GDDY shares have had a huge yearShares of web-hosting specialist GoDaddy Inc (NYSE:GDDY) are up 3.5% in pre-market trading, after the company last night reported strong first-quarter sales, along with a better-than-expected second-quarter outlook. The company also noted that its closely watched average revenue per user (ARPU) metric continues to grow, rising 6% for the period. Already up more than...Read More
HONG KONG (Reuters) - ZTE Corp’s (0763.HK)(000063.SZ) main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.ZTE last month was hit with a ban from Washington forbidding U.S. companies to supply it with components and technology after it was found to h...Read More
PrimeroMining Corp. (TSX: P) reports that the Comisi??n Federal deCompetencia Econ??mica has provided antitrust clearance for a planned merger inwhich First Majestic Silver Corp. (TSX: FR; NYSE: AG) will acquire Primero.Officials say this was the final government agency approval required beforeclosing. Primero says closing of the deal is expected on Thursday. Thecompanies announced the all-st...Read More
(Kitco News) - Gold pricesare slightly lower in early U.S. trading Wednesday. Bulls are fighting to holdthe yellow metal above critical chart support at $1,300.00. Buyer interest inthe precious metals continues to be squelched by a stronger U.S. dollar indexthat hit another 4.5-month high overnight. June Comex gold futures were last down$0.80 an ounce at $1,313.00. July Comex silverwas last up $0....Read More
(Kitco News)- Gold pricesremain under pressure, and are seeing little reaction to mixed producerinflation pressures. Wednesday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.2% inApril following an increase of 0.3% in March; the data was in line with economists'expectations. For the year, annual producer inflation increased 2.6%.CorePPI, which strips out volatile food and ene...Read More
BEIJING (Reuters) - Ford Motor Co’s imported vehicles are being held up at Chinese ports, three people with knowledge of the matter told Reuters, underscoring how U.S. goods are facing increased customs scrutiny in China amid a tense trade stand-off.The three people said Ford (F.N) cars and those of its premium Lincoln brand were facing unusual delays at customs, with officials asking for ex...Read More
LONDON (Reuters) - Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member.Ignoring pleas by allies, Trump on Tuesday pulled out of an international agreement with Iran that was agreed in late 2015, raising the risk of conflict in the...Read More
May 9 (Reuters) - Stock futures for Canada's main equity index were higher on Wednesday as oil prices jumped after U.S. President Donald Trump pulled the United States out of a nuclear agreement with Iran.Trump's decision on Tuesday raised the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies.June futures on the S&P TSX index were u...Read More
MUMBAI/NEW YORK (Reuters) - Walmart Inc (WMT.N) has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment as it battles rival Amazon.com Inc (AMZN.O) in one of the world’s biggest emerging markets.The deal, capping almost two years of talks, will help the Bentonville, Arkansas-based retailer fort...Read More
LONDON (Reuters) - Vodafone (VOD.L) has agreed to pay $21.8 billion to buy Liberty Global’s (LBTYA.O) assets in Germany and eastern Europe to take on rivals with a broader range of superfast cable TV, broadband and mobile services.The world’s second-largest mobile operator struck a deal with U.S. cable pioneer John Malone’s Liberty after years of on-off talks to become a pan-Euro...Read More
* Oil hits 3-1/2 year high after US exits Iran nuclear deal* US 10-year Treasury yield back above 3 pct* Germany, Portugal to sell bonds* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates throughout)By Saikat Chatterjee and Dhara RanasingheLONDON, May 9 (Reuters) - Most euro zone government bond yields rose on Wednesday as oil prices surged after U.S. President Donald Trump abandon...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
British Columbia's mining industry remains upbeat in 2017, as prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward trend in the mining cycle, according to PwC Canada's 50th edition of their annual report on the mining indu...Read More
President Trump announcedintentions to pull out of the Iran deal Tuesday, which caused some volatilityin all markets. Equities whipped around only to close near the unchanged line.Oil got clobbered but cut most of the losses and is back on four-year highs,and gold failed at $1,318.It's obvious that gold has someissues to deal with and is headed lower. Throughout much of the recentuncertainty when...Read More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
(Kitco News) - Kinross Gold Corp. (TSX:K, NYSE: KGC) reported a rise in its adjusted first-quarter profit late Tuesday,with revenues rising on higher sales and a higher gold price.Net earnings came in at$106.1 million, or 9 cents per share, down from $134.6 million, or 11 cents, inthe first quarter of 2017. However, excluding special items, adjusted netearnings of $125.2 million, or 10 cents, were...Read More
Mr. Rudi Fronk reportsSEABRIDGE DISCOVERS NEW GOLD ZONES AT COURAGEOUS LAKESeabridge Gold Inc.'s winter drilling at its 100-per-cent-owned Courageous Lake project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake deposit discovered by Seabridge in 2012.This year's dri...Read More
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
How the S&P performs leading up to midterm electionsMidterm elections are approximately six months away. For those unfamiliar, midterms are in even-numbered years where there is not a presidential election. All 435 members of the House of Representatives are up for election, and about a third of the 100 Senate seats. This year, Democrats are expected to pick up a lot of seats in Congress, but that...Read More
(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)TORONTO, May09, 2018(GLOBE NEWSWIRE) -- Primero Mining Corp. ("Primero" or the "Company") (TSX:P) today announced that First Majestic Silver Corp. ("First Majestic") (TSX:FR) (NYSE:AG) (Frankfurt:FMV) has received antitrust clearance from the Comisi??n Federal de Competencia Econ??mi...Read More