2h ago
LME Copper Breaks Above $14,500 a Ton as Supply Tightens
London Metal Exchange copper futures hit a record high on Tuesday, reaching $14,533 a ton, up 17% this year. Traders expect potential U.S. tariff policy to pull large volumes of copper into U.S. warehouses, and the U.S. has overimported 730k MT year-to-date, tightening supply elsewhere. Scrap copper remains tight, with secondary rod output down 50% y/y, while inventories in China have fallen sharply both upstream and downstream, adding support to prices.
2h ago
2h ago
Zeta outlines path to $60-plus per share as FY26 Q2 revenue rises 43.5%
Zeta reported Q2 FY26 results with revenue up 43.5% year over year and GAAP operating profitability, with an operating margin of 3.82%. Management raised its full-year revenue growth outlook to 39% and said it expects adjusted EBITDA margin to reach 25.9% in Q4, while lifting free cash flow margin guidance by 400 bps to 63%. The company said it is formally shifting from a marketing technology platform to an AI infrastructure company and has introduced Athena as its conversational AI layer. An analyst maintained a buy rating with a $63 price target.
2h ago
2h ago
Oil nears $100 as U.S. stocks slide on inflation fears and Middle East tensions
Global markets opened the week with sharp swings as Middle East tensions and inflation worries rattled risk assets. Iran-backed Houthis attacked Saudi energy facilities, pushing Brent and U.S. crude to just below the $100 mark and adding to inflation expectations. Major U.S. stock indexes fell across the board, with the Dow down more than 1%. The yen surged on prospects of a Bank of Japan rate rise, while copper hit a record high on tightening supply, according to agency inputs.
2h ago
3h ago
Dow slides 628 points as hotter August jobs data lifts Treasury yields and rate-hike bets
The Dow Jones Industrial Average fell 628 points after an unexpectedly strong August jobs report pushed U.S. Treasury yields higher and raised expectations of a September rate hike. Yields on the 2-year, 10-year and 30-year Treasuries all edged up. WTI crude futures climbed 2.4% to $93.65 a barrel on reports of war-related damage to energy infrastructure near the Strait of Hormuz, while Brent briefly neared $100.
3h ago
3h ago
Emera shares slide nearly 10% in 30 days to C$69.73, offering a 4.2% dividend yield
Shares of Canadian utility Emera have fallen nearly 10% over the past 30 days, with the stock at C$69.73 and a market capitalization of C$21.5 billion. The company offers a 4.2% dividend yield. In the second quarter, adjusted net income fell 10% year over year to C$212 million, and adjusted earnings per share declined to C$0.69 from C$0.79. Emera invested more than C$1.7 billion in infrastructure in the first half of the year and continues to advance its C$4 billion full-year capital plan.
3h ago
3h ago
Transportation Secretary Duffy warns Ford CEO over China partnerships, citing national security risks
U.S. Transportation Secretary Sean Duffy warned Ford Motor Co. that its growing reliance on Chinese technology and manufacturing partnerships poses national security risks and threatens U.S. jobs. In a letter to CEO Jim Farley, Duffy cited Ford’s continued use of CATL-licensed battery technology in Michigan, a joint venture with Geely in Spain, reported talks with BYD on hybrid components, and delayed plans to bring Lincoln models back to U.S. production that he said could extend until 2030. Ford shares fell 4.1%.
3h ago
4h ago
India’s sugar price slide undercuts raw sugar imports, stalling 1 million-tonne plan
A sharp drop in domestic sugar prices in India has made imported sugar more expensive than local supplies, weakening incentives to ship in raw sugar. The government previously cleared imports of 1 million tonnes to cool prices, and port-based refineries have committed about 260,000 tonnes, but only a few thousand tonnes have entered the domestic market so far. Although the import window has been extended under a one-time Tariff Rate Quota scheme, the unfavourable price gap is keeping importers on the sidelines.
4h ago