Mr. Mark Kolebaba reportsADAMERA COMPLETES FIRST DRILL HOLE AT LAMEFOOT SOUTH - DRILL MOVES TO OVERSIGHT PROSPECT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp. has completed the first drill hole, LFS18-01, on the Lamefoot South property in Washington. The drill hole was sited 280 metres south of the Lamefoot gold mine. Assays are pending. Drill hole LFS18-01 encountered zones with int...Read More
WASHINGTON (Reuters) - U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September.The strong jobs market is gradually putting upward pressure on compensation, with other data on Wednesday showing a solid increase in labor costs in the third quar...Read More
(Reuters) - U.S. stocks rose for a second day on Wednesday, as investors snapped up technology favorites and strong results for General Motors and a host of others lifted spirits at the end of a torrid month for global equities.Shares of Facebook Inc (FB.O) jumped 2.7 percent after the social media giant said margins would stop shrinking after 2019 as costs from scandals ease.The S&P communica...Read More
LONDON (Reuters) - British Prime Minister Theresa May on Wednesday backed a U.S. call for a cessation of hostilities in the Yemen war, a conflict that has killed at least 10,000 people and brought on the world’s worst humanitarian crisis.Yemen’s plight and the role of Saudi Arabia in the war have taken center stage after the killing of Saudi journalist Jamal Khashoggi at its embassy in...Read More
PARIS (Reuters) - European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned that reaching it would be a “greater stretch” after a sequence of industrial problems.The cautious tone on deliveries - which implied a 2 percent cut in the annual target by changing its parameters to include a recently acquired Canadian jet - came despite higher than expecte...Read More
The shares are set for their biggest monthly loss in almost 10 yearsIt's been a brutal month for Amazon.com, Inc. (NASDAQ:AMZN), with the FAANG stock set to close out October with a 20% loss, its biggest monthly drop since November 2008. The swift decline took a notable slice out of Amazon's market cap -- which topped $1 trillion for the first time in early September, but closed last night at $748...Read More
Mr. N. Eric Fier reportsSILVERCREST ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND PROVIDES PROJECT UPDATESilvercrest Metals Inc. has appointed Hannes Portmann to the board of directors, replacing George Sanders, who is retiring from the board. Silvercrest is also pleased to provide a brief update of continuing activities at the Las Chispas project.Mr. Portmann is a mining executive with significant...Read More
Editorial credit: Andriy Blokhin / Shutterstock.com(Kitco News) - Global central bank interest in gold is growing and has roomto grow according to one former senior executive at the New York FederalReserve.That growing sentiment could be felt during the LondonBullion Market Association’s 2018 precious metals conference, which includedmore than 30 delegates from central banks around the world...Read More
Facebook and General Motors are big earnings winners todayStocks are pushing higher once more, with the Dow Jones Industrial Average (DJI) up 389 points earlier in the session. The blue-chip benchmark is making a frenetic push to trim its steep October losses, but is still heading toward its worst month since January 2016. The S&P 500 (SPX) and Nasdaq Composite (IXIC) are vaulting higher tod...Read More
NEW YORK (Reuters) - The dollar edged up to a fresh 16-month high against a basket of key currencies on Wednesday on the back of continued U.S. economic strength, putting the greenback on pace for a seventh straight month of gains.Against a basket of its rivals, the dollar, was up 0.13 percent at 97.12, its highest level since June 2017.“If you look at the G10 as well as some of the emerging...Read More
The stock is one of the best to own in November, historicallyThe shares of FedEx Corporation (NYSE:FDX) have given up more than 8% in October, retreating in step with the broader stock market. However, the shipping stock is on the mend today -- and it could be the start of a longer rebound for FDX, if past is prologue.FedEx stock was last seen 2.2% higher at $221.38, attempting to topple its 20-da...Read More
WASHINGTON (Reuters) - The Pentagon has identified about 7,000 troops that could be deployed to the border with Mexico if needed, a U.S. official told Reuters on Wednesday.The official, speaking on condition of anonymity, said the number was an initial estimate and could change.“The total number of troops deployed will change each day as military forces flow into the operating area, but init...Read More
Reuters) - Yum Brands Inc (YUM.N) beat Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up as much as 5 percent.Competition between big U.S. fast food chains has intensified as Yum, McDonald’s Corp (MCD.N) and Domino’s Pizza Inc (DPZ.N) try to lure cash c...Read More
WASHINGTON (Reuters) - The U.S. Federal Reserve unveiled a proposal on Wednesday that would ease regulations for banks with less than $700 billion in assets.PNC Financial Corp (PNC.N), Capital One Financial Corp (COF.N), Charles Schwab (SCHW.N), and U.S. Bancorp (USB.N) would enjoy reduced liquidity and compliance requirements under the proposal, which the Fed board is set to vote on Wednesday mor...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More
HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More
Pullbacks to key trendlines have been bullish for the stocks in the pastIt's been a pretty brutal October all around, with the S&P 500 staring at its worst monthly loss since 2010. However, a pair of healthcare stocks are flashing buy signals after their recent pullbacks -- and just ahead of earnings next week: Viking Therapeutics Inc (NASDAQ:VKTX) and Bausch Health Companies Inc (NYSE:BHC) (forme...Read More
Options bears have been loading up on puts ahead of GPRO's third-quarter resultsMobile camera firm GoPro Inc (NASDAQ:GPRO) is set to report third-quarter earnings after the market closes this Thursday, Nov. 1. Ahead of the event, analysts are expecting GPRO to report a loss of 6 cents per share on $272.3 million in revenue -- down from its year-ago profit of 15 cents per share on $329.8 million in...Read More
NEW YORK (Reuters) - U.S. consumers filed fewer loan applications to buy and refinance homes, while home borrowing costs were mixed with 30-year mortgage rates unchanged on the week, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted index on mortgage requests fell 2.5 percent to 329.5 in the week ended Oct. 26. It hit 322.1 two week...Read More
BEIJING (Reuters) - China’s manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.Anxiety about China’s cooling growth and its likely drag on the global economy have vexed financial markets recently, and Wednesday&rsq...Read More