WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Friday said significant concerns remained over China’s policies in the South China Sea.“I was clear ... that we have continued concerns about China’s activities and militarization in the South China Sea. We pressed China to live up to its past commitments in this area,” Pompeo told reporters at a news conference...Read More
LONDON (Reuters) - Jo Johnson, the younger brother of Boris, resigned from British Prime Minister Theresa May’s government on Friday, calling in a withering critique for another referendum to avoid the vassalage or chaos that he said her Brexit plans would unleash.Quitting as a junior transport minister, Johnson called May’s Brexit plans delusional and said he could not vote for the de...Read More
Underground mine development is on schedule and at planned rates, Lundin Gold ( TSX: LUG) expects to reach the ore body at its Fruta del Norte project in Ecuador during the first quarter of 2019, and pour first gold at around this time next year, the company says.Better than anticipated ground conditions, less water than expected and higher productivity of project contractors, have enabled Lundin...Read More
Two analysts are recommending to buy KPTI after yesterday's dropYesterday, Karyopharm Therapeutics Inc (NASDAQ:KPTI) closed down 3.1% following the company's third-quarter results. However, not everyone's throwing in the towel on KPTI. In fact, Wedbush just moved in and upgraded the shares to "outperform" from "neutral" based on its belief that the shares are at an "attractive entry point." And th...Read More
NEW YORK (Reuters) - U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.Amidst overall strong quarterly results, climbing labor costs are a growing concern, with more than a dozen companies mentioning them in conference calls so far this earnings season.That is up fro...Read More
BRUSSELS (Reuters) - Japanese drugmaker Takeda Pharmaceutical (4502.T) is set to win conditional EU antitrust approval for its $62-billion bid for London’s Shire, the biggest ever overseas acquisition by a Japanese company, two people familiar with the matter said on Friday.Last month, Takeda offered to divest Shire Plc’s pipeline compound SHP647 along with some associated rights after...Read More
Published 11 Hours AgoUpdated11 Hours AgoThe Associated Press show chapters Producer price index up 0.6% in October 9 Hours Ago |04:49 U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals.The Labor Department said Friday that the producer price index - which measures price increases before they reach the consumer...Read More
Bullish traders can purchase long puts to hedge a stock positionDuring times of market volatility, even the most bullish of traders may become nervous about a stock's health. What's more, earnings season can leave stocks vulnerable to major downside moves. A "vanilla" option trader may buy puts to bet bearishly during these periods. Long puts, however, can also be purchasedas a sort of insurance p...Read More
WASHINGTON (Reuters) - White House adviser Peter Navarro on Friday sharply criticized efforts by current and former Wall Street executives to urge the United States and China to resolve their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal.“When these unpaid foreign agents engage in this kind of diplomacy, s...Read More
TAMPA, Fla. (Reuters) - Florida’s bitter races for the U.S. Senate and governor appeared headed to recounts on Friday as Republican margins of victory narrowed and President Donald Trump vowed to send in lawyers in a scene reminiscent of the state’s dramatic 2000 presidential recount.With his lead dwindling in Florida’s Senate race, Republican Governor Rick Scott filed lawsuits l...Read More
SBH could reach another fresh annual high before the end of the yearAnother specialty retailer to keep an eye on during the upcoming holiday season is Sally Beauty Holdings, Inc. (NYSE:SBH), which made the top spot on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 25 best retail stocks to own before Black Friday. Below, we will dive into why history says its a good time to hop...Read More
NEW YORK (Reuters) - Oil prices fell more than one percent on Friday, with U.S. crude on track for its longest losing streak since 1984 as global supply increased and investors worried about the impact of lower economic growth and trade disputes on fuel demand.Benchmark Brent crude LCOc1 fell below $70 a barrel for the first time since early April, and was down nearly 20 percent since reaching fou...Read More
BEIJING (Reuters) - China’s automobile sales fell 11.7 percent in October, bringing the world’s biggest car market closer to an annual contraction not seen since at least 1990.Data from the country’s top auto industry association released on Friday showed 10-month cumulative sales falling, amid broader slowing economic growth and a biting trade war between China and the United St...Read More
The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans' massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October's brutal plunge proved. Such extreme revenue and earnings growth cannot persist, and valuations remain in dangerous bubbl...Read More
NFLX has struggled to recover from a rough OctoberThe shares of Netflix, Inc. (NASDAQ:NFLX) are down 3% to trade at $309.33 amid a flurry of headlines. First, Walt Disney (DIS) unveiled the details of its service that will be a direct competitor to Netflix. Plus, Nintendo said its Wii device won't be supporting the Netflix app next year. And to top it all off, the FAANG name is being sued by the...Read More
WASHINGTON (Reuters) - A federal appeals court that is weighing a legal challenge to Special Counsel Robert Mueller’s authority said Friday it wanted to know whether the sudden ouster of Attorney General Jeff Sessions could impact or change the outcome of how it should rule.The court’s order directed each party in the case to file briefs by Nov. 19 outlining, “what, if any effect...Read More
December crude futures briefly breached the $60-per-barrel mark earlierThe Dow Jones Industrial Average (DJI) is cutting into its impressive weekly gain today, as traders digest this morning's inflation data. Wall Street is also watching as oil prices sink further into bear market territory, with December-dated crude futures down 0.8% at $60.19 per barrel -- on track for their 10th straight declin...Read More
NEW YORK (Reuters) - General Electric Co (GE.N) said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.“GE is a fundamentally strong company with a sound liquidity position,” GE spokeswoman Jennifer Erickson said in a statement. “We are taking aggressive action to strengthen our balance sheet...Read More
(Kitco News) - Gold prices are trading solidly down and at a four-week low inlate-morning action Friday. Early losses have been extended on technicalselling pressure, including sell stop orders being triggered when key chartsupport levels were breached. Bearish "outside markets" today thatinclude a higher U.S. dollar index and lower crude oil prices are pressuringthe precious metals mar...Read More
NEW YORK (Reuters) - U.S. economy is growing at a 2.69 percent pace in the fourth quarter following this week's data on producer prices and job openings, the New York Federal Reserve's Nowcast model showed on Friday.This was faster than the 2.61 percent rate calculated by N.Y. Fed's program a week ago.Reporting by Richard Leong Disclaimer: The views expressed in this article are those of the auth...Read More