Apple is trading at record highs ahead of the eventApple (AAPL) will kick off its annual Worldwide Developers Conference (WWDC) today, with the tech titan expected to unveil updates to its operating systems, including iOS 12, and new tools to help users spend less time on their iPhones. While Apple stock is fresh off a record high ahead of the highly anticipated event, suppliers Cirrus Logic, Inc....Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN DRILLING STARTED AT STANDBYMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have started drilling on the Standby mine property, situated near the town of Rochford, in the Black Hills of South Dakota. As reported previously, three NQ diamond drill holes, ST18-001, ST18-002 and ST18-003, totalling 1,322 metres have been...Read More
MEXICO CITY (Reuters) - Mexico will start a dispute settlement process at the World Trade Organization over U.S. tariffs on steel and aluminum, its economy ministry said in a statement on Monday.The economy ministry said it believed the U.S. tariffs violated WTO rules.Reporting by Daina Beth Solomon; Editing by Frank Jack Daniel Disclaimer: The views expressed in this article are those of the aut...Read More
NEW YORK (Reuters) - Stocks on world indexes and Treasury yields climbed on Monday, while the dollar fell to a two-week low as political tensions in Europe eased.Italy’s anti-establishment parties formed a coalition government on Friday to end three months of political deadlock.Italian bond yields fell after soaring last week on fears a snap election would be called that might effectively be...Read More
The retailer also has attractively priced optionsRetail stocks have made headlines in recent weeks amid a flurry of earnings reports. While retailers like Dick's Sporting Goods (DKS) toasted impressive quarterly results, sector peer Gap Inc (NYSE:GPS) was not as lucky. GPS stock fell 14.6% after a subpar earnings report on May 25, pulling back to its 320-day moving average and a key Fibonacci re...Read More
ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce the commencement of drilling at its 1,700 km2 Rackla Gold Property in east-central Yukon.The previously announced, ~20,000 m diamond drill program will include: ~10,000 m at the high-grade, Carlin-type Osiris Project; and ~10,000 m at the Carlin-type Orion Project funded by Barrick Gold Corp. ("Barrick") under an exploration partnersh...Read More
Walmart is the best Dow stock today, thoughThe Dow Jones Industrial Average (DJI) is trading well into triple-digit-gain territory today, as a dearth of market-moving news has stocks continuing their positive momentum from last week's upbeat jobs report. Walmart (WMT) is the best performing blue chip today amid a broader rally in retail stocks and news the company sold the majority of its Brazilia...Read More
GENEVA (Reuters) - The European Union could impose preliminary measures to safeguard its steel and aluminum industries as early as July, although a full investigation will take nine months, EU Trade Commissioner Cecilia Malmstrom told Reuters on Monday.“We can take pre-measures in July already. This is what we are going to discuss. We want to see the preliminary outcomes of the investigation...Read More
OTTAWA (Reuters) - Canada’s cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs, just hours ahead of a scheduled meeting between Prime Minister Justin Trudeau and domestic industry leaders.U.S. President Donald Trump last week unveiled a 25 percent tariff on Canadian steel and a 10 percent tariff on aluminum, citing national security reasons....Read More
MELBOURNE (Reuters) - Metals traders are moving jobs for the first time in years as a price recovery spills into the trading sector, and more hires are expected as brokers eye opportunities from China's mainland exchanges opening to investors abroad.The signs of an uptick follow a six-year industry shake-out as years of declining prices led to the exit of major traders such as Barclays and Deutsch...Read More
The truck stock has seen choppy trading since late MarchTruck and machinery manufacturer Navistar International Corp (NYSE:NAV) is slated to report fiscal second-quarter earnings before the market opens tomorrow, June 5. Navistar stock is down 0.4% at $38.77 at last check, and has seen choppy trading since its late-March lows. More recently, NAV has struggled to break above the 200-day moving ave...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday said he had committed no wrongdoing but has the “absolute” power to pardon himself, echoing an sweeping argument put forth by his lawyers amid the U.S. special counsel’s investigation into alleged Russian meddling in the 2016 U.S. election.In the memo to U.S. Special Counsel Robert Mueller, which was sent in January and...Read More
WASHINGTON (Reuters) - New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector.Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show orders rising 1.7 per...Read More
(Kitco News) - Gold prices have lost modest early gains and are trading just belowunchanged in late-morning dealings Monday. The gold market dipped when the U.S. dollar index rose from its daily low. A rallying U.S. stock market today isalso a negative for the safe-haven gold market. Augustgold was last down $2.00an ounce at $1,297.30. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwyckoff@kitco....Read More
(Reuters) - U.S. stocks rose on Monday led by gains in technology shares and Friday’s robust jobs data, which gave investors heightened confidence that the U.S. economy remained strong.Apple (AAPL.O) rose 1 percent, providing the biggest boost to the Nasdaq .IXIC and S&P 500 .SPX.Microsoft rose 0.3 percent after saying it would buy privately held coding website GitHub Inc for $7.5 bil...Read More
NEW YORK (Reuters) - Prices of U.S. renewable fuel credits for 2018 hit fresh five-year lows on Monday as expectations mounted the administration under U.S. President Donald Trump would soon announce its plans for an overhaul of the biofuels program, traders said.The Trump administration is expected on Monday to announce changes in biofuels policies, including a plan to count ethanol exports towar...Read More
WASHINGTON (Reuters) - New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector.Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show orders rising 1.7 per...Read More
(Kitco News)- Thegrowing threat of a trade war is not great news for commodity markets as itcould reduce global demand as economic growth prospects falter.Image courtesty of Panoro MineralsHowever,one junior mining explorer thinks copper is in a position to withstand theprotectionists’ assault on global markets and global growth as the base-metalsmarket faces a significant imbalance in its s...Read More
(Kitco News) - Large speculatorsincreased their net bullish positioning in gold futures and moved into a smallnet-long position for silver during the most recent reporting week for datacompiled by the Commodity Futures Trading Commission.During the week-longperiod to May 29 covered by the report, Comex August gold rose $6.70 to$1,304.10 an ounce, while July silver lost 20.2 cents to $16.373.Net lo...Read More
OTTAWA/WASHINGTON (Reuters) - Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.This year’s meeting is likely to be overshadowed by Trump’s planned summit with North Korean leader Kim Jong Un, tentatively sch...Read More