During a legislative forum organized by the Dominican Republic's Lower Chamber in the city of Cotu?-, which is located in the central province of S??nchez Ram?-rez, residents, community members and activist groups said that the federal government should transfer the province 5 per cent of the royalties it receives from Barrick Gold and that MPs should push for this to happen.Barrick (NYSE, TSX:ABX...Read More
Gold futures on Friday logged a daily and weekly advance on the back of U.S.-China trade-war jitters, which flared up late Thursday and roiled global stocks, driving investors into assets perceived as havens. A mostly lackluster U.S. employment reading for the March, which nicked the dollar index and buttressed already deep losses for stocks, also helped lift gold. The White House said in a stat...Read More
Wall Street also digested weaker-than-expected jobs dataU.S. stocks lost any lingering momentum they had coming into today's trading, and ended the day in the red, as renewed trade war concerns and disappointing jobs data caught up to the three major indexes. More specifically, the Dow was down 767 points at its intraday low, with all 30 of its components closing in negative territory. The Nasdaq...Read More
NEW YORK (Reuters) - U.S. stocks extended losses and the S&P 500 hit a session low in Friday afternoon trading after Federal Reserve Chairman Jerome Powell said the U.S. central bank will likely need to keep raising interest rates to keep inflation under control.In a speech in Chicago on the U.S. economic outlook, Powell said the labor market appeared close to full employment. It was his first...Read More
NEW YORK (Reuters) - The dollar fell on Friday, undermined by the ongoing trade dispute between China and the United States and a report showing the U.S. economy in March created the fewest jobs in six months.The greenback slid against the safe-haven yen and Swiss franc in the wake of new comments from China.China on Friday warned it would fight back “at any cost,” hours after U.S. Pre...Read More
WASHINGTON (Reuters) - The Trump administration wants to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, the Wall Street Journal reported on Friday.Citing unnamed senior administration and industry officials, the Journal said President Donald Trump had asked several agencies to pursue plans to use existing laws to subject foreign-made cars...Read More
SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Friday endorsed U.S. legislation to regulate political ads across the internet, a concession to lawmakers days before he is scheduled to testify in two U.S. congressional hearings.Zuckerberg also said Facebook would begin requiring people who want to run ads on the social network addressing political issues to ver...Read More
It's a volatile trading day on Wall StreetTrade war fears have resurfaced, sending the major U.S. benchmarks spiraling into the red for the week. Among individual stocks making big moves today are drugmakers Incyte Corporation (NASDAQ:INCY) and NewLink Genetics Corp (NASDAQ:NLNK), as well as blockchain technology firm Longfin Corp (NASDAQ:LFIN). Here's a quick roundup of what's moving shares of IN...Read More
U.S. consumer debt rose in February by the least in five months as credit-card balances stalled, indicating Americans’ appetite for borrowing waned further after a fourth- quarter shopping spree.Highlights of Consumer Credit (February)Total credit rose $10.6b (est. up $15.5b) and follows an upwardly revised $15.6b Jan. gain (prev. $13.9b)Revolving credit outstanding rose $148m m/m...Read More
CBI put options have been very popular in recent weeksChicago Bridge & Iron Company N.V. (NYSE:CBI) stock is trading down 10% at $12.27 amid heavy volume, as questions continue to swirl around the company's planned merger with McDermott International (MDR). Investment firm Hotchkis & Wiley, a large MDR shareholder, recently released a letter stating its opposition to the merger. McDermott responde...Read More
(Bloomberg) - All the talk of a brewing global trade war may turn out to be more bark than bite, but investors in Chinese exchange-traded funds aren't taking any chances.China's Bosera Gold ETF has attracted $553.8 million so far this year, putting it on course for the biggest annual inflow since it was listed in Shenzhen in 2014. Investors are piling into bullion, taking holdings in all such fun...Read More
(Reuters) - U.S. energy companies added oil rigs for the third time in four weeks as crude prices drifted from a three-year high hit earlier this year amid concerns of a trade war between U.S. and China.Drillers added 11 oil rigs in the week to April 6, bringing the total count up to 808, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closel...Read More
The shares are flirting with record highs, yet options remain attractiveBeverage concern SodaStream International Ltd (NASDAQ:SODA) appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that are currently trading near a 52-week high, but also sport a low Schaeffer's Volatility Index (SVI). This combination of stellar price action and relatively inexpensive short-term o...Read More
The gene-editing concern is no stranger to bullish analyst attentionThe shares of Crispr Therapeutics AG (NASDAQ:CRSP) are bucking today's broad-market headwinds, thanks to a positive analyst note at Goldman Sachs. Specifically, the brokerage firm launched coverage on the gene editing concern with a "buy" rating and an $86 price target -- more than double yesterday's close -- and waxed optimistic...Read More
WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday that U.S. officials including himself are in regular communication with China as a tariff dispute escalates between the two countries.“We are willing to negotiate. We are in communication with them regularly,” Mnuchin said in an interview with CNBC. “I am in communications.”“On the one hand, w...Read More
MOSCOW (Reuters) - The United States imposed sanctions on Friday against Russian businessmen, companies and government officials.Below are the names of the most prominent businessmen targeted along with their main assets/connections and extracts from the U.S. Treasury statement.DESIGNATED RUSSIAN OLIGARCHSOLEG DERIPASKA, main owner of En+, co-owner of Rusal and Norilsk NickelDeripaska is ranked by...Read More
The Dow, S&P, and Nasdaq are headed toward weekly lossesTrade and tech dominated headlines this week, so much so that Friday's big March jobs miss was just a blip on Wall Street's radar. Volatility ramped up, too, as Washington and Beijing exchanged tariff jabs, sending stocks with exposure to China -- including automakers, food processors, and fertilizer firms -- on a roller-coaster ride. More br...Read More
The US Non-Farm Payroll numbers disappointed to the downside. Gold bulls have found support at the $1,320 level, and the next crucial resistance is seen at $1,345. Gold is trading at around $1,331 up 0.37% on Friday as the US Non-Farm Payroll (NFP) in March came in below expectations at 103K versus 193K forecast by analysts. The Average Hourly Earnings matched analysts'...Read More
CHICAGO (Reuters) - The Federal Reserve will likely need to keep raising U.S. interest rates to keep inflation under control, Fed Chairman Jerome Powell said in a speech on the economic outlook that did not address the economic risks of rising trade tensions.In his first speech on the economic outlook since assuming the helm at the U.S. central bank on February 5, Powell said on Friday the labor m...Read More
(Reuters) - The Dow Jones Industrial Average fell more than 450 points and the other main indexes slipped on Friday after U.S. President Donald Trump’s latest tariff threat on Chinese imports revived fears of a trade war between the two countries.Trump on Thursday threatened to slap $100 billion more in tariffs on Chinese imports, while Beijing said it was fully prepared to respond with a &l...Read More