanding liquidity and investor interest in Barrick Mining's options, particularly within the $20.0 to $65.0 strike price range over the past 30 days [4] - An expert from Scotiabank has set a price target of $63.0 for Barrick Mining, maintaining a Sector Outperform rating [6] - Barrick Mining's stock price is currently at $45.1, reflecting a 2.99% increase, with a trading volume of 9,741,740 [7]
Barrick Mining: Meet The New Boss, Not The Same As The Old Boss
Seeking Alpha· 2026-02-06 19:47
Core Viewpoint - The article discusses the investment potential of Barrick Mining Corporation, highlighting a previous rating of "Buy" and the author's long-term investment strategy focused on intrinsic value [1]. Group 1: Company Overview - Barrick Mining Corporation was rated as the least favored among its peers nearly 10 months ago [1]. - The author has a beneficial long position in Barrick Mining shares, indicating confidence in the company's future performance [2]. Group 2: Investment Strategy - The investment approach emphasizes holding positions for the long term unless compelling reasons arise to sell [1]. - The focus is on maximizing total return over time by purchasing when prices are low relative to intrinsic value, regardless of asset class, market cap, sector, or yield [1].