(Kitco News) - Gold prices are sharply higher and near their daily highs inlate-morning trading Thursday. The precious metals are getting a solid boostfrom a big drop in the U.S. dollar index today, showing its largest daily lossin quite some time. December gold was last up $18.20 an ounce at $1,233.20.By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The v...Read More
Square reports earnings on Nov. 7Like most of the stock market, the shares of Square Inc (NYSE:SQ) struggled in October, giving up more than 25%. However, SQ stock recently sent up a pair of technical buy signals, and seasonality could bode well for the security. With earnings less than a week away, we decided to look at the prospects of a short-term Square rebound.After touching a record high of...Read More
Apple earnings are due after the close tonightIt's been a busy month for the shares of Apple Inc. (NASDAQ:AAPL), per the stock's 30-day historical volatility of 34.6% -- in the 95th annual percentile. Today, the security is down a modest 0.1% to trade at $218.55, but the options market is pricing in a larger-than-usual move after the iPhone maker reports earnings later tonight.At last check, Trade...Read More
NEW YORK (Reuters) - BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Thursday the United States is on a path to a full-fledged trade war against China as the world’s two largest economies engage in tit-for-tat tariffs.Fink is one of the most influential figures in global finance, who keeps up relations with politicians in many countries as leader of the world’s largest fund ma...Read More
NEW DELHI (Reuters) - India’s environment minister blamed the Delhi government and its neighboring states for failing in their efforts to check air pollution which was six times above the recommended limit on Thursday, posing severe health risks.The minister, Harsh Vardhan, said in a statement that efforts by state governments, including Punjab and Haryana, to bring down incidents of widespr...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump in a tweet on Thursday said he had a “very good” talk with Chinese President Xi Jinping on trade and North Korea and that the two planned to meet at the upcoming G-20 summit.“Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade,” Trump w...Read More
The shares are in territory not charted since August 2017Veeco Instruments Inc. (NASDAQ:VECO) stock is getting destroyed this morning, after the chipmaker revealed that it recently discovered a cyber attack that may have compromised confidential customer information. Adding salt to the proverbial wounds, the firm reported weaker-than-expected third-quarter revenue, and issued current-quarter guida...Read More
(Reuters) - U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost risk sentiment.The Dow Jones Industrial Average .DJI rose 26.32 points, or 0.10 percent, at the open to 25,142.08.The S&P 500 .SPX opened higher by 5.84 points, or 0.22 percent, at 2,717.58. The Nasdaq Composite .IXIC gained 21.92 points, or 0.30 percent...Read More
WASHINGTON (Reuters) - The U.S. Justice Department is set to announce multiple criminal charges on Thursday against two former Goldman Sachs Inc (GS.N) bankers and Malaysian financier Jho Low tied to the Malaysia 1MDB sovereign wealth fund scandal, the Wall Street Journal reported.Citing sources familiar with the case, the Wall Street Journal said Tim Leissner, former partner for Goldman Sachs in...Read More
SBUX has added 23% since late JuneThe shares of Starbucks Corporation (NASDAQ:SBUX) are down 0.1% to trade at $58.23 this morning. The coffee giant just announced the release of its red-and-green holiday cups, but more importantly, will report fiscal fourth-quarter earnings after the close tonight. Over the last eight quarters, Trade-Alert data shows SBUX making an average move of 3.3% in the...Read More
(Kitco News) - Gold prices ticked up and were trading near daily highs after the headline manufacturing index from the Institute for Supply Management missed expectations and came in at 57.7% in October. Market consensus called for the index to come in at 59%. October’s monthly decrease marked a 2.1-percentage point drop from September’s reading of 59.8%.Readings above 50% in such diff...Read More
(Kitco News) - Gold prices ticked up and were trading near daily highs after the headline manufacturing index from the Institute for Supply Management missed expectations and came in at 57.7% in October. Market consensus called for the index to come in at 59%. October’s monthly decrease marked a 2.1-percentage point drop from September’s reading of 59.8%.Readings above 50% in such diff...Read More
LONDON (Reuters) - The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been clinched.The deal being discussed would be based on the EU’s existing system of financial market access known as ‘equivalence’ - a watered-down...Read More
Mr. Derek White reportsASCOT DRILLING AT UNICORN INTERSECTS MORE HIGH-GRADE GOLDAscot Resources Ltd.'s diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted high-grade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Misso...Read More
Mr. Derek White reportsASCOT DRILLING AT UNICORN INTERSECTS MORE HIGH-GRADE GOLDAscot Resources Ltd.'s diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted high-grade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Misso...Read More
WASHINGTON (Reuters) - New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.Other data on Thursday showed worker productivity slowing in the third quarter, but still growing at a relatively decent clip and compensation surging, adding to recent reports and anecdotal...Read More
SAN FRANCISCO/DUBLIN (Reuters) - Over 1,000 Google employees and contractors in Asia and Europe staged brief midday walkouts on Thursday, with more expected to follow at offices worldwide, amid complaints of sexism, racism and unchecked executive power in their workplace.In a statement late on Wednesday, the organizers called on Google parent Alphabet Inc (GOOGL.O) to add an employee representativ...Read More
The streaming stock just wrapped up its worst month on recordWedbush upgraded Roku Inc (NASDAQ:ROKU) stock to "outperform" from "neutral," saying the streaming name has positioned itself as "the best in class option for over-the-top advertising." However, in the wake of the equity's sharp October loss, the brokerage firm cut its ROKU price target to $65 from $73, though this is still a 17% premium...Read More
AMSTERDAM, Nov 1 (Reuters) - ArcelorMittal, the world's largest steelmaker, expects its financial results to improve in the coming months as global economic growth drives demand and U.S. tariffs lead to higher prices for the metal.Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations, while sales rose 5...Read More
NEW YORK (Reuters) - U.S. online spending during the holiday shopping season is likely to grow 14.8 percent this year to $124.1 billion, far outpacing the 2.7 percent growth predicted for brick-and-mortar locations and highlighting the ongoing switch from stores to web shopping.The forecast was released on Thursday by Adobe Analytics, the web analytics arm of Adobe Systems Inc. The company measure...Read More