A recent report on Canada's mining sector suggests that there may soon be a rebound in the industry, but it warns that a drop in the number of mining engineering graduates needs to be countered with educational reform to achieve sustainability.The Mining Industry Human Resources Council's (MiHR) annual Canadian Mining Labour Market Outlook 2019 notes declining enrollment in mining engineering p...Read More
ALEXANDRIA, December 12, 2018 - The Responsible Minerals Initiative (RMI), a coalition of leading companies dedicated to improving the security and human rights conditions in their mineral supply chains, today announced voluntary guidelines to drive the common adoption of definitions and concepts in the application of blockchain-enabled solutions. The RMI Guidelines represent a first industry effo...Read More
Tech stocks have been under heavy scrutiny in recent monthsDespite today's gains, the tech sector has been stumbling into the New Year, still reeling from October's sell-off. If history is any guide, there could be more trouble ahead for cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM) and cybersecurity name Symantec Corporation (NASDAQ:SYMC), both flashing bearish signals heading into 2019...Read More
The Dow is sporting a massive lead halfway through the dayThe Dow Jones Industrial Average (DJI) is up big at midday, as Wall Street reacts to a round of positive trade headlines. Maybe most notably, the Wall Street Journal is reporting that China could give foreign companies greater access in the country, on top of news that President Donald Trump may intervene in the case of Huawei Chief Financi...Read More
The brokerage firm initiated coverage with a "buy" ratingThe shares of Galmed Pharmaceuticals Ltd (NASDAQ:GLMD) are trading up 17.7% at $9.32, after B. Riley initiated coverage on the drug stock with a "buy" rating and $28 price target -- a 253% premium to last night's close. The brokerage firm waxed optimistic on Aramchol, the drugmaker's Non-Alcoholic Steatohepatitis (NASH) treatment.This upbeat...Read More
The S&P's hair trigger has been especially sensitive latelyUnless you've been hiding under a rock, you're probably aware that the stock market has been pretty volatile lately, especially compared to the slow burn higher of 2017. Day traders especially might have noticed the massive intraday swings we've experienced lately; for instance, the Dow erased a 500-point deficit to end higher Monday, and...Read More
A South African consortium called Project Halo has submitted the winning bid of 3.05 billion rand ($215 million) for three major assets of Tegeta Exploration & Resources (Pty) Ltd., the Gupta family-linked mining company under administration since February.Project Halo will buy Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd. for 200 million rand and O...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
The drug company's experimental Tourette's treatment failed a mid-stage study Shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) are down 21% at $67.77, after the company said its Tourette's drugfailed a mid-stage trial. The dramatic early drop sent NBIX stock to a new annual low of $64.72, and the security is pacing for its worst day since September 2013. NBIX has surrendered roughly 47% since...Read More
As we wrote in our Monday market update, our 30-day Pharmaceuticals Indicator seems to have a decent ability to time the group's highs and lows. When the indicator peaks above 200%, it represents a strong peak in insider buying that has, at times, coincided with a base in stock prices. As of Tuesday, it appears the indicator has peaked at a level not seen since September 2017. This development sh...Read More
Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More
Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More
ATHENS, Dec 12 (Reuters) - Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday.Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Pub...Read More
U.K. Prime Minister Theresa May is facing a vote of no-confidence from members of her own Conservative party on Wednesday. Here's what investors need to know about it and what it means for Brexit. The vote is expected after the London close, around 6 p.m. to 8 p.m. local time (1 p.m.-3 p.m. Eastern U.S. time), with results expected around 9 p.m. (4 p.m. Eastern). First of all, the leadership chall...Read More
KBW is cautious on the banking sector in 2019KBW is cautious on the banking sector in 2019, saying it does not "see enough positive catalysts emerging," and suggesting traders "stick with quality and self-help stocks." Additionally, the brokerage firm downgraded several bank stocks to "market weight" from "overweight," including Bank of America Corp (NYSE:BAC). KBW also dropped its BAC price targe...Read More
The choice may not be too surprising if you've followed the industryBrokerage firm Jefferies this morning issued a thorough note on the video game sector. Analyst Timothy O'Shea said a survey of 500 gamers pointed toward Take-Two Interactive Software, Inc.'s (NASDAQ:TTWO) "Red Dead Redemption 2" as the winner of the holiday season. TTWO shares are trading up 2.3% at $107.85 in response. Looking ba...Read More
Gold is, without a doubt, the most controversial asset class.However, efficient frontier models show that gold wins portfolio allocations for far greater amounts than the naive expectation would be.Gold holds key investment advantages over other commodities. Additionally, gold shows a positive skew in returns, meaning it tends to "melt up" rather than crash to the downside like equities....Read More
Trump said he would intervene in the Huawei exec's legal troubles "if necessary"Dow Jones Industrial Average (DJIA) futures are trading more than 200 points above fair value, after President Donald Trump chimed in on last week's arrest of Chinese tech exec Meng Wanzhou -- who was released on bail yesterday by a Canadian judge. Speaking to Reuters, POTUS said he "would certainly intervene" if he th...Read More
MELBOURNE- Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the U.S. economy, a government minister said on Wednesday.That comes as Washington is looking to diversify its sources of supply for 35 minerals used in smartphones, computers and military equipment amid a festering trade war with China."T...Read More
NVDA has shed nearly half its value since Oct. 2Perhaps no stock has fallen further from grace during the broad market sell-off than Nvidia Corporation (NASDAQ:NVDA). Today, the chip stock is down 0.6% in electronic trading, after RBC trimmed its price target to $230 from $260, but even that still represents a 55% premium to yesterday's closing perch of $148.19. Also adding pressure is a report ou...Read More