Elliott Management is pushing for changes at the online retailerThe shares of eBay Inc (NASDAQ:EBAY) are up 12.1% to trade at $34.50, after the Wall Street Journal reported Elliott Management and Starboard Management hold stakes in the online retailer. Additionally, the former unveiled a letter sent to EBAY's board of directors outlining a five-point plan -- which includes dropping StubHub -- that...Read More
South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More
South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More
This company's innovative products have industry heavyweights paying close attention as they work towards becoming a leader in the VR and AR multi-billion dollar markets.With the enormous potential for VR and AR, both technologies have created interest and excitement through multiple industries and corporate sectors.Building on its past work for some of the most noteworthy companies in the world,...Read More
Earnings from JNJ and TRV are out this morningComing off a fourth straight weekly win, U.S. stocks are indicating a lower open this morning. Dow Jones Industrial Average (DJI) futures are trading more than 100 points below fair value, as traders consider earnings from blue chips Johnson & Johnson (JNJ) and Travelers Companies (TRV), with IBM (IBM) set to report after the bell. Despite the heavy ea...Read More
Full-year production at Barrick Gold's Loulo-Gounkoto mining complex in Mali, which the Canadian miner obtained as part of its merger with Randgold, fell shy of expected targets, mainly as a consequence of a week-long strike at the operation, the company said.The Mali-based operation, one of the pillars of the country's economy since Loulo went into production in 2005, produced 1.29 million gold o...Read More
MO short sellers have been cashing outThe shares of Altria Group Inc (NYSE:MO) aredown 2.4% in electronic trading, after Morgan Stanley downgraded the tobacco name to "underweight" from "equal-weight," while trimming its price target to $45 from $54. The analyst in coverage lowered their earnings growth forecast, and warned that Altria's business algorithm is at risk from changing demographic tr...Read More
What to expect as the rebound rally carries the S&P 500 Index toward overbought status "...the fact that the S&P 500 Index (SPX) took out its 2018 lows gives more credence to a V-rally...After moving above the February 2018 daily closing low of 2,581 on Wednesday, the SPX didn't make much headway. Profit-taking may have slowed the momentum, as the SPX climbed to the 2,586 area, a round 10% above t...Read More
(Adds details on Huawei extradition, graphic, U.S. futures) * European shares follow Asia lower, UBS results disappoint * U.S. futures down after Wall Street was closed on Monday * Brexit plans remain uncertain but UK employment datastrong * IMF downgrades world growth forecasts again * Asian stock markets: By Marc JonesLONDON, Jan 22 (Reuters) - Pessimism about global growthdrove down world share...Read More
* China aluminium smelters losing $145/T -Commerzbank * China zinc production 'very weak' -Deutsche Bank * Stocks slump on IMF growth forecasts, China data (Adds closing prices, detail)By Maytaal AngelLONDON, Jan 22 (Reuters) - Aluminium prices hit theirhighest in nearly a month on Tuesday as investors brushed offweaker economic growth in China to focus on signs of fallingproduction.Trading volume...Read More
* European shares in the red* Platinum recovers from lowest in nearly three weeks * Palladium slips 1.4 pct (Updates prices, adds comment)By Eileen SorengJan 22 (Reuters) - Gold bounced back on Tuesday frommulti-week lows touched in the previous session as mountingconcerns of an economic slowdown exacerbated by a cut in theInternational Monetary Fund's global growth forecast droveinvestors to the...Read More
Shares of Pan American Silver (TSX, NASDAQ:PAAS), the miner that recently acquired precious metal miner Tahoe Resources, (TSX:THO) (NYSE:TAHO) creating one of the world's largest silver producers, fell in pre-market trading after it reported full year production was marginally below guidance.The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-2...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
* FTSE 100 down 1 pct; FTSE 250 down 0.4 pct * UBS results weighs on financials * Oil majors, miners among major blue-chip drags * easyJet climbs to outperform main index * Mid-cap IG Group sinks after trading update * Pets at Home posts best day ever (Adds company news items, analyst comment, updates to closingprices)By Shashwat AwasthiJan 22 (Reuters) - Britain's FTSE 100 posted its worst dayin...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had...Read More
Gold is under pressure in Asia, having witnessed range breakdown on Jan. 18. The International Monetary Fund (IMF) trimmed global growth forecasts on Monday. Sino-US trade talks are making little progress on key issues. The S&P 500 futures are reporting losses at press time. Even so, the yellow metal is struggling to find bids. Gold is currently trading at $1,278; down 0.37 percent on the da...Read More
Spot gold was up 0.3 percent at $1,283.40 an ounce at 12:48 p.m. ET.Dollar stands near 2-week highs.Palladium below record highs touched last week.Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold held firm on Tuesday, propped by interest from investors seeking refuge from concerns over slowing global growth, while gains for the metal were limited as the dollar held near a multi-we...Read More
While catalysts are in place for gold to rally in 2019, silver will be the outperforming asset next year, said Todd "Bubba" Horwitz of bubbatrading.com. "I think silver will be up near $18 to $20 [an ounce] and I think silver is going significantly higher too and I expect it, in the next couple of years, to close the ratio between gold and silver. I expect silver to be stronger than gold when it...Read More
Nobody would disagree that the economy is currently in good shape, and nobody would disagree that it's in the best shape it's been in for a long time. But there's one reason it is particularly susceptible to a shock that could trigger a recession. The economy has grown to close to 5% GDP growth this year, but achieving that growth rate has taken the U.S. a very long time during this painful...Read More