(RTTNews) - The Australian stock market is trading modestly lower on Friday, following the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in gold miners a
(RTTNews) - The Australian stock market is trading modestly lower on Friday, following the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in gold miners a
Donald Trump's election victory in 2024 came with great fanfare on Wall Street. Some investors and analysts were excited about the prospects of lower business taxes and deregulation, which can help juice corporate earnings. Some of these factors may have played a role in sending the S&P 500 index up by an impressive 17.9% in 2025. That said, Trump's second year in office is shaping up to be a whol...
Donald Trump's election victory in 2024 came with great fanfare on Wall Street. Some investors and analysts were excited about the prospects of lower business taxes and deregulation, which can help juice corporate earnings. Some of these factors may have played a role in sending the S&P 500 index up by an impressive 17.9% in 2025. That said, Trump's second year in office is shaping up to be a whole different can of worms. Markets were able to shrug off Trump's haphazard tariff policy and frequent pressure on independent institutions like the Federal Reserve. But the effects of the recent war in Iran might be too damaging to overlook. Let's look at some historical precedents to decide what might happen next and if stocks will crash before Trump leaves office. President Donald J. Trump delivers remarks at a Commander in Chief Trophy presentation for the U.S. Naval Academy's Navy Midshipmen football team, Friday, March 20, 2026, in the East Room of the White House. (Official White House Photo by Joyce N. Boghosian) Continue reading
Earnings Call Insights: Alcoa Corporation (AA) Q1 2026 Management View "We had a strong start to 2026, driven by execution, and we are well positioned to deliver a strong second quarter and full year 2026 performance," said William Oplinger (President, CEO & Director), while also pointing to continuity of supply despite "significant disruption in the Middle East" and saying, "Our flexible casthous...
Earnings Call Insights: Alcoa Corporation (AA) Q1 2026 Management View "We had a strong start to 2026, driven by execution, and we are well positioned to deliver a strong second quarter and full year 2026 performance," said William Oplinger (President, CEO & Director), while also pointing to continuity of supply despite "significant disruption in the Middle East" and saying, "Our flexible casthouse network continues to unlock value-add opportunities." William Oplinger (President, CEO & Director) highlighted strategic items and balance-sheet actions: "We continue to anticipate ministerial approvals by year-end 2026," "We are in advanced discussions on the monetization of our former Massena East smelter site for a data center project," and "On April 7, we successfully and safely completed the restart of the San Ciprian smelter." He also said the company "issued notice to redeem the remaining $219 million outstanding of our 2028 notes," citing "our strong cash balance of $1.4 billion." "Revenue decreased 7% sequentially to $3.2 billion," said Molly Beerman (Executive VP & CFO), and added that first-quarter results included "net income attributable to Alcoa" of "$425 million" and "earnings per common share" of "$1.60 per share." She also reported that "Adjusted EBITDA was $595 million" and said inventory repositioning "deferred EBITDA recognition on 30,000 metric tons to the second quarter." Outlook "We have 2 updates to our 2026 full year outlook," Molly Beerman (Executive VP & CFO) said: "Interest expense will decrease slightly to $135 million" and "our estimate for environmental and ARO payments has increased to approximately $360 million, up from $325 million." For Q2, Molly Beerman (Executive VP & CFO) said the Alumina segment is expected to be "unfavorable by approximately $15 million" and the Aluminum segment "favorable by $55 million," while adding, "We expect tariff costs to increase by approximately $35 million" and "we expect the second quarter of 2026 operat...