(Reuters) - Starbucks Corp (SBUX.O) will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.The announcement from world’s biggest coffee company comes as it tries to cool tensions after the arrest of two black men at one of its Philadelphia cafes last week sparked accusations of racial profiling at th...Read More
Gold prices settled modestly lower on Tuesday, following gains in the last two sessions, as stocks climbed on the back of upbeat earnings and the dollar drifted a bit higher, with news on the geopolitical front quiet for now. June gold GCM8, -0.16% eased back by $1.20, or just under 0.1%, to settle at $1,349.50 an ounce, giving back about half of Monday's 0.2% gain. Gold tallied a rise of roughly...Read More
LONDON (Reuters) - Britain's Prince Harry and his American fiancee Meghan Markle will attend a memorial service next week for Stephen Lawrence, a London teenager who was murdered in a racially motivated attack 25 years ago, Kensington Palace said on Tuesday.Harry, who will marry Markle at Windsor on May 19, will read a message of support from his father, Prince Charles, the palace said on Twitter....Read More
WASHINGTON (Reuters) - President Donald Trump has requested an extension for filing his 2017 income tax return and will file a full return by the October extended deadline, a White House spokeswoman said on Tuesday, which is tax filing day in the United States.“The president filed an extension for his 2017 tax return, as do many Americans with complex returns. He will file his tax return by...Read More
(Kitco News)- Do you have investment skills that rival some of the tophedge fund managers in the world, then maybe it is time to put your money whereyour mouth is, at least figuratively.Tuesday, the Sohn Conference Foundation announced the launchof the Ira Sohn Stock Game, a new fantasy stock picking completion, ahead ofits annual investment conference in New York City April 23. With a $100 donati...Read More
WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday dropped Microsoft Corp’s (MSFT.O) privacy fight with the Justice Department over whether prosecutors can force technology companies to hand over data stored overseas after Congress passed legislation that resolved the dispute.The justices heard arguments in the high-profile case on Feb. 27, but President Donald Trump on March 22 signed...Read More
TWTR and IRBT have exceeded options traders' volatility expectationsEarnings season is heating up, with FAANG stock Netflix (NFLX) soaring after the streaming giant reported solid subscriber growth. With that in mind, we decided to hunt for some options-trading ideas for premium buyers this earnings season. Specifically, we identified stocks that have tended to make outsized moves on the charts in...Read More
Options traders have been extremely call heavy on the struggling sharesToy manufacturing concern Mattel, Inc. (NASDAQ:MAT) is set to report its first-quarter earnings this Thursday. MAT stock has finished lower the day after earnings in four of the past five quarters, but snapped its losing streak last time around, with a 7.9% swing higher. The stock's average post-earnings daily price move is 8.5...Read More
WEST PALM BEACH, Fla. (Reuters) - White House economic adviser Larry Kudlow said on Tuesday the United States would like to see a free trade deal with Japan at some point, noting the two countries had some differences on trade.“We have certain disagreements with respect to some of the trading issues. We’ll iron those out hopefully,” Kudlow told reporters during a briefing ahead o...Read More
DAMASCUS/THE HAGUE (Reuters) - The United States accused Russia on Monday of blocking international inspectors from reaching the site of a suspected poison gas attack in Syria and said Russians or Syrians may have tampered with evidence on the ground.Moscow denied the charge and blamed delays on retaliatory U.S.-led missile strikes on Syria on Saturday.British Prime Minister Theresa May and French...Read More
(Kitco News) - Gold priceswere modestly down but up from their daily lows in midday U.S. trading Tuesday.The safe-haven metals are holding their own despite a more robust trader andinvestor risk appetite in the marketplace early this week, as seen by rallyingworld equities markets. June Comex gold futures were last down $2.40 an ounceat $1,348.20. May Comex silver was last up $0.103 at $16.775 a...Read More
NEW YORK (Reuters) - The dollar rose from a three-week low on Tuesday, helped by falls in the euro and sterling, even as investors remained cautious about the greenback because of tension in the Middle East and a U.S. trade dispute with China.“The weakness in the euro and sterling is mainly driving the dollar higher at this point, although there are other factors as well,” said Omer Es...Read More
Allegiant stock has shed 20% since its March 14 annual highAllegiant Travel Company (NASDAQ:ALGT) stock has been getting pummeled in recent sessions due to a 60 Minutes investigation into the budget airliner's propensity for in-flight mechanical issues. Ahead of the TV segment, which aired Sunday, ALGT stock fell 8.6% on Friday, and has since continued its descent, last seen 1% lower at $145. As o...Read More
(Reuters) - President Donald Trump's policies on trade are denting his approval ratings in many of the rural and industrial regions that helped him win the White House, according to the latest Reuters/Ipsos polling.Amid rapidly rising trade tensions with China, here are some highlights from the ongoing poll:RUST BELTIn March, 40 percent of people in Michigan, Ohio, Indiana, Illinois and Pennsylvan...Read More
(Reuters) - U.S. stocks rose more than 1 percent on Tuesday, helped by gains in technology companies and as strong earnings from Netflix and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years.Netflix (NFLX.O) shares rose as much as 9.3 percent to $336.25, hitting an all-time high, after the video-streaming pioneer smashed analysts’ quarterl...Read More
Deutsche Bank and Canaccord Genuity started coverage with "buy" ratingsDropbox Inc. (NASDAQ:DBX) has received an onslaught of analyst attention today, after the research blackout period for underwriters of the Wall Street newcomer expired. Deutsche Bank joined Canaccord Genuity in starting coverage with a "buy" rating, while the brokerage firms set price targets of $36 and $35, respectively. The l...Read More
NFLX shares are trading near record highs Stocks are extending their gains at midday thanks to an upbeat round of corporate earnings -- led by a huge rally in Netflix (NFLX) shares -- and stronger-than-expected March housing starts and industrial production. The Dow Jones Industrial Average (DJI) is trading up more than 250 points, and is on pace for its highest settlement in about a month -- as a...Read More
BEIRUT (Reuters) - Global chemical weapons inspectors finally reached the Syrian town on Tuesday where a suspected poison gas attack took place, days after the United States, Britain and France launched missile strikes to punish Damascus for it.Members of Syrian police sit at a damaged building at the city of Douma, Damascus, Syria April 16, 2018. REUTERS/Ali HashishoSyrian state television report...Read More
LONDON (Reuters) - Prime Minister Theresa May apologized to 12 Caribbean nations on Tuesday for immigration officials’ harsh treatment of people from those countries who migrated to Britain as children after World War Two.The “Windrush generation” were invited to Britain to plug labor shortfalls between 1948 and 1971, but some of their descendants have been caught up in a tighten...Read More
MOSCOW (Reuters) - Russia’s drive to build a large power-generating turbine to lessen its dependence on Western technology has suffered a major set-back after a prototype broke beyond repair, two sources familiar with the project told Reuters.In the past few years Russia has imported the large-capacity gas turbines required to run modern power stations from firms such as Siemens (SIEGn.DE),...Read More