"Japan Gold Completes Strategic Financing with Goldcorp Inc. and RCF Opportunities Fund L.P. @japangoldcorp https://t.co/TiBl50q11F"Read full newsRead More
The shares have shed roughly 35% in the fourth quarterThe shares of Guangzhou-based broadcasting name HUYA Inc (NYSE:HUYA) hit a record low of $14.44 on Dec. 7, after the arrest of a top Huawei exec sparked a sell-off in Chinese stocks. A short-lived bounce was quickly contained by the equity's descending 40-day moving average, and previous such signals have marked good selling opportunities on th...Read More
BEIJING - Chinese battery firm GEM Co Ltd will supply 170,000 tonnes of raw materials to South Korean battery maker ECOPRO Co Ltd from 2019 to 2023, its latest effort to win a bigger share of the booming power cell market.GEM signed a memorandum of understanding with ECOPRO to sell 16,000 tonnes of lithium nickel-cobalt-aluminium oxide (NCA) cathode materials in 2019, the company said in a filing...Read More
The U.S. Treasury Department raised eyebrows and jogged worrying memories of the financial crisis Sunday with a statement that Secretary Steve Mnuchin convened calls with the CEOs of six leading banks to confirm they had ample liquidity, in hopes of averting another Wall Street selloff Monday. But left unsaid: If he's that worried, shouldn't investors be as well? The unusual and unprompted attempt...Read More
Vertex Pharmaceuticals revealed it has taken a stake in CRSPCrispr Therapeutics AG (NASDAQ:CRSP) is trading up 9.9% at $24.98 today, after it was revealed Friday evening that cystic fibrosis specialist Vertex Pharmaceuticals (VRTX) took a 10.1% stake in the gene editing company. On Friday, CRSP stock touched a nearly 52-week low of $22.22, as it's struggled mightily in the second half of the year....Read More
The FDA just approved of Acorda's new Parkinson's drug, INBRIJA Acorda Therapeutics (NASDAQ:ACOR) shares are up 5% at $13.59 today, lifted by Friday's late-breaking news that the Food and Drug Administration (FDA) approved its new Parkinson's drug. The inhalable treatment, INBRIJA, is expected out during the first quarter of 2019. Today's rally for ACOR is pulling it out of the gutter -- the stock...Read More
The shares have pulled back to a trendline that's previously marked attractive entry pointsThe shares of Etsy Inc (NASDAQ:ETSY) gapped nearly 24% higher the session after the e-tailer's blowout earnings report in early November, eventually topping out at a record high of $58.30 on Dec. 4. The security has since pulled back amid broad-market headwinds, but is now trading near a trendline with histo...Read More
BEIJING - China Minmetals Corp will buy 2.04 million tonnes of iron ore from Australian miner Rio Tinto Ltd in 2019, the company said in a filing to the Shanghai Stock Exchange on Monday.Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around 999.6 million yuan ($144.94 million), said Minmetals, adding actual prices will be adjusted in accordance...Read More
Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.During the heady days of the China-induced supercycle in metals demand, mergers and acquisition in the industry topped $100 billion three years in a row, peaking at $149 billion in 2012 before slumping to little over $50 billi...Read More
Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.During the heady days of the China-induced supercycle in metals demand, mergers and acquisition in the industry topped $100 billion three years in a row, peaking at $149 billion in 2012 before slumping to little over $50 billi...Read More
Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.During the heady days of the China-induced supercycle in metals demand, mergers and acquisition in the industry topped $100 billion three years in a row, peaking at $149 billion in 2012 before slumping to little over $50 billi...Read More
Keep watching IYT to see what might be next for the broader equities marketLast week was certainly a rough one for the broad-equity benchmarks, but it was particularly brutal for shipping giant FedEx (FDX). On Wednesday, the stock registered its biggest daily percentage drop in a decade after taking a hatchet to its fiscal 2019 profit forecast. The news caused a ripple effect across the transports...Read More
The brokerage firm removed the FAANG stock from its "Best Ideas" listThe shares of Facebook, Inc. (NASDAQ:FB) are trading down 1.4% at $123.212 -- earlier hitting a nearly two-year low of $123.05, after Wedbush removed the FAANG stock from its "Best Ideas" list. However, the brokerage firm maintained its "outperform" rating and $220 price target, a 76% premium to Friday's close.Today's negative pr...Read More
"According to the 2018 #MJWorldRiskReport #NorthAmerica is still the safest place to mine, with all the AAA-rated jurisdictions listed. Chris Cann, head of research @Aspermont_Ltd talks us through the key findings https://t.co/0kRLhQhaPN #mining #risk #finance #investment #gold"Read full newsRead More
JD's pre-market gains quickly evaporatedJD.com, Inc. (NASDAQ:JD) was last seen down 7.7% at $19.46, as traders react to news that the company's founder and CEO Richard Liu will not be charged after being accused of rape back in September. JD shares were trading above $30 before the news hit, and wound up hitting an all-time low of $19.21 a month ago. Meanwhile, option traders' sentiment has shifte...Read More
Image by Adam Fagen By Joe DeauxForget frankincense or myrrh - chaos in global markets makes gold the holiday asset hedge funds are getting behind.Money managers are the most bullish they've been on bullion in half a year amid a multitude of threats that could slow economic growth and deepen the plunge for equities.As financial anxieties heighten, investors have poured about $1.56 billion into exc...Read More
Tesla short sellers have been hitting the exits latelyThe shares of Tesla Inc (NASDAQ:TSLA) are down 2.6% in electronic trading today, after it was reported the company had cut the price of its Model 3 vehicle in China. This is the third time in the past two months Tesla has reduced the price of the vehicle. Tesla stock started December off strong in the wake of a big bull note. Last week, howev...Read More
Rumors surfaced late Friday Trump was considering firing the Fed chairIt's an abbreviated session on Wall Street today, with the stock market closing at 1 p.m. ET for the Christmas holiday, and shuttered all day tomorrow. Traders are less than cheerful, with Dow Jones Industrial Average (DJI) futures trading well below fair value this morning. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Inde...Read More
Could the action in stocks be foreshadowing a recession?"The SPX closed below its 80-week moving average on Friday, currently situated at 2,660... breaks of the 80-week moving average have usually preceded tests of the 160-week moving average, which approximates a roughly three-year moving average. With the 160-week moving average currently situated around 2,400, bulls run the risk of at least ano...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters show chapters Gold options activity explodes 9 Hours Ago |07:01 Gold scaled a six-month peak on Monday as sliding stock markets and concerns about a global economic slowdown sapped risk sentiment, driving investors to seek safety in the precious metal.Spot gold gained 1 percent to $1,268.38 per ounce at 1:40 p.m. EST in thin trade...Read More