PARIS/TOKYO (Reuters) - Nissan wants more influence in its alliance with France’s Renault following the arrest of group Chairman Carlos Ghosn, arguing the structure does not adequately reflect the Japanese carmaker’s size and global sales.Japan’s No.2 auto manufacturer has long felt like the junior partner in the alliance built by Ghosn over the last 19 years, since he rescued Ni...Read More
Cyber Monday is historically a tough day for stocksIt used to be just Black Friday, now there's Gray Thursday and Cyber Monday and who knows what else. Whatever they name it these days, it's the unofficial start to the holiday shopping season. Get ready for reports of foot traffic,online and in-store sales numbers, and Walmart fist-fights, all of which will be used to gauge the strength of the con...Read More
BERLIN (Reuters) - Germany and France said they would sign a contract with Airbus and Dassault Aviation to start work on a next-generation fighter jet in early 2019, with next steps on a joint tank program due by the end of 2018.French President Emmanuel Macron and German Chancellor Angela Merkel first announced plans for the two big arms program in July 2017 as part of an effort to deepen bilater...Read More
WASHINGTON (Reuters) - U.S. banking regulators said on Wednesday that they will seek public comment on a proposed rule that introduce a small-bank capital leverage ratio of 9 percent.The Federal Reserve said that the new leverage ratio, which would apply to banks with $10 billion in assets, aims to simplify capital requirements for small banks.The proposal, which was issued in conjunction with the...Read More
WASHINGTON (Reuters) - U.S. Defense Secretary Jim Mattis said on Wednesday that a joint military exercise with South Korea called “Foal Eagle” would be reduced in scope next year so it does not harm diplomatic efforts with North Korea.“Foal Eagle is being reorganized a bit to keep it at a level that will not be harmful to diplomacy,” Mattis told reporters.The Foal Eagle fie...Read More
NEW YORK (Reuters) - The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in October, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.This matched the pace for fourth-quarter gross domestic product that the Atlanta Fed’s GDP program calculated on Tuesday.Following the release...Read More
Don't miss out on the multi-billion-dollar "Marijuana Buyout Boom."One Fortune 500 company is betting over $4 BILLION on "legal weed."Constellation Brands already owns Corona, Robert Mondavi, Canadian Whiskey, and Svedka.And now they're getting into cannabis.They recently made a HUGE investment in major pot company called Canopy Growth.Why?Because they anticipate massive growth and profits once...Read More
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.While other data on Wednesday showed home resales rising last month after six straight monthly declines, house purchases remained sharply down this...Read More
BERLIN (Reuters) - Germany’s Volkswagen (VOWG.DE) has struck a deal with U.S. semiconductor maker Broadcom (AVGO.O), ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to Volkswagen told Reuters on Wednesday.The companies signed an out-of-court settlement, the source said, adding that a court hearing scheduled for Friday had now been canceled...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
Mr. Eric Fier reportsSILVERCREST FILES MINERAL RESOURCE TECHNICAL REPORT ON THE LAS CHISPAS PROPERTYSilvercrest Metals Inc. has filed a technical report titled, "Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico," dated Nov. 19, 2018, with an effective date of Sept. 13, 2018. The Las Chispas report was completed for Silvercrest by N. Eric Fier, CPG...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold Corp. (TSX: MOZ) reports.The company completed its 41,000-metre step-out and infill drill program for 2018 at the end of October and assays released today include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold...Read More
(Kitco News) - Gold andsilver prices aremoderately higher and at two-week highs in early-afternoon U.S. tradingWednesday, supported by a big rebound in crude oil prices and a weaker U.S.dollar index today. December gold futures were last up $6.80 an ounce at $1,228.00.December Comex silver was last up $0.236 at $14.505 an ounce. TheU.S. dollar index trading is weaker but still not far below this...Read More
SANTIAGO (Reuters) - Chile and Brazil signed a free trade agreement on Wednesday that scraps red tape and tariffs between the two South American economies, in a move both governments said would give a boost to regional integration.Brazil President Michel Temer traveled to Santiago to sign the deal with his counterpart, Chilean President Sebastian Pinera. The agreement eliminates tariffs from 17 ke...Read More
NEW YORK (Reuters) - Illinois, the U.S. state with the lowest credit rating on Wall Street, has often been chastised for using gimmicks to balance its budget.Take, for instance, its overly optimistic assumptions about savings, such as a voluntary pension benefit buyout that retirement systems have yet to actually start.For fiscal 2019, which began July 1, Illinois is counting on an additional $150...Read More
Companies are carrying a $9 trillion debt load, posing a potential threat should rates continue to rise and the economy weaken.Most Wall Street bond experts think the issue is contained for the next 12 to 18 months, though one says the market's "angst" is "not misplaced."A principal worry is over companies teetering between investment grade and junk that could cause market trouble should their sta...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can...Read More
A bounce in tech and energy stocks is offsetting lackluster economic dataThe Dow Jones Industrial Average (DJI) is paring a portion of its massive Thanksgiving week losses in today's low-volume session, boosted by a big bounce in tech and energy stocks. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are up, as well, with oil prices also stabilizing. At last check, January-dated crude is 1.6%...Read More
(Reuters) - Apple Inc’s biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces “a very difficult and competitive year”, Bloomberg reported on Wednesday, citing an internal memo.The Taiwan-based producer said in a statement it was conducting a regular annual review to budget effectively for 2019, but it was also the...Read More
Mark Zuckerberg said he won't step down as chairmanFacebook, Inc. (NASDAQ:FB) shares are up 3.4% to trade at $136.94 this morning, after CEO Mark Zuckerberg said he will not step down as chairman amidst the latest string of scandals. FB stock is still staring at its worst month since July, however, down more than 10% so far in November. In fact, shares of the FAANG stock touched their lowest point...Read More