Disappointing results from 3M and Caterpillar weighed on the DowIt was a wild week on Wall Street, with the Dow exploring a more than 1,000-point range on both sides of breakeven, as of this writing. Most of the price action occurred to the downside, with the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all pacing for weekly losses -- the latter for its fourth in a row, which would mark i...Read More
Learn what factors could drive the gold price over the next 12 months, and explore three gold ETF trading ideas.Read full newsRead More
Wait, what?! Isn't the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn't take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective upswing that didn't even take gold stocks back above their December 2016 lows. And we warned that this is the likely outcome...Read More
Western Digital posted a rare miss in quarterly revenueStocks are trading lower today to put the S&P 500 Index into correction territory. Looking at individual names to watch, digital memory expert Western Digital Corp (NASDAQ:WDC), former Dow component General Electric Company (NYSE:GE), and drugmaker Syndax Pharmaceuticals Inc (NASDAQ:SNDX) are all making notable moves. Below is a breakdown for...Read More
(Kitco News)- It has taken a while, but gold is now doing exactly what itis supposed to do as the metal ends the week near a three-month high as U.S.equity markets continue to melt down and bond yields drop.The gold market is seeing its fourth week of consecutivegains and is on pace to end a six-month downtrend. December gold futures aretrading near a three-week high, last trading at $1,243 an oun...Read More
(Kitco News) - It has taken a while, but gold is now doing exactly what it is supposed to do as the metal ends the week near a three-month high as U.S. equity markets continue to melt down and bond yields drop.The gold market is seeing its fourth week of consecutive gains and is on pace to end a six-month downtrend. December gold futures are trading near a three-week high, last trading at $1,243 a...Read More
Ely Gold Royalties (TSXV:ELY, OTC:ELYGF) (Read full newsRead More
"The Financial Post reports in its Friday edition that cannabis might be legal now, but major Canadian banks appear to still not be comfortable with the #cannabis sector."Read full newsRead More
WINNIPEG, Manitoba (Reuters) - The United States’ trade wars have allowed Canada’s agriculture industry to pump up sales of soybeans and wheat to China, and pork to Mexico.But the same tariff battles are undermining commodity prices and eating into Canadian farmers’ profit margins even as they grab more market share.Their struggles illustrate the complex global consequences of U....Read More
PARIS (Reuters) - Airbus (AIR.PA) is close to naming an outsider to replace finance chief Harald Wilhelm after board moves to overhaul top management in response to a corruption probe hastened his surprise resignation in May, people close to the matter said.British and French authorities are investigating the use of middlemen in jetliner sales and the European planemaker says it is also supplying...Read More
Electrolux AB, Europe's largest appliance maker, plunged to four year lows after reporting that costs are increasing and customers in North America balked at paying higher prices for its products.Read full newsRead More
On the surface, Q3 GDP was great. A quick look between the lines, however, reveals a lot of ugly details.Read full newsRead More
It could be just the beginning of TTWO's reboundWhile most stocks are swimming in red ink today, shares of video game maker Take-Two Interactive Software, Inc. (NASDAQ:TTWO) are bucking the trend, last seen 0.9% higher at $121.72, following the highly anticipated release of its "Red Dead Redemption 2" game. What's more, it could be just the beginning of TTWO's recovery, with the stock flashing a h...Read More
"VW CEO says they'll have 'EVs as good as Tesla's for half the price by 2020' https://t.co/IOAuS5VQzj by @fredericlambert"Read full newsRead More
NEW YORK (Reuters) - Stock markets around the world fell on Friday on track for their longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.Wall Street plunged after earnings reports from Amazon.com and Alphabet rekindled a...Read More
(Reuters) - Two Sears Holdings Corp SHLDQ.PK board directors have hired investment bank Evercore Inc (EVR.N) to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection, people familiar with the matter said on Friday.The deals, including separations of Sears’ businesses and real estate, may come under examin...Read More
"#FF Excellent acc to follow:@JavierBlas @HayekAndKeynes @HC_Haplo @todd_harrison @EdVanDerWalt @backstroke_ @tbiesheuvel @pierpont_morgan @charliebilello @David_Schro @dankogaion @hjesanderson @LivioFilice @StockCats @RampCapitalLLC Have a great weekend everyone!"Read full newsRead More
Finland's nickel and cobalt miner Terrafame has decided to invest in battery manufacturing for electric vehicles by building a chemicals plant, which will be partially funded by commodity trader Trafigura, the company said on Friday.The plant will produce chemicals for use in electric vehicle batteries located at its industrial site in Sotkamo, Finland.The plant will cost about 240 million euros,...Read More
LONDON (Reuters) - A High Court judge has denied a Serious Fraud Office application to charge Barclays (BARC.L) over its 2008 capital raising, potentially ending the biggest remaining legal headache facing the British bank over its conduct during the financial crisis.A British court dismissed the charges against the bank last May in a decision that the SFO, which prosecutes financial crimes, said...Read More
"Great Bear Announces C$3.5 Million Private Placement of Flow-Through Common Shares @GreatBearGBR https://t.co/bWAGZiZTQT"Read full newsRead More