Does ‘Trump Always Chicken Out'? (TACO)
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Globe and Mail
10 minutes ago
- Globe and Mail
Analysts Conflicted on These Materials Names: Royal Gold (RGLD) and Ecovyst (ECVT)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Royal Gold (RGLD – Research Report) and Ecovyst (ECVT – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Royal Gold (RGLD) In a report released yesterday, Lawson Winder from Bank of America Securities maintained a Sell rating on Royal Gold, with a price target of $185.00. The company's shares closed last Friday at $159.96, close to its 52-week high of $164.18. According to Winder is a 5-star analyst with an average return of 10.9% and a 57.4% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Freeport-McMoRan. ;'> Royal Gold has an analyst consensus of Moderate Buy, with a price target consensus of $198.33. Ecovyst (ECVT) Citi analyst Patrick Cunningham reiterated a Buy rating on Ecovyst on July 11 and set a price target of $10.00. The company's shares closed last Friday at $8.68. According to Cunningham is a 1-star analyst with an average return of -0.5% and a 47.8% success rate. Cunningham covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ecovyst with a $10.33 average price target.
CTV News
12 minutes ago
- CTV News
World shares are mostly higher although worries continue over Trump's tariffs
A currency trader works near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, July 15, 2025. (AP Photo/Ahn Young-joon) TOKYO — Shares were mostly higher in Europe on Monday following gains in Asian markets despite lingering worries about U.S. President Donald Trump's latest updates to his tariffs. Shares in tech giant Nvidia jumped 5.2 per cent in pre-market trading after its CEO said the Trump administration will let it sell to China its advanced H20 chips used to develop artificial technology. Germany's DAX gained 0.3 per cent to 24,222.95 and the CAC 40 in Paris was up less than 0.1 per cent at 7,812.14. Britain's FTSE 100 was nearly unchanged at 8,996.90. The future for the S&P 500 gained 0.4 per cent while that for the Dow Jones Industrial Average slipped 0.1 per cent. In Asian trading, Japan's benchmark Nikkei 225 rose 0.6 per cent to finish at 39,678.02. A nationwide election for the upper house of Japan's Parliament, set for Sunday, also added to the wait-and-see attitude among market players. Analysts say the ruling pro-business Liberal Democratic Party may face an uphill battle and will likely need coalition partners, including possibly new ones, to keep its grip on power. Australia's S&P/ASX 200 added 0.7 per cent to 8,630.30. South Korea's Kospi edged up 0.4 per cent to 3,215.28. Hong Kong's Hang Seng rose 1.6 per cent to 24,590.12, while the Shanghai Composite dipped 0.4 per cent to 3,505.00, after the government reported that China's economy slowed in the last quarter as Trump's trade war escalated. Tuesday's data showed the economy expanded at a robust 5.2 per cent annual pace, compared with 5.4 per cent annual growth in January-March. In quarterly terms, the world's second-largest economy expanded by 1.1 per cent, according to government data. Despite worries about the damage Trump's tariffs may have on the region's exporters, speculation continues that he may ultimately back down on them. They don't take effect until Aug. 1, which leaves time for more negotiations. On Wall Street Monday, the S&P 500 edged up by 0.1 per cent, the Dow added 0.2% and the Nasdaq composite rose 0.3 per cent. If Trump were to enact all his proposed tariffs on Aug. 1, they would raise the risk of a recession. That would not only hurt American consumers but also raise the pressure on the U.S. government's debt level relative to the economy's size, particularly after Washington approved big tax cuts that will add to the deficit. For the time being, the uncertainty around tariffs could help keep markets unsteady. This upcoming week has several potential flashpoints that could shake things up. The latest reading on inflation across the U.S. comes Tuesday, with economists expecting it to show inflation accelerated to 2.6 per cent last month from 2.4 per cent in May. Companies are also lining up to report how they performed during the spring. JPMorgan Chase and several other huge banks will report their latest quarterly results Tuesday, followed by Johnson & Johnson on Wednesday and PepsiCo on Thursday. Fastenal, a distributor of industrial and construction supplies, reported Monday a stronger profit for the latest quarter than analysts expected. Its stock rose 2.9 per cent, though it also said that market conditions remain sluggish. Shares of Kenvue rose 2.3 per cent in shaky trading after the former division of Johnson & Johnson said CEO Thibaut Mongon is stepping down. Kenvue, the maker of Listerine and Band-Aid brands, is in the midst of a strategic review of its options, 'including ways to simplify the company's portfolio and how it operates,' according to board chair Larry Merlo. Some of the biggest moves in financial markets were for crypto, where bitcoin continues to set records. This upcoming week is Crypto Week in Washington, where Congress will consider several bills to 'make America the crypto capital of the world.' In energy trading, benchmark U.S. crude fell 18 cents to US$66.80 a barrel. Brent crude, the international standard, declined 9 cents to $69.12 a barrel. In currency trading, the U.S. dollar inched up to 147.73 Japanese yen from 147.72 yen. The euro cost $1.1685, up from $1.1666. Yuri Kageyama, The Associated Press
Winnipeg Free Press
15 minutes ago
- Winnipeg Free Press
Trump urged supporters to see conspiracies everywhere. With Epstein, that's coming back to haunt him
