(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
This company could give savvy investors a "backdoor" to cash in on the $50 billion marijuana boom.Any investor interested in the opportunities in the marijuana industry need to get involved as soon as possible.Financial experts from all over the world agree: a marijuana boom is coming. To the tune of an estimated $50 billion.Anda little-known Canadian company might have just unlocked the key to pr...Read More
The oversold stock's pullback could be an opportunity for bulls Clearly, the legalization of marijuana in Canada on Oct. 17 was a "sell the news" event, one that pressured Canopy Growth Corp (NYSE:CGC) and its weed-growing peers lower from record highs. However, as Canaccord Genuity analysts noted yesterday, "cannabis stocks are seeing selling volume decrease as they approach important support lev...Read More
MEXICO CITY (Reuters) - Mexico’s economy rebounded in the third quarter, official data showed on Tuesday, helped by stronger industrial output and a jump in services that reflected a surge in consumer confidence in the wake of elections.The economy grew 0.9 percent in seasonally adjusted terms in the third quarter, bouncing back from a 0.2 percent contraction in the previous three-month peri...Read More
(Kitco News) - Gold prices aremodestly down in early-afternoon U.S. trading Tuesday. A strongerU.S. dollar index that scored a new for-the-move high today is weighing on the preciousmetals markets. A rebound in the U.S. stock market so far today is also anegative element for the safe-haven gold and silver markets. December gold futures were last down $2.10 an ounce at $1,225.40. December Comex sil...Read More
(Kitco News) - Gold prices areagain modestly down in early U.S. trading Tuesday. A stronger U.S. dollar indexthat scored a new for-the-move high overnight is weighing on the preciousmetals markets today. Higher U.S. stock indexes to start the trading day arealso a negative for the safe-haven gold and silver markets. December goldfutures were last down $3.40 an ounce at $1,224.20. December Comex si...Read More
Ms. Akiko Levinson reportsIRVING RESOURCES RECEIVES MINING PERMIT AT ITS OMU GOLD-SILVER PROJECT, HOKKAIDO, JAPANIrving Resources Inc. has received approval from the Ministry of Economy, Trade and Industry (METI) of its Omui mine plan covering mining- and exploration-related activities at its Omui mining licence. Omui is part of Irving's 100-per-cent-controlled Omu gold-silver project in Hokkaido,...Read More
WASHINGTON (Reuters) - President Donald Trump said he will seek to limit the right of citizenship for certain children born in the United States in a new bid to dramatically reshape immigration policies that appeared to run afoul of the U.S. Constitution.Seeking to shore up support for Republicans ahead of the congressional elections next week, Trump told the Axios news website he would try to end...Read More
MILAN/AMSTERDAM (Reuters) - Dutch bank ING Groep NV (INGA.AS) plans to sell its remaining Italian real estate leasing portfolio to Goldman Sachs (GS.N) as it continues to cut leasing activities outside its home markets, a document reviewed by Reuters showed.A letter ING sent to unions in Italy said the group expected to sign the deal by early December and close it in the first quarter of next year...Read More
• Resurgent USD demand/positive US bond yields prompted fresh selling. • Signs of stability in equity markets further undermine safe-haven demand. • Traders now eye US consumer confidence index for short-term impetus. Gold kept losing ground through the mid-European session and fell to 1-1/2 week lows in the last hour. The commo...Read More
(Reuters) - For months, Republican U.S. Representative Steve Chabot was running about even with Democratic opponent Aftab Pureval in his traditionally conservative southwest Ohio district.But as the Nov. 6 elections approach, the contest has begun breaking in Chabot’s favor, one of about half a dozen races in conservative-leaning districts where improving Republican odds are stoking speculat...Read More