Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.04% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More
QRVO became the latest Apple supplier to issue a tepid outlook Qorvo Inc (NASDAQ:QRVO) is the latest Apple supplier to slash its third-quarter forecast for profit and revenue, resulting in a price-target cut to $75 from $80 at Cowen earlier today. But while QRVO earlier fell to an annual low of $61, it was last seen slightly higher at $63.75, and activity in the options pits today points to a bul...Read More
(Reuters) - The United States economy could add as many as 5 million workers to its labor force by improving conditions for women workers, including offering better parental leave, a paper published by the San Francisco Federal Reserve Bank on Tuesday found.Worker shortages have become an increasing concern for U.S. companies now that unemployment has fallen to 3.7 percent, and part of the problem...Read More
BRASILIA (Reuters) - Brazil's far-right President-elect Jair Bolsonaro is likely to skip the G20 diplomatic summit in Argentina at the end of the month due to his poor health, he told journalists on Tuesday.Bolsonaro, who nearly died from a stab wound received on the campaign trail, also confirmed that diplomat Luis Fernando Serra is one of the names being considered to run the Foreign Ministry. S...Read More
(Reuters) - An associate of Roger Stone, a longtime ally of U.S. President Donald Trump, said he was told by the U.S. special counsel probing Russian meddling in the 2016 presidential election that he would be contacted this week about a possible plea deal.Jerome Corsi, a right-wing commentator who has promoted political conspiracy theories, told Reuters on Tuesday that his lawyer was told by the...Read More
LONDON (Reuters) - The European Union and Britain have agreed a draft text of a Brexit withdrawal agreement and Prime Minister Theresa May will present it to her senior ministers on Wednesday.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 parliament.“Cabinet will meet at 2 p.m. tomorro...Read More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
The Dow stock could hit record highs again soon, if past is prologueStaying with the theme of stocks to keep an eye on ahead of the holidays, today we are zeroing in on blue chip UnitedHealth Group Inc (NYSE:UNH). UNH landed a spot on Schaeffer's Senior Quantitative Analyst Rocky White's list of 25 stocks to buy before Thanksgiving, and is one of just two Dow names to make the cut. Below, we wil...Read More
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