The tech company reported fiscal 4Q profit and revenue beatsThe shares of F5 Networks, Inc. (NASDAQ:FFIV) are set for a higher open, after the software application specialist reported fiscal fourth-quarter earnings of $2.90 per share on $562.7 million in revenue -- more than analysts were expecting. A round of bullish brokerage notes is only adding to the buzz, with FFIV stock up 1.4% in electroni...Read More
The discounts mean that the oil industry in Alberta is losing around $100 million per day...Read full newsRead More
It's one of the biggest earnings days of the yearDow Jones Industrial Average (DJI) futures are trading comfortably above fair value ahead of one of the biggest earnings days of the year. Blue chip Microsoft (MSFT) is pointed higherafter an upbeat earnings release, setting the tone ahead of quarterly results from fellow tech names Intel (INTC), Amazon.com (AMZN), and Alphabet (GOOGL) later in the...Read More
BEIJING, Oct 25 (Reuters) - Aluminum Corp of China Ltd ,, known as Chalco, said on Thursday that net profit rose by 6.8 percent year-on-year in the third quarter despite lower revenues after it reduced operating costs.The listed arm of Chinalco, China's biggest state-run aluminium producer, posted net income of 640.9 million yuan ($92.31 million) for July-September, versus 600.3 million yuan in th...Read More
BEIJING (Reuters) - China and Japan should safeguard free trade and anchor global growth, Chinese Premier Li Keqiang said on Thursday, as Japan’s prime minister arrived in Beijing on a visit against a backdrop of trade friction with the United States.Shinzo Abe’s three-day visit is expected to carve out new scope for cooperation between Asia’s two biggest economies. It is also ex...Read More
"This week, $VAST Resources shareholders voted to expand the company's equity raising rights. We spoke to Andrew Prelea about what he wants to do with the cash ($) | https://t.co/V88O2l7twv #AIM #gold #copper #zinc"Read full newsRead More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
(Kitco News) - Newmont Mining Corp. (NYSE: NEM) Thursday reported a modest decline froma year ago in third-quarter adjusted net income due to lower metals prices andoutput.The company listedadjusted income of $175 million, or 33 cents per share, compared to $184million, or 34 cents, in the same period a year ago. This beat forecasts centeredaround 19 cents a share, according to news reports.On a n...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
(Kitco News) - Newmont Mining Corp. (NYSE: NEM) Thursday reported a modest decline from a year ago in third-quarter adjusted net income due to lower metals prices and output.The company listed adjusted income of $175 million, or 33 cents per share, compared to $184 million, or 34 cents, in the same period a year ago. This beat forecasts centered around 19 cents a share, according to news reports.O...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
(Kitco News)- Gold did not move much after a Commerce Department report Thursdayshowing that U.S. September orders for durable goods rose by 0.8% to $262.1billion. December Comex gold futures were last at$1,234.90, up 0.31% on the day. Consensus expectations compiled by various news organizations hadcalled for durables to be down by somewhere between 1.5% and 1.9%. This increasefollowed a 4...Read More
(Kitco News) - Gold prices largely ignored the data from the U.S. Labor Department showing that the initial weekly jobless claims rose to 215,000 in the week to Saturday. Market consensus called for initial claims to rise to 214,000 from the unrevised level of 210,000 reported in the previous week. The December Comex gold futures were not impacted by the data, largely keeping all early-morning gai...Read More
(Kitco News) - Gold prices aremoderately higher in early U.S. trading Thursday, on more safe-haven buyingahead of an uncertain U.S. trading session following Wednesday’s pounding inthe U.S. stock market and steep losses in Asian shares overnight. December gold futures were last up $4.40 an ounce at $1,235.40. December Comex silver waslast up $0.089 at $14.76 an ounce. Globalstock markets wer...Read More
RIYADH (Reuters) - Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner despite a partial boycott of the event over the killing of Saudi journalist Jamal Khashoggi.Over two dozen top officials and executives from the United States and Europe, including U.S. Treasury Secretary Steven Mnuchin and chief...Read More
SEOUL (Reuters) - Hyundai Motor Co’s (005380.KS) third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling to near nine-year-lows on Thursday.The unexpected costs relating to Hyundai’s engine recalls came on the heels of mounting U.S. pressure to respond to reports of vehicles catching fires.T...Read More
B?-RSE ONLINE: Der Goldpreis hat sich von seinem j? 1/4 ngsten Tief Mitte August wieder etwas erholt, hat seitdem rund f? 1/4 nf Prozent zugelegt. Am Dienstag ging es um rund ein Prozent nach oben, an den Aktienm??rkten st? 1/4 rzten die Kurse ab. Ist Gold wieder die Krisenw??hrung schlechthin? Ronald-Peter St??ferle: Das Gold macht seinem Ruf als Portfolio-Versicherung wieder alle Ehre. Das Edelm...Read More
"German IFO Business Climate (Oct):102.8(est 103, prev 103.7) German IFO Current Assessment (Oct):105.9(est 106, prev R 106.6) German IFO Expectations (Oct): 99.8 (est 100.3, prev R 100.9)"Read full newsRead More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More