"More oversupply narrative disruption happening $MIN#lithium Production start delayed at Mineral Resources Wodgina lithium project https://t.co/v49MuoHzd0"Read full newsRead More
"Janet Yellen, the former chair of the US, Federal Reserve has sounded the alarm over plunging loan standards. Read the full story: https://t.co/kGA5UEfxdT"Read full newsRead More
The Dow and Nasdaq are higher, tooThe Dow Jones Industrial Average (DJI) is on the rebound today, up more than 350 points as earnings season hits high gear. A positive reaction for Microsoft's (MSFT) quarterly results has the tech stock at the top of the Dow, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both confidently higher as well, with the former set to snap its six-day los...Read More
WASHINGTON/NEW YORK (Reuters) - The two bombs sent to former Vice President Joe Biden and a third to actor Robert de Niro on Thursday were similar to the devices intended for several other high-profile Democrats and critics of U.S. President Donald Trump, authorities said.None of the 10 devices exploded but authorities stepped up a manhunt for the serial bomber amid a contentious campaign season a...Read More
RIYADH (Reuters) - Saudi Arabia’s investment forum was designed to showcase the kingdom’s new future away from oil, but it was black gold and old allies that rescued this week’s event from the furor over the killing of journalist Jamal Khashoggi.Riyadh inked multi-billion dollar agreements, mainly energy deals, despite a boycott of the event by dozens of high-level Western politi...Read More
GDX believers look set for a painful smackdownAfter spending the first half of this year extending the range-bound price action that characterized its trading in 2017, the VanEck Vectors Gold Miners ETF (GDX) made a fast break below the "lower rail" of its sideways channel around $21 in early August. The commodity fund's rapid bearish momentum had it slicing through former support at its 160-week...Read More
(Writes through)By Francesco Canepa and Balazs KoranyiFRANKFURT, Oct 25 (Reuters) - Italy would need to secure a bailout from the European Union if it is to receive any help from the European Central Bank to bring down its borrowing costs on financial markets, the ECB’s President Mario Draghi said on Thursday.The European Commission rejected Italy’s draft 2019 budget this week, saying...Read More
WASHINGTON (Reuters) - Contracts to buy previously owned homes unexpectedly rose in September, a bright mark in the United States' struggling housing market although contracts on an annual basis have fallen for nine consecutive months.The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, rose 0.5 percent to a reading of 104.6. The...Read More
Robust global steel production numbers released on Wednesday gave another boost to the price of iron ore, sending the steelmaking raw material to the highest price since early February this year.Benchmark prices at the Chinese port of Qingdao of 62% Fe content ore jumped nearly 2% on Thursday to trade at $76.04 per dry metric tonne, according to data supplied by Fastmarkets MB. Steelmaking coal...Read More
Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
Both names are set to report after tonight's closeAmazon.com, Inc. (NASDAQ:AMZN) is slated to report third-quarter earnings after tonight's close. Currently, Trade-Alert pegs the implied earnings deviation at 9.1%, more than doubling the 4% move the FAANG stock has averaged over the last two years. Five of those eight earnings reactions have been positive, including the past four in a row, while j...Read More
LONDON (Reuters) - When the U.S. Federal Reserve issued a statement of 250 words after raising interest rates last month, markets focused on just one: accommodative. And it wasn’t even mentioned.The omission of a word that had featured in Fed statements for years sent bond yields lower as investors interpreted it as a signal the Fed’s policy stance was no longer accommodative - so rate...Read More
(Reuters) - Paints and coatings maker PPG Industries (PPG.N) said its board unanimously backed Michael McGarry as Chairman and CEO, in response to Nelson Peltz-owned Trian Fund Management’s call for his ouster.Peltz’s Trian Fund, which owns a 2.9 percent stake in PPG, had reportedly asked for the current CEO to be replaced by his predecessor, Charles Bunch, in a bid to improve performa...Read More
FRANKFURT (Reuters) - The European Central Bank kept policy unchanged as expected on Thursday, staying on course to claw back unprecedented stimulus even as the growth outlook continues to darken and political turmoil in Italy looms large over the currency bloc.Having exhausted much of its firepower with years of support, the ECB reaffirmed that its 2.6 trillion euro ($2.97 trillion) asset purchas...Read More
BUDAPEST (Reuters) - Hungary’s Central European University, a graduate school founded by U.S. financier George Soros, said it was being forced out of the country by the nationalist government and would switch to enrolling new students in Vienna if it did not get guarantees of academic freedom by Dec. 1.The U.S. billionaire, who promotes liberal causes through his charities, has been the subj...Read More
(Kitco News) - Gold prices have given back moderate early gains in late-morningtrading Thursday, at the same time U.S. stock indexes are trading near theirdaily highs and are posting solid gains. However, there is a lot of the sessionleft to trade today and the stock indexes are likely to remain volatile. Look for gold to trade in an inverse relationship withthe stock indexes the rest of today, an...Read More
WASHINGTON (Reuters) - A body of U.S. state banking regulators on Thursday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and puts consumers and taxpayers at risk.The Conference of State Bank Supervisors (CSBS) said it had filed a complaint in the U.S. District Court for the District of Columb...Read More
"Volkswagen und Glencore: Weshalb Autobauer sich zunehmend mit der Minen-Industrie auseinandersetzen m? 1/4 ssen #mining #kupfer #kobalt #EV https://t.co/v9U4Z327OO"Read full newsRead More
WASHINGTON (Reuters) - The record numbers of women running for office in the United States this year are mostly Democrats, and their party is banking on their candidacies and a widening gender gap on key issues to achieve big wins in the Nov. 6 elections.Reuters/Ipsos polling two weeks ahead of Election Day showed Democrats with a 5-percentage-point lead over Republicans among likely voters in the...Read More
"Excellent story @ Global Mining Observer - #Glencore & Volkswagen: When Carmakers Drove into the Mining Industry - The inside track on how #VW tried to buy-up the #cobalt market #EV https://t.co/mNeI00HudK"Read full newsRead More