Daily Mail, Released on 10/27/21His attorneys proposed that he was fired 'out of the clear blue sky' because he was a white man, and that the move was Continue... White male exec wins $10million 'reverse discrimination' payout after he was replaced by two women - one of whom is black - as part of diversity and inclusion program added by Herman James on 10/28/2021View all posts by Herman James ?+'Read More
The Hill, Released on 10/27/21Compared to last year, higher-ups at the fast-food chain anticipate menu prices in the U.S. to increase to roughly six percent this year Continue... McDonald's hikes prices six percent to offset inflation from wage increases, supply costs added by Herman James on 10/28/2021View all posts by Herman James ?+'Read More
The effective federal funds rate - the official federal funds rate - gutters along at a scarcely registering 0.08%.But is the official rate the true rate? A leading question, to be certain. We would not otherwise raise it.What then is the true federal funds rate? Why does it matter?Today we hunt our answers in the "shadows"... drive a penetrating light through the murk... and illuminate our findin...Read More
Interra Copper (CNSX:IMCX) said today its geophysical and geochemical support its thesis of a nearby copper porphyry system. The company is focused on its Thane Property in north-central British Columbia. "Our Thane property has continued to produce the positive geological results we have come to expect after 9 years of investment in the project. The identification of 5 solid bulk-tonnage copper g...Read More
Pretivm Resources (TSX/NYSE: PVG) announced today a new high-grade gold exploration discovery at the Golden Marmot Zone on its Brucejack Property in Northern British Columbia after a new drill program. The company said highlights included:SU-786 intersected 72.5 grams per tonne gold over 53.5 meters, including 6,700 grams per tonne gold and 3,990 grams per tonne silver over 0.5 meters and includin...Read More
Yesterday inflationary fears stoked the fires of gold bulls taking the precious yellow metal above $1800 for the first time since the middle of September. Although rising inflationary concerns did not diminish, a robust U.S. stock market coupled with dollar strength took gold lower, back below $1800. As of 5:45 PM EDT gold futures basis, the most active December 2021 contract is currently trading...Read More
Last time Bitcoin hit an all-time high in 2017, the price corrected and stayed flat for 2 years before regaining momentum in 2020. Lyn Alden, founder of Lyn Alden Investment Strategy, said that there are too few historical precedents to draw from in order to conclude that this time will be the same. "[A crypto winter] certainly could happen. There are a couple of factors that I think are different...Read More
By Marcelo Rochabrun and Marco Aquino LIMA, Oct 26 (Reuters) - Peru's Antamina copper and zincmine, which is part-owned by Glencore and BHP Billiton, said on Tuesday that protesters had blocked a road ituses, demanding that the company honor its commitments to thelocal area. The demonstration is the latest in a string of protestsagainst mining companies that have broken out since PresidentPedro Ca...Read More
By Keith WeinerContributing tokitco.com Follow @KitcoNewsNOWkeith@monetary-metals.comwww.monetary-metals.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - First Quantum Minerals (TSX: FM) today reported that in Q3 2021, its total copper production of 209,859 tonnes was up 5% from Q2 2021 and virtually unchanged compared to Q3 2020 (211,396 tonnes).The co...Read More
DETROIT (Reuters) - General Motors Co's electric commercial vehicle business, BrightDrop, will build out a dedicated dealer network to drive growth, the unit's head said on Tuesday.While Travis Katz, BrightDrop's chief executive, did not disclose how many dealers will be in the network, he said it will be smaller than GM's retail network and focused in urban markets. The locations will be tailored...Read More
Oct 26 (Reuters) - U.S. President Joe Biden will probably advance a "whole slate" of nominees to the Federal Reserve Board, which may or may not include Jerome Powell, Senator Sherrod Brown said on Tuesday in remarks that appeared to signal his openness to the renomination of Powell as Fed chair.In an interview with Bloomberg Television, Brown said he had spoken with Biden "just the other day" abo...Read More
NEW YORK/ZURICH (Reuters) -Swiss bank UBS wants to build a digitally scalable advice model for affluent clients in the Americas with up to $2 million to invest, it said on Tuesday as it reported third-quarter earnings.As part of its new 2025 strategic vision, which Chief Executive Ralph Hamers said would be presented in February, the bank intends to provide wealthy clients in the Americas with a "...Read More
Oct 26 (Reuters) - U.S. Senate Democrats are now hoping to have a deal on the framework of President Joe Biden's social safety net package by the end of Wednesday, CNN reported on Tuesday. (Reporting by Kanishka Singh in Bengaluru, Editing by Franklin Paul) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made ev...Read More
Oct 26 (Reuters) - Gains in Tesla, Nvidia and other heavyweight technology names helped the benchmark S&P 500 index scale a record high on Tuesday, while upbeat results from UPS and GE added to optimism around the third-quarter earnings season.Tesla Inc (TSLA.O) rose 1%, extending a record run that helped the electric-car maker surpass $1 trillion in market value on Monday after landing its...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Newlox Gold (CSE: LUX)announced Tuesday that its local mining partners have commenced operations atthe historic Boston gold mine in Costa Rica. "The miners have startedactively mining at Boston to esta...Read More
NEW YORK, Oct 26 (Reuters) - The negative impact of currency fluctuations on corporate results for North American companies fell in the second quarter of this year from the previous quarter, data from treasury and financial management firm Kyriba showed on Tuesday.The collective exchange rate hit, including on companies in the United States, Canada and Mexico, was $2.32 billion in the second quart...Read More
NEW YORK/LONDON, Oct 26 (Reuters) - Equity markets gained globally on Tuesday, as upbeat corporate earnings continue to buoyWall Street stocks, though investor concerns lingered over supply chain problems sparked by the coronavirus pandemic.Facebook Inc (FB.O) kicked off the earnings season for technology giants by reporting a 17% jump in its third quarter profit on Monday. Alphabet Inc (GOOGL....Read More
WASHINGTON, Oct 26 (Reuters) - The World Bank's board has turned down a request by IMF Managing Director Kristalina Georgieva for a meeting to defend herself against claims that she pressured staff to alter data as the bank's CEO in 2017, according to two sources briefed on the situation.An attorney hired by Georgieva asked for the meeting in a 17-page letter on Friday to the dean of the bank's bo...Read More
(Updates prices, adds chart)LONDON, Oct 26 (Reuters) - Sterling rose to 20-month highs against the euro on Tuesday, driven by diverging interest rate expectations for Britain and the euro zone, especially after data showed UK full-time earnings rising by the most since 2008.Money markets are pricing in a rate hike by the Bank of England before the end of the year and expectations of further tighte...Read More