(Reuters) - AT&T Inc posted a surprise gain in U.S. wireless subscribers on Wednesday but quarterly profit rose less than expected, held back by its declining satellite TV business, sending its shares down more than 3 percent before the bell.The second-largest U.S. wireless carrier has been reducing its dependency on the phone business with its $85-billion acquisition of Time Warner this year,...Read More
FRANKFURT (Reuters) - Deutsche Bank’s (DBKGn.DE) bleak third quarter results and revenue forecast overshadowed its assertion on Wednesday that it is on track to return to profit this year, knocking its shares.After three years of losses, a failed stress test, several attempts to restructure, a leadership shake-up and a ratings downgrade, many investors have lost faith in Germany’s bigg...Read More
GENEVA (Reuters) - The World Trade Organization is scrambling to develop a plan for the biggest reform in its 23-year history after U.S. President Donald Trump brought the world’s top trade court to the brink of collapse by blocking appointments of its judges and threatening to pull the United States out of the organization.Trump’s administration has targeted the WTO, the watchdog of g...Read More
JOHANNESBURG (Reuters) - South Africa said on Wednesday that the United States had granted some local steel and aluminum producers exemptions from tariffs imposed by U.S. President Donald Trump this year.Trump’s decision to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum riled metals producers worldwide, though some major exporting nations secured exemptions f...Read More
(Kitco News) - Gold prices aremoderately lower in early U.S. trading, on a normal corrective pullback aftergood gains Tuesday that pushed prices to a nearly three-month high. Also, thereis a modest uptick in investor risk appetite at mid-week. December gold futures were last down $7.50 an ounce at $1,229.30. December Comex silver was last down$0.073 at $14.715 an ounce. Globalstock markets were mi...Read More
"Germany's factory orders contract for the first time in four years https://t.co/wDImYK1IkF"Read full newsRead More
Freeport-McMoRanInc. (NYSE: FCX) reports net income of $556 million, or 38 cents per share, inthe third quarter, roughly double $280 million, or 19 cents, in the same perioda year ago. Excluding special items, third-quarter adjusted net income was $514million, or 35 cents a share, the company reports. Third-quarter copper salesof 1.04 billion pounds were 8% higher than the July estimate of 970 mil...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Tuesday saw gold make an attemptto break out above our resistance level of $1,240, trading as high as $1,243before failing and closing below. As we wrote on Tuesday, we expected the firstrun at $1,240 to fail, and it did.The good news -- gold continuesto make higher lows. The next test of $1,240 should create a breakout to theupside, taking us to our next target of $1,275. At the same time, silver...Read More
Tesla Inc Chief Executive Elon Musk put electric heavy commercial trucks on the ...Read full newsRead More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Just the numbers coming out of China should be cause for concern for Beijing energy planners...Read full newsRead More
(Removes erroneous reference to price in paragraph 2) * All six LME industrial metals fall * Zinc touches 3-week high on supply fears * Zinc deficit grows to 76,200 tonnes in August-ILZSGBy Peter HobsonLONDON, Oct 24 (Reuters) - Industrial metals prices fell onWednesday, pushed lower by a stronger dollar and losses onglobal stock markets that reflected a lack of appetite for riskyassets, though zi...Read More
"Aussie dollar gold price near A$1730/oz, the highest level since July https://t.co/eZnTIAUWpK"Read full newsRead More
It's rare to see the VIX and SPX both higher year-to-date this late in the yearAfter yesterday's down day, the S&P 500 Index (SPX) is positive on the year by over 2%. The Cboe Volatility Index (VIX), however, has nearly doubled. The VIX is the 30-day implied volatility of the S&P 500 and it usually moves in the opposite direction as stocks. For each year since 1990 (the first year we have VIX data...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More