The company is scheduled to report earnings next weekUrogen Pharma Ltd (NASDAQ:URGN) is trading up 4.5% at $48.49, after Jefferies boosted its price target on the urology expert to $77 -- territory never before explored, and nearly 60% above current levels. URGN shares traded as high as $69.57 back in late May, and has struggled to regain the momentum it had early in the year. Of course, the secur...Read More
NEW YORK (Reuters) - The U.S. dollar pulled out of its post-election slump, rising modestly on Thursday morning ahead of a Federal Reserve policy meeting at which it is widely expected to hold interest rates steady.Against a basket of six rival currencies, the dollar index was up 0.15 percent from late Wednesday .DXY. The index had fallen in the wake of the U.S. midterm elections, which split powe...Read More
Gold has lost support from the safety bid with stocks in rally mode.However, it's benefiting from rising demand among currency holders.The net result of this will likely be a sideways move in November.Gold investors were evidently feeling ambivalent in the wake of the U.S. midterm elections. While the stock prices soared on Wednesday, gold prices were essentially unchanged. As we'll discuss in...Read More
BRUSSELS (Reuters) - The European Union wants Britain to stick to the bloc’s rules on state aid, environment and workers’ rights after Brexit to prevent it from gaining unfair access to the single market, diplomatic sources and officials told Reuters.The EU sees this as key to ensuring a “level playing field” should the so-called Irish border backstop kick in after Brexit,...Read More
BRUSSELS (Reuters) - Italy and the Isle of Man found themselves in the European Commission’s crosshairs on Thursday as the EU executive took steps to force them to scrap illegal tax breaks for yachts and private jets or face court action.The EU executive said incorrect value added taxes levied by Italy and the Isle of Man breached common tax rules and distorted competition.The Commission sai...Read More
(Kitco News) - Merger-and-acquisition activityin the mining sector is likely to pick up in the next year, said theconsultancy EY in a report Thursday.The firm’s 19th Capital ConfidenceBarometer shows that 58% of global mining executives say they intend to pursuemergers and acquisitions in the next 12 months, compared with 46% across allsectors.Third-quarter deal value rose 25%from the prior...Read More
(Reuters) - U.S. President Donald Trump’s decision on Wednesday to oust Attorney General Jeff Sessions and replace him with a noted critic of Special Counsel Robert Mueller raised immediate fears among Democrats about the future of Mueller’s investigation of Russian interference in the 2016 election.Trump appointed Matthew Whitaker, formerly Sessions’ chief of staff, as acting at...Read More
The stock is on pace for another brutal November The shares of Wynn Resorts Ltd. (NASDAQ:WYNN) are getting destroyed this morning, after the casino concern reported disappointing third-quarter earnings. In addition, CEO Matthew Maddox said the company has seen a "slowdown" after Golden Week in Macau. At last check, WYNN stock was down 14.3% to trade at $97.72.Since the stock's May highs north of $...Read More
SQ has still more than doubled in 2018, thoughThe shares of Square Inc (NYSE:SQ) are down 8.1% to trade at $75.94 this morning, after the payments company's third-quarter earnings report yielded mixed results. While earnings and revenue exceeded expectations, Square's fourth-quarter profit estimates came in well below Wall Street estimates, prompting concerns about the stock's valuation.A host o...Read More
(Reuters) - Coca-Cola Co (KO.N) said on Thursday it plans to launch two energy drinks under its namesake brand, its latest move to diversify away from sugary sodas.Coca-Cola, in an emailed statement, declined to provide a timeline for the launch of the drinks, to be named “Coca-Cola Energy” and “Coca-Cola Energy No Sugar.”The beverages would likely have caffeine from natur...Read More
LONDON (Reuters) - Oil edged lower on Thursday, surrendering early gains, as investors focused on the pace of growth in global crude supply, which is increasing more quickly than many had expected.Chinese data earlier in the day that showed record oil imports in October offered some temporary respite to bearishness that has developed in the past couple of weeks over the expected crude market balan...Read More
WASHINGTON, Nov 8 (Reuters) - New applications for U.S. unemployment fell slightly last week and the number of Americans receiving benefits remained at a 45-year low as strong labor market conditions continued.Initial claims for state unemployment benefits dropped by 1,000 to a seasonally adjusted 214,000 for the week ended Nov. 3, the Labor Department said on Thursday. Data for the prior week was...Read More
(Reuters) - Tesla Inc (TSLA.O) has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman.The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who worry that his erratic behavior is u...Read More
The chip stock recently suffered a steep selloffShares of Nvidia Corporation (NASDAQ:NVDA) are notably lower in early trading, after early this morning Morgan Stanley slashed its price target to $260 from $273. This bear note comes just ahead of the chip stock's third-quarter earnings report, which is scheduled for after the market closes, next Thursday, Nov. 15. In response, NVDA is down 2.7% at...Read More
Gold spot ($) Target 1218.50. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1229.00 Our preference Short positions below 1229.00 with targets at 1223.00 & 1218.50 in extension. Alternative scenario Above 1229.00 look for further upside with 1233.00 & 1236.50 as targets. Comment A break below 1223.00 would trigger a drop tow...Read More
No fewer than 10 brokerages have doled out bull notes on CYBR overnightThe shares of CyberArk Software Ltd (NASDAQ:CYBR) are up 10.2% this morning to trade at $78.31 -- fresh off a new record high of $84.21 -- after the cybersecurity firm reported adjusted third-quarter earnings of 48 cents per share on $84.7 million in revenue, more than analysts were expecting. CyberArk Software also raised its...Read More
ROME (Reuters) - Italian Economy Minister Giovanni Tria on Thursday condemned latest European Commission economic forecasts for Italy, which were worse than Rome’s own data, saying the EU analysis was wrong and limited.“The European Commission’s forecasts for the Italian deficit are in sharp contrast to those of the Italian government and derive from an inaccurate and incomplete...Read More
Business partner Coca-Cola is actually putting pressure on MNST stockMonster Beverage Corp (NASDAQ:MNST) is trading down 10.4% in pre-market activity, even though the company reported better-than-expected earnings for the third quarter. Traders could be reacting to weak margins for the period, on top of surprising news about business partner Coca-Cola (KO), which sparked a downgrade from Morgan St...Read More
The Dow and S&P 500 are set to snap a three-day winning streakFutures on the Dow Jones Industrial Average (DJI) are signaling a lower open, with the index on track to snap a three-day winning streak. Investor attention now shifts away from the midterm elections and toward the Fed meeting, set to conclude at 2 p.m. ET today. While no monetary policy changes are expected, traders are likely to read...Read More
Mr. Michael Williams reportsVENDETTA REPORTS FINAL RESULTS FROM 2018 PEGMONT LEAD-ZINC PROJECT PROGRAM WITH HIGH GRADE INTERSECTIONS IN NEW ZONE 3 STRUCTUREVendetta Mining Corp. has provided the last batch of drill results from the 2018 resource development program on the Pegmont lead-zinc project in Queensland.New zone 3 structure pit highlights:PVRD170: 6.00 metres of 11.43 per cent lead plus zi...Read More