TWLO has more than tripled in value in 2018, but just pulled back to supportCloud name Twilio Inc (NYSE:TWLO) is down 4.5% at $70.98 in afternoon trading, as options traders gear up for the company's third-quarter earnings report, which is slated to surface after the market closes this Tuesday, Nov. 6. Below we will take a look at what the options market has priced in for the stock's post-earning...Read More
NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) has appointed investment bankers David Dubner and Pete Michelsen to be co-heads of activism and shareholder advisory for the Americas, the bank said on Monday in a memo.The new roles come at a time when public companies have been seeking help to better defend themselves against so-called activist investors, who often demand corporate changes rang...Read More
NEW YORK (Reuters) - The board of Citigroup Inc (C.N) on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat.John C. Dugan, 63, a former bank regulator and former lawyer to the board who became a Citigroup director last year, will succeed Mike O’Neill on Jan. 1, the company said. O’Neill recently reached the board&...Read More
Michael Sheetz| @thesheetztweetz Published 10 Hours AgoUpdated9 Hours AgoCNBC.com show chapters ISM non-manufacturing index at 62.5 vs. 59.5 estimate 10 Hours Ago |00:41 U.S. services expanded in October more than anticipated as economic growth remained hot, according to a report Monday.The ISM non-manufacturing index registered 60.3 percent in October, above the 59.3 expected...Read More
All three names are on the short-sale restricted list today, thoughThe Dow is up triple digits, but some struggling FAANG stocks are keeping the Nasdaq in the red. Among other stocks making notable moves are drugmaker Eli Lilly And Co (NYSE:LLY), biotech name CohBar Inc (NASDAQ:CWBR), and software concern Altera Corporation (NASDAQ:ALTR). Here's a quick roundup of what's moving the shares of LLY,...Read More
ONTARIO - Toronto's Alamos Gold says its best ever surface directional drilling intersection at the Island Gold mine 83 km northeast of the town of Wawa. The results have allowed the company to extend high grade gold mineralization 60 metres to the east.Recent results from the Main extension include 118.58 g/t gold (39.99 g/t cut) over 6.7 metres; 21.50 g/t (13.70 g/t cut) over 7.8 metres; and 31....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
BRUSSELS (Reuters) - Euro zone finance ministers urged their Italian peer Giovanni Tria at a closed-door meeting on Monday to change the country’s budget for next year and respect European Union fiscal rules, an EU official told Reuters.Ministers “encouraged Italy to review its position, respond to Commission’s concerns and respect the agreed rules”, the official said, repo...Read More
NEW YORK (Reuters) - NBC on Monday pulled a controversial TV ad on immigration that was endorsed by President Donald Trump and deemed “racist” by CNN.The primetime ad, paid for by Donald J. Trump for President, ran during a “Sunday Night Football” broadcast and linked Luis Bracamontes, an undocumented immigrant convicted of killing two sheriff’s deputies in California...Read More
SOUTH AFRICA - The strike by National Union of Mineworkers (NUM) members that began on Nov. 2 continues at the South Deep gold mine. About 150 to 200 union members blockaded the entrances to the mine.The job action began when owner Gold Fields announced its plan to retrench staff on Aug. 14. The plan was to cut 1,560 employee and contractor jobs at the mine. By the company's reckoning, the proje...Read More
Examining the recent stretch of IXIC volatilityAfter suffering its worst month since the financial crisis in October, the Nasdaq Composite (IXIC) sent up a rare technical signal to start November. Specifically, the tech-rich index made seven straight triple-digit point moves -- the longest streak on record. The previous streak of triple-digit gains or losses was five days, set back in April 2000,...Read More
HIIQ shares are getting hammered todayHealth Insurance Innovations Inc (NASDAQ:HIIQ) is trading sharply lower today after the company announced it ended its relationship with Simple Health, though it added the split wouldn't change its current-quarter outlook. HIIQ stock is down 14% today at $39.76, putting it on pace for its lowest close since early August, and it's now roughly 2 points from the...Read More
NEW YORK (Reuters) - The dollar dipped on Monday after three consecutive weeks of gains as investors took profits before U.S. midterm elections this week that may fuel volatility in global markets, and the British pound led gains on Brexit deal breakthrough hopes.The U.S. midterm congressional elections on Tuesday are expected to help the Democratic Party win control of the U.S. House of Represent...Read More
WASHINGTON (Reuters) - Bitter U.S. political campaigns thundered to a hectic, unpredictable finish on election eve on Monday, as candidates scoured the country for votes in dozens of crucial races that opinion polls showed were still razor-close.Control of both chambers of the U.S. Congress and 36 governor’s offices are up for grabs on Tuesday in an election widely seen as a referendum on th...Read More
Despite the recent weakness, HEAR shares are up more than 1,000% year-to-dateTurtle Beach Corp (NASDAQ:HEAR) is gearing up to report earnings after the close tomorrow, Tuesday, Nov. 6, and the stock is testing the key 50-day moving average ahead of the event. At last check, this downsloping trendline was located around $20.32, and the shares were trading just below here at $20.21, after trying to...Read More
NEW YORK (Reuters) - Cogni Inc, a New York-based digital banking start-up that wants to hold deposits for consumers and book their hotels, flights and movie tickets, recently closed a $1.7 million seed funding round as it prepares to launch.The two-year old company, which is 2 percent owned by Barclays Plc, has also hired a boutique merchant bank to advise its Series A funding, which is typically...Read More
Photo by Piotr Swat/Shutterstock.com(Kitco News)- Nearly 100% of Barrick Gold Corporation shareholders (NYSE: ABX, TSX: ABX) voted infavor of a merger with Randgold Resources, clearing one more hurdle that pavesway for the creation of the world’s biggest gold producer.In a press release Monday, following a special shareholder vote,the company said that 99.8% or more than 683 million votes ca...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD REPORTS CONTINUED EXPLORATION SUCCESS IN NORTHERN TERRITORY, NEW MINERALIZATION IDENTIFIED AT UNION REEFSKirkland Lake Gold Ltd. has had further exploration success at Union Reefs (UR) and the continued development advance into the Lantern deposit at Cosmo mine. UR is the location of the company's processing plant in the Northern Territory.Mining at the...Read More
BRUSSELS/PARIS (Reuters) - The European Union has so far failed to find a country to host a special mechanism to trade with Iran and beat newly reimposed U.S. sanctions, three diplomats said, as governments fear being targeted by U.S. counter measures.Voicing opposition to U.S. policy on the day Washington announced a new raft of sanctions on Iran, the European Union reissued its Nov. 2 statement...Read More
(Kitco News) - Gold and silver prices aremodestly lower in early-afternoon U.S. trading Monday, in a choppy, two-sidedtrading session. Both the bulls and the bears are cautious ahead of what willlikely be a very active trading week. December gold futures were last down$1.90 an ounce at $1,231.40. December Comex silver was last down $0.121 at$14.635 an ounce. Focusis on Tuesday's U.S. mid-term ele...Read More