HOUSTON (Reuters) - Weak refining margins hurt Exxon Mobil Corp (XOM.N) and Chevron Corp’s (CVX.N) first-quarter profit, cutting into overall gains from rising oil prices.It was the second consecutive quarter that refining weakness, especially outside the United States, clipped improved profit.Strength in the Chevron division that pumps oil and gas helped overcome the refining weakness and b...Read More
TORONTO (Reuters) - The TMX Group (X.TO), which operates the Toronto Stock Exchange and other exchanges, said on Friday it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms.“TMX has decided to shut down all markets for the remainder of the day. Trading will not resume today, including market on close,” TMX Group s...Read More
NEW YORK (Reuters) - Fresh worries about rising costs and inflation face U.S. stock investors looking toward the coming week and the next leg of the first-quarter earnings period.In the latest week, the busiest for first-quarter reports, several companies warned about or cited higher costs.Caterpillar (CAT.N) said it was worried about higher prices for steel it needs for manufacturing. Alphabet (G...Read More
($1 = C$1.29)(Reuters) - Canada’s Imperial Oil Ltd (IMO.TO) on Friday reported a 55 percent jump in quarterly profit, helped by strength in its refining and chemicals businesses, and the company boosted its dividend and repurchase program.The company’s shares rose as much as 4.5 percent to C$40.47.Desjardins analyst Justin Bouchard called the dividend hike a “pleasant surprise&rd...Read More
(Reuters) - The Taiwanese government has ordered all of the island’s companies that sell to Chinese telecom equipment maker ZTE Corp to suspend shipments until they obtain approval, the Nikkei business daily reported on Friday.The news comes the week after the United States banned American companies from selling components to ZTE for seven years, after the Chinese firm failed to comply wit...Read More
(Reuters) - Amazon.com Inc’s (AMZN.O) 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday.President Donald Trump has been laying into the Seattle-based online shopping firm in recent weeks for what he says is a...Read More
Despite positive earnings reactions for BA and MSFT, the Dow is headed toward a weekly lossTraders turned their attention away from President Donald Trump's Twitter feed this week in order to focus on an onslaught of corporate earnings reports and the 10-year Treasury yield -- which topped the key 3% level for the first time in four years on Tuesday. This and a sharp earnings reversal for Caterpil...Read More
Apr 27, 2018 (GLOBE NEWSWIRE via COMTEX) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, B.C., April 27, 2018 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (PGM) ("Pure Gold" or the "Company") is pleased to announce that it has entered into an amended agreement with Sprott Capital Partners to act as lead underwriter...Read More
Gold prices took back some ground after a two-session skid as financial markets assessed the merits of Korea peace efforts and the first reading of first-quarter GDP, which came in slightly better than expected. Gains for the yellow metal came even as a leading dollar measure also rose, with a pullback in the yield for the benchmark 10-year Treasury giving the commodity, which doesn't offer a yiel...Read More
Gold prices took back some ground after a two-session skid as financial markets assessed the merits of Korea peace efforts and the first reading of first-quarter GDP, which came in slightly better than expected. Gains for the yellow metal came even as a leading dollar measure also rose, with a pullback in the yield for the benchmark 10-year Treasury giving the commodity, which doesn't offer a yiel...Read More
UAA stock is higher today, after a rare round of upbeat brokerage attentionThe shares of athleisure concern Under Armour Inc (NYSE:UAA) are surging this afternoon, as analysts wax optimistic ahead of the company's earnings next week. Stifel said upbeat results from sector peer Columbia Sportswear (COLM) bode well for Under Armour, and that heavy short interest presents a "trade opportunity" on UAA...Read More
S shares are set for their highest close since NovemberSprint Corp (NYSE:S) shares are up 8.3% today at $6.50, after Reuters reported the company is finalizing a merger deal with T-Mobile (TMUS). This is the second time this month the stock has rallied on such news, jumping over 17% back on April 10. Options traders apparently think even more upside could be coming, based on today's intraday tradi...Read More
* Rusal talking to OFAC, seeks sanctions guidance -sources * Still not shipping aluminium to customers -source * En+ says Deripaska agrees in principle to reduce stake inEn+ (Adds U.S. Treasury Department comment, paragraphs 7, 8)By Polina Devitt and Dmitry ZhdannikovMOSCOW/LONDON, April 27 (Reuters) - Russian metals giantRusal will overhaul its board and management in hopesof persuading the Unite...Read More
DOCU stock is blazing higher in its Nasdaq trading debutStocks are sticking close to breakeven today, as traders weigh disappointing energy sector earnings against signs of progress toward North Korean denuclearization. Some of the notable names on the move today include industrial metals magnate United States Steel Corporation (NYSE:X), brand-new Nasdaq member DocuSign (NASDAQ:DOCU), and alternat...Read More
(Reuters) - Wall Street moved to a defensive mode on Friday, shifting into safer equity sectors as economic data raised the specter of inflation and possible interest rate hikes, while technology shares pulled back after an initial surge.U.S. gross domestic product increased at a 2.3 percent annualized pace in the first quarter, slower than the prior quarter but stronger than the expected 2-percen...Read More
WASHINGTON (Reuters) - Russia ran an information warfare campaign to disrupt the 2016 U.S. presidential election, but there is no evidence that President Donald Trump’s campaign colluded with Moscow, Republicans on a congressional panel said in a report released on Friday.The findings of majority Republicans on the U.S. House of Representatives Intelligence Committee were immediately challen...Read More
NEW YORK (Reuters) - The dollar held steady on Friday despite a government report showing slower U.S. first-quarter economic growth, with the currency on track to end its strongest week since November 2016, having gained 1.4 percent.On Tuesday, the U.S. benchmark government bond yield broke through the psychologically significant 3 percent level for the first time in more than four years as invest...Read More
Akamaiis scheduled to report first-quarter earnings after Monday's closeIT services and consulting name Akamai Technologies, Inc. (NASDAQ:AKAM) will continue the theme of tech earnings next week, and is slated to release its first-quarter report Monday evening. AKAM stock has gained 52% over the past nine months, and enjoyed an impressive bull gap in mid-December, after hedge fund Elliot Manageme...Read More
NEW YORK (Reuters) - Oil prices were little changed on Friday, with Brent on track for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran.Brent crude futures LCOc1 rose 6 cents to $74.80 a barrel, a 0.1 percent gain, by 1:11 p.m. EDT (1711 GMT). This month, the global benchmark hit highs above $75, a level last seen in late 2014.U.S. West Texas Interme...Read More
CARACAS (Reuters) - A grace period on Chinese loans to Venezuela has lapsed, according to two Venezuelan sources with knowledge of the matter, potentially depriving the cash-strapped OPEC nation of billions of dollars in desperately needed oil revenue this year.China eased the payment terms two years ago on some $19 billion in oil-for-loan deals, under which Venezuela sends shipments of crude oil...Read More