A California jury awarded a woman $29 million The shares of Johnson & Johnson (NYSE:JNJ) are down 0.9% at $138.16 in early trading, after a California jury awarded $29 million to a woman who claimed that the asbestos in the company's talcum-based powder gave her cancer. The blue chip said it would appeal.JNJ shares plummeted in mid-December, amid reports the company was aware of asbestosin its bab...Read More
Mizuho is very bullish on MSFT and CRMAnalysts this morning have issued new notes on tech stocks Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Salesforce.com, inc. (NYSE:CRM). Let's take a look at how Wall Street is viewing shares of AAPL, MSFT, and CRM. It's been a big week for Apple shares, which just notched their highest close since early December. The stock is up another...Read More
China's industrial output grew at its slowest rate in 17 yearsDow Jones Industrial Average (DJI) futures are trading modestly above fair value this morning, as traders digest a raft of headlines. While China's industrial output grew at its slowest pace in 17 years in the first two months of 2019, a Bloomberg report indicated a trade meeting between U.S. President Donald Trump and Chinese Presiden...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company's biggest in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities also ceased following the exhaustion of surface sto...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices, updates trade war)By Zandi ShabalalaLONDON, March 14 (Reuters) - Copper prices dropped onThursday as industrial output in top metals consumer China fellto a 17-year low in the first two months of 2019, while LMEstocks of the metal used in power and construction rose.Other Chinese data showed a mixed picture as the joblessrate climbed but property...Read More
(Updates prices) * British lawmakers vote on whether to delay Brexit later inday * Silver falls for first time in five sessionsBy Sumita LayekMarch 14 (Reuters) - Gold fell on Thursday, breaking belowkey technical support at $1,300, as the dollar edged up afterBritish lawmakers voted against a no-deal Brexit, while gains inEuropean stocks further dented bullion's allure.Spot gold was down 1 percen...Read More
(Adds details from GE, analyst comment, updates share price)By Alwyn Scott and SanjanaShivdasMarch 14 (Reuters) - General Electric Co ChiefExecutive Larry Culp on Thursday set conservative profit targetsfor this year and staked his reputation on hitting them anddoing better in 2020 and beyond, igniting a rally in the stock.Culp's detailed pep talk, which drew praise from Wall Streetanalysts on a c...Read More
* Lawmakers vote to seek Brexit delay * Traders now preparing for third vote on deal next week* Sterling swings wildly in unpredictable week * Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Writes through after parliamentary votes, adds quotes)By Tommy Wilkes and Sujata RaoLONDON, March 14 (Reuters) - Sterling retreated on Thursdayas investors prepared for Pri...Read More
Para Resources (TSXV: PBR) announced this week that it successfully tested the full CIP circuit at its Gold Road mine in Oatman, Arizona, including a test pour of gold.In a press release, the Vancouver-based miner said that a 40-ounce dor?(C) bar was poured on March 11, 2019, from the initial carbon strips after the entire plant was balanced.Para also reported that the full circuit of mining, crus...Read More
* FTSE 100 up 0.4 pct * FTSE 250 up 0.6 pct * Oil majors, financials lead gains* TUI jumps on analyst rating upgrade* Anglo American, CRH fall on ex-dividend trading * Just Group tanks after equity raising plans * Marshalls hits life high on upbeat results (Updates with closing prices)By Shashwat Awasthi and Muvija MMarch 14 (Reuters) - UK shares bagged another session ofgains as financials cheere...Read More
* Another Brexit votes loom * Goldman Sachs more optimistic * Leonardo top gainer after results * Lufthansa, autos falls (Adds closing prices, details)By Julien Ponthus and Helen ReidLONDON, March 14 (Reuters) - European shares rose to afive-month high on Thursday, boosted by strength in the bankingsector after Britain's parliament voted to reject a disorderlyBrexit.Sentiment improved from cautiou...Read More
Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More
Gold jumped to 4-hour 200-candle moving average (MA) of $1,311 earlier today, as expected, but failed to take out the key hurdle and is currently trading at $1,308. The hourly chart relative strength index (RSI) has rolled over from the overbought territory, creating lower highs in favor of the bears. Meanwhile, rejection at the 200-candle MA has strengthened the bearish case put forwa...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up Wednesday amid uncertainty about Brexit and the grounding of Boeing's (BA) 737 MAX 8 jets by the United States and many other countries. Roku (ROKU) dropped 14.1% after the stock was downgraded to sell from hold by analysts at Loop Capital, who left the price target unchanged at $45. Oaktr...Read More
The Wednesday Market Minute Wall Street futures suggest modest gains in cautious Wednesday trading as Brexit uncertainty continues to cast a pall over global financial markets.UK Prime Minister Theresa May will bring yet another make-or-break vote to parliament later today as lawmakers look to vote down the risk of a "no deal" Brexit.Boeing shares look to extend their biggest two-day decline in...Read More
Investing.com - Gold prices rose on Wednesday in Asia as traders opted for the safe-haven metal after U.K. Prime Minister Theresa May’s Brexit deal suffered another defeat in the British Parliament.Parliament rejected May’s withdrawal deal for the second time on Tuesday, raising concerns of a “hard-Brexit” scenario before the planned departure date on March 29.May would hol...Read More
By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More
By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More
Allianz Chief Economic Advisor and global macro strategist Mohamed El-Erian sits down with Andy Serwer editor-in-chief for Yahoo Finance to discuss how the United States is now perceived in the global economy, his career as an economist, the value of fundamentals, long term investing, challenges at Harvard University, the Federal Reserve and uncertainty with the economy.He also discusses how his d...Read More