WASHINGTON (Reuters) - President Donald Trump declared as “dead” on Monday a program that protects immigrants brought to the United States illegally as children and pressed Congress to “immediately” pass legislation to secure the U.S. border with Mexico.Trump, who has taken a hard line on legal and illegal immigration as president, said in September he was terminating the D...Read More
Alphabet stock is down more than 16% from its all-time highFacebook (FB) has continued to get pummeled following its data scandal, while President Trump has kept the pressure on Amazon.com (AMZN). All the while FAANG peer Alphabet Inc (NASDAQ:GOOGL) has been feeling the effects for no fault of its own. Since hitting an all-time high of $1,198 back on Jan. 29, the shares have shed 16.4% and are now...Read More
(Kitco News)- Growing fears of an intensifying trade war and weakeconomic data continue to pressure risk assets, pushing gold and silver prices higher. Looking ahead, in an email statement to Kitco News,Lukman Otunuga, research analyst at FXTM, said that he sees a potential forgold to continue to trend higher in the near-term, with $1,340 an ounce,representing a critical barrier for the yellow met...Read More
WASHINGTON (Reuters) - The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefitin...Read More
CAIRO (Reuters) - U.S. President Donald Trump expressed his “sincere congratulations” to Egypt’s President Abdel Fattah al-Sisi on his re-election victory in a call on Monday, Egypt’s state news agency MENA reported.Trump said in the call that the United States was keen on strengthening strategic relations and continuing to coordinate on key issues, MENA reported.Egypt anno...Read More
WASHINGTON (Reuters) - The White House on Monday accused China of distorting global markets and said the country should not target “fairly traded U.S. exports” after Beijing increased tariffs on 128 U.S. products in response to U.S. duties on imports of aluminum and steel.“China’s subsidization and continued overcapacity is the root cause of the steel crises,” White H...Read More
(Reuters) - Shares in U.S. technology majors sank again on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and sending the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months.All the 11 major S&P sectors were lower, with stocks also coming under pressure over renewed fears of a trade war after China imposed additional...Read More
NEW YORK (Reuters) - U.S. stocks tumbled on Monday, weighed down by Amazon.com after U.S. President Donald Trump again attacked the online retailer, while the dollar slid as China raised tariffs on U.S. products in an escalating spat between the world’s two biggest economies.China bumped tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, i...Read More
• Renewed trade war fears prompt USD selling and helps regain traction. • Risk-off mood provides an additional boost to the safe-haven appeal. • Traders now eye US ISM PMI for some short-term opportunities. Gold continued gaining some positive traction through the mid-European session and refreshed session tops in the past hour....Read More
Investors are also considering today's manufacturing dataU.S stocks are extending their losses at midday, with the Dow Jones Industrial Average (DJI) down nearly 500 points at last check. A Trump-induced Amazon (AMZN) sell-off is rocking the tech sector once again, and an extended slide to fresh lows from Tesla (TSLA) is grabbing headlines, as well. Lingering fears of a trade war are only adding t...Read More
The stock has been falling in sympathy with its shipping rivalIt's been a rough stretch for Amazon (AMZN), which has dropped 14% from its mid-March record high, amid pressure from broader tech headwinds and scathing tweets from President Donald Trump. Online shipping concern Stamps.com Inc. (NASDAQ:STMP) has been sinking alongside its rival, but if history is any guide, it could be time to buy sho...Read More
Last week we noted that Gold's quarterly close would be a key marker for Gold's immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have to remain patient. It's not yet Gold's time. It will be soon enough.One cata...Read More
Dave & Busters stock touched an annual low earlier Although earnings season is basically over, restaurant name Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) will be reporting fiscal fourth-quarter earnings after the close tomorrow. If past is precedent, PLAY stock could be headed for a volatile post-earnings move. PLAY stock has had a negative earnings reaction in three of the last four quar...Read More
* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUDMIN%3DECIMOSCOW, April 2 (Reuters) - Russia's finance ministry isexpected to increase purchases of foreign currency in April asoil prices rise, according to a Reuters poll.The median forecast of 12 analysts polled by Reuters was forthe ministry to buy the equivalent of 233.5 billion roubles ($4.06 billion) between April 6 a...Read More
** Shares of Ionis Pharma and Alnylam Pharma fall after Pfizer's drug to treat transthyretin(TTR) cardiomyopathy, a rare and fatal disease linked to heartfailure, succeeds in late-stage study** ALNY shares slumped 19.09 pct to $97.55; IONS sharesdipped 6.03 pct to $41.42** ALNY and IONS are developing separate treatments forhereditary TTR amyloidosis ** TTR cardiomyopathy is a condition that resul...Read More
WASHINGTON, April 2 (Reuters) - The U.S. TreasuryDepartment said its Dutch bidding auction of 3-monthbills brought these results:3-MONTH BILLS RATESHigh1.740 pctMedian1.710 pctLow 1.680 pctInvestment1.772 pct PRICE/ACCEPTANCESPrice99.560167Accepted at high 51.97 pctBid-to-cover ratio 2.88AMOUNTS TENDERED AND ACCEPTED (dollars)Total accepted 48,000,442,900Total public bids tendered138,196,904,900Co...Read More
WASHINGTON, April 2 (Reuters) - The U.S. TreasuryDepartment said its Dutch bidding auction of 6-monthbills brought these results:6-MONTH BILLS RATESHigh1.905 pctMedian1.890 pctLow 1.850 pctInvestment1.950 pct PRICE/ACCEPTANCESPrice99.036917Accepted at high 56.65 pctBid-to-cover ratio 3.10AMOUNTS TENDERED AND ACCEPTED (dollars)Total accepted 42,000,398,400Total public bids tendered130,166,845,900Co...Read More
* USD/JPY back below Kijun support at 106.12; 105.80 next prop* Stocks under pressure led by techs, particularly AMZN* S&Ps by key 200-DMA prop @2,589: close below is USD/JPY sell* ISM Prices Paid highest since Apr '11; New Ord lowest since Aug* Employment also softer pre-Fri NFP Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals I...Read More
* U.S. cuts 3-month, 6-month bill supply by $3 bln each* U.S. reduces 1-month T-bill issuance by $10 bln* Annual tax season seen filling U.S. government's coffer (Recasts with detail on expected revenues; adds details,graphic, quotes)By Richard LeongNEW YORK, April 2 (Reuters) - The U.S. Treasury Departmentreduced the amount of short-term debt for sale this week, as thegovernment is expected to co...Read More
Vancouver-based Inomin Mines (TSX.V: MINE) announced today that, subject to TSXV acceptance, it will be acquiring a 100% interest in the Fleetwood zinc-copper-silver-gold property for $10,000 and 200,000 shares to CanAlaska Uranium (TSX.V: CVV).In a press release, the company explained that the 420-hectare property, located in the New Westminster Mining Division of southwestern British Columbia, h...Read More