(Reuters) - Target Corp (TGT.N) reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.Sales at stores open at least a year rose 5.1 percent, short of analysts’ estimates of a 5.21 percent increase, according to IBES data from Refinit...Read More
Fred Imbert | Spriha SrivastavaPublished 15 Hours AgoUpdated2 Hours AgoCNBC.com show chapters The U.S. stock market is tanking again—Here’s what five experts are saying now 6 Hours Ago |03:19 The Dow Jones Industrial Average and S&P 500 fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while some of the m...Read More
Mr. Cooper Quinn reportsOSPREY ANNOUNCES ASSAY RESULTS FROM PREVIOUSLY UNSAMPLED CORE AT CARIBOU PROJECT, INCLUDING 70.57 METRES OF 1.58 GRAMS PER TONNE GOLDOsprey Gold Development Ltd. has provided further results from its continuing 2018 exploration program under way at the Caribou gold project located in Nova Scotia, Canada. Caribou is approximately 80 kilometres northeast of the city of Halifa...Read More
Target reported disappointing quarterly earningsFutures on the Dow Jones Industrial Average (DJI) are getting clobbered, down nearly 300 points, with stocks set to extend Monday's slide. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are doing no better, as several tech stocks and FAANG names continue to cruise into bear market territory. In addition, retailers are contributing to the b...Read More
TGT shares are set to hit multi-month lowsThings have been pretty ugly for stocks in recent weeks, and today's shaping up no different. Futures on the major U.S. indexes are below fair value, and one of the biggest stories is a disappointing third-quarter earnings report from Target Corporation (NYSE:TGT). Profit and same-store sales for the period both came up short of expectations, despite a 49%...Read More
VIENNA (Reuters) - Italy does not pose an immediate economic risk within the euro area but it has significant financing needs this year and next that could become an issue over the longer term, European Central Bank policymaker Ewald Nowotny said on Tuesday.“It is not the case that (there is) an immediate economic threat. Immediately it is rather a political problem,” Nowotny told a ne...Read More
NEW YORK (Reuters) - The Federal Reserve is pushing ahead with gradual rate-hike plans next month as it marches toward a more normal policy stance that would keep the economy expanding, one of its most influential members said on Monday in the face of growing doubts in financial markets.New York Fed President John Williams, a close ally of Fed Chair Jerome Powell and a permanent voter on monetary...Read More
LONDON (Reuters) - Euro zone money markets no longer fully price in a 10 basis point rate hike from the European Central Bank in 2019, indicating growing investor concern about the economic outlook in the single currency bloc.Money market futures dated to the ECB's December 2019 meeting now price only a 95 percent chance of a rate hike, from a 100 percent chance on Monday. ECBWATCHThis is a substa...Read More
Monthly data from the Swiss Federal Customs Administrationshow that gold demand in key Asian buying nations was weak during October, saysCommerzbank. The report shows that Switzerland exported only 11.3 tonnes ofgold to India last month, the least in at least five years. “This was probablydue to sharp rises in local gold prices, as gold in Indian rupees increased byover 10% in price between...Read More
(Reuters) - Department store operator Kohl’s Corp (KSS.N) raised its full-year profit forecast and posted better-than-expected quarterly same-store sales on Tuesday, as it moved trendier fashion to stores quicker and bolstered its online business.The company now expects full-year earnings forecast of $5.16 - $5.36 per share, compared with from its prior forecast of $4.96 - $5.36.Net income r...Read More
(Kitco News)- Goldprices continue to push higher as U.S. housing data come in line withexpectations.TheCommerce Department's latest economic data showed that U.S. housing starts rose1.5% in to a seasonally adjusted annual rate of 1.23 million units in October, upfrom September's revised rate of 1.21 million.Consensus forecasts compiled by most news organizations called for starts to bearound 1.23&...Read More
(Kitco News) - Gold andsilver prices aremodestly up in early U.S. trading Tuesday, supported by some mild safe-haven demandas the U.S. stock indexes have seen heavy selling pressure so far this week. December gold futures were last up $3.60 an ounce at $1,228.90. December Comex silver was last up $0.062 at $14.47 an ounce. Globalstock markets were also mostly lower overnight, following the soli...Read More
LONDON (Reuters) - Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500 BTC=BTSP, bringing the world's best-known cryptocurrency's losses to 30 percent within a week as a selloff in digital currencies intensified across the board.Other cryptocurrencies also skidded sharply, with Ethereum's ether losing 10 percent ETH=BTSP and Ripple's XRP XRP=BTSP down 13 percent in a largely sent...Read More
(Reuters) - CVS Health Corp (CVS.N) said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc (AET.N) after the Thanksgiving holiday.The pharmacy chain and benefits manager had previously expected the transaction to close by Nov. 22.CVS said in a filing bit.ly/2Kk8PSf it had received approval from 26 of the 28 state departments of insurance and was in the fina...Read More
(Reuters) - Lowe’s Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.Shares of the Mooresville, North Carolina-based company fell 5.3 percent to $86.50 in premarket trading after Lowe’s also reported a smaller...Read More
MELBOURNE (Reuters) - Australia’s unemployment could ease further from the current 6-1/2 year low without putting too much upward pressure on wages, the head of the country’s central bank said on Tuesday.Reserve Bank of Australia (RBA) Governor Philip Lowe noted the jobless rate in the country’s two biggest states - New South Wales and Victoria - was between 4.4 percent and 4.6 p...Read More
BRUSSELS (Reuters) - Greece is likely to beat its fiscal targets, including the primary surplus, for the third year in a row, but needs to continue the reforms it promised as part of the last bailout program, the chairman of euro zone finance ministers said.Speaking at a hearing in the European Parliament’s economic committee, Mario Centeno said the outlook for the Greek economy was positive...Read More
TOKYO (Reuters) - Japan’s Nikkei fell to a three-week low on Tuesday as a drop in Nasdaq shares dragged down Japanese tech names, while Nissan Motor tumbled on news of Chairman Carlos Ghosn’s arrest and dismissal.The Nikkei share average ended 1.1 percent lower to 21,583.12, the lowest closing level since October 31.Nissan Motor Co was the most-traded stock by turnover and tumbled 5.5...Read More
LONDON (Reuters) - Bank of England Governor Mark Carney gave his backing to a Brexit deal struck by British Prime Minister Theresa May, saying the alternative of leaving the European Union with no transition could be akin to the 1970s oil shock.“We have emphasized from the start the importance of having some transition between the current arrangements and the ultimate arrangements,” Ca...Read More
Vancouver-based Canarc Resource (TSX: CCM) just bought the Corral Canyon gold exploration project in northwestern Nevada through the staking of 92 mining claims. The Vancouver-based miner now owns 100% of the project with no underlying royalties.According to Canarc, the 742-hectare project lies along a regionally productive gold trend that includes the past producing high-grade Sleeper gold mine,...Read More