STRASBOURG (Reuters) - French President Emmanuel Macron urged Europeans on Tuesday to halt a retreat into national antagonisms and rebuild the European Union as a bulwark for liberal democracy against a disorderly and dangerous world.Addressing the European Parliament, he won applause from lawmakers after condemning the rise of “illiberal democracies” even within the EU and portraying...Read More
Boom! The U.S. and its allies struck Syria in response to a suspected deadly chemical attack several days ago. Gold should be the safe haven in such situations, right? But the price of gold was practically unchanged on Monday. What happened?U.S. strikes Syria. Gold yawnsA lot has happened in recent days. Luckily, we have kept an eye on the most important developments for you, so let's analyze thei...Read More
(Kitco News)- Gold’s inability to break throughcritical resistance is frustrating many investors, but one Dutch bank continuesto see potential for the yellow metal.In a report Monday, OliverNugent, commodity strategist at ING, said that he thinks it’s only a matter oftime before gold prices push past $1,400 an ounce as markets are underpricingrising inflation risks.While the Federal Re...Read More
The stock bounced off a supportive trendline last monthHR software provider Workday Inc (NASDAQ:WDAY) was a big winner in 2017, and that momentum has continued into 2018. The shares are up roughly 22.6% year-to-date, and touched an all-time high of $140 in mid-March. While WDAY has pulled back slightly since then, it's been consolidating near the 50-day moving average, recently bouncing from a tre...Read More
Source: Streetwise Reports 04/17/2018Mick Carew, an analyst with Haywood Securities, reviewed and analyzed the company's recent drill results from its Idaho project.In an April 11 research note, analyst Mick Carew with Haywood Securities reported that Liberty Gold Corp. (LGD:TSX) released final data from drilling done at its Black Pine project, which "successfully confirmed and expanded histor...Read More
LONDON (Reuters) - British workers’ pay is still rising by less than inflation despite the lowest unemployment rate since 1975, official data showed on Tuesday, but weaker-than-expected wage growth is unlikely to stop interest rates rising next month.Since February, Britain’s central bank has homed in on what it sees as an increasingly tight labor market that risks keeping inflation ab...Read More
NFLX is closing in on its March 12 all-time peak after earningsShares of Netflix, Inc. (NASDAQ:NFLX) have shot 7.1% higher to trade at $329.74, after the streaming giant said it added 1.96 million new U.S. subscribers in the first quarter, and 5.46 million new international subscribers -- topping analysts' estimates for 6.5 million global additions. Netflix also projected 6.2 million new customers...Read More
Mr. Eric Fier reports SILVERCREST DELINEATES 10TH HIGH-GRADE VEIN AT LAS CHISPAS; MULTIPLE HIGH-GRADES INTERCEPTEDSilvercrest Metals Inc. has released drill results from the Luigi vein on the Las Chispas property, located in Sonora, Mexico. Silvercrest discovered the Luigi vein in the footwall of the Las Chispas vein in mid-2017 but it remained unnamed until the company completed enough drilling t...Read More
LONDON/NEW YORK/HONG KONG (Reuters) - The United States has banned American firms from selling parts and software to China’s ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world’s two largest economies.The move, first reported by Reuters, comes at a time when the two countries have threatened each other with tens...Read More
MADRID (Reuters) - San Francisco Federal Reserve Bank President John Williams on Tuesday said he expects U.S. inflation to rise to the U.S. central bank’s 2-percent goal this year and stay at or above that goal for “another couple of years.”To keep the economy from overheating, he said at Banco de Espa??a in Madrid, the Fed needs to keep raising interest rates. The Fed’s ta...Read More
Finds buyers once again near $ 1343 levels, as bulls look back to $ 1350. Will the bounce sustain amid higher European stocks/ risk-on? Gold futures on Comex are attempting a minor bounce from two-day lows of $ 1343.40, as the bulls continue to find support just ahead of the hourly 200-MA located near $ 1342.20 levels. Despite, a risk-on rally seen in the European equities, positive Treasury yie...Read More
Wells Fargo upgraded NWL to 'outperform'Newell Brands Inc (NYSE:NWL) stock is up 4.3% to trade at $27.38 this morning, after Wells Fargo upgraded the consumer products concern to "outperform" from "market perform," while issuing a price-target hike to $33 from $25. The analyst in coverage believes Newell's "individual businesses are very undervalued," and that "pending divestitures will unlock si...Read More
(Reuters) - U.S. stock indexes opened higher on Tuesday as strong earnings from Netflix, Goldman Sachs and health majors boosted optimism over what is expected to be the strongest earnings season in seven years.The Dow Jones Industrial Average .DJI rose 108.75 points, or 0.44 percent, at the open to 24,681.79. The S&P 500 .SPX opened higher by 14.90 points, or 0.56 percent, at 2,692.74. Th...Read More
LONDON (Reuters) - A prominent campaigner to leave the European Union, Arron Banks, denied allegations on Tuesday by a former employee of political consultancy Cambridge Analytica that he had misused personal data for political purposes.Brittany Kaiser testified to a committee of British lawmakers that Leave.EU founder Banks might have broken data protection law by mixing customer data from his in...Read More
Roku also announced it'll be offering the ESPN+ streaming serviceRoku Inc (NASDAQ:ROKU) stock is one of the top gainers in early trading, up 8.5% at $35.84. The move comes after hedge fund Point72 revealed a 5.1% passive stake in the company, with news the streaming technology provider will offer Disney's ESPN+ also providing a boost. As such, ROKU shares could notch their highest settlement in a...Read More
The Coke parent's rival PepsiCo, on the other hand, was downgradedShares of The Coca-Cola Co (NYSE:KO) are higher in early trading, after receiving an upgrade to "neutral" from "sell" at Goldman Sachs, saying it expects KO to outperform rival PepsiCo (PEP) -- which was downgraded to "sell." And while the brokerage firm also cut its price target by $1 to $46, Coca-Cola stock is up 0.5% to trade at...Read More
BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.Some of the western diplomats involved in the meetings with Fu Ziying, who is also a vice-commerce minister, h...Read More
WEST PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe will seek common ground on how to deal with North Korea’s nuclear challenge on Tuesday amid fears in Tokyo that Trump might be prone to make too many concessions.Abe is due to arrive at Trump’s Mar-a-Lago retreat in Palm Beach, Florida, for two days of talks dominated by North Korea but...Read More
A strong reaction to Netflix earnings is lifting S&P and NDX futuresDow Jones Industrial Average (DJI) futures are trading well above fair value -- pointing to a second straight day of big gains for the index -- thanks to positive earnings reactions for blue chips Goldman Sachs (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also signal...Read More
Premier GoldMines Ltd. (TSX: PG) reports first-quarter gold production of 30,550 ounces andsilver output of 59,826 ounces, leaving it on track to meet guidance. Thecompany says gold production of 15,541 ounces from South Arturo during thequarter has already exceeded annual guidance, as a result of a decision byoperator Barrick Gold Corp. in January to accelerate the processing of thesecond phase o...Read More