WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday shifted his position over possible talks with U.S. Special Counsel Robert Mueller, saying his lawyers have advised him against any talks but that he would submit to questioning if it was “fair.”Trump has repeatedly said he wanted to talk to Mueller, a fellow Republican investigating alleged Russian meddling in the U.S. 2...Read More
A pullback to this trendline has resulted in outsized one-month gainsSquare Inc (NYSE:SQ) pulled back earlier this week on a negative earnings reaction. Analysts weren't concerned, though, with Stifel upgrading the security to "buy" from "hold," and Jefferies saying it "would buy the dip." What's more, the retreat brought SQ stock back to a trendline with historically bullish implications -- sugge...Read More
(Kitco News) - WallStreet and Main Street both look for gold to continue its recovery next week,based on the Kitco News weekly gold survey.ComexJune gold this week fell as far as $1,302.30 an ounce, its weakest level of theyear. Since, however, prices have ticked higher again. One widely anticipatedevent that occurred this week was a Federal Open Market Committee meeting inwhich interest rates wer...Read More
NEW YORK (LPC) - The US leveraged loan market has nearly doubled in size in the last five years to a US$1trn asset class from a small private market despite feeling the full weight of regulatory pressure in the aftermath of the credit crisis, and is poised to set new records as regulation is rolled back.Agencies have dictated everything from the way financings should be structured to the type of i...Read More
(Reuters) - U.S. stock indexes were little changed on Friday in choppy trading after data showed weaker-than-expected U.S. jobs and wages growth in April, while unemployment rate dropped to a 17-1/2-year low.Apple (AAPL.O) rose 2.4 percent, helping the indexes shed earlier losses, after Warren Buffett’s Berkshire Hathaway (BRKa.N) raised its stake in the iPhone maker.The Labor Department&rsq...Read More
BEIJING (Reuters) - Alibaba Group Holding Ltd (BABA.N) reported better than expected top line results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by flurry of investments.The company’s March-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase...Read More
The company urged 330 million users to change their passwords as a precautionSocial media name Twitter Inc (NYSE:TWTR) is trading lower this morning, after the company urged all 330 million users to change their passwords after a system glitch. Twitter stock was last seen down 1.9% at $30.09. However, TWTR's pullback to a key trendline could present a buying opportunity for bulls, if recent histo...Read More
CHICAGO (Reuters) - Encouraged by a booming demand for construction equipment, Mike Haberman was planning in early February to hire at least 30 more workers for the manufacturing facility of his Gradall Industries in Ohio.That plan now is shelved, Haberman said, because the cost of steel used in Gradall’s telescopic excavators and vacuum trucks shot up by one-third following President Donald...Read More
LONDON (Reuters) - Oil prices rose on Friday but stayed below recent highs as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran.Brent crude oil was up 10 cents at $73.72 a barrel by 1315 GMT. The benchmark contract hit a 3-1/2 year closing high of $75.17 on Monday.U.S. light crude was 15 cents higher at $68.58.“The energy c...Read More
A short squeeze could push CYBR shares past a key technical levelCyberArk Software Ltd (NASDAQ:CYBR) is trading up 3.6% at $57.05, thanks to better-than-expected first-quarter earnings and revenue. The stock has since received at least six price-target hikes, the highest of which was to $64 from $55 at Stifel. This is just more of the same from CYBR shares, which were up 33% year-to-date even befo...Read More
The Oracle of Omaha said Berkshire bought another 75 million AAPL shares last quarterWarren Buffett continues to be bullish on Apple Inc. (NASDAQ:AAPL). In an interview with CNBC, the Oracle of Omaha revealed Berkshire Hathaway (BRK.A) bought another 75 million AAPL shares in the first quarter -- bringing its stake in the iPhone maker to 240.3 million shares, or 4.7%, and making it the second bigg...Read More
Four miners have died, three remain stuck underground and two are still missing at one of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold mines in South Africa following a quake caused a fall of ground Thursday, trapping a total of 13 workers.Two more quakes were felt Friday near the Masakhane mine, part of the company's Driefontein operations, where three of the workers remained trapped and two u...Read More
(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk defended the snub of two Wall Street analysts on a conference call, proclaiming in a tweet on Friday that they “were trying to justify their Tesla short thesis.”"The 'dry' questions were not asked by investors, but rather by two sell-side analysts who were trying to justify their Tesla short thesis. They are actually on t...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD CLOSES $19.7 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH SHARESSeabridge Gold Inc. has closed its previously announced non-brokered flow-through financing, including the full amount of the overallotment option, for aggregate gross proceeds of $19,734,000. A total of 1.15 million flow-through common shares of the company, including those pursuant to the exercise o...Read More
DUBUQUE, Iowa (Reuters) - Inside Knicker’s Saloon, a factory worker hangout here, Jesse Oberbroeckling has just finished his shift at the John Deere plant when he reveals his regret.Like many union workers, Oberbroeckling voted twice for former Democratic President Barack Obama before backing Donald Trump and other Republicans in 2016.Now he has buyer’s remorse - and plans to support t...Read More
(Reuters) - U.S. stock index futures fell briefly after the release of April nonfarm payrolls report, which showed job growth rose less than expected and the unemployment rate fell to a 17-1/2-year low.The Labor Department’s closely watched report showed nonfarm payrolls increased by 164,000 jobs last month, while the unemployment rate was 3.9 percent. However, wages edged up only 0.1 percen...Read More
As apossible near-term scenario mentioned in this column last week, the gold price has indeed been solddown to the $1300 level this week while the surging U.S. dollar has reached the92 region on the Cash Settle Index. Although the GDX has done a yoeman job ofkeeping one step ahead of both gold and U.S. equities since early February,there are clear signals the $1300 - $1365 three-month range in gol...Read More
(Kitco News) - Gold prices have quickly lost modest gains that occurred in theaftermath of the U.S. jobs report. The U.S. dollar index has pushed to solidlyhigher levels on the day. It appears that traders read the U.S. jobs report asinitially downbeat, as the non-farm payrolls rise of 164,000 in April did notmeet expectations for a gain of 195,000. However, the overall U.S. unemployment rate fell...Read More
The unemployment rate fell to the lowest point since late 2000Dow Jones Industrial Average (DJI) futures are trading below fair value this morning -- set to reverse yesterday's late-day momentum -- as Wall Street digests the nonfarm payrolls report for April. Specifically, Labor Department data showed the U.S. economy added 164,000 jobs for the month, falling short of an expected 192,000, while...Read More
MILAN (Reuters) - European shares bounced back on Friday as a flurry of good company results rolled in, although the heavyweight banking sector was left behind following poor updates from HSBC (HSBA.L), BNP Paribas (BNPP.PA) and Societe Generale (SOGN.PA).While the European banking index, recently penalized by softening economic data and cooling expectations about monetary policy tightening, fell...Read More