SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.The world’s largest online retailer plans to spend $5 billion on the two new developments and expects to get more than $2 billion in tax...Read More
WASHINGTON/PARIS (Reuters) - U.S. President Donald Trump attacked his French counterpart on Tuesday in a series of tweets that underscored how much the once-friendly ties between the two leaders have soured, just two days after returning from Paris.In five posts sent on the same day that French officials marked the anniversary of the 2015 terrorist attacks that killed 130 people in Paris, Trump bl...Read More
The S&P stock has averaged the best Thanksgiving week return over the last 10 yearsIt was a dismal start to the week for semiconductor stocks as Apple (AAPL) suppliers sold off on concerns over iPhone demand. The sector is bouncing back today thanks in part to bullish brokerage attention for a pair of high-profile chipmakers, with Micron Technology, Inc. (NASDAQ:MU) up 2.4% to trade at $38.33. The...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump will remove Department of Homeland Security chief Kirstjen Nielsen and replace chief of staff John Kelly in another shakeup of his administration, U.S. news outlets reported on Tuesday, citing multiple unnamed sources.Trump has decided to remove Nielsen, a Kelly prot?(C)g?(C) who became the secretary at Homeland Security when he left the job to be...Read More
p>(Kitco News)- King Dollar willrule over gold prices in thenear-term, but the yellow metal will continue to be an important diversifierand safe-haven asset for investors in the long-term according to one fundmanager.In a telephone interview with Kitco News Maxwell Gold, directorof investment strategy at Aberdeen Standard Investments, saidthat he sees gold as a strong buy on dips as volatility wil...Read More
BELFAST (Reuters) - It is going to be a “very, very hard sell” for British Prime Minister Theresa May to win parliamentary backing for her emerging Brexit deal, the deputy leader of the small Northern Irish party propping up her government said on Tuesday.“The trick will be for Theresa May, can she satisfy everyone? It is going to be a very, very hard sell, I would have thought,...Read More
(Kitco News) - Gold andsilver prices recouped mild early losses to trade around unchanged levels onthe day, in early-afternoon dealings Tuesday. Gold hit another four-week lowbelow $1,200.00 overnight. The silver market fell to a two-month low today.Precious metals were somewhat supported when the U.S. dollar index sold offtoday, on a corrective pullback after hitting a 1.5-year high on Monday. H...Read More
TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) has appointed former IDG Communications CEO Michael Friedenberg as president of Reuters news and media operations, Thomson Reuters said on Tuesday.Friedenberg will join the company on Dec. 3 and report to Jim Smith, president and chief executive officer of Thomson Reuters, the statement said. He will be based in New York.Editorial content w...Read More
Shifting sentiment among analysts could work against FB stockThe chart of Facebook Inc. (NYSE:FB) stock has taken a turn for the worse. The shares of the social media giant have broken out of their long-term uptrend, and have been stuck in a downtrend since a massive July bear gap. What's more, a brief rebound attempt struggled to break through the $155-$160 area, site of FB's previous 2018 lows....Read More
Home Depot reported better-than-expected third-quarter resultsAt last check, shares of Home Depot Inc (NYSE:HD) are down 1.5% to trade at $176.75, in spite of the retail name's better-than-expected third quarter earnings. The post-earnings downshift comes after the home improvement company said tariffs will have an impact on prices at its retail locations. HD announced third-quarter earnings per s...Read More
Macy's reports third-quarter earnings before the open tomorrow, Nov. 14Earnings season has a strong retail theme to it this week. One of the retail giantsdue up is Macy's Inc (NYSE:M), which will step into the earnings confessional for its third-quarter report before the open tomorrow, Nov. 14. Ahead of the event -- and a historically bullish period for Macy's -- the stock is down 0.1% today to tr...Read More
Gold is clinging to the uptrend line coming in at down to 1196....We have the weekly S1 from Pivot Points @ 1198....and the daily S1 @ 1195....so there are 3 good reasons to buy Gold at lower levels we have the order in....we just need it to drop a smidge lower....or buy @ market if it doesn't get these within the next hour... Gold has come down a lot from being contained by the 200 week MA @...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump is considering removing Department of Homeland Security chief Kirstjen Nielsen and replacing chief of staff John Kelly in another shakeup of his administration, ABC News reported on Tuesday, citing multiple unnamed sources.Nielsen, a prot?(C)g?(C) of Kelly who became the secretary at Homeland Security when he left the job to become Trump’s c...Read More
(Kitco News) -The sentiment from the Silver & Gold Summit in SanFrancisco was one of fear - the nosedive that equities took in October hasunderstandably shaken investors’ confidence in the stock markets.The questions on everyone’s mind is during the conferencewas whether or not investors will flood back to safe havens in 2019, and if so,will gold take the crown as the king of safe...Read More
Home Depot, meanwhile, has reversed lower after earningsThe Dow Jones Industrial Average (DJI) is sporting modest gains at midday, as a swing higher for Apple (AAPL) stock and reports of revamped U.S.-China trade talks offset a post-earnings reversal for Home Depot (HD) and another day of sharp losses for oil prices. Specifically, December-dated crude futures are down 3.8% at $57.65 per barrel, he...Read More
JOHANNESBURG (Reuters) - South Africa’s Home Affairs Minister Malusi Gigaba has resigned, the president’s office said on Tuesday, following calls from opposition parties for him to stand down over a High Court ruling which said he had lied under oath.Gigaba, who was finance minister between March 2017 and February 2018, has denied any wrongdoing. Gigaba, who in February was reappointed...Read More
Gold has come under renewed downward pressure since the Fed's meeting (November 8).Speculators continue to normalize their bearish positioning in Comex gold, the CFTC shows.ETF investors cut slightly their gold holdings last week, according to FastMarkets.The outcome of US midterm elections (November 6) should be dollar-negative.I continue to expect a strong rebound in gold prices into year-end....Read More
LONDON/BRUSSELS (Reuters) - A Brexit deal is almost within touching distance, Prime Minister Theresa May’s de facto deputy said on Tuesday, as Britain and the European Union sought to avoid missing a deadline for approving the divorce.While officials choreograph the first withdrawal of a sovereign state from the EU, it remains unclear whether May can get any deal approved by the British parl...Read More
(Repeats with no changes to text)STRASBOURG, Nov 13 (Reuters) - German Chancellor Angela Merkel told the European Parliament on Tuesday that the euro zone will only work if all member states meet their treaty responsibilities as a deadline looms for Italy to re-submit budget plans to the European Union.“Our common currency can only function if every individual member fulfils their responsibi...Read More
WASHINGTON (Reuters) - Georgia voters will wait until at least Friday for the final word on who will be their next governor after a U.S. federal judge ordered state election officials to review provisional ballots cast in last week’s election.In an order late on Monday, U.S. District Court Judge Amy Totenberg urged county election officials to conduct a “good faith” or “ind...Read More