Gold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis. Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal. Metals investors who want to hold the most concentr...Read More
Traders and market participants are quietly waiting to hear results from today's midterm elections. In possibly one of the most important midterm elections held in recent history, the net results could have a profound impact. This election will determine whether or not the current administration and the Republican-led House and Senate will continue to have total control resulting in the ability to...Read More
There were broad gains throughout the tech sectorU.S. stocks managed gains today, as Wall Street kept a close eye on the start of U.S. midterm elections. Powered by a rally in IBM shares, it was a steady climb higher for the Dow, with the index rallying into the close to grab a second straight win. The Nasdaq and S&P 500 also had solid sessions, thanks mostly to broad strength out of the tech sect...Read More
NEW YORK (Reuters) - Stock markets edged up on Tuesday, with trading thin in the United States, while the dollar and Treasury yields held steady as Americans went to the polls in pivotal midterm elections that could shift the balance of power in Congress.MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.12 percent.The elections mark the first major test of President Donald Trump...Read More
(Reuters) - A U.S. federal judge ruled on Tuesday that chip seller Qualcomm Inc (QCOM.O) must license some of its technology to competitors such as Intel Corp (INTC.O).The preliminary ruling came in an antitrust lawsuit against Qualcomm brought by the U.S. Federal Trade Commission in early 2017 and that is scheduled to go to trial next year.The preliminary ruling by Judge Lucy Koh in the U.S. Dist...Read More
(Reuters) - American International Group Inc (AIG.N) is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing.Validus Holdings Ltd, a Bermuda-based reinsurer that AIG acquired for $5.56 billion in July, is winding down insurance coverage it prov...Read More
NEW YORK (Reuters) - The dollar was essentially unchanged on Tuesday as Americans headed to the polls, its moves limited by investor caution about the U.S. midterm elections and any fallout for the world’s largest economy.The greenback has outperformed most major currencies this year, benefiting from the robust U.S. economy and rising interest rates. Investors are focused on whether congress...Read More
(Reuters) - Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America.Dallas, Long Island City in New York and Arlington near Washington, D.C. are all among the finalists with which Amazon is holding advanced talks, one of...Read More
(Kitco News)-Investors appear to be the clear winners in the ongoing fee waramong gold-backed exchange traded funds.This past month has been a milestone for two low-cost gold-backETFs. Last month, after celebrating its one-year anniversary, GraniteSharessaid its ETF (NYSE: BAR) has seen its assets under management surpass $350million.The ETF offers the lowest cost investment product in the goldmar...Read More
Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans – is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated i...Read More
Seequent, a developer of visual data science software and IMDEX, specializing in subsurface intelligence solutions, today announced an partnership to deliver a real-time 3D visualisation solution for the mining and exploration industry, aimed to improve the speed and accuracy of decision-making for drilling projects.Seequent and IMDEX are collaborating to integrate IMDEX HUB-IQ, which provides...Read More
WASHINGTON/ATLANTA (Reuters) - Problems with voting machines were preventing some Americans from casting ballots in a dozen states in Tuesday’s congressional elections, U.S. rights advocates said, following complaints about registration problems, faulty equipment and intimidation they have received throughout early balloting.Democrats and advocacy groups said they have been grappling with a...Read More
LONDON (Reuters) - Britain wants a Brexit agreement by the end of November and Prime Minister Theresa May would give a speech on Nov. 19 saying she had delivered on the referendum with a deal which brings the country back together, the BBC reported on Tuesday.However, a spokesman at May’s Downing Street office dismissed the report which outlines a detailed timetable in which the BBC cited a...Read More
Job openings edged lower in September to just over 7 million from a record 7.3 million the previous month.Vacancies remain well above the total level of 6.08 million workers counted as unemployed, according to the Labor Department's JOLTS survey.Jeff Cox| @JeffCoxCNBCcomPublished 10 Hours AgoUpdated8 Hours AgoCNBC.com show chapters September JOLTS report 7 million job openings ...Read More
ANKARA (Reuters) - President Tayyip Erdogan said on Tuesday Turkey would not abide by the renewed U.S. sanctions on Iran’s oil and shipping industries, adding that they were aimed at “unbalancing the world”.The comments came a day after Washington reimposed sanctions on Iran, abandoning a 2015 deal between world powers and Iran over its nuclear program. The U.S. measures temporar...Read More
AMD stock is also rallying todayTech stocks are boosting the broader stock market on Election Day. Among individual names making notable moves are chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and cybersecurity names Symantec Corporation (NASDAQ:SYMC) and FireEye Inc (NASDAQ:FEYE). Here's a quick look at what's moving shares of AMD, SYMC, and FEYE.AMD Stock Pops on EPYC Processor AWS Availa...Read More
Cowen cheered Calix's recent earnings reportThe shares of Calix Inc (NYSE:CALX) are up 23.6% to trade at $9.25, near the top of the New York Stock Exchange (NYSE) today. Powering the surge is the company's better-than-expected third-quarter earnings release, which came through last evening. Also helping is an upgrade out of Cowen to "outperform" from "market perform" anda price-target hike to $14...Read More
After the Democrats took control of the House in 2006, the housing ETF rocketed higherMidterm elections are taking place across the U.S. today, as you're likely well aware. Last week, we took a broader look at the impact of these mid-cycle votes on stocks. This week, with expectations calling for the House of Representatives to shift from red to blue, we'll take a look at which sectors won and los...Read More
WASHINGTON (Reuters) - Americans voted on Tuesday to decide whether Donald Trump’s Republicans maintain their grip on the U.S. Congress, or if Democrats can slow the president’s agenda after a divisive campaign marked by clashes over race, immigration and trade.The first national elections since Trump captured the White House in a stunning 2016 upset is a referendum on the polarizing p...Read More
NEW YORK, Nov 6 (Reuters) - U.S. Treasury yields briefly pared their rise on Tuesday following solid demand for a record amount of 10-year government notes, the second leg of this week's $83 billion quarterly refunding.At 1:22 p.m. (1822 GMT), the yield on benchmark 10-year Treasury notes was 3.212 percent, up 1.3 basis points from late on Monday. (Reporting by Richard Leong; Editing by Chris Rees...Read More