LONDON/BRUSSELS (Reuters) - Prime Minister Theresa May steps up attempts to court European support for a Brexit deal on Thursday as negotiations on securing a smooth British divorce from the world’s biggest trading bloc enter their final stages.She will meet three other EU leaders in Brussels at a NATO dinner on Thursday and have lunch with French President Emmanuel Macron on Friday.EU offic...Read More
The precious metals sector continues to be viewed with disdain, posits technical analyst Clive Maund, who discusses the factors that he sees are behind changes in the market. The precious metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bull market. However, the cha...Read More
At the time of our recommendation, CROX was well overdue for upgradesSubscribers to Schaeffer's Weekend Trader Alert service just scored a 153% profit in five weeks with the Crocs, Inc. (NASDAQ:CROX) December 17 call. Below, we're going to take a look back at why we were bullish on the footwear concern, and how CROX performed after we recommended the call option. When we entered the position...Read More
Technical analyst Clive Maund tracks movements in the platinum, gold and silver markets.It was a very good day for the metals Friday, as they rose sharply in response to the dollar going into reverse after a sizable run-up. A very significant development was that platinum broke out of its Head-and-Shoulders bottom on strong volume, a move which we had expected that marks the start of a bull market...Read More
(Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Thursday it settled charges against Zachary Coburn, the founder of cryptocurrency token trading platform EtherDelta, over operating an unregistered securities exchange.EtherDelta users executed more than 3.6 million orders for ERC20 tokens over a period of 18 months, including tokens that are securities under the Federal Securit...Read More
The Fed isn't expected to raise rates this afternoonThe U.S. stock market is mixed ahead of this afternoon's policy update from the Fed, due at 2 p.m. ET. Although no action is anticipated this time around, Wall Street will be looking for hints of an expected December rate hike and the central bank's 2019 policy timeline. Oil prices are also in focus, with December-dated crude futures down 0.9% at...Read More
WMT stock has historically done well during the holiday seasonEarnings season is in full swing, which is big for retail names because it runs right into the upcoming holiday season. Retail giant Walmart Inc (NYSE:WMT) is already putting in the work, announcing its earliest Black Friday opening in history. What's more, the company will report third-quarter earnings before the open next Thursday, No...Read More
Gold is the metalof kings, the ultimate money, an eternal store of value, an untarnishableembodiment of beauty. Gold is all those things. But it is not the most valuablemetal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold.Lately, platinum has traded at an abnormally large discount to the yellowmetal. Metals investorswho want to hold the most concentrated we...Read More
One private company has been minting millionaires, and it's about to go public.Sensitive details about a potential new IPO have been "leaked" from this secure facility in Pittsburgh, PA...40 of the world's top researchers are working on a breakthrough that could be worth $15 TRILLION. So for anyone who missed out on Google, Facebook or even Alibaba - this is thebest chance to cash in right now....Read More
Dear Investor,While most traders have been watching the S&P, oil plunged 18% in October. In the process, crude broke below a key long-term trendline. You know what that means: It's an exciting potential opportunity. That's why we've got an exciting free event starting Tuesday, Nov. 6. We call it our Energy FreePass event, where we unlock our trader-focused Energy Pro Service for 3 days. It's f...Read More
Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More
FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.The electric car, known as “MEB entry” is being readied for a production volume of 200,000 vehicles, while a mid s...Read More
The company is scheduled to report earnings next weekUrogen Pharma Ltd (NASDAQ:URGN) is trading up 4.5% at $48.49, after Jefferies boosted its price target on the urology expert to $77 -- territory never before explored, and nearly 60% above current levels. URGN shares traded as high as $69.57 back in late May, and has struggled to regain the momentum it had early in the year. Of course, the secur...Read More
USDX’s Friday’s close was its highest weekly closingprices of 2018. This is an extremely significant confirmation of the bullishoutlook for the US currency that followed the verification of the breakoutabove the inverse head-and-shoulders pattern. The implications are clearly bullishfor the US dollar. But are they clearly bearish for gold? The yellow metalended the week close to its Oc...Read More
WASHINGTON (Reuters) - President Donald Trump forced out his attorney general on Wednesday and threatened to fight back if Democrats use their new majority in the U.S. House of Representatives to launch investigations into his administration and finances.Trump came out swinging a day after his Republicans lost control of the House, and followed through on repeated threats to remove Attorney Genera...Read More
BERLIN (Reuters) - Volkswagen (VOWG_p.DE) and an independent monitoring team still have “a lot of work to do” before he can certify changes required under a U.S. Justice Department settlement, Larry Thompson, an independent compliance auditor, told a conference in a video recording on Thursday.But Thompson, a former deputy U.S. attorney general, said VW was making good progress on impr...Read More
China's finished steel exports were up by more than 10% year on year in October, but fell when compared with September's volumes, according to preliminary Chinese customs data published on Thursday November 8.The country exported 5.5 million tonnes of finished steel in last month, up 10.4% from the 4.98 million tonnes shipped out in October 2017, according to the customs data. October shipmen...Read More
The stock is on pace for another brutal November The shares of Wynn Resorts Ltd. (NASDAQ:WYNN) are getting destroyed this morning, after the casino concern reported disappointing third-quarter earnings. In addition, CEO Matthew Maddox said the company has seen a "slowdown" after Golden Week in Macau. At last check, WYNN stock was down 14.3% to trade at $97.72.Since the stock's May highs north of $...Read More
BRUSSELS (Reuters) - The European Union wants Britain to stick to the bloc’s rules on state aid, environment and workers’ rights after Brexit to prevent it from gaining unfair access to the single market, diplomatic sources and officials told Reuters.The EU sees this as key to ensuring a “level playing field” should the so-called Irish border backstop kick in after Brexit,...Read More
BRUSSELS (Reuters) - Italy and the Isle of Man found themselves in the European Commission’s crosshairs on Thursday as the EU executive took steps to force them to scrap illegal tax breaks for yachts and private jets or face court action.The EU executive said incorrect value added taxes levied by Italy and the Isle of Man breached common tax rules and distorted competition.The Commission sai...Read More