Michael Sheetz| @thesheetztweetzPublished 6 Hours AgoUpdated4 Hours AgoCNBC.com show chapters Kovacevich: Market will react negatively if Fed doesn't hike rates in December 4 Hours Ago |05:28 This is a comparison of Thursday's FOMC statement with the one issued after the Fed's previous policymaking meeting on September 26.Text removed from the September statement is in red...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More
Ignoring select Vanguard funds can help investors make 226% more than the average Vanguard investor.With more than 180 funds to choose from, most every Vanguard investor needs advice on which funds are best for them to own. Trouble is...Vanguard tells investors to buy funds no one should own, while hiding some of their strongest funds.Wealthy investors are some of the most demanding people out the...Read More
This afternoon the Federal Reserve concluded this month's Federal Open Market Committee (FOMC) meeting. Immediately following the conclusion of today's meeting, the Fed released a statement. There was no press conference held after the meeting. However, Chairman Powell has stated that next year every meeting will conclude with a press conference. "The labor market has continued to strengthen and...Read More
BloombergFed Chairman Jerome Powell The Federal Reserve on Thursday held interest rates steady while signaling that it will stay the course and move rates up at a gradual pace in coming months. As expected, the Fed kept its benchmark target for rates unchanged in a 2% to 2.25% range. In November, the central bankers left the core of its prior, upbeat, policy statement unchanged. With jobs gains "...Read More
Oil prices fell for a ninth straight dayAfter Wednesday's post-midterms rally, U.S. stocks took a breather today. The Federal Open Market Committee (FOMC) surprised no one by standing pat on interest rates, and said it "expects further gradual increases" to rates. Energy stocks, in particular, took a beating, as oil prices fell into bear market territory -- down 20% from their October high -- and...Read More
NEW YORK (Reuters) - For years, U.S. military veterans were more likely than other Americans to be self employed. But that trend has reversed over the last generation and on Thursday a report by the Federal Reserve suggested one reason is that they are less likely to get the financing they need.The report’s authors said the data for the first time provided “substantial evidence”...Read More
(Reuters) - Democrats have gained a net 32 seats in the U.S. House of Representatives after elections on Tuesday, with only seven races still undecided, according to the latest projections by media outlets and data provider DDHQ.The Democratic Party needed to pick up only 23 seats to wrest control of the chamber from the Republican Party.Following is the latest tally of seats that will change part...Read More
(Kitco News)- October’s equity correction, the biggest drop since the 2008financial crisis, wasn’t enough to derail the Federal Reserve’s plan togradually raise interest rates.As expected, the Federal Reserve left interest ratesunchanged following Thursday’s monetary policy meeting; however, manyeconomists noted that the central bank did not mention at all October’s e...Read More
(Kitco News) - Silver is looking to outperform gold for the rest of the year, according to one gold bull, who is seeing strength in the precious metal that has struggled this year.“With gold/silver ratio close to its all-time high, silver is poised to surprise, to the upside, most investors into year-end,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alp...Read More
(Reuters) - High-profile U.S. electoral races in Georgia, Florida and Arizona remained unresolved on Thursday, two days after the vote, with the prospect of legal challenges, recounts and ballot reviews setting the stage for possible weeks of uncertainty.In Georgia, where Republican Brian Kemp declared victory in the governor’s contest on Wednesday on a narrow lead, campaign officials for De...Read More
OTTAWA (Reuters) - Canada is pushing back against U.S. attempts to change the text of their September trade pact and the issue may have to be referred to ministers to settle, a Canadian source with direct knowledge of the matter said on Thursday.“Some of the stuff they (the Americans) have been putting forward is not at all what we agreed to,” said the source, who requested anonymity g...Read More
X-Terra Resources (TSXV: XTT) today announced, in connection with NBGold Inc., the acquisition by way of an option of a 100% ownership interest in 34 mining claims comprising four mining properties in New Brunswick, Canada.The company says is has completed due diligence on the acquisition of the properties and the initial submission has been filed with the Exchange. X-Terra has commissioned the pr...Read More
Fed Chair Jerome Powell will speak on WednesdayFollowing a hectic run of Election Day results and a Fed meeting, the economic calendar next week doesn't take much of a breather. There is plenty on tap to whet investors' appetites, including more remarks from Fed Chair Jerome Powell, additional speeches from Fed presidents, and a full earnings slate. Several notables are poised to step into the ear...Read More
LONDON (Reuters) - Media reports suggesting that Britain could seal a divorce deal with the European Union in the next few days should be taken “with a very large pinch of salt”, a senior UK government source told the Press Association on Thursday.Both sides have indicated that they are nearing a deal in recent days but a government source told Reuters earlier on Thursday that Prime Mi...Read More
The shares of the Amazon rival hit a record high earlierThe U.S. stock market has made a decisive turn lower after the Fed reiterated its plan for gradual rate hikes in today's policy statement, but cautioned over slowing business investment. Among individual names making big moves are online retailer Etsy Inc (NASDAQ:ETSY), gene therapy specialist Voyager Therapeutics Inc (NASDAQ:VYGR), and telec...Read More
Mr. Glen Williams reportsSPROTT INC. DECLARES THIRD QUARTER 2018 DIVIDEND Sprott Inc. has declared an eligible dividend of three cents per common share for the quarter ended Sept. 30, 2018, payable on Dec. 4, 2018, to shareholders of record at the close of business on Nov. 19, 2018. About SprottInc. Sprott is an alternative asset manager and a global leader in precious metal and real asset investm...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.8 MILLION PRIVATE PLACEMENT Bonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,817,100.Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included PI Financial Corp., Red Cloud Klondike Strike Inc., Canaccord Genuity Corp. and Haywood...Read More
The SPX just did something we haven't seen in two yearsThe S&P 500 Index (SPX) jumped back above its 200-day moving average on Wednesday, after spending more than two weeks below this closely watched trendline. It marked the index's longest stretch below the moving average since the first quarter of 2016. However, what really piqued our interest was last week's SPX surge while trading beneath the...Read More
Gold prices suffered a fourth loss in five sessions on Thursday, then struggled for direction in electronic trading with the U.S. dollar extending earlier gains as the latest policy update from the Federal Reserve yielded no surprises. The U.S. central bank held interest rates steady, in a 2% to 2.25% range and signaled that it will stay the course and move rates up at a gradual pace in coming mo...Read More