(Kitco News)- After four weeks of selling,hedge funds jumped back into the gold market and pushed prices to a 5.5-weekhigh, according to the latest trade data from the Commodity Futures TradingCommission.The CFTC’s disaggregatedCommitments of Traders report for the week ending March 27 showed moneymanagers increased their speculative gross long positions in Comex gold futures by 34,928 contr...Read More
April 2 (Reuters) - Sales in March of U.S. Mint AmericanEagle gold fell to their lowest for the month, and silver coinsdropped to their lowest in 11 years, government data showed. Sales of U.S. Mint American Eagle gold coins fell to theirslowest March sales ever, according to records dating back to2007, while silver coin sales for March fell to their lowest in11 years, government data showed. Sa...Read More
Click the following link to watch video: Source: Reuters InsiderDescription: The U.S. National Transportation Safety Board said it's "unhappy"that Tesla made public information about a deadly crash involving a Model Xvehicle. Fred Katayama reports.Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author...Read More
WASHINGTON (Reuters) - U.S. construction spending rose less than expected in February amid a steep decline in investment in public construction projects.The Commerce Department said on Monday construction spending edged up 0.1 percent after being unchanged in January.Economists polled by Reuters had forecast construction spending accelerating 0.5 percent in February. Construction spending increase...Read More
NEW YORK, April 2 (Reuters) - For details of the U.S.Treasury's auction of 4-week bills on Tuesday, see: (Reuters New York newsroom) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such...Read More
(Updates shares, adds UNH)** Shares of health insurer Humana Inc up ~6.3 pctat $285.79 and Walmart shares down ~3 pct at $86.27** WMT is in talks with HUM to expand their partnership orpossibly buy out the company, sources told Reuters last week** Deal would follow recent trend of retailers buyinginsurers, with CVS Health's $69 bln deal for Aetna and Cigna's $54 bln deal for Express Scripts ** Tie...Read More
* Eikon search string for individual stock moves: * The Day Ahead newsletter: * The Morning News Call newsletter: A dreadful week for technology stocks worsened on Monday as Amazon and Teslashares fell further, setting a grim tone for markets already worried aboutChina's decision to raise import tariffs on U.S. products. At 10:30 ET, the Dow Jones Industrial Average was down 0.62 percentat 23,953....Read More
** IT services company's shares drop as much as 16pct to hit over 1-1/2 year low of $99.51 in early trading afterQ2 forecast falls largely below estimates** Stock is on pace for its worst day in over 13 years** Company guides Q2 adj profit below Street expectationsand forecasts Q2 revenue, whose midpoint fall below estimates ** Stifel cuts PT by $12 to $140, says weak forecastprimarily due to near...Read More
(Adds details from ISM survey, updates markets)* ISM national factory index falls 1.5 points in March* New orders, employment indexes decline* Construction spending edges up 0.1 percent in February By Lucia MutikaniWASHINGTON, April 2 (Reuters) - U.S. factory activity slowedin March amid shortages of skilled workers and rising capacityconstraints, but growth in the manufacturing sector remainsunde...Read More
(Corrects YTD number in last bullet)** Canadian retailer's shares fall as much as ~6.8pct after disclosing security breaches at some N. America stores ** HBC last down 4.3 pct, 5th biggest pct loser on the TSX , which is off 0.5 pct** Hudson's Bay on Sunday reported security breaches at someof its Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor storesacross North America ** Co says "tak...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump renewed calls for Congress to pass immigration legislation on Monday, one day after saying he would not consider a deal to protect young immigrants.“Congress must immediately pass Border Legislation, use Nuclear Option if necessary, to stop the massive inflow of Drugs and People ... Act now Congress, our country is being stolen!” Trump...Read More
* Tesla drops after saying crashed car was on autopilot* Humana up after report Walmart discussing tie-up,acquisition* Amazon falls after Trump again targets the online giant* Indexes down: Dow 0.19 pct, S&P 0.67 pct, Nasdaq 1.18 pct(Updates to open)By Sruthi ShankarApril 2 (Reuters) - A dreadful week for technology stocksworsened on Monday as Amazon and Tesla shares fell further,setting a gri...Read More
MEXICO CITY, April 2 (Reuters)- Activity in Mexico's manufacturing sector rose in March, recovering from a dip in the previous month, as new orders jumped and fueled new hires, a survey showed on Monday.The IHS Markit Mexico Manufacturing Purchasing Managers' Index rose to 52.4 in March, bouncing back from a four-month low of 51.6 in February.A reading above 50 signals expansion in the sector, whi...Read More
* Third day of profit-taking in Saudi after FTSE decision* Qatar stocks keep rising on higher foreign ownershiplimits* Dubai's Emaar Properties at new 23-month low* Bahrain ignores news of big oil find* Egyptian Chemical soars in heaviest trade for decadesBy Katie PaulDUBAI, April 2 (Reuters) - Saudi Arabia's stock marketclosed down on Monday, falling for a third straight day afterFTSE Russell dec...Read More
LONDON (Reuters) - Oil fell to around $69 a barrel on Monday, reversing an earlier rally, as a rise in Russian production and concern about a U.S.-China trade spat offset a drop in U.S. drilling activity.U.S. drillers cut seven oil rigs in the week to March 29, bringing the total down to 797, the first decline in three weeks. The rig count is closely watched as an indicator of future U.S. oil outp...Read More
(Adds details on USPS, analyst comments, updates shares)April 2 (Reuters) - Shares of Amazon.com Inc fell 6percent on Monday after U.S. President Donald Trump againattacked the online retailer over the pricing of its deliveriesthrough the United States Postal Service and promisedunspecified changes. "Only fools, or worse, are saying that our money losing PostOffice makes money with Amazon,&qu...Read More
** No. 1 U.S. meat processor's shares falls 5 pct to$69.49 after China slapped extra tariffs of up to 25 percent on128 U.S. products, including frozen pork** Extra tariffs also on products like wine, certain fruitsand nuts in response to steep U.S. tariffs on imports ofaluminum, steel ** Separately, U.S. President Donald Trump is preparing toimpose tariffs of more than $50 bln on Chinese tech good...Read More
Tesla said the function was initiated prior to last week's fatal vehicle crashComing off their worst month since 2010, shares of Tesla Inc (NASDAQ:TSLA) have entered April sharply lower. Weighing on the stock is a weekend update tolast week's fatal Model X crash, which showed the Autopilot function was initiated just prior to the collision. This is overshadowing a Tesla stock upgrade at Jefferies...Read More
(Corrects headline to show Co was buying, not selling, the U.S.business)** Canadian printing company up ~6 pct, easingfrom a surge of as much as 16 pct** Co to buy U.S. operations of Coveris Holdings S.A. for$1.32 bln using cash and debt ** Trade volumes slightly over 1x 30-DMA by 1400 GMT** Stock now up 8.5 pct this year (Reporting by Ahmed Farhatha) Disclaimer: The views expressed in this arti...Read More
April 2 (Reuters) - Canada's main stock index fell on Mondaydue to losses in the financial and energy sectors amid a revivalin trade war fears after China decided to impose additionalduties on U.S. products.* At 9:52 a.m. ET (1352 GMT), the Toronto Stock Exchange'sS&P/TSX Composite Index fell 87.97 points, or 0.57percent, to 15,279.32.* The financial and energy sectors that together make up fo...Read More