News Snapshot:
Rio Tinto (RIO) reports financials for the first half of 2023 early Wednesday, with analysts expecting profits to fall sharply as prices for iron ore and other base metals have decreased this year. RIO stock jumped Tuesday with other mining stocks also flashing buy signals on China optimism. X Wall Street forecasts Rio Tinto earnings in the first half dropping 32% to $3.59 per share with revenue slipping 11% to $26.54 billion. Prices for iron ore and copper are down more than 20% from their 2022 peaks. "We continued to take disciplined measures to grow in the materials the world...
