WASHINGTON (Reuters) - Influential Republican U.S. lawmakers joined Democrats to urge President Donald Trump on Thursday to take action - including spending millions of dollars allocated by Congress and staffing a key “information warfare” unit - to stop Russian efforts to undermine American national security in cyberspace.The New York Times reported on March 4 that the State Departmen...Read More
Mr. Brian Ostroff reportsARIANNE PHOSPHATE RECEIVES AN INVESTMENT FROM THE GOVERNMENT OF QUEBEC FOR ITS LAC APAUL PROJECTArianne Phosphate Inc. has received an investment from the government of Quebec by way of private placement of $1,407,000 into the common shares of Arianne. "By making this investment, the government of Quebec is helping to pave the way forward for this important project," said...Read More
GOLD (in USD) Declining further. Gold continues decreasing, heading for the 1320 range. The pair currently trades between hourly support and resistance at 1300 (29/12/2017 low) and 1348 (20/02/2018 high). Expected to show further decrease. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is required to confirm it. A...Read More
(Reuters) - E-commerce giant Alibaba Group Holding Ltd (BABA.N) is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Alibaba is evaluating ways in which its shares could be traded by investors on the mainland, the newspaper reported on.wsj.com/2peqrpb, adding that a secondary listing in C...Read More
BRUSSELS (Reuters) - NATO’s European allies spent more on defense for the third year running in 2017 but their outlays failed to lift more countries above a target sought by the United States.U.S. President Donald Trump has demanded allies dedicate 2 percent of national economic output on defense every year and has sought to keep up the pressure by calling that target, agreed at a NATO summi...Read More
Fed funds futures are pricing in an all-but-certain March rate hikeThe marquee event for traders next week is the Federal Open Market Committee's (FOMC) two-day policy setting meeting, with fed funds futures pricing in a nearly 89% chance of a Fed rate hike. Fed Chair Jerome Powell will also be in focus, with the new central bank head participating in his first press conference following the polic...Read More
BloombergSunoco Inc. Philadelphia refinery sits on the banks of the Schuykill River. The numbers: Two gauges of manufacturing sentiment reflected continued solid activity in March, according to data released Thursday. The Philadelphia Fed manufacturing index slipped to a reading of 22.3 in March from 25.8 in February. Economists had expected a reading of 23. The Empire State Index, which had bee...Read More
The yellow metal has made no significant advances during the previous session, as any attempts to move below the 1,322.90 area was restricted by the strong support of the 55-, 100– and 200-hour SMAs. The pair has managed to appreciate during the past few sessions following a test of the 1,315.00 level. A notable climb, however, has not yet followed. Thus, it is likely that the pair fa...Read More
Leerink isn't worried about a clinical hold on SLDB's DMD drugShares of Solid Biosciences Inc (NASDAQ:SLDB) began trading publicly back on Jan. 26, opening at $25.50, well above their initial public offering (IPO) price of $16. And while SLDB stock went on to hit a record high of $33.74 on March 2, it's plunged 62.9% this morning to trade at $9.74 -- earlier hitting an annual low of $9.52 -- after...Read More
The numbers: The National Association of Home Builders' monthly confidence gauge ticked down one point to a reading of 70 in March, the group said Thursday. What happened: After touching the highest since 1999 in December, the closely-watched sentiment tracker from the home builder lobby group fell for the third straight month in March. February's reading was revised down one tick, to 71. Econ...Read More
The $80 level has been a key price point for RGLD stockRaymond James believes it's time to buy precious metals stock Royal Gold, Inc (NASDAQ:RGLD). The brokerage firm upgraded the shares to "outperform" from "market perform," and increased its price target to $98 from $90 -- territory not charted since October 2012. A number of factors were listed in the bullish note, including the company's stron...Read More
More analysts could board the bullish bandwagon, tooAkamai Technologies, Inc. (NASDAQ:AKAM) stock has been on a tear lately, and shows no signs of stopping. This morning, KeyBanc upgraded the cloud services specialist to "sector weight" from "underweight." The analyst in coverage waxed optimistic on the company's margin expansion abilities and backing by activist investor Elliott Management. As a...Read More
(Kitco News)- Goldprices appear to be struggling Thursday , in part because the metal is seeing little love from the WhiteHouse’s new national economic advisor Larry Kudlow.Inan interview with CNBC Wednesday, Kudlow said that he supports a strong U.S.dollar policy adding, “I would buy King Dollar and I would sell gold.”Lookingat the U.S. dollar, Kudlow said that a great country n...Read More
STOCKHOLM (Reuters) - North Korea’s foreign minister will visit Sweden on Thursday, the Swedish Foreign Ministry said, prompting speculation that the two-day trip could lay the groundwork for a mooted meeting between the leaders of the United States and North Korea.North Korean Foreign Minister Ri Yong Ho was due to discuss with his Swedish counterpart Margot Wallstrom the security situation...Read More
(Kitco News) - Gold prices have modestly extended overnight losses in late-morningtrading Thursday. The U.S. dollar index is trading near its session high, to continue its keen daily influence--in aninverse fashion--over the gold market. A lack of geopolitical tensions in themarketplace the past few weeks has also worked against the safe-haven metal.Aprilgold was last down $7.50 at $1,318.20. By...Read More
Big miners operating in the Democratic Republic of Congo took President Joseph Kabila's word seriously.Less than a week ago, Kabila signed into law a new mining code that raises royalties and taxes on operators. As he did so, the President assured them that their questions around the legal instrument would be resolved through transitional arrangements, mining regulations and agreements, and guaran...Read More
(Reuters) - Toys ‘R’ Us Inc, the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs.The closure is a blow to hundreds of toy makers that sell their products at the chain’s U.S. stores, including Barbie maker Mattel Inc, board game company Hasbro...Read More
Oil inches up after earlier losses, buoyed by stocks rise Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is no...Read More
The NDX is signaling a negative open, thoughU.S. stock futures are trading mixed this morning. Trade war fears are likely to stay front and center on Wall Street, with Larry Kudlow -- the White House chief economic adviser appointee -- saying "China needs a comeuppance on trade." It's also setting up to be another big day for economic data, as traders this morning already respond to a modest drop...Read More
(Reuters) - U.S. stock index futures pointed to a flat opening for Wall Street on Thursday as fears that President Donald Trump’s decision to impose fresh tariffs on China may escalate into a trade war weighed on the markets.Dow e-minis 1YMc1 were up only 21 points, or 0.08 percent. S&P 500 e-minis ESc1 were down 1 points while Nasdaq 100 e-minis NQc1 fell 4.5 points.The main Wall Street...Read More