DON'T MISS: Walmart Bulls Buy the Earnings Dip. Globally, Walmart saw e-commerce revenue rise to more than $80 billion last year. Walmart is also going on the offensive, trying to steal Amazon's market share in apparel and home retail by "improving our e-commerce assortment and presentation in those categories," McMillon said during the company's earnings call. Read More...
Reuters
Exclusive-CME to launch nickel contract using prices from new platform -sources
CME Group plans to launch a nickel contract, settled with prices gathered from a platform to be launched by UK-based Global Commodities Holdings (GCH), which could eventually compete with the London Metal Exchange, three sources with knowledge said. For years, LME nickel prices were used as a global reference by producers and consumers using the metal as an ingredient for the stainless steel and electric vehicle battery industries. But after a trading fiasco last March, which saw prices double to over $100,000 per tonne in a matter of hours, many frustrated consumers, producers and traders are avoiding LME nickel and seeking alternative ways to price their contracts.
