WASHINGTON (Reuters) - The United States on Friday said it was extending the deadline for the divestiture of holdings of sanctioned Russian companies EN+ <ENPLq.L >, Rusal (0486.HK) and Gaz PAO (GAZA.MM) until Jan. 7, 2019.The move extends licenses relating to the sanctioned firms to authorize activities needed to wind down operations or existing contracts as well as licenses to authorize tr...Read More
Gold and silver prices dropped Friday, prompting the yellow metal to suffer a 2% weekly loss, nicked by a firmer dollar that has been bolstered by the Federal Reserve's adherence to an interest rate-tightening cycle. Sharp losses for stocks for the session, which are partly tracking the plunge into a bear market for oil, failed to limit gold's downside even as a so-called risk-off sentiment contr...Read More
WASHINGTON (Reuters) - The United States on Friday urged China to halt its militarization of the disputed South China Sea, drawing a rebuke from Beijing for sending U.S. warships and planes close to islands claimed by China in the strategic waterway.During a round of high-level talks in Washington, the two sides aired many of their main geopolitical differences, including a bitter trade dispute, f...Read More
Trump called the Keystone ruling 'a disgrace'The U.S. stock market is lower today, as oil prices head for a 10th straight loss. Among individual names making big moves are oil-and-gas issue Canadian Natural Resources Ltd (NYSE:CNQ), bobblehead maker Funko Inc (NASDAQ:FNKO), and money transfer provider MoneyGram International Inc (NASDAQ:MGI). Here's a quick roundup of what's moving shares of CNQ,...Read More
The major indexes pared gains as oil prices plummetedBlue chips showed strength this week, with an earnings-induced bull gap for big-cap energy name Chevron (CVX) getting the bullish ball rolling on Monday. Wall Street's positive reaction to midterm election results in the U.S. only created bigger tailwinds, with the insurance sector seeing notable gains after several states voted to expand Medica...Read More
• The precious metal extended its bearish slide for the sixth consecutive session and dropped to near one-month lows after hotter than expected US PPI figures. • On the daily chart, the commodity has struggled to sustain above $1235 horizontal zone on closing basis, forming a bearish double-top chart pattern. • Sustained...Read More
Exchange-traded funds backed by gold increased their holdings by $1 billion in October, marking a possibly bullish shift in investor sentiment toward the precious metal. The ETFs hold physical gold assets, which are equivalent to the fund's asset value. Investors in the funds don't own gold directly and thus save on storage costs. The ETFs are constantly buying and selling gold as investors purcha...Read More
(Kitco News)- Goldhas given up its October gains and analysts say that it will be difficult forthe yellow metal to rally as oil prices fall into bear-market territory,according to some commodity analysts.We’reonly in the first week, but November is proving to be a disappointing month forgold as the yellow metal trades near a four-week low. December gold futures last traded at $1,208.60 an ou...Read More
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