AAPL stock is on pace for its worst month since the financial crisisAn ongoing decline in the shares of Apple Inc. (NASDAQ:AAPL) has been the biggest story on Wall Street today, as the Dow stock falls on another concerning news story about iPhone production cuts which follows a string of bearish analyst notes. Last seen down 3.9% at $185.97, AAPL is on pace for its lowest close since July, and its...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
Raymond James likes the potential of VKTX's liver disease drugThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 1.8% to trade at $11.86, getting a boost from Raymond James, who upgraded the biotech name to "strong buy" from "outperform. The analyst in coverage waxed optimistic on the potential of the company's liver disease drug. And in response to the bull note, options traders today a...Read More
Walt Disney, meanwhile, is getting hit by broad-market headwindsThe U.S. stock market is spiraling today on tech sector weakness. While entertainment name Walt Disney Co (NYSE:DIS) is getting hit with broader headwinds, Chinese stocks Nio Inc (NYSE:NIO) and Yulong Eco-Materials Ltd (NASDAQ:YECO) are bucking the bearish bias. Here's a closer look at what's moving shares of DIS, NIO, and YECO.Disney...Read More
JERUSALEM (Reuters) - Home-renting company Airbnb Inc <AirBnB Inc> said on Monday it would remove listings in Israeli settlements in the occupied West Bank, a move Israel called a “wretched capitulation” to boycotters and Palestinians hailed as a step towards peace.The decision, affecting some 200 listings, would take effect in the coming days, Airbnb said.Israel captured the Wes...Read More
In mid-2018, First Vanadium drilled 69 reverse circulation holes as part of the phase two drilling program at its Carlin vanadium project, 9.6 km south of Carlin, NevadaOf those, 33 were step out holes and 36 were infill holes. The company recently reported results from 10 of those step out holes.The drilling focused on a 300 metre by 220 metre area and connected shallow near horizontal mineraliza...Read More
UNITED NATIONS (Reuters) - Turkish Foreign Minister Mevlut Cavusoglu did not request a U.N. inquiry into the death of Saudi journalist Jamal Khashoggi when he met with U.N. Secretary-General Antonio Guterres on Monday, a U.N. spokesman said, though they did discuss the case.“They discussed Yemen, Syria, Cyprus, as well as the murder of Jamal Khashoggi,” U.N. spokesman Stephane Dujarric...Read More
While the stock market has struggled, this equity has muscled higherWhile battered PG&E (PCG) has been dominating headlines recently due to its role in the California wildfires, one other utility stock made a blip on our radar: Dominion Energy Inc (NYSE:D). While most other stocks have swooned since October, shares of theelectric and natural gas supplier have muscled higher. However, that could ch...Read More
(Reuters) - Tesla Inc (TSLA.O) could be interested in partnering with Daimler AG's (DAIGn.DE) Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet here on Monday."Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That's a great van. We will inquire," Musk replied here to a comment by a Twitter user enquiring about an...Read More
BOGOTA - Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years.The financing law helps to guarantee the competitiveness of the industry that competes with countries like Peru and Chile for attracting investmentsThe...Read More
WASHINGTON (Reuters) - Three Democratic senators launched a new legal challenge on Monday to President Donald Trump’s naming of Matthew Whitaker as acting attorney general, accusing Trump of depriving the U.S. Senate of its constitutional power to act on such appointments.The lawsuit was filed in federal court in Washington by Senators Richard Blumenthal, Sheldon Whitehouse and Senator Mazie...Read More
(Kitco News) - Gold andsilver prices are near steady in quieter early-afternoon U.S. trading Monday. Somebacking and filling on the daily charts was seen in gold following recent goodgains. December gold futures were last up $0.70 an ounce at $1,223.80. December Comex silver was last up $0.003 at $14.385 an ounce. Globalstock markets were mixed in subdued, pre-holiday trading overnight. U.S. st...Read More
GENEVA (Reuters) - China plans to propose reforms of the World Trade Organization, China’s ambassador to the WTO Zhang Xiangchen said, while warning fellow WTO members against seeing reform as a chance to put China in a straitjacket.Zhang was speaking at a lunch during a WTO conference in Paris on Friday, where diplomats and officials discussed ideas about reforming the WTO, largely driven b...Read More
Goldman predicts 2.5 percent and 2.2 percent growth in the first two quarters of 2019, respectively, but then just 1.8 percent and 1.6 percent real GDP growth in the final two quarters."We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration," wrote the bank's chief economist, Jan Hatzius.But Goldman believes the U.S. will skirt a recession nex...Read More
LONDON (Reuters) - British Prime Minister Theresa May vowed on Monday to stick to her draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge.Since striking a deal with the EU on Tuesday, May has faced the most perilous crisis of her premiership with several cabinet ministers resigning, including her Brexit minister.May has pledged to figh...Read More
But AKER is running out of steam today at a key trendlineThe top stock on the Nasdaq so far today is Akers Biosciences Inc (NASDAQ:AKER), up 70% to trade at $2.12, after the company announced plans to enter the cannabis industry. More specifically, the medical device maker's board met with numerous marijuana-related companies recently at a conference in Las Vegas.This is shaping up to be AKER's b...Read More
BRUSSELS (Reuters) - Italy will stick with its 2019 budget plan despite criticism from the European Commission but talks are continuing, Economy Minister Giovanni Tria said on Monday after attending a meeting of euro zone finance ministers.Italy is at loggerheads with the Commission and many fellow euro zone governments over its big-spending budget. Brussels has rejected the package, saying it fai...Read More
(Reuters) - Danske Bank (DANSKE.CO) is embroiled in a money laundering scandal that has triggered criminal investigations, forced out its CEO and chairman and rattled investors in Denmark’s largest bank.An internal investigation, published in September, charted how 200 billion euro ($229 billion) flowed through Danske Bank’s tiny Estonian branch from clients registered or incorporated...Read More
Apple is near the bottom of the Dow at middayA sharp sell-off in tech stocks is weighing on the broad market at the start of the short Thanksgiving week. With Apple (AAPL) among the worst stocks on the Dow Jones Industrial Average (DJI) at midday on fresh iPhone production concerns, the blue-chip index is down more than 300 points. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are wallowing...Read More
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Pleasure to speak with you.Mickey Fulp: Thank you, sir.Maurice Jackson: Mickey, one of the concerns that I think speculato...Read More