NEW YORK (Reuters) - The U.S. dollar index rose to a session high of 96.860 .DXY on Friday morning, holding near a two-month high, after headline third-quarter gross domestic product data topped estimates.The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years and a surg...Read More
(Reuters) - Snap Inc (SNAP.N) shares plunged 14 percent on Friday after the Snapchat-owner posted its second straight quarter of user losses and forecast further declines, a boost for Facebook Inc’s (FB.O) Instagram ahead of its results next week.At least four Wall Street analysts cut their price target as Snap’s much-criticized app redesign continued to weigh on daily active user numb...Read More
Mr. Chris Taylor reportsGREAT BEAR ANNOUNCES C$3.5 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARESGreat Bear Resources Ltd. has entered into an agreement with Cormark Securities Inc., pursuant to which Cormark has agreed to purchase one million common shares that qualify as flow-through shares of the company for the purposes of the Income Tax Act (Canada) at a price of $3.50 per flow-throu...Read More
Puts have been quite popular lately on MLNXWhile the broader semiconductor sector has had a rough week, Mellanox Technologies, Ltd. (NASDAQ:MLNX) is up today 12.8% in electronic trading, after the company hired a financial adviser to explore a possible sale. The chipmaker has received interest from at least two companies, according to a CNBC report. Should today's price action pan out, MLNX woul...Read More
Snap said DAUs fell by a wider-than-expected margin in the third quarterThe shares of Snap Inc (NYSE:SNAP) are spiraling in electronic trading, after the Snapchat parent's quarterly earnings results were met with a round of bearish brokerage notes. At last check, SNAP stock was down 13.2%, on track to open at a new record low of $6.20.For the third quarter, Snap reported a slimmer-than-expected ad...Read More
Mr. Quinton Hennigh reportsNOVO ANNOUNCES BULK SAMPLE RESULTS FROM COMET WELLNovo Resources Corp. has released bulk sample results from its Comet Well joint venture (80-per-cent Novo; 20-per-cent Smith/Gardner Mining), part of Novo's greater Karratha gold project, Western Australia.First-round bulk sample results confirm the potential of the basal conglomerates at Karratha and support Novo's view...Read More
Mr. Eric Edwards reportsTRIMETALS MINING ANNOUNCES CONVERSION OF CONVERTIBLE NOTES, CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR $450,000, AND PROVIDES UPDATE ON BOLIVIAN ARBITRATION PROGRESS Trimetals Mining Inc. has closed the first tranche of a non-brokered private placement, raising gross proceeds of $450,000 from the sale of 6,428,571 units priced at seven cents per unit.Eac...Read More
Shares of AMZN and GOOGL are down big before the openIt's setting up to be an ugly day on Wall Street, with Dow Jones Industrial Average (DJI) futures pointing to a more than 250-point sell-off. Likewise, the Nasdaq-100 Index (NDX) is also bracing for a triple-digit drop out of the gate. The latest round of corporate earnings has been thoroughly disappointing, headlined by sharp pre-market losses...Read More
Mr. David Suda reportsTERRAX 2018 SUMMER EXPLORATION PROGRAM CONTINUES TO EXPAND NORTHBELT TARGET TerraX Minerals Inc. has released further assay results from the company's 2018 summer field program on the Yellowknife City gold (YCG) project. A total of 262 samples were taken on the company's Northbelt target, which represents the possible extension of Con-Giant trend and constitutes the core focu...Read More
Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
ISTANBUL (Reuters) - Turkish President Tayyip Erdogan urged Saudi Arabia on Friday to disclose who ordered the murder of journalist Jamal Khashoggi in Istanbul, as well as the location of his body, heightening international pressure on the kingdom to come clean on the case.Erdogan said Turkey had more information than it had shared so far about the killing of Khashoggi, a prominent U.S.-based crit...Read More
BEIJING (Reuters) - Chinese President Xi Jinping said on Friday that bilateral relations with Japan had returned to the “right track” and China would ensure the positive momentum continues, state media reported.Xi, who made the remarks while meeting with visiting Japanese Prime Minister Shinzo Abe, added that a healthy and stable relationship was in line with the interests of both coun...Read More
LONDON (Reuters) - The European Union is proposing to give the European Central Bank sweeping powers over foreign clearing houses in times of market stress, an EU document showed, as the bloc shows little sign of heeding U.S. calls to water down the plans.The bloc has proposed changing the ECB’s statute to give it a broad role in the oversight of EU and foreign clearing houses that handle la...Read More
BEIJING (Reuters) - China and Japan on Friday pledged to forge closer ties as both countries stood together at an “historic turning point”, signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang also agreed the two countries would work together to achiev...Read More
(Kitco News) - Gold prices aremoderately higher in early U.S. trading Friday, on more safe-haven buying aheadof a likely volatile trading session in the U.S. stock market, and an uncertainweekend on the geopolitical front. December gold futures were last up $3.00 anounce at $1,235.00. December Comex silver was last down $0.005 at $14.625 anounce. TheU.S. economic highlight this week is this mornin...Read More
(Kitco News)- Gold held a slight gain but moved little after a government report Friday showedthat U.S. gross domestic product rose by a seasonally adjusted annual rateof 3.5% in the third quarter.Thiswas the government’s first estimate of economic growth for theJuly-September quarter, showing that growth slowed some from 4.2% in the secondquarter. Consensus forecasts compiled by n...Read More
LONDON, Oct 26 (Reuters) - Euro zone money markets have pushed back rate hike expectations, and are now only fully pricing in a 10 basis point rate hike from the European Central Bank for December 2019.They had been fully pricing in a hike for October 2019 on Monday.In addition, money market pricing suggests that investors are now only pricing in a 50 percent chance of a 10 basis point rate hike i...Read More
LONDON (Reuters) - Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand.Brent crude oil LCOc1 fell $1.12 to a low of $75.77 per barrel and was trading around $78.84, down $1.05, by 0950 GMT. The contract is on course for a weekly loss of...Read More
(Reuters) - U.S. quarterly earnings reports this month were supposed to give investors clarity about the health of Wall Street’s rally this year.Instead, profit reports and forecasts following the most recent three months are giving investors indigestion as companies send unclear messages about the rising cost of goods and labor.“I don’t understand why people are so hesitant to a...Read More
* Bund yields edge lower as stock markets tank again* Money markets push back rate hike expectations to Dec 19* Italian short-dated yields higher ahead of S&P review* Euro zone inflation expectations nearly lowest in a year* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates pricing)By Abhinav RamnarayanLONDON, Oct 26 (Reuters) - German borrowing costs hit a six-week low as pess...Read More