(Reuters) - Former Qualcomm Inc (QCOM.O) Chairman Paul Jacobs has informed its board of directors that he will seek to partner with investment firms to make an offer for the U.S. semiconductor company, people familiar with the matter said on Thursday.Jacobs’ attempt to put together an offer comes just a few days after Qualcomm fended off a $117 billion hostile bid from Singapore-based rival...Read More
(Reuters) - Ten years after JPMorgan (JPM.N) bought failing investment bank Bear Stearns, one of the first big harbingers of the financial crisis, investor views on U.S. banks are significantly brighter, although the sector may have already put its biggest gains behind it.JPMorgan initially announced its bid of $2 per share for Bear Stearns on March 16, 2008 when the Wall Street bank was on the br...Read More
MILAN (Reuters) - World stocks wavered and the dollar eased on Friday as turmoil in the U.S. administration kept markets watchful at the end of a week scarred by concerns that U.S. tariffs could provoke a trade war.The MSCI All-Country World index .MIWD00000PUS, which tracks 47 countries, was flat after three straight sessions of losses and was set for a weekly fall of around 0.6 percent.European...Read More
WASHINGTON (Reuters) - By imposing new sanctions on Russia and condemning a suspected Russian chemical attack in Britain, Washington has hinted at a tougher stance toward Moscow despite President Donald Trump’s stated desire for better ties.The U.S. Treasury slapped sanctions on 19 Russian citizens and five entities for election meddling and cyber attacks in the most significant steps the Un...Read More
LONDON (Reuters) - Ratings agency Moody’s said Britain’s government might struggle to make the kind of cuts to public spending it has announced as it seeks to keep narrowing its budget deficit.British finance minister Philip Hammond said on Wednesday that he was on track to report the country’s lowest budget shortfall since 2002 for the 2017/18 financial year, at 2.2 percent of g...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump has decided to replace his national security adviser, H.R. McMaster, but the move is not expected to be made immediately, the Washington Post reported on Thursday.Citing five people with knowledge of the plans, the Post said Trump was considering several possible replacements, including former U.S. Ambassador to the United Nations John Bolton and...Read More
Investors often wonder what thebest precious-metal play is and which one will perform better over time. Themost popular is gold for any number of reasons. The jewelry is prettier, theprice is higher or simply we have been trained that gold is just better.From a pure numbers standpoint,the case should be made for silver as the best precious metal. The gold/silver ratio was designed at 15-1 but has...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average's rise on Thursday followed three straight lower sessions.Even with its slight decline on Thursday, the S&P 500 has risen more than 2% so far in 2018.The Nasdaq fell for its third-straight decline after a seven-session winning streak. Wall Street Overview Stocks were mixed on Thursday, March 15, as inves...Read More
Warren Buffett is one of the most successful investors of all time, and there have been countless articles, books, and studies written about his approach to building wealth.But if you asked me to break down his philosophy into three simple ideas, this is how I would do it...Buffett-ism #1:Seek out cash cows.It's no secret that Buffett loves insurance companies.But why does he love them so much? Be...Read More
Time and time again, history has shown us that the places to invest are not in securities that have already experienced a great run. In fact, history has proven that those are the places to avoid.A little walk down memory lane proves this point:1999 technology stocks were booming - but terrible investments.2006 real estate was where the easy money was made - but a terrible investment.2008 oil was...Read More
Investing.com - Gold prices held steady on Thursday, hovering close to one-week highs as the previous session's mixed U.S. data and political turmoil in Washington continued to pressure the dollar and support safe-haven demand.Comex gold futures were little changed at $1,325.9 a troy ounce by 03:00 a.m. ET (07:00 GMT), just off the previous session's one-week peak of $1,330.5.Sentiment on the gree...Read More
Visionary thinker and best-selling author John Mauldin will be one-on-one with Hedgeye Founder/CEO Keith McCullough to discuss how risky central bank policies, escalating Chinese debt, and geopolitics might adversely affect financial markets. Don't miss this special "Real Conversation" between two of the sharpest minds in finance.John Mauldin is a renowned financial expert, a New York Times best-s...Read More
CloseGain/LossOn WeekGold $1313.60-$2.90-0.75%Silver$16.33-$0.06-1.51%XAU78.70-0.14%-0.25%HUI171.16-0.24%-1.02%GDM598.50-0.3%-0.81%JSE Gold1050.82-17.12-6.73%USD90.21+0.06+0.09%Euro122.87-0.18-0.17%Yen94.32+0.21+0.67%Oil$62.34+$1.15+0.48%10-Year2.845%+0.020-1.79%Bond145.46875-0.34375+0.98%Dow24946.51+0.29%-1.54%Nasdaq7481.99+0.00%-1.04%S&P2752.01+0.17%-1.24% The Metals: G...Read More
By Ira EpsteinMetals continue to work lower due in part to stronger US Dollar. https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,43166,48382,713161,604350,414478,748499,610Change from Prior Reporting Period -11,1564,71919,9028,183-7,91016,92916,711Traders17874884957262192 Small Speculators LongShortOpen Interest 48,01427,152526,762 1,7331,95118,662 non reportable positionsChange from the previous repor...Read More
The last job's report was the best since July 2016. February saw 313,000 jobs added in the U.S. But Fund Manager David Kranzler reveals these statistics are misleading, and the truth is the U.S. actually lost full time jobs last month.Kranzler reveals new evidence of collusion between the big New York banks and the Federal Reserve. Co-host Eric Dubin reminds us the Federal Reserve is owned by Amer...Read More
By James TurkIn 1992 a book entitled "Bankruptcy 1995: The Coming Collapse of America and How to Stop It" hit the nation by storm. Written by Harry Figgie, a prominent businessman who had built a Fortune 500 company, and Gerald Swanson, an economics professor with expertise in public finance, it forecast that the US federal government would go bankrupt in 1995 and default.The default would arise...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More