Pay attention, people.
Copper is Dropping Like a Boulder in Water
Copper prices are now hovering near a two-month low after a 3.6% nosedive on Tuesday. Pin most of the blame on fears of a sharp economic slowdown in the Chinese economy in the first quarter of 2018. Those fears were fueled by two tepid reads on Chinese manufacturing last week. No shocker that copper stocks have basically cratered over the last five sessions:
- Southern Copper (SCCO) - Get Report -4.7%
- Freeport McMoRan (FCX) - Get Report -4.2%
- Rio Tinto (RIO) - Get Report -6.3%
TheStreet Takes Over Los Angeles
TheStreet's Kinsey Grant is doing some serious coverage at this year's LD Micro conference in Los Angeles this week. If you ever wanted to know anything about what could become a future large cap company, look no further than this conference that features a variety of up and comers in emerging fields.
Here are several of our exclusive interviews from the conference. Bonus video above of Grant interviewing TheStreet's CEO David Callaway at the event.
UPS Feels the Impact of E-Commerce
UPS (UPS) - Get Report said Tuesday that package deliveries will be delayed through the middle of this week thanks to an influx of e-Commerce orders. The hiccup is on the disappointing side following a year of investments by UPS in upgrading capacity to handle bigger peaks in demand.
Walmart Rocking...Meal Kits?
Meal kit pioneer Blue Apron Holdings Inc (APRN) - Get Report now has more to worry about than just execution issues, reportsTheStreet's Cathaleen Chen. Walmart (WMT) - Get Report just started selling meal kit offerings on its website, including some under the Takeout Kit and Home Chef brands. Some selections are already sold out.
Walmart entering meals kits isn't a shocker considering what CEO Doug McMillon recently told me.
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