MOSCOW (Reuters) - A Kremlin aide said on Monday that U.S. President Donald Trump suggested the White House as the venue for a summit with Russia’s Vladimir Putin when they discussed the idea of meeting in a telephone call last month.Since that call, on March 20, preparations for a possible summit have not progressed because of a diplomatic row, the aide, Yuri Ushakov, said.“When our p...Read More
Dollar confidence 'most important determinant' of gold priceAggregate U.S. debt seen contributing to worries over dollarGold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.Bullion could top $1,400 an ounce in 2018 as escalating tra...Read More
Dollar confidence 'most important determinant' of gold priceAggregate U.S. debt seen contributing to worries over dollarGold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.Bullion could top $1,400 an ounce in 2018 as escalating tra...Read More
Gold prices trimmed half of last week's losses, as Wall Street falls. New tariffs from China to US agricultural products adds to tech-related equities' woes. Demand for safe-haven gold increased after the US opening, with the bright metal trading near a daily high of $1,340.24 a troy ounce. Spot is up roughly $13.00 ever since the day started, with the Momentum accelerating as Wall Stree...Read More
Anna Irrera, Jemima KellyNEW YORK/LONDON (Reuters) - Trading firms are negotiating buying, selling and lending digital currencies like bitcoin and ether over Skype, catering to big investors looking to avoid rocking already volatile online exchanges.Some 20 traders as well as clients such as wealthy investors, bitcoin miners, payment processors and, increasingly, hedge funds, have in around five y...Read More
April 2 (Reuters) - The Chicago Board Options Exchange published the top ten active equity options on Monday. The following are the most active calls and puts as of 04:30 p.m. EDT (2030 GMT):CBOE TOP TEN MOST ACTIVE CALLS - Equity OptionsRanking SymbolExpiry Date Strike PriceSeries Volume Last Sale Price Net Change------------------------------------------------------------------------------------...Read More
Concerns of a global trade war also weighed on the stock marketU.S. stocks finished the day in the red, due to increased trade war concerns and a massive tech sell-off. The Dow and Nasdaq both finished down triple digits, with Amazon (AMZN) stock suffering another Trump Twitter blow, and Intel (INTC) shares plummeting on Apple chip concerns. The S&P 500, meanwhile, marked its lowest close since No...Read More
NEW YORK (Reuters) - Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a “gut feeling” given the recent price movements.“Bitcoin closed at the low of the year last week, SPX (Standard & Poor’s 500 Index) is now at the low of the year this w...Read More
NEW YORK (Reuters) - Amber Baldet, a blockchain program lead at JPMorgan Chase & Co (JPM.N), is leaving the bank to launch her own venture, JPMorgan said on Monday.Baldet, one of the best-known executives focused on blockchain at a major lender, led JPMorgan’s Blockchain Center of Excellence and helped the bank set its strategy for the nascent technology.Baldet will be replaced by Christ...Read More
Sales in March of U.S. Mint American Eagle gold fell to their lowest for the month, and silver coins dropped to their lowest in 11 years, government data showed. Gold coin sales plummeted 83.3 percent from the year prior. Silver coin sales were 43.3 percent lower than the year prior. Published 11:41AM ET Mon,2 April 2018Reuters Zack Seckler | Bloomberg | Getty ImagesAmerican Eagle gold bullion...Read More
NEW YORK, April 2 (Reuters) - Pipeline and storage terminal operator Energy Transfer Partners LP said on Monday that Latitude Technology, a third party service provider, was hit by a cyber attack.* “This situation has not impacted our operations as we are handling all scheduling in house during this time,” spokeswoman Vicki Granado said in an emailed statement.* Latitude provides elect...Read More
WASHINGTON (Reuters) - The head of the U.S. Consumer Financial Protection Bureau asked Congress on Monday to trim the agency’s power to write rules and spend money.Mick Mulvaney, the head of the CFPB, said the agency has the kind of power that should only rest with Congress.“The Bureau is far too powerful, with precious little oversight of its activities,” Mulvaney told Congress...Read More
Bloomberg reported Apple will use its own chips in Macs by 2020The U.S. stock market is spiraling at the start of the second quarter, as the tech rout intensifies. Among stocks making notable moves are blue-chip chipmaker Intel Corporation (NASDAQ:INTC), retailer Wayfair Inc (NYSE:W), and cancer treatment specialist Sellas Life Sciences Group Inc (NASDAQ:SLS). Here's a quick look at how shares of...Read More
(Kitco News) - Goldis likely to be bolstered by a falling U.S. dollar,which is under pressure despite rising bond yields, according to a U.K.-basedresearch firm.Gold rallied Monday in part because of a weakened U.S.dollar. June gold futures settled the day at $1,346.9, up 1.5% on the day.In a recent report, analysts at CrossBorder Capital saidthat a growing U.S. government deficit is likely to req...Read More
The stock has pulled back since touching a record high in JanuaryChinese e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA) has struggled to build off of a rip-roaring 2017 which saw the stock nearly double in value. The company is in the news today after buying up the remaining shares of Chinese food delivery app Ele.me. Although BABA stock is currently down 3.8% to trade at $176.54 amid...Read More
BloombergAmerican manufacturers are going strong, but they are worried about recent tariffs and growing supply constraints. The numbers: American manufacturers were still going strong in March, but many executives complained about bottlenecks getting supplies or transporting their goods to customers, according to the latest survey by the Institute for Supply Management The ISM said its manufactur...Read More
(Updates prices)* Stock slide adds bid for Treasuries* Manufacturers saw rising price pressures in MarchBy Karen BrettellNEW YORK, April 2 (Reuters) - U.S. Treasury yields fell to two month lows on Monday on safety buying as stocks slid, and after a manufacturing report showed an increase in price pressures in March.Shares in major U.S. technology companies sank again, wiping out the tech-heavy Na...Read More
NEW YORK (Reuters) - The dollar fell on Monday, dropping versus the yen for a third straight session, as China imposed extra tariffs on U.S. products, escalating a dispute between two of the world’s biggest economies.Volume though was light as some European markets are closed for the Easter Monday holiday.China has slapped extra tariffs of up to 25 percent on 128 U.S. products including froz...Read More
FB puts have become pricey after the social media concern's data scandalSocial media giant Facebook, Inc. (NASDAQ:FB) and chip maker Nvidia Corporation (NASDAQ:NVDA) have suffered alongside the broader tech sector in recent weeks. The volatile price action has sparked interest from options traders, too.In fact, both FB and NVDA popped up on the list of 20 stocks that saw the heaviest options volu...Read More
Sruthi Shankar(Reuters) - A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and pushing 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 fell, with markets also coming under pressure from renewed fears of a global trade war after China imposed...Read More