(Reuters) - Apple Inc (AAPL.O) refreshed some of its lower-profile products at a New York event on Tuesday, adding iPhone features like facial recognition to the iPad Pro and faster processors and better displays to some Mac computers that have not had a major update in years.The Cupertino, California, company introduced new versions of the iPad Pro, its higher-end tablet that competes with Micros...Read More
Coca-Cola and Under Armour are big earnings winners todayStocks are stabilizing after yesterday's volatile session, with the Dow Jones Industrial Average (DJI) up more than 250 points at midday. Earnings season remains a primary driver, with the blue-chip index getting a lift from a positive earnings reactions for Coca-Cola (KO), while Nike (NKE) surges alongside Under Armour (UAA). The S&P 500...Read More
An updated preliminary economic assessment (PEA) of Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May.The new PEA estimates the project will produce 2.72 million ounces of gold, an average of 225,100 ounces per year, over a...Read More
An updated preliminary economic assessment (PEA) of Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May.The new PEA estimates the project will produce 2.72 million ounces of gold, an average of 225,100 ounces per year, over a...Read More
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine? Draghi Says That We Shouldn’t Worry Let’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short,...Read More
Oct 30 (Reuters) - Randgold Resources Ltd said on Tuesday its Loulo-Gounkoto gold mining complex in Mali had stepped up production, with increased grades expected in the third and fourth quarter of the year.Mali is the third biggest producer of gold after South Africa and Ghana, with gold mines operated by multinational companies including Randgold Resources, Anglogold Ashanti , B2Gold and Resolut...Read More
Mr. Blaine Monaghan reportsFREMONT IDENTIFIES POSSIBLE EXTENSION TO THE GOLD BAR MINE NEVADAFremont Gold Ltd. has identified several highly prospective drill targets at the company's Gold Bar project located in Eureka county, Nevada. A recently completed soil sampling program, based on a new structural interpretation, has identified coincident gold and mercury geochemical anomalies, and suggests t...Read More
The casino name has been one of the biggest underperformers in NovemberThe shares of Wynn Resorts Ltd. (NASDAQ:WYNN) have taken a beating in October, down 26% so far to trade at $93.32. This would mark the casino stock's worst month since September 2015. The selling could be far from exhausted on WYNN stock, though, if history is any guide.According to Schaeffer's Senior Quantitative Analyst Rocky...Read More
Gold witnessed only moderate upward pressure despite the recent equity rout.Speculators slightly lifted net long positions in Comex gold in the week to October 23, the CFTC shows.ETF investors bought just a small quantity of gold last week, according to Fastmarkets.For now, investors are not overly worried about the "technical" sell-off in US equities. As such, the dollar acts as the ideal safe-ha...Read More
NEW YORK, Oct 30 (Reuters) - Yields on U.S. Treasury bonds rose modestly on Tuesday as equities recovered from Monday’s sell-off after President Donald Trump said he believed “a great deal” on trade can be struck with China, but warned new tariffs were ready if talks fail.Treasury prices fell as risk appetite increased, with U.S. stocks up slightly in mid-morning after a mixed op...Read More
(Reuters) - Under Armour Inc’s (UA.N) (UAA.N) shares surged 25 percent on Tuesday after the sportswear maker beat quarterly earnings estimates and raised its full-year profit forecast as it kept costs lower and offered fewer discounts.Under Armour has been striving to regain momentum after a tough couple of years when it lost out to bigger rivals Nike Inc (NKE.N) and Adidas AG (ADSGn.DE). Sw...Read More
WASHINGTON (Reuters) - U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.The Conference Board said its consumer confidence index increased to a reading of 137.9 this month, the highest reading since September 2000, from a downwardly revised 135.3 in September. Economists polled by Reut...Read More
NEW YORK (Reuters) - The credit quality of U.S. states is improving, with revenue growth and spending moderation helping to halt a downward trend, according to a report to be released later on Tuesday.States’ revenue growth is higher than national economic growth in current dollars, the bi-annual report from global investment management firm Conning Inc found.The boost in credit quality to &...Read More
OSLO (Reuters) - British citizens already living in Norway and Norwegian citizens living in Britain will have the right to remain residents, even in case of a no-deal Brexit, the prime ministers of Britain and Norway said on Tuesday.“Prime Minister May and I agreed that Norway and UK will put in place a comprehensive citizens rights’ agreement,” said Erna Solberg, prime minister...Read More
BOSTON - (Kitco News)- Gold and palladium are thedarlings of the precious-metals sector, but one analyst is paying moreattention to dark horses silver and platinum.In an interview with Kitco Newsduring the London Bullion Market Association annual conference, Johann Wiebe,lead precious metals analyst at GFMS, Refinitiv, formerly the Thomson ReutersFinancial and Risk Unit, said that while gold and p...Read More
(Kitco News) - Goldmay need further weakness in the equity market to retain its October rally,says TD Securities.Themetal spent much of the summer “in the gutter” as bearish traders piled onshort positions, the firm pointed out a research note late Monday. However, a sharpcorrection lower in equities this month convinced many of these shorts to buyin order to cover, or exit, positions....Read More
The real estate sector could struggle in the short termIt's been a rough, volatile month for stocks, with the S&P 500 down 9.4% so far in October -- set for its worst month since February 2009. While these 25 stocks could rebound in November, several real estate stocks coulddecline next month, if past is prologue. The iShares U.S. Real Estate ETF (IYR) tends to struggle in November, as do holdings...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel hosted African leaders on Tuesday, pledging a new development fund to tackle underdevelopment on the continent that has helped to spur mass migration, shaping the later years of her long premiership.Merkel announced on Monday she would retire from politics by 2021, sending shockwaves across Europe and starting a race to succeed her.She needs the C...Read More
LONDON (Reuters) - Oil prices fell more than 2 percent on Tuesday on signs of rising supply and concerns that global economic activity and fuel demand would be hit by a deepening U.S.-China trade dispute.Benchmark Brent crude oil LCOc1 fell by $2.25 a barrel to a low of $75.09 before recovering slightly to around $75.50, down $1.84, by 1345 GMT. U.S. light crude CLc1 was down $1.30 at $65.74.Both...Read More
J.P. Morgan Securities lifted its rating on the chip stock to "overweight"J.P. Morgan Securities upgraded Nvidia Corporation (NASDAQ:NVDA) to "overweight" from "neutral," saying investors aren't pricing in potential upside catalysts from gaming trends and the chipmaker's self-driving car technology. However, with the stock pacing for its worst month in years, the brokerage firm lowered its NVDA pr...Read More