Blockchain's transparency, tamper-proof record and decentralized nature make the cryptocurrency vehicle more secure than any repository under the control of one entity. Blockchain can be used to secure everything from financial transactions to voting and medical records. Eric C. Jansen, founder of AspenCross Wealth ManagementPublished 13 Hours AgoUpdated8 Hours AgoCNBC.com Blockchain, the vehicle...Read More
LONDON (Reuters) - The head of Britain’s military research center said on Tuesday it was unable to prove the military-grade nerve agent that poisoned a Russian double-agent last month had been produced in Russia.“We were able to identify it as Novichok, to identify that it was military-grade nerve agent,” Gary Aitkenhead, chief executive of the Defence Science and Technology Labo...Read More
BEIRUT (Reuters) - Iranian President Hassan Rouhani attacked the United States and Israel for their roles in Syria before he boarded a plane for Turkey where he was scheduled to meet President Tayyip Erdogan and visiting Russian President Vladimir Putin.“The Americans are against the Syrian government establishing its authority throughout the whole country and are even thinking of a breakup...Read More
An increasingly panic-prone market is supporting gold.Gold's relative strength factor has been increasing.Most importantly, its fear component is bolstering the price.Gold got a much-needed boost from the latest spike in bearish sentiment among equity investors. As the stock market plunged on Monday, the price of gold was one of the assets to actually benefit from the increase in fear. In toda...Read More
(Bloomberg) - Randgold Resources Ltd.'s celebrated ability to operate in Africa is being tested on all fronts, and it's taking a toll on the London-listed gold miner's stock.For most of the last decade, Randgold shares were the best performers among gold miners tracked by Bloomberg. Now they are among the worst in the industry, sinking 20 percent so far this year.Randgold made its reputation on i...Read More
(Reuters) - The billionaire Steven A. Cohen has won the dismissal of an $8 billion lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd, hoping to “crush” or “kill” the insurer.In a decision last week, New Jersey Superior Court Judge Frank DeAngelis said the nearly 1...Read More
The blockchain name said it's being investigated by the SECOptions volume is soaring on Longfin Corp (NASDAQ:LFIN) today, as the shares extend their sell-off to a sixth straight day. At last check, more than 13,600 puts and almost 8,300 calls had traded -- nine times what's typically seen at this point in the day. For the sake of comparison, LFIN's single-day options volume topped out at a record...Read More
DETROIT (Reuters) - General Motors Co (GM.N) said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and the company will, instead, issue quarterly sales reports.GM will also no longer report monthly sales in China, its largest market, or Brazil. The company will provide monthly data to the U.S. Federal Reserve, industry...Read More
BRUSSELS (Reuters) - EU antitrust regulators are set to accept concessions from Gazprom (GAZP.MM) in the coming weeks aimed at addressing concerns that the Russian gas giant abused its dominant position in eastern Europe, sources familiar with the matter said.A decision by the European Commission could come as early as this month although the timing could still slip, the people said. A settlement...Read More
10K has had a magnetic effect on DJT, but don't overlook the significance of 11KSince it was first crossed last October, the 10,000 millennium level on the Dow Jones Transportation Average (INDEXDJX:DJT) has had exactly the kind of "magnetic" effect we often speak of when referencing these types of big round numbers. And it's probably fair to say that the move from 9,999 to 10,000 carries perhaps...Read More
April 3 (Reuters) - Australia's largest independent gold miner Newcrest Mining said on Tuesday it recommenced processing at its flagship Cadia mine over the weekend.Last week, the company had said it would start mining operations at Cadia, which was closed following damage to a tailings dam wall.The miner said processing is currently at a run rate of about 8 million tonnes per annum due to limitat...Read More
LONDON (Reuters) - Europe’s manufacturing boom stumbled in March as optimism waned and demand ebbed owing to a powerful winter storm, surveys showed on Tuesday, but expansion was still broad-based across the continent.Factories in the currency bloc ended 2017 with record strong growth, so any slowdown from that pace is unlikely to stop decision-makers at the European Central Bank moving away...Read More
DETROIT (Reuters) - Detroit’s automakers posted sales gains in new vehicles in March on the back of a strong U.S. economy, sending shares in both General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) up in early trading.GM posted a 16 percent jump in new vehicle sales from the previous March, led by a 14 percent increase in higher-margin retail sales to consumers. Fiat...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 currency stabilize after sharp declines the previous day.The outlook for the dollar, however, remains murky due to global trade tensions. The greenback has lost 2 percent in the year so far.“At the moment, support...Read More
The stock has found support at previous levels of resistanceRetail giant Macy's Inc (NASDAQ:M) recently soared to a fresh annual high in late February, and the stock's pullback from this peak culminated last week in a sharp bounce from the $27 level. This area had previously acted as resistance since the stock's May 2017 bear gap, but now seems to have switched roles to act as support. M has alrea...Read More
April 3 (Reuters) - Canada's main stock index were little changed on Tuesday as narrow gains in financial stocks were offset by declines in materials sector.* At 9:32 a.m. ET (1332 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 2.05 points, or 0.01 percent, to 15,215.5. (Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur) Disclaimer: The views expressed in this art...Read More
DUBAI (Reuters) - A Saudi oil tanker in the Red Sea was hit in a Houthi attack off Yemen's main port city of Hodeidah, Saudi-owned Al-Arabiya television reported on Tuesday, citing a statement from the Saudi-led coalition.The Iran-aligned Houthi group said they had targeted a warship of the coalition in the Red Sea in response to an air strike in Yemen's Hodeidah province on Monday.Reporting by Sa...Read More
(Kitco News)- Trading activity for the metalsoverall and gold in particular hit a record pace in the first quarter,according to the latest trade data from CME Group.In a report Tuesday, the exchangeoperator said metals volume averaged 713,000 contracts per day from Januarythrough March, up 39% from the first quarter of 2017.Trading volume was also above thethree-month rolling averages of 662,000 f...Read More
(Reuters) - Wall Street’s main indexes were higher on Tuesday, with the Dow Jones Industrial Average rising more than 100 points, helped by a recovery in the battered technology and consumer discretionary stocks.Amazon and Tesla, the top drags on Monday, rose, with the Dow and the S&P opening above their 200-day moving averages.The S&P 500 on Monday broke below that important level f...Read More
(Reuters) - The New York Federal Reserve launched a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long and complex switchover.The Secured Overnight Financing Rate (SOFR) set at 1.80 percent. SOFR is based on the overnight Treasury repurchase agreement market, which trades around $800 billion in volume daily.Publishing...Read More