(Reuters) - Facebook Inc (FB.O) on Sunday rejected claims by the New York Times that it had allowed Apple and other major device makers “deep” access to users’ personal data saying any such links were tightly controlled and largely subject to users’ consent.Facebook shares fell 1.3 percent to $191.50 before the bell on Monday, in what was otherwise an upbeat start for Wall...Read More
bluebird bio stock has been on a tear over the past yearBiotech concern bluebird bio Inc (NASDAQ:BLUE) is higher in today's trading after the company reporteddata for its immunotherapy drug bb2121, which showed cancer patients survived for a median of roughly 12 months after receiving the treatment before their conditions worsened. In response, BLUE is 2.4% higher to trade at $186.80. Thisprice a...Read More
Early data for the company's combination cancer treatment is sparking the sell-offShares of Nektar Therapeutics (NASDAQ:NKTR) have plunged 30.8% to trade at $62.50 -- pacing for their worst day since August 2004 -- after early data from the company's experimental cancer treatment, NKTR-214, with Bristol-Myers Squibb's (BMY) Opdivo failed to meet Wall Street's expectations. Specifically, the respon...Read More
Mr. Brett Heath reportsMETALLA DECLARES MONTHLY DIVIDENDMetalla Royalty and Streaming Ltd.'s board of directors has approved and declared a monthly cash dividend payment of 0.15 cent per share for July, August and September on its common shares for the upcoming quarter (subject to any applicable tax withholding obligations).Brett Heath, Metalla's president and chief executive officer, commented: "...Read More
(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans.These stockpickers would have weighed Musk’s forceful public persona in their decisions to buy and hold Tesla shares in the first place, and...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel on Monday proposed a euro zone budget for investment in weaker member states with the goal of improving the lives of people in those countries and strengthening convergence in the currency bloc.“That’s why I propose an investment budget with which we could strengthen those who want to be excellent but are still weaker,” Merkel sa...Read More
WHR shares hit a two-year nadir on FridayShares of home appliance giant Whirlpool Corporation (NYSE:WHR) have had a rough 12 months, falling almost 23% and touching a two-year low of $143.11 on Friday. The stock got a brief shot in the arm back in January after the Trump administration announced tariffs on imported washing machines, but those gains evaporated quickly and the long-term downtrend wa...Read More
NEW YORK (Reuters) - For Alberto Ferracuti, a coffee grower in El Salvador, bourbon really does grow on trees.Ferracuti and many other farmers in the Central American country have turned to specialty coffee trees - identified by fanciful names such as bourbon, geisha and pacas - in hopes of reviving a local industry devastated by crop disease just a few years ago.The trees produce some of the worl...Read More
Trade negotiations between Washington and Beijing fell apart over the weekendFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value this morning, as the blue-chip index looks to build on Friday's jobs rally. This is helping offset trade war fears, with the U.S. and China failing to agree on tariff terms over the weekend, and finance ministers from the non-U.S. Group of...Read More
TOKYO (Reuters) - A self-driving car service could be on Tokyo's public roads in time for the 2020 Olympics as Japan looks to drive investment in new technology to drive economic growth, according to a government strategic review announced on Monday.The strategy, presented at a meeting chaired by Prime Minister Shinzo Abe, also includes plans to allow the development of virtual power plants by the...Read More
(Reuters) - U.S. stock indexes were set to open higher on Monday as stronger than expected U.S. jobs data for May drove global stock markets up across the board for a second day.The S&P 500 .SPX closed up more than 1 percent on Friday after jobs and wage growth for May both beat expectations, with the unemployment rate falling to an 18-year low.Concerns that bullish economic numbers will lea...Read More
LONDON (Reuters) - Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply.Benchmark Brent crude oil LCOc1 lost $1.26 a barrel, or 1.6 percent, to a low of $75.53 before recovering to $75.89, down 90 cents, by 1125 GMT.U.S. light crude CLc1 was 40 cents down at 65.41 a barrel. The U.S. contract lost about 3 percent last week after a decline of nea...Read More
BEIJING (Reuters) - China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs.The United States and China have threatened tit-for-tat tariffs on goods worth up to $150 billion each, as U.S. President Donald Trump ha...Read More
BEIJING (Reuters) - The United States urges China to make a full public account of those killed, detained or who went missing during a crackdown on student-led pro-democracy protests in and around Beijing’s Tiananmen Square in 1989, Secretary of State Mike Pompeo said.The Chinese government sent tanks to quell the June 4, 1989 protests, and has never released a death toll. Estimates from hum...Read More
SEOUL/WASHINGTON (Reuters) - North Korea’s top three military officials have been removed from their posts, a senior U.S. official said, a move analysts said on Monday could support efforts by the North’s young leader to jump-start economic development and engage with the world.Kim Jong Un is preparing for a high-stakes summit with U.S. President Donald Trump in Singapore on June 12, t...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Monday. A weaker U.S. dollar index onthis day is working in favor of the precious metals markets bulls. August Comex gold futures were last up $1.80 an ounce at $1,301.10. July Comex silver waslast up $0.084 at $16.53 an ounce. Worldstock markets were mostly higher overnight. U.S. stock indexes are pointedtoward higher...Read More
Stocks have been all bark and no bite, stuck in a trading range -- but that could change "If a pullback occurs ... bulls want to see support on the SPY come into play between $266.86 -- its 2017 close -- and the $270.43 level."-- Monday Morning Outlook, May 14, 2018"[M]arket participants are currently at the ready to accumulate stocks or cover short positions at the slightest hint of a pullback .....Read More
Several factors could limit gold’s upside potential for now,says Commerzbank. On the news front, last week ended with astronger-than-forecast U.S. jobs report for May, with unemployment continuingto fall but wages rising more than expected, pointing to inflation risks, thebank says. “The U.S. Fed is likely to see this as confirmation that its cycleof rate hikes is appropriate,” C...Read More
* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds quote, data, context.)LONDON, June 4 (Reuters) - Sterling rose to a seven-day high on Monday as the dollar fell and data on Britain’s construction sector narrowly beat expectations.In May, the pound fell 3.43 percent versus the dollar, its biggest monthly decline...Read More