Platinum prices are rising due to tight supplies although the metal has fallen out of favour as miner Anglo American seeks to offload assets and fight a vast takeover bid from Australian rival BHP. The metal is used in the manufacture of catalytic converters for high-polluting petrol engines -- but demand has long been forecast to slump as more drivers switch to greener electric cars.- Tight platinum supplies- Despite the longer-term downtrend, platinum prices have swung higher in recent weeks d
European stocks started the day on May 21 with a slightly weaker note, marking a retreat from their recent impressive performance, with attention now shifting towards the upcoming earnings report from NVIDIA Corporation (NASDAQ:NVDA). The Stoxx 600 index dipped by 0.2%, showing a predominantly negative trend across most sectors, while futures for US equities remained […]
Shares of Peloton (PTON) are sliding after the company announced it is starting the sale of a $1 billion loan offering. Catalysts Hosts Seana Smith and Madison Mills break down the home fitness company's refinancing effort as it attempts to recover from a recent sales slump. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl