Apple (AAPL) weighed heavy on the Nasdaq todayU.S. stocks struggled for direction today, before ultimately closing lower. Specifically, the Nasdaq ended lower as tech stocks weighed heavy, including FAANG member Apple (AAPL). Tech also succeeded in dragging the Dow and S&P into the red by the closing bell. As such, and in light of a weaker-than-expected report on September retail sales, many trade...Read More
ROME (Reuters) - Italy’s cabinet on Monday approved the country’s expansionary 2019 budget bill, Prime Minister Prime Minister Giuseppe Conte said.Conte told reporters the budget “keeps our promises while keeping public accounts in order”, adding that the government had sent the budget framework to the European Commission in Brussels for its review.Reporting by Giuseppe Fon...Read More
(Reuters) - A drop in technology stocks on Monday kept pressure on Wall Street and led the Nasdaq lower, but the S&P 500 and Dow Jones Industrial Average eked out slim gains as defensive sectors rose, while traders also pointed to technical support.Apple (AAPL.O) fell 1.5 percent and weighed the most on the three major indexes after Goldman Sachs said there were multiple signs of rapidly slowi...Read More
WASHINGTON (Reuters) - Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter.After Tuesday, when the district council is expected to vote on whether rentals on platforms like Airbnb and HomeAway can continue in the U.S. capital, Howard’s lis...Read More
WASHINGTON (Reuters) - The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.The deficit for the fiscal year - or the 12 months through September - was the largest since 2012.The data also showed a $119 billion budget surplus i...Read More
Mike Gleason: It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic Collapse: How to Thrive When Oil Costs $200 a Barrel, and Game Over: How to Prosper in a Shattered Economy. He's also the...Read More
The world's biggest miner BHP on Tuesday upped its share in SolGold Plc, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador.Under the deal, SolGold will issue a 100 million shares to the company, raising its stake to 11.2 percent from 6.0 percent.BHP has agreed to pay 45 pence per SolGold share, which is offered at...Read More
NEW YORK (Reuters) - The U.S. dollar dipped on Monday after retail sales data for September missed economists’ expectations, and as benchmark U.S. Treasury yields consolidated after hitting seven-year highs last week.U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.Retail...Read More
MUMBAI (Reuters) - Amazon’s investment in an extensive delivery network, and offering installation services and monthly payment plans, helped make large appliances a major category during its annual festive sale, the head of its Indian business said on Monday.The bulk of orders for goods such as washing machines and refrigerators came from India’s smaller towns and cities, said Amit Ag...Read More
OTTAWA (Reuters) - Mexican Economy Minister Ildefonso Guajardo on Monday discussed his concerns about new Canadian tariffs on steel during a call with Foreign Minister Chrystia Freeland, a Canadian government source said.Guajardo said last week he rejected Canada's move to impose new quotas and tariffs on imports of seven categories of steel from many countries, including Mexico.Reporting by David...Read More
NEW YORK (Reuters) - JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.The cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc (G...Read More
Gold futures rose Monday to settle at their highest since late July as benchmark stock indexes mostly declined and a leading dollar index weakened. December gold GCZ8, -0.31% rose $8.30, or 0.7%, to settle at $1,230.30 an ounce. That was the highest finish for a most-active contract since July 31, according to FactSet data. Meanwhile, December SIZ8, -0.24% silver rose 9.2 cents, or 0.6%, to $14....Read More
(Kitco News) - Scientists backed by the U.S. Army have developed a new gold-silver alloy that would lighten U.S. military’s devices as well as make them more powerful, according to a new study.The new alloy comes from the U.S. Army Research Laboratory — completed in conjunction with the University of Maryland and Brazil's Paulista State University.The discovery opens doors for lighter...Read More
Gold has been surging as traders seek safe-haven assetsGold prices have been climbing, as investors seek out safe havens amid the recent surge in stock market volatility. After gaining 1.4% last week, December-dated gold futures are up again today, last seen 0.7% higher at $1,230.30. Against this backdrop, options volume is accelerated on the SPDR Gold Shares (GLD), the VanEck Vectors Gold Miners...Read More
CGC is on pace for its highest close everSeveral cannabis-related stocks are higher today, ahead of the Oct. 17 legalization of recreational marijuana in Canada. In addition, Canopy Growth Corp (NYSE:CGC) stock is flying high -- and attracting option bulls -- on M&A news, and Cronos Group Inc (NASDAQ:CRON) shares are higher after inking a notable partnership.CGC Option Bulls Emerging Ahead of Big...Read More
The Dow stock is fresh off its worst week since February 2016Dow name Boeing Co (NYSE:BA) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that have attracted the highest amount of weekly options volume during the past 10 trading days. Names highlighted yellow are new to the list. BA is fresh off its worst week since...Read More
CAIRO (Reuters) - Qatari Minister of State for Defence Affairs Khalid bin Mohammed al-Atiyya met Turkey’s president Tayyip Erdogan in the presidential palace in Ankara, Qatar’s Defence Ministry said on Twitter on Monday.It added in a statement that they discussed the mutual relations between the two countries, and “the latest developments in the region”.Reporting by Nayera...Read More
BRUSSELS (Reuters) - European Council President Donald Tusk said on Monday the 27 states remaining in the bloc after Britain leaves must be ready for a no-deal Brexit, a scenario he said was “more likely than ever before”.“But let me be absolutely clear. The fact that we are preparing for a no-deal scenario must not, under any circumstances, lead us away from making every effort...Read More
GENEVA (Reuters) - Global foreign direct investment (FDI) fell by 41 percent to $470 billion in the first six months of this year, the lowest since 2005, preliminary figures from the United Nations trade and development agency UNCTAD showed on Monday.President Donald Trump’s U.S. tax reforms were the main cause of the slump, which followed a 23 percent fall in 2017, as American firms repatri...Read More
Meanwhile, KRYS stock is a huge winner todayThe Dow has traded on both sides of breakeven today, while tech stocks struggle. Three stocks in particular making notable moves are healthy drink specialist New Age Beverages Corp (NASDAQ:NBEV), gene therapy concern Krystal Biotech Inc (NASDAQ:KRYS), and retailer American Eagle Outfitters (NYSE:AEO). Below, we'll take a closer look at what's moving shar...Read More