NEW YORK (AP) — As his supporters erupt over the Justice Department's failure to release much-hyped records in Jeffrey Epstein's sex trafficking investigation, President Donald Trump's strategy has been to downplay the issue. His problem? That nothing-to-see-here approach doesn't work for those who have learned from him that they must not give up until the government's deepest, darkest secrets are exposed. Last week, the Justice Department and the FBI abruptly walked back the notion that there's an Epstein client list of elites who participated in the wealthy New York financier's trafficking of underage girls. Trump quickly defended Attorney General Pam Bondi and chided a reporter for daring to ask about the documents. The online reaction was swift, with followers calling the Republican president 'out of touch' and demanding transparency. On Saturday, Trump used his Truth Social platform to again attempt to call supporters off the Epstein trail amid reports of infighting between Bondi and FBI Deputy Director Dan Bongino over the issue. He suggested the turmoil was undermining his administration — 'all over a guy who never dies, Jeffrey Epstein.' That did little to mollify Trump's supporters, who urged him to release the files or risk losing his base. At least one follower responded to Trump's post by saying it seemed as though the president was just trying to make the issue go away — but assured him it wouldn't. The political crisis is especially challenging for Trump because it's one of his own making. The president has spent years stoking dark theories and embracing QAnon-tinged propaganda that casts him as the only savior who can demolish the 'deep state.' Now that he's running the federal government, the community he helped build is coming back to haunt him. It's demanding answers he either isn't able to or does not want to provide. 'The faulty assumption Trump and others make is they can peddle conspiracy theories without any blowback,' said Matt Dallek, a political scientist at George Washington University. 'The Epstein case is a neat encapsulation that it is hard to put the genie back in the bottle.' A problem that's not going away Last week's two-page statement from the Justice Department and the FBI saying they had concluded that Epstein did not possess a client list roiled Trump's supporters, who pointed to past statements from several administration officials that the list ought to be revealed. Bondi had suggested in February that such a document was sitting on her desk waiting for review, though last week she said she had been referring generally to the Epstein case file and not a specific client list. Conservative influencers have since demanded to see all the files related to Epstein's crimes, even as Trump has tried to put the issue to bed. Far-right commentator Jack Posobiec said at Turning Point USA's Student Action Summit on Saturday that he would not rest 'until we go full Jan. 6 committee on the Jeffrey Epstein files.' Trump's weekend post sought to divert attention by calling on supporters to focus instead on investigating Democrats and arresting criminals rather than 'spending month after month looking at nothing but the same old, Radical Left inspired Documents on Jeffrey Epstein.' His first-term national security adviser, retired Lt. Gen. Michael Flynn, pleaded with him to reconsider. '@realdonaldtrump please understand the EPSTEIN AFFAIR is not going away,' Flynn wrote, adding that failing to address unanswered Epstein questions would make facing other national challenges 'much harder.' Other Trump allies continue to push for answers, among them far-right activist Laura Loomer, who has called for Bondi to resign. She told Politico's Playbook newsletter on Sunday that a special counsel should be appointed to investigate the handling of the files on Epstein, who was found dead in his federal jail cell in 2019 about a month after he was arrested. Experts who study conspiracy theories warned that more sunlight does not necessarily make far-fetched narratives disappear. 'For some portion of this set of conspiracy theory believers, no amount of contradictory evidence will ever be enough,' said Josephine Lukito, who studies conspiracy theorists at the University of Texas at Austin. Trump and his colleagues set their own trap The president and many figures in his administration — including Bondi, Bongino and FBI Director Kash Patel — earned their political capital over the years in part by encouraging disproven conspiracy theories on a range of topics, from elections to vaccines. Now, they're tasked with trying to reveal the evidence they'd long insisted was there — a challenge that's reached across the government. Last week, Environmental Protection Agency Administrator Lee Zeldin posted on X what seemed like an endorsement of a notorious conspiracy theory that the contrails left by aircraft are releasing chemicals for potentially nefarious reasons. But a second post from Zeldin underscored the fine line the Trump administration is trying to walk by linking to a new page on the EPA website that essentially debunked the theory. The value of conspiratorial fabrications is that they help people get political power, said Russell Muirhead, who teaches political science at Dartmouth College. He said Trump has exploited that 'more ably than anybody probably in American history.' But the Epstein case brings unique challenges, he said. That's because it's rooted in truth: A wealthy and well-connected financier did spend years abusing large numbers of young girls while escaping justice. As a result, Trump needs to come forward with truth and transparency on the topic, Muirhead said. If he doesn't, 'large segments of his most enthusiastic and devoted supporters are going to lose faith in him.' A potentially costly distraction As right-wing outrage over Epstein dominates the political conversation, Democrats and other Trump rivals have been taking advantage. Several Democratic lawmakers have called for the release of all Epstein files and suggested Trump could be resisting because he or someone close to him is featured in them. Conservatives expressed concerns that Trump's approach on Epstein could hurt them in the midterms. 'For this to go away, you're going to lose 10% of the MAGA movement,' right-wing podcaster Steve Bannon said during the Turning Point USA Student Action Summit on Friday. There's also the challenge of governing. Bondi and Bongino had a tense exchange last week at the White House over a story about Epstein, according to a person familiar with the matter who spoke on the condition of anonymity to discuss a private conversation. And Loomer, who is close to Trump, said Friday she was told that Bongino was 'seriously thinking about resigning.' Bongino showed up at work Monday, according to a person familiar with the matter who insisted on anonymity to discuss personnel issues. The FBI declined to comment. Monday Mornings The latest local business news and a lookahead to the coming week. Patel also took to social media Friday to dismiss what he called 'conspiracy theories' that he himself would be leaving the administration. Dallek, the George Washington University professor, said it's alarming that the country's top law enforcement officials are feuding over a conspiracy theory. 'It's possible at some time voters are going to notice the things they want or expect government to do aren't being done because the people in charge are either incompetent or off chasing rabbits,' he said. 'Who is fulfilling the mission of the FBI to protect the American people?' ___ Riccardi reported from Denver. Associated Press writers Eric Tucker, Melissa Goldin and Gary Fields in Washington contributed to this report.
