PARIS (Reuters) - While France has experienced political turbulence and disappointing economic data in recent months, beneath the surface are signs of deeper change that suggest President Emmanuel Macron’s reform drive is starting to bear fruit.For much of this year, the 40-year-old president and former investment banker has had to endure less-than-thrilling news on the economic front, with...Read More
Get ready for an influx of pot stock profits.On October 17th, marijuana will be 100% legal in Canada.That's sparking a new wave of IPOs. And shares could surge 501% - 1,364% in the coming weeks - just like the recent weed stock IPOs.One investor's research has uncovered a secret way to access red hot IPO shares.Click here right now for details on this urgent trading situation.Canada is the first c...Read More
Harmony GoldMining Co. Ltd. (NYSE: HMY) reports that an employee died after falling from aheight while working in the shaft bottom at its Kusasalethu mine nearCarletonville on Friday. An investigation into the accident is under way.“Management expresses their deepest condolences to the deceased employee’sfamily, friends and colleagues,” Harmony says. By Allen Sykora For Kitco New...Read More
Harmony Gold Mining Co. Ltd. (NYSE: HMY) reports that an employee died after falling from a height while working in the shaft bottom at its Kusasalethu mine near Carletonville on Friday. An investigation into the accident is under way. “Management expresses their deepest condolences to the deceased employee’s family, friends and colleagues,” Harmony says. By Allen Sykora For Kit...Read More
A key festival brought little activity to the physical gold market in India this week as purchases remained significantly lower than normal with domestic prices jumping to the highest in more than two years.Demand in India, the second biggest gold consumer after China, usually strengthens towards the end of the year during the traditional wedding season and major festivals including Diwali and Dus...Read More
(Kitco News)- Goldprices continue to hold on to modest gains, following weaker-than existing homesales data, from the National Association of Realtors (NAR).Existinghome sales were slightly down, showing a seasonally adjusted and annualizedrate of 5.15 million in September. Economists were expecting to see asales rate of 5.29 million units.Goldprices were largely unchanged after the data was relea...Read More
(Kitco News) - Gold prices continue to hold on to modest gains, following weaker-than existing home sales data, from the National Association of Realtors (NAR).Existing home sales were slightly down, showing a seasonally adjusted and annualized rate of 5.15 million in September. Economists were expecting to see a sales rate of 5.29 million units.Gold prices were largely unchanged after the data wa...Read More
(Reuters) - Procter & Gamble Co (PG.N) reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.Organic sales, which exclude revenue from newly acquired units, enjoyed growth of 4 percent, the best in five years.Sales surged 5 perce...Read More
FRANKFURT (Reuters) - The European Central Bank’s policy meeting will be relegated to a sideshow next week as the wrangle over Italy’s budget takes the main stage.The Italian government is looking to boost spending in the hope of engineering faster economic growth.But its resolve to breach European Union fiscal rules will be put to the test as it faces a rebuke from the Commission, dow...Read More
Streaming stock ROKU also got an upgradeWalt Disney Co (NYSE:DIS) is trading up 1.4% this morning at $117.75 and earlier hit a three-year high of $118.13 after a bull note out of Barclays. The firm upgraded the blue chip to "overweight" from "equal weight" and boosted its price target to $130 from $105, representing all-time-high territory and a 12% premium to last night's close at $116.18. Barcla...Read More
When gold’slatest Commitment of Traders (CoT) report was released last Friday, we learnedspeculators boosted their net-short position in bullion futures and options tothe largest level since at least 2006 in the week ended Oct. 9th.During the previous session on October 11th, gold posted the biggestdaily rise since the Brexit vote as a surge in safe- haven demand saw managedmoney speculators...Read More
When gold’s latest Commitment of Traders (CoT) report was released last Friday, we learned speculators boosted their net-short position in bullion futures and options to the largest level since at least 2006 in the week ended Oct. 9th. During the previous session on October 11th, gold posted the biggest daily rise since the Brexit vote as a surge in safe- haven demand saw managed money specu...Read More
FRANKFURT (Reuters) - European politicians have called for action to tackle dividend stripping after Reuters and other media revealed how large banks were involved in trading schemes that cost taxpayers billions of euros.In Germany’s biggest post-war fraud investigation, prosecutors in Cologne are investigating banks involved in the trades, which secured illicit double tax rebates on dividen...Read More
The online payment concern is paring some of its October lossesShares of PayPal Holdings Inc (NASDAQ:PYPL) are soaring in early trading, last seen up 8.6% at $84.17, after the company last night reported an impressive third-quarter profit beat. The firm also highlighted a record in net new active accounts and encouraging engagement metrics, and said Venmo payments grew 78%. In response, the stock...Read More
LONDON, Oct 19 (Reuters) - The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages.LME nickel stocks have shrunk by about 40 percent this year, largely from warehouses in Malaysia, Taiwan and Singapore, but much of that metal is not being consumed, industry sour...Read More
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 sq...Read full newsRead More
Car parts maker ZF Friedrichshafen said on Friday it acquired a 35 percent stake...Read full newsRead More
BEIJING, Oct 19 (Reuters) - A Shenzhen-based commodity exchange controlled by Hong Kong Exchanges and Clearing unexpectedly began spot trading on Friday, giving the HKEX much-coveted access to mainland China's market.The launch of Qianhai Mercantile Exchange (QME), located just 50 kilometres (30 miles) from Hong Kong, brings to an end a long wait for HKEX and its chairman Charles Li, who bought th...Read More
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekl...Read full newsRead More
The retail stock is on track to carve out a new annual low this morningThe shares of eBay Inc (NASDAQ:EBAY) are 5.8% lower ahead of the bell, after Stifel downgraded the retail stock to "hold" from "buy," while slashing its price target to $35 from $43. The analyst in coverage cited weakening gross merchandise volume (GMV) trends, which were highlighted in PayPal's (PYPL) quarterly report last nig...Read More