(Reuters) - Bain Capital and CVC Capital Partners are among the private equity firms competing to acquire Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, people familiar with the matter said on Tuesday.The buyout interest in Papa John’s comes amid a battle for control with its founder John Schnatter, who owns about 30 percent of the compa...Read More
BOSTON - (Kitco News)- While there is no clear consensus on where gold isgoing in the near term, the one thing most participants at the LBMA 2018 preciousmetals conference can agree on that nobody is paying much attention to thespace. “Gold is almost absent in traditional assetmanagement,” said David Seif, director and economist at Point72, in a paneldiscussion at the conference Monday...Read More
The International Council on Mining and Metals (ICMM) and leading suppliers have announced an ambitious plan to make mining vehicles cleaner and safer during the International Mining and Resources Conference (IMARC) in Melbourne, Australia.Following two innovation summits between ICMM members and suppliers, a governance model for collaboration has been designed and working groups have been estab...Read More
LISBON (Reuters) - Portugal’s parliament approved the Socialist government’s 2019 budget bill on Tuesday, setting the scene to nearly eliminate the deficit amid projected healthy economic growth and with more income for families.Portugal, which only emerged from a debt crisis in 2014, has managed to combine fiscal discipline with policies to support strong growth under the center-left...Read More
One investor guru thinks this may be the next big play to make in gold.The world's wealthiest investors always grab the headlines...Especially with a track record that's off the charts, producing explosive gains like this:$1.29 to $23.86, where $10,000 grew to over $184,000!Or how about his record-breaking score last month, 9 cents Canadian to C$1.18 in about 2 weeks, turning $10,000 into over $1...Read More
LONDON, ON. - Fortune Minerals reports that the governments of Canada and the Northwest Territories have accepted the environmental assessment approval for the modified Tlicho all-season road. The modifications were developed with the Tlicho government through a consultation process managed by the Mackenzie Valley Environmental Impact Review Board. The Tlicho government also approved the board...Read More
NEW YORK (Reuters) - The dollar held on to modest gains near a 2 1/2-month high against a basket of major currencies on Tuesday, supported by worries about an escalation of the Sino-U.S. trade war and more signs the United States economy is outperforming its peers.The dollar index, which measures the greenback against six major currencies, was 0.25 percent higher at 96.823. Earlier in the session,...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel has said she will not seek re-election as leader of the center-right Christian Democrats (CDU) at a congress in December. Merkel, 64, also ruled out running for a fifth term as chancellor in 2021.Several CDU politicians have announced bids to succeed Merkel as party leader. Here are some facts about the candidates who could step into her shoes:THE...Read More
Declining short interest and heavy put open interest could create tailwinds for the stock Blue-chip pharmacy name Walgreens Boots Alliance Inc. (NASDAQ:WBA) has surged 29% off its late-June lows, and recently topped out north of $78 -- marking its highest point since January.A pullback from this area last week was cushioned by the shares' 20-day moving average, as well as their year-to-date breake...Read More
* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds detail on S&P statement, updates prices)LONDON, Oct 30 (Reuters) - Sterling sank against the dollar and euro on Tuesday as concern about Britain’s departure from the European Union led investors to largely ignore hopes of an end to austerity raised by finance...Read More
(Reuters) - Mastercard’s (MA.N) shares reversed course to fall sharply in afternoon trading on Tuesday as investors worried the company’s third-quarter revenue growth was largely being driven by rebates and incentives and not by transaction volumes.The payments processor said its revenue rose 14.7 percent to $3.90 billion in the quarter, out of which rebates and incentives accounted fo...Read More
WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan said on Tuesday that it was not possible to end birthright citizenship with an executive order, after President Donald Trump said he was considering such a move, the Washington Post reported.“You cannot end birthright citizenship with an executive order,” Ryan, the top Republican in Congress, said in an interview with radio station WV...Read More
WASHINGTON (Reuters) - Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.”But if he means new U.S. defense jobs, an internal document seen by Reuters from Lockheed Martin (LMT.N) forecasts fewer than 1,000 positions would be created by the defense contractor, which coul...Read More
Wedbush thinks Take-Two stock can keep the momentum goingStocks are rallying higher today thanks to upbeat corporate earnings, with shares of Nike (NKE) and Coca-Cola (KO) leading the charge. Three names making notable moves on Wall Street are "Grand Theft Auto" maker Take-Two Interactive Software, Inc. (NASDAQ:TTWO), hospice provider Amedisys Inc (NASDAQ:AMED), and engineering software specialist...Read More
BOSTON - (Kitco News)- The Nov. 6 mid-term elections could have a direct impacton the physical bullion market, according to the head of Perth Mint.Richard Hayes, CEO of Perth MintRichard Hayes, CEO of the Australian mint, told Kitco News on thesidelines of the London Bullion Market Association’s 2018 precious metalsconference that if Democrats regain control of Congress next week he wouldexp...Read More
GE options volume is pacing toward a new annual highThe shares of General Electric Company (NYSE:GE) are getting blasted today, after the industrial giant reported a third-quarter profit of 14 cents per share, which excluded a $631 million loss in its ailing power business and came in below the consensus estimate for adjusted per-share earnings of 20 cents. The company also cut its dividend to 1 c...Read More
LONDON (Reuters) - A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard & Poor's said on Tuesday.FILE PHOTO: A man tries on a Union Jack-themed jacket at a souvenir stall in London, Aug 22, 2018. REUTERS/Peter Nicholls/File PhotoTalks on B...Read More
LONDON (Reuters) - European shares ended a choppy session lower on Tuesday, failing to benefit from a positive open on Wall Street as they buckled under the weight of disappointing earnings and data showing the euro zone economy grew less than expected in the third quarter.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 18, 2018. REUTERS/St...Read More
(Reuters) - A bounce back in trade-sensitive chipmakers pushed U.S. stocks higher on Tuesday, after Washington cut off a Chinese semiconductor maker from its U.S. suppliers.The Commerce Department slapped the restriction on Fujian Jinhua Integrated Circuit Co Ltd amid allegations the firm stole intellectual property from Micron Technology Inc and on concerns the firm could flood the market with ch...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More