Goldman’s ‘favorite’ commodity has been on a tear, and could have further to run
Copper prices have experienced a remarkable resurgence since the late March crash, hitting two-year highs last week, and Goldman Sachs believes the rally has further to run. Often seen as a bellwether for the global economy, copper prices plunged at the end of March as the coronavirus pandemic spread throughout the world and sent markets tumbling. However, […]
We have to improve our operations to be more sustainable
In our company it’s clear: we want to be part of that, and we have to improve our operations to be more sustainable,” he replied. “For example, this first half year we have further increased the use of alternative fuel, we are already now at 20% alternative fuel rate for all our plants globally.” “Furthermore, […]
Shares of Caterpillar drop 2.8% after Dow component reports 31% decline in revenue
Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and post better-than-expected results. The Deerfield, Illinois-based equipment maker posted adjusted per-share earnings of $1.03 on revenues of $10 billion. Analysts were expecting revenue of just $9.38 billion for the quarter, […]
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