TALLAHASSEE, Fla. (Reuters) - Showdowns in Georgia and Florida pitting black Democratic candidates against white Republicans supported by President Donald Trump headline the three dozen governors’ races being contested in Tuesday’s U.S. elections.In Georgia, Stacey Abrams is vying to become the nation’s first African-American female governor. She and Andrew Gillum in Florida woul...Read More
SYDNEY - Iron ore shipments to China from Australia's Port Hedland terminal fell 12 percent in October from a month earlier, port data released on Tuesday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 32.8 million tonnes in October, compared with September's 37.4 million tonnes, according to the Pilbara Ports Authority.The October figure was also down 7 percent...Read More
JOHANNESBURG - South Africa's Harmony Gold reported a 30-percent jump in quarterly total production, the miner said on Tuesday, boosted by its Hidden Valley and Moab Khotsong mines.Total gold production in the first quarter ended September jumped to 11,773 kg from 9,040 kg in the comparable quarter last year. The total gold production decreased by 2 percent quarter-on-quarter, the company said."We...Read More
JOHANNESBURG - South Africa's Harmony Gold reported a 30-percent jump in quarterly total production, the miner said on Tuesday, boosted by its Hidden Valley and Moab Khotsong mines.Total gold production in the first quarter ended September jumped to 11,773 kg from 9,040 kg in the comparable quarter last year. The total gold production decreased by 2 percent quarter-on-quarter, the company said."We...Read More
Puts have been popular for all three namesMorgan Stanley just doled out price-target hikes to auto parts stocks AutoZone, Inc. (NYSE:AZO), O'Reilly Automotive Inc (NASDAQ:ORLY), and Advance Auto Parts, Inc. (NYSE:AAP). The analyst in coverage sees the shares of AZO, ORLY, and AAPoutperforming in the next year, with tariff-related issues and e-commerce risks "at bay" for now. Morgan Stanley Sets...Read More
The stocks are moving in opposite directions todayAmicus Therapeutics, Inc. (NASDAQ:FOLD) and Mylan N.V. (NASDAQ:MYL) both reported third-quarter earnings yesterday evening, and analysts are reacting to the numbers. Below is a brief breakdown of this morning's trading action around shares of FOLD and MYL. FOLD Stock Down After Earnings Starting with Amicus, investors are picking through the numbe...Read More
NEW YORK - Gold-backed exchange-traded funds (ETFs) registered increased inflows to both North American and European funds during October, as tumultuous equity markets triggered flight-to-quality buying, the World Gold Council said on Tuesday.North American funds had inflows of $561 million while European funds posted inflows of $678 million last month, according to figures provided by the Council...Read More
SAN FRANCISCO (Reuters) - U.S. President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment.The S&P 500 has risen 28 percent since Trump’s election in November 2016 to the eve of congressional midterm elections on Tuesd...Read More
BEIJING (Reuters) - U.S. billionaire philanthropist Bill Gates unveiled on Tuesday in Beijing a futuristic toilet that doesn’t need water or sewers and uses chemicals to turn human waste into fertilizer.The Microsoft Corp (MSFT.O) co-founder, who a day earlier was one of the high profile guests at a major trade event in Shanghai, also lauded the globalized and free trade systems that made th...Read More
• Cautious mood underpins safe-haven demand and helps gain positive traction. • Subdued USD price action, ahead of the US midterm elections, remains supportive. • Fed rate hike expectations might keep a lid ahead of Thursday’s FOMC decision. Gold reversed an early dip to sub-$1230 level and is now holding with modest...Read More
LONDON - European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said.The LME is launching three hot rolled coil (HRC) steel futures covering Europe, North America and China early next year, and industry sources told...Read More
WASHINGTON (Reuters) - After a divisive campaign marked by fierce clashes over race, immigration and other cultural issues, Americans began casting votes early on Tuesday to determine the balance of power in the U.S. Congress and shape the future of Donald Trump’s presidency.The first national elections since Trump captured the White House in a stunning 2016 upset will be a referendum on the...Read More
LONDON, Nov 6 (Reuters) - Italian government bond yields rose further on Tuesday after Valdis Dombrovskis, vice president of the European Commission, said the Commission was considering sanction procedure against Italy if it does not revise its budget by Nov 13.Italy's 10-year government bond yield rose to a session high at 3.418 percent, up nine basis points on the day, pushing the Italy/Germany...Read More
ELF reported a Q3 profit beat and raised the low end of its full-year earnings forecastThe shares of e.l.f. Beauty Inc (NYSE:ELF) are up 18.8% this morning to trade at $13.19 -- on track for their best day ever -- after the discount cosmetics retailer reported adjusted third-quarter profit of 17 cents per share on $64 million in revenue, more than analysts were expecting. The company also raised t...Read More
ULTA has added 28% since the start of the yearUlta Beauty Inc (NASDAQ:ULTA) is higher in early trading, with the shares last seen up 0.7% at $287.03. Boosting the stock is a positive earnings reaction for e.l.f. Beauty (ELF), and a price-target hike from J.P. Morgan Securities to $337 from $282 -- an 18.1% premium to last night's close. This is the second bull note the beauty name has received thi...Read More
Tahoe Resources Inc posted a quarterly loss on Tuesday that was less then Wall Street expected although it widened from a year earlier, while the gold and silver miner predicted that its production for the year would be at the low end of guidance.Tahoe's Escobal silver mine in Guatemala, the world's second largest, has been effectively mothballed since last year after officials suspended the miner...Read More
(Reuters) - Control of both houses of the U.S. Congress and 36 state governorships are at stake in Tuesday's elections, which are widely viewed as a referendum on Republican President Donald Trump's first two years in the White House.The following is a look at what will influence the outcome:U.S. HOUSE OF REPRESENTATIVESOne in four Americans lives in the 125 congressional districts where no party...Read More
LONDON (Reuters) - European shares sagged and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and potentially lively sessions ahead.Japan [.T] and Hong Kong had helped Asia overcome another Chinese wobble [.SS], but Europe [.EU] was in the 0.4 percent red as investors pounced on corporate earnings misses and pre-market caution drag...Read More
(Reuters) - CVS Health Corp’s (CVS.N) third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription drugs as well as consumer health and beauty products.Quarterly same-store sales at front-end stores rose 0.8 percent in contrast to analysts’ expectation of a 0.8 percent drop despite brick-and-mortar drugstore chains like CVS coming un...Read More
GENEVA/LONDON (Reuters) - Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but urged European countries that oppose the U.S. sanctions to do more to shield Iran.The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action to stop what Washington called its “outlaw”...Read More