JD stock is down after third-quarter sales fell short of expectationsJD.com Inc (NASDAQ:JD) stock is lower after the company stepped into the earnings confessional. Shares of JD are dangerously close to new lows, after the Chinese e-commerce giant missed the mark on third-quarter revenue. The company also forecast fourth-quarter sales growth below expectations. It has been a rocky year for JD sto...Read More
(Reuters) - Wall Street was lower on Monday as a slide in Apple shares due to demand worries hit the technology sector, while conflicting signals of a potential truce in the China-U.S. trade dispute added to market jitters.Shares of Apple Inc fell 2.5 percent after the Wall Street Journal reported the company has cut production orders in recent weeks for all three iPhone models launched in Septemb...Read More
Photo courtesy of kevin brine/Shutterstock.com(Kitco News)- Although the gold market has beenunable to maintain October’s momentum, one Canadian bank is not ready to giveup on the precious metals just yet.Analysts at Scotiabank said thatthey see further potential for the yellow metal as the bank sees a wave of risk-offsentiment sweep through financial markets and inflation pressures rise,acc...Read More
Sibanye Gold Ltd., which received a strike notice from South Africa's Association of Mineworkers and Construction Union, said it won't increase its current wage offer that was signed off on by other labor groups last week."AMCU has decided to go on strike," the union said Sunday on its Twitter feed. Sibanye will be given 48 hours to come back with a better offer, it said. The company said Monday i...Read More
The retailer will report earnings after the close Nov. 20Athletic apparel retailer Foot Locker, Inc. (NYSE:FL) is expected to report third-quarter earnings after the close tomorrow, Nov. 20. Although FL shares gapped lower after earnings in late August, the stock has seasonality on its side this time around. Specifically, Foot Locker has been among the best retail stocks to own in the November-Dec...Read More
(Kitco News) - Large speculators increased theirbearish positioning in gold futures by 67% during the most recent reportingweek for data compiled by the Commodity Futures Trading Commission, whichanalysts say accounts for much of the slide in prices during the early part ofNovember.During the week-long period toNov. 13 covered by the report, Comex December gold fell 2% to $1,201.40 anounce, whi...Read More
WASHINGTON (Reuters) - The U.S. Treasury Department has placed sanctions on Libyan Islamist commander Salah Badi, who Libya's U.N.-backed Government of National Accord has blamed for a May 2017 attack in Tripoli, according to a notice posted to the department's website on Monday.Reporting by Mohammad Zargham; Editing by Susan Heavey Disclaimer: The views expressed in this article are those of the...Read More
(Reuters) - U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.The NAHB and Wells Fargo housing market index fell to 60 points in November, which was the lowest level since the 59 recorded in August 2016. That comp...Read More
Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More
The shares are down 29% from their early October peakEnergy stocks have taken a big hit during the recent rout in oil prices. One name that has taken a particularly bruising hit is Rowan Companies PLC (NYSE:RDC), with the shares of the Texas-based offshore drilling firm down 29% from its Oct. 9 nearly two-year high of $20.87 to trade at $14.83. However, RDC is now trading near a trendline that's m...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More
Civil rights groups will urge a U.S. judge on Monday to temporarily halt an order by President Donald Trump that bars asylum for migrants who illegally cross the border with Mexico.The groups argued in court papers that Trump’s Nov. 9 order violated administrative and immigration law.The hearing before U.S. District Judge Jon Tigar in San Francisco comes as thousands of Central Americans, in...Read More
LONDON (Reuters) - The dollar drifted lower on Monday after posting its biggest weekly drop in two months as investors pared some long positions after dovish comments by U.S. policymakers last week.Against a basket of its rivals .DXY, the greenback slipped 0.1 percent at 96.38 after falling nearly half a percent last week, its biggest weekly drop since late September.“We are seeing some sign...Read More
BRUSSELS (Reuters) - European Union foreign ministers on Monday endorsed a French government decision to sanction Iranian nationals accused of a bomb plot in France, potentially allowing the measures to take effect across the bloc, three diplomats said.The ministers said technical work could now start on an EU-wide asset freeze on two Iranians and the Iranian intelligence service over a failed plo...Read More
COPENHAGEN (Reuters) - The whistleblower who revealed alleged money laundering involving Danske Bank (DANSKE.CO) said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.Authorities in Denmark, Estonia, Britain and the United States are investigating payments totaling 200 billion euros ($228.5 billion) made through D...Read More
Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More
UAL also tends to outperform during Thanksgiving weekThis morning, Credit Suisse initiated coverage on airline stocks United Continental Holdings Inc (NASDAQ:UAL) and Alaska Air Group, Inc. (NYSE:ALK), doling out "overweight" ratings on both, as well as price targets of $113 and $81, respectively. The analyst in coverage also named the latter its top pick among U.S. airlines.At last check, UAL...Read More
LONDON (Reuters) - Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.Brent crude futures were down $1.04 at $65.72 a barrel at 1447 GMT, having retreated from a session high of $67.64. WTI crude futures fell $1.03 to $55.43 a barrel.The Organization...Read More
LONDON (Reuters) - Sterling turned negative on Monday, with traders pointing to comments from Prime Minister Theresa May that an extension of the Brexit transition period was unlikely as the possible reason, as well as market talk of a large euro purchase.The pound fell as much as 0.3 percent to hit a day's low versus the dollar of $1.2796. The move came after May said she wanted any post-Brexit t...Read More
• Struggles to build on last week’s goodish rebound, despite a subdued USD demand. • Bullish traders also seemed rather unaffected by fading US-China trade optimism. Gold came under some fresh selling pressure at the start of a new trading week and eroded a part of Friday's strong up-move to over one-week tops. The Fed Vice Chairman Ri...Read More