Caterpillar weighed on the Dow after a broadly negative session in ShanghaiU.S. stocks closed sharply lower in today's trading, extending the prior session's late-day Fed jitters. Heavy losses for Chinese stocks prompted weakness in big names like Caterpillar (CAT), which weighed on the Dow. And while the VIX snapped its four-day string of declines, the S&P 500 showed some resilience, battling bac...Read More
"$FPX.V CEO Martin Turenne provides some insights on the past, present and future of the #nickel market in this interview. https://t.co/tGR6kONwzD"Read full newsRead More
Susan Heavey, Sofia MenchuWASHINGTON/GUATEMALA CITY (Reuters) - President Donald Trump threatened to deploy the military and close the southern U.S. border on Thursday as Hondurans and Salvadorans joined thousands of migrants in Guatemala hoping to travel north.“I must, in the strongest of terms, ask Mexico to stop this onslaught - and if unable to do so I will call up the U.S. Military and...Read More
NEW YORK (Reuters) - Goldman Sachs economists on Thursday said the firm remained “comfortable” with its call for five more interest rate hikes — two more than priced in financial markets — through the end of 2019.In a note to clients, Goldman said it feels the Federal Reserve needs to generate a significant tightening in financial conditions to slow the economy to its poten...Read More
"#Gold buyers in India, the biggest market after China, may give jewelry stores a miss in the run-up to the Diwali festival this year https://t.co/4QkuSECW7w via @markets"Read full newsRead More
"@dankogaion @peterepstein2 True. Tons of complications. Anyway it will be challenging imho to bring lots of new supply online during the next 2-3 yrs. Especially high quality supply with battery grade. And then just look at the Drama in the Atacama. Exciting times ahead"Read full newsRead More
(Kitco News) - A trifecta of factors will keep gold prices higher for the rest of the year, according to one gold bull.“Last week, the macro backdrop produced an ideal cocktail for gold spot prices. The dollar was down, U.S. real rates were down, and U.S. equities were down. This ‘sweet’ triptych elicited a strong increase in monetary demand for gold, evident in positive ETF inve...Read More
(Reuters) - Goldman Sachs Group Inc (GS.N) will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday.“I was not planning to go and we had no senior executives going to the conference,” he said. “Dina Powell had been planning to go to the conference. She will not now be attending...Read More
CAT, MCD, VZ, MSFT, and TWTR will also step up to the earnings plateIt's a busy week ahead, with another round of housing data and the third-quarter gross domestic product (GDP) estimate on tap.Earnings season is full speed ahead, with several big names reporting, including Dow members Caterpillar Inc. (NYSE:CAT), McDonald's Corp (NYSE:MCD), and Verizon Communications Inc. (NYSE:VZ), as well as...Read More
Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More
Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More
Total proceeds from Mountain Province Diamonds' (TSX: MPVD) latest sale were $24.2 million netted from 366,505 carats, the company announced today."These results were in line with our expectations and reflect current market conditions. We saw good price bids for our better quality larger goods where, the majority of our value lies," said Stuart Brown, Mountain Province Diamonds president in a stat...Read More
BUENOS AIRES, Oct 18 (Reuters) - Argentina's peso closed slightly weaker on Thursday after the central bank sold another round of short-term debt with high interest rates.The peso was down 1.12 percent at 36.65 per U.S. dollar, traders said. It has fallen 1.77 percent in the last two days. So far in 2018, the peso has depreciated 49.11 percent.Earlier on Thursday, the central bank sold 152.373 bil...Read More
The shares fell to six-year lows after a handful of price-target cutsSubscribers to Schaeffer's Weekend Trader Series service just scored a 100% profit in five weeks with the Invesco Ltd. (NYSE:IVZ) January 2019 26-strike put . Below, we're going to take a look back at why we were bearish on the investment management concern, and how IVZ performed after we suggested the put option. When we ente...Read More
After several months during which gold moved almost entirely in reverse fashion to the dollar, ignoring other developments and barely acting as the haven asset it’s considered to be, this dynamic may be changing. Demand for the yellow metal seems to be picking up amid broader uncertainty in markets, evident by bullion prices remaining resilient lately even in the face of a soaring dollar. Wh...Read More
Steve Holland, Bulent UstaWASHINGTON/ISTANBUL (Reuters) - The top U.S. diplomat advised President Donald Trump on Thursday to give Saudi Arabia more time to investigate journalist Jamal Khashoggi’s disappearance even as Treasury Secretary Steven Mnuchin abandoned plans to attend an investor conference in Riyadh, putting the high-profile event in question.In Istanbul, Turkish investigators fo...Read More
Sector peer Proteostasis Therapeutics, on the other hand, is up over 300% todayProteostasis Therapeutics (PTI) scored a big win after reporting positive data for its cystic fibrosis drug in an early stage study. In response, sector peer Vertex Pharmaceuticals, Inc. (NASDAQ:VRTX) is lower today, down 3.5% to trade at $179.02, at last check. Options traders are hitting overdrive on Vertex today, w...Read More
The brokerage firm expressed concern over margins and same-store salesGap Inc (NYSE:GPS) is trading near the bottom of the S&P 500 Index (SPX) today, down 6.1% at $25.46, and fresh off a 13-month low of $25.34. The sell-off was sparked by a bear note at J.P. Morgan Securities, which downgraded GPS stock to "underweight" from "neutral," and slashed its price target by $6 to $24 -- the lowest on Wal...Read More
"New Carolin Gold Corp.(#TSXV: $LAD // #OTCBB: $LADFF) Announces Potential Quantity and Grade of Four Near-Mine Targets to Add to Carolin Mine [https://t.co/GrPErcocqD]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #resources #gold"Read full newsRead More
NEW YORK (Reuters) - The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy’s 2019 budget draft is in serious breach of EU budget rules.The step prepares the ground for what would be an unprecedented rejection of a member state’s fiscal plan.The euro EUR= tumbled to $1.455, its lowest against the greenback since Oct. 9, on the new...Read More