The Trump administration is proposing that limits on mercury pollution from power plants are too costly to justify and no longer "appropriate and necessary," a finding that could make it difficult to impose more stringent curbs in the future.Under President Donald Trump, the EPA now is effectively ignoring those so-called co-benefits and focusing only on the direct potential benefits from slashing...Read More
A rare signal just flashed for WorkdayThe shares of Workday Inc (NASDAQ: WDAY) are up 55.6% year-to-date to trade at $158.07, hitting a record high of $172.67 earlier this month. Now, WDAY just came within one standard deviation of its 10-month moving average -- a historically bullish trendline that could be signaling more upside for the software name. According to data from Schaeffer's Senior Q...Read More
Gold is closing out 2018 with a flourish. Prices are poised for the biggest monthly gain in almost two years as concerns about next year's economic outlook, volatility in global equities and a government shutdown in the U.S. spur demand for the metal as a haven.Spot bullion hit a six-month high on Friday, topping $1,280 an ounce, as investors favored defensive assets, adding to holdings in exchang...Read More
U.S. stocks are up with trading volumes mutedThe Dow Jones Industrial Average (DJI) has explored a 316-point trading range on both sides of breakeven today, last seen in the green, as stocks extend the recent run of volatility. Overall, the Dow and its index peers are set to close the week in positive territory -- which would mark the first weekly win in four weeks for U.S. stocks. In the meantime...Read More
SANTIAGO - Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday.The project at Collahuasi, one of the world's largest copper mines with an estimated 2018 production of 545,000 tonnes, will upgrade operations to improve efficiency and p...Read More
SANTIAGO - Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday.The project at Collahuasi, one of the world's largest copper mines with an estimated 2018 production of 545,000 tonnes, will upgrade operations to improve efficiency and p...Read More
Rajendra Jadhav and Karthika Suresh NamboothiriPublished 13 Hours AgoReuters * Higher prices dampen appeal* China premiums ease to $3-$7 an ounce* Spot gold on track for biggest weekly gains in three* Dealers in India offer $2/oz discountMUMBAI/BENGALURU, Dec 28 (Reuters) - Physical gold demand lacked vigor in most Asian hubs this week as limited safe haven interest failed to lift activity into th...Read More
Shorts may wait to cover their winning bets until the new yearIt's been a rough six months for Shutterfly, Inc. (NASDAQ:SFLY), with the shares down 60.6% from their June 5 record peak of $100.34, last seen at $39.91. SFLY stock bottomed near familiar support at $35 during the Christmas Eve sell-off -- a region that's served as a floor since 2014 -- and the equity could be set to spike higher from...Read More
SANTIAGO - Chile will delay a previously announced arbitration with Albemarle Corp (ALB.N), the world's top lithium producer, in anticipation that the US-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters.Under the contract, US - based Albemarle had agreed to provide as much as 25 percent of its annual production at a...Read More
Plenty of AAPL bulls are still lingering on Wall StreetApple Inc. (NASDAQ:AAPL) is slightly lower this morning at $155.57. Since touching a record high of $233.47 on Oct. 3, the shares have shed one-third of their value, bottoming at $146.59 on Christmas Eve. Their 20-day and 50-day moving averages stand up at $166.04 and $187.48, respectively, further illustrating the FAANG stock's recent weaknes...Read More
Coups, rebel conquests, assassin's bullets - they've all ended presidencies in the Democratic Republic of Congo. This weekend, the vast central African nation is banking on a new method: the ballot box.With three main candidates vying to replace Congo's long-serving leader, Joseph Kabila, Sunday's elections could lead to the mineral-rich country's first transfer of power through voting since indep...Read More
Getty ImagesThe economy in the Chicago region grew a bit slower in December, but the region is still expanding rapidly. A survey of business conditions in the Chicago area that's often viewed as a signpost for the broader U.S. economy showed strong, if slightly softer, growth in the final month of 2018. The MNI Chicago business barometer slipped to 65.4 points in December from an 11-month high of...Read More
Both the company and its CEO have agreed to pay a fine to settle civil chargesThe shares of Opko Health Inc. (NASDAQ:OPK) are up 28.1% to trade at $3.31, afterthe biotech's Chairman and CEO Philip Frost agreed to a $5.52 million settlement with U.S. Securities and Exchange (SEC) over a civil suit alleging penny stock "pump-and-dump" schemes. Opko Health was also fined.It's been a volatile stretch...Read More
* Higher prices dampen appeal* China premiums ease to $3-$7 an ounce* Spot gold on track for biggest weekly gains in three* Dealers in India offer $2/oz discountMUMBAI/BENGALURU - Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end, while jewellers in India stepped up purchases, hoping for a further leg to a rally...Read More
* Higher prices dampen appeal* China premiums ease to $3-$7 an ounce* Spot gold on track for biggest weekly gains in three* Dealers in India offer $2/oz discountMUMBAI/BENGALURU - Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end, while jewellers in India stepped up purchases, hoping for a further leg to a rally...Read More
MOSCOW/HONG KONG - Russian aluminium company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions.The previous chairman, Matthias Warnig, stepped down earlier this week after six years at the world's largest aluminium producer outside China. His resignation wa...Read More
There was options-related optimism ready to unwindSubscribers to Schaeffer's Options Advisor service scored a 100% profit with the Western Digital Corp (NASDAQ:WDC) April 47.50 put we recommended. We'll take a closer look at why WDC appeared on our bearish radar, and how the winning options trade unfolded.In the latest December issue of Options Advisor, Western Digital stock had already shed 50%...Read More
The restaurant stock has added nearly 75% in 2018The shares of Wingstop Inc (NASDAQ:WING) are up 2.3% this morning at $62, after Wedbush upgraded the restaurant chain to "outperform" from "neutral" while trimming its price target to $69 from $71. The analyst in coverage waxed bullishly on the company's valuation, and sees room for upside to its 2019 earnings per share and margins. Since early 201...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") consisting of the issuance of 20,032,666 units of the Company ("Units") at a price of $0.075 per Unit, for aggregate gross proceeds to the Company of $1.5 Million, as announced by the Company on December...Read More
The Dow is set to snap its three-week losing streakFutures on the Dow Jones Industrial Average (DJI) are trading modestly above fair value following yesterday's sharp reversal on Wall Street. Another win for the Dow today would make it three in a row, with the blue-chip index on track to snap its three-week losing streak. Oil prices are up, too, with February-dated crude futures up 0.8% at $44.97...Read More