Paresh DaveSAN BRUNO, Calif. (Reuters) - A woman opened fire at YouTube’s headquarters near San Francisco on Tuesday, wounding three people before taking her own life as employees of the Silicon Valley technology company fled into the surrounding streets, authorities said.Police did not release any further information on the suspect or her motives for the shooting rampage at YouTube, a video...Read More
David LawderWASHINGTON (Reuters) - The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, announcing 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing’s intellectual property practices.The U.S. Trade Representative’s office unveiled a list of mainly non-consumer products repre...Read More
Perseus Mining (ASX,TSX:PRU) announced that that the ramp-up of operations at its Sissingu?(C) gold mine in northern Cote d'Ivoire has been completed ahead of schedule and the mine has now entered commercial production.Sissingu?(C) is located southeast of the 7Moz Morila gold mine and northwest of the 4.3Moz Tongon deposit. It is estimated to produce 358,000 ounces over the 5-year life of mine, in...Read More
Perseus Mining (ASX,TSX:PRU) announced that that the ramp-up of operations at its Sissingu?(C) gold mine in northern Cote d'Ivoire has been completed ahead of schedule and the mine has now entered commercial production.Sissingu?(C) is located southeast of the 7Moz Morila gold mine and northwest of the 4.3Moz Tongon deposit. It is estimated to produce 358,000 ounces over the 5-year life of mine, in...Read More
Trump says on Twitter the U.S. isn't in a trade war with ChinaStocks reverse losses as Mnuchin signals openness to talks"Nobody wins" in a trade dispute, says OECD Secretary-General Angel Gurria.The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest economies, helping to ease fears among investors of a tit-for-t...Read More
NEW YORK (Reuters) - High asset prices and growing economic pressure from U.S. fiscal stimulus mean financial markets may be particularly vulnerable to an unexpected shock, an influential Federal Reserve governor said on Tuesday, warning the central bank could respond with stronger requirements on banks as needed.Fed Governor Lael Brainard said that for now risks to the U.S. financial system are &...Read More
Paresh DaveSAN FRANCISCO (Reuters) - Police said on Tuesday they were responding to an “active shooter” at the headquarters of YouTube in San Bruno, California.Police in the city south of San Francisco warned people in a Twitter message to stay away from the address where YouTube, owned by Alphabet Inc’s Google, is based.“We are responding to an active shooter. Please stay...Read More
GENEVA (Reuters) - China has notified the World Trade Organization it is imposing $611.5 million worth of retaliatory tariffs on $2.75 billion worth of U.S. imports including pork, nuts and ethanol in response to U.S. duties on aluminum and steel, a WTO document showed.Nuts are seen being prepared for shipment at the Mariani Nut Company in Winters, California, U.S. April 2, 2018. REUTERS/Elijah No...Read More
Car stocks also had a big dayStocks finished the day higher, paring much of yesterday's sharp losses. A rebound in the tech sector helped send the major indexes higher, with FAANG stock Amazon (AMZN) shaking off another round of negative tweets from President Trump. The Spotify (SPOT) trading debut also made headlines, while car stocks surged on well-received monthly auto sales. The Dow managed t...Read More
(Reuters) - Sales of light vehicles in Canada dipped 0.6 percent in March according to data released on Tuesday, amid signs that the economy was on track for a weaker-than-expected first quarter.Research firm DesRosiers Automotive Consultants Inc said sales of passenger cars fell 12.4 percent in the month with Ford Canada and Fiat Chrysler recording a drop in overall sales.In contrast, sales of li...Read More
NEW YORK (Reuters) - The dollar rose on Tuesday, led by gains against the yen and Swiss franc, as risk appetite improved and Wall Street’s main indexes advanced, helping the U.S. currency stabilize after recent declines.The outlook for the dollar, however, remains murky due to global trade tensions. The greenback has lost 2 percent so far this year.“At the moment, support from high exp...Read More
SAN FRANCISCO (Reuters) - The San Francisco Federal Reserve Bank will appoint a committee in the next few days to conduct a “full-blown search throughout the world” for a new president, the bank’s chair Alex Mehran said on Tuesday.“Diversity will be a key factor” in the search for a leader to succeed John Williams, who on Tuesday was named as the next chief of the New...Read More
NEW YORK (Reuters) - U.S. stocks rebounded on Tuesday after crashing through key technical levels in the previous session but investors were still worried that Wall Street’s three major indexes could eventually turn lower and fall through their next support levels.Investors had fled on Monday after S&P 500 breached its 200-day moving average and closed below it for the first time since J...Read More
WASHINGTON (Reuters) - The Trump administration is postponing until September a summit with Gulf Arab leaders that had been planned for this spring amid an ongoing dispute between Qatar and other U.S. allies in the region, according to five U.S. officials.The decision to delay the May summit with the six-nation Gulf Cooperation Council reflects a crowded diplomatic calendar, and the fact that Pres...Read More
Shares of the Snapchat parent are pacing for their seventh straight lossIt's a broad-based rebound on Wall Street today, with the major U.S. benchmarks pacing for a positive session. Among individual stocks making notable moves are Model 3 maker Tesla Inc (NASDAQ:TSLA), Snapchat parent Snap Inc (NYSE:SNAP), and drugmaker Celgene Corporation (NASDAQ:CELG). Here's a closer look at what's moving shar...Read More
Gold bears are trying to keep the market below the $1,330 mark. Investors are disregarding the protectionist threats and the US Dollar gains value. Gold is trading at around 1,329.31.70 down 0.89% on Tuesday as investors momentarily shrug off the risk-off sentiment ignited on Monday with renewed fears of trade wars between the US and China. Earlier this week, China retaliated to...Read More
LONDON/NEW YORK (Reuters) - Spotify Technology SA (SPOT.N) shares surged following the largest-ever direct listing on Tuesday, giving the world’s leading streaming music service a market value of nearly $30 billion.Shares opened at $165.90, up nearly 26 percent from a reference price of $132 a share set by the on the New York Stock Exchange late on Monday.Spotify’s unusual route to pub...Read More
NEW YORK (Reuters) - The Environmental Protection Agency has exempted one of the nation’s largest oil refining companies, Andeavor (ANDV.N), from complying with U.S. biofuels regulations - a waiver historically reserved for tiny operations in danger of going belly up, two sources familiar with the matter told Reuters.The exemption, which applies to the three smallest of Andeavor’s ten...Read More
Stifel cut its price target for General Electric stock todayGeneral Electric Company (NYSE:GE) is the worst Dow stock today, down 0.8% to trade at $13.01, after Stifel issued a price-target cut to $13 from $15. Against this backdrop, options traders are piling on GE -- with some likely betting on even bigger losses for the blue chip.Taking a closer look, roughly 126,000 GE options have changed ha...Read More
Gold futures finished lower on Tuesday, as equities attempted to bounce back from the previous session's rout and worries over global trade tensions appeared to take a breather. Although European stocks ended lower, U.S. shares traded higher as stocks attempted to recover at least part of Monday's technology-driven bloodletting, while a leading dollar index'sDXY, -0.08% slight 0.1% gain produced a...Read More