SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller.Facebook members outside the United States and Canada, whether they know it or not, are cu...Read More
The shares could skyrocket soon, if past is prologueBiotech stock Sangamo Therapeutics Inc (NASDAQ:SGMO) touched a 17-year high of $27.50 on Feb. 22, after the company announced a $3 billion gene-editing deal with Gilead Sciences (GILD). Since then, however, SGMO stock has taken a breather on the charts, pulling back to its 160-day moving average. But if past is prologue, Sangamo Therapeutics sha...Read More
(Reuters) - Southwest Airlines Co clashed with engine-maker CFM over the timing of proposed inspections and with regulators over costs after a 2016 accident involving the airline that was caused by a fan blade separating, public documents showed.The documents, which are on a U.S. federal website and were viewed by Reuters, reveal the wrangling over previously proposed safety checks on CFM engines...Read More
Fellow FAANG names Facebook and Google will also report next weekEarnings season hits high gear next week, with big names from virtually every sectorset to step up to the plate. Boeing (BA), Caterpillar (CAT), Coca Cola (KO), and Verizon Communications (VZ) are among the blue chips due up. FAANG names Alphabet (GOOGL), Amazon.com (AMZN), and Facebook (FB) will also report, and we'll also hear...Read More
BOSTON (Reuters) - BlackRock Inc (BLK.N) on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance.The world’s largest asset manager made the call in a letter to index provider MSCI, which had sought comments about a proposal it is considering to adjust the index weigh...Read More
(Kitco News) - Gold pricesweremoderately lower in midday U.S. trading Thursday, on some profit-taking fromthe shorter-term futures traders following gains scored earlier this week. Somechart consolidation was also featured amid a quieter world marketplace latethis week. Silver prices were trading near steady this afternoon, but hitanother 2.5-month high overnight. The current technical postures...Read More
WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company’s planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.Bewkes told Judge Richard Leon, who will decide if the $84.5 billion deal may go forward, that the U.S. Justice Department was wrong to say that AT&T...Read More
(Kitco News) - If you ever played Candy Crush on your phone, then one Wall Street analyst’s analogy might ring very true, which compares cryptocurrencies to tokens in the popular online game.“As any player of online games can attest, the goal of most games is to win coins, tokens, jewels, or the like that are helpful in reaching new levels in the game,” Richard Bernstein, chief e...Read More
Intel and Procter & Gamble are the worst Dow performers todayStocks are stuck in reverse following the latest round of corporate earnings. While an earnings-induced bull gap from blue chip American Express (AXP) briefly had the Dow Jones Industrial Average (DJI) in positive territory, the index was last seen below breakeven, weighed down by pullbacks from Apple (AAPL) and Procter & Gamble (PG). Th...Read More
Gold has no shortage of investor worries to support its safety demand.Biggest worry of all is Mideast tensions which have boosted oil price.Gold should follow oil's impressive rise in the intermediate term.As if investors didn't have enough to worry about already, Wednesday provided them with yet another one. A strong performance in the crude oil market underscored the ongoing geopolitical ten...Read More
LONDON (Reuters) - Former Goldman Sachs chief economist Jim O’Neill - best known for coining the BRICs acronym for the fast-growing economies of Brazil, Russia, India and China - will chair British foreign policy think tank Chatham House.O’Neill chaired Goldman Sachs’s asset management arm between 2010 and 2013 at the end of a long career at the investment bank.Prime Minister Dav...Read More
NEW YORK (Reuters) - Oil prices hit highs not seen since 2014, with U.S. crude edging closer to $70 a barrel, after OPEC producers told Reuters the inventory overhang has largely disappeared and as top exporter Saudi Arabia aims to push prices even higher.Traders said speculators continue to bet on further upside, expecting potential supply disruptions and further drawdowns, driven by strong deman...Read More
The apparel stock has added roughly 11% in 2018, but short interest keeps risingUnder Armour Inc (NYSE:UAA) is lower today, down 0.4% to trade at $16.03. The stock has struggled to breakout in 2018, consolidating mostly within the $16-$18 range since its earnings-induced bull gap in February. If past is precedent, though, it could be time to bet on Under Armour's next leg higher, as it recently a...Read More
(Kitco News) - Gold prices are trading moderately lower and have hit their sessionlows in late-morning dealings Thursday. Early losses were extended, as someprofit-taking is featured by the shorter-term futures traders, following thisweek's gains. The U.S. dollar index has also firmed up today and is trading atits daily high, which is also a negative for the precious metals markets. Junegold was...Read More
Baird raised its FSLR price target overnightFirst Solar, Inc. (NASDAQ:FSLR) topped out at a six-year high of $77.25 earlier, after Baird raised its price target on the solar stock to $85 from $82. And while FSLR shares have since turned lower amid broad-market headwinds -- down 3% to trade at $75.52 -- they are holding above the $74-$75 region, which has been a stiff ceiling for the shares since 2...Read More
TORONTO, Apr 19, 2018 (Canada NewsWire via COMTEX) -- Adventus and Salazar Announce Initial 2018 Results at the Curipamba Project, Including 10.35 Metres of 3.85% Copper, 5.12 g/t Gold, 10.34% Zinc, 139 g/t Silver and 0.95% Lead Adventus Zinc Corporation ("Adventus") (ADZN) and Salazar Resources Limited ("Salazar") (SRL) are pleased to announce the first drill holes from the 2...Read More
Canada's Copper Mountain Mining (TSX:CMMC) has completed the acquisition of Australian junior Altona Mining (ASX:AOH) for A$93 million, or about $72 million at today's rates.As part of the deal, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first agreed on the deal, in November.The m...Read More
NEW YORK, April 19 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages rose to their highest levels in more than four years in step with a jump in bond yields, Freddie Mac said on Thursday.Thirty-year mortgage rates averaged 4.47 percent in the week ended April 19, which was their highest since January 2014 and above prior week's 4.42 percent, the U.S. mortgage finance agency said. (Re...Read More
KIEV (Reuters) - Ukraine’s Orthodox church could become independent of Moscow under the terms of a presidential initiative lawmakers approved on Thursday, a move that President Petro Poroshenko said would make it harder for Russia to meddle in Ukrainian affairs.Ukraine’s pro-Western leaders have sought step by step to move the former Soviet republic out of Russia’s orbit, after R...Read More
Tommy WilkesLONDON (Reuters) - Foreign exchange trading volumes rose to a record high in the first three months of the year, data showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies.The numbers released by CLS, a major settler of trades in the foreign exchange market, follows a huge surge in trading on Thomson Reuters’ trading pla...Read More