NEW YORK (Reuters) - The White House has made preliminary plans for a meeting on Monday between rivals in the corn and oil industries to discuss potential changes to the nation's biofuels policy, two sources familiar with the planning told Reuters.Unlike previous meetings on the issue, President Donald Trump will not be in attendance, the sources said on Thursday, though agency leaders and executi...Read More
The Dow was up triple digits earlier today on reports President Donald Trump will exempt Canada and Mexico from the steel and aluminum tariffs he's expected to implement later today. And while the blue-chip index has since erased these gains, the iShares MSCI Mexico Capped ETF (EWW) is keeping its head above water, last seen up 0.2% at $50.56. The fund's options pits are bustling, too, with one tr...Read More
BlackBerry Ltd (NYSE:BB) stock is up 3.1% to trade at $12.89, after the company announced a licensing deal with Punkt Tronics AG. The deal is part of the company's BlackBerry Secure licensing program which lets companies use its cybersecurity technology. Meanwhile, BB call buyers have turned out in droves today.More than 48,000 calls have traded so far -- six times what's typically seen at this p...Read More
U.S. stocks have given back their early gains ahead of an afternoon meeting in the White House on trade and tariffs. Among the individual stocks making notable moves are mobile payments company Net Element International Inc (NASDAQ:NETE), drugmaker Immuron Limited (NASDAQ:IMRN), and tech issue Progress Software Corporation (NASDAQ:PRGS). Here's what's moving shares of NETE, IMRN, and PRGS. NETE St...Read More
Tech stocks are having quite a week, with the Nasdaq Composite (IXIC) flirting with a fifth straight win. Among individual names with notable win streaks are cloud services specialist Akamai Technologies, Inc. (NASDAQ:AKAM) and enterprise solutions firm Citrix Systems, Inc. (NASDAQ:CTXS), and both equities have remarkably cheap options at the moment.Akamai Technologies Stock Upgraded at CowenAkama...Read More
(Bloomberg) - Ghana's largest mineworkers' union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.'s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation.Gold Fields is committing "acts of corporate greed aimed at amassing huge profits at the expens...Read More
WASHINGTON (Reuters) - North Korea could buy time to build up and refine its nuclear arsenal, including a warhead able to survive re-entry into the Earth’s atmosphere, if it manages to drag out any talks with Washington, U.S. officials and experts say.Even if North Korea freezes nuclear detonations and missile tests during such talks - as South Korea has said Pyongyang offered to do - there...Read More
SANTIAGO (Reuters) - Canada ?s trade minister reiterated on Thursday the country ?s stance that it will accept no duties or quotas from the United States, speaking just hours before U.S. President Donald Trump was slated to slap new tariffs on steel and aluminum imports.“We are monitoring the situation. There is a very fluid situation. We were clear that any tariffs or quotas will be unaccep...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
After a quiet churn to record highs in 2017, the U.S. stock market started 2018 with a jolt of volatility. In fact, the Dow Jones Industrial Average (DJI) recently suffered three straight losses of 1% -- the longest such stretch in more than two years. What's more, similar signals preceded both the financial crisis and the Black Monday sell-off.Last Back-to-Back-to-Back 1% Drops Since 2016Since 19...Read More
NEW YORK (Reuters) - A federal judge on Thursday expressed skepticism about whether U.S. President Donald Trump can constitutionally block Twitter users whose views he does not like from following and retweeting from his own Twitter account.At a hearing in Manhattan federal court, U.S. District Judge Naomi Reice Buchwald asked Trump’s lawyer Michael Baer whether letting Trump bar users from...Read More
With the Fed set to meet later this month -- and fed funds futures indicating an 86% probability the central bank will raise interest rates at this two-day meeting, according to the CME Group website -- next week's pair of inflation reports will headline a busy economic calendar. Retailers will also be in focus, with retail sales and earnings from several notable names including Dick's Sporting Go...Read More
WASHINGTON (Reuters) - President Donald Trump's former campaign manager, Corey Lewandowski, arrived at the U.S. Capitol on Thursday to be interviewed by the House of Representatives Intelligence Committee as it investigates Russia and the 2016 U.S. election. Lewandowski arrived at around 11 a.m. EST (1600 GMT) and was expected to talk to panel members behind closed doors until about 2 p.m. (1900 G...Read More
WASHINGTON/PARIS/BEIJING (Reuters) - President Donald Trump is to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Washington has repeatedly offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade” a gestur...Read More
Shares of technology concern Nvidia Corporation (NASDAQ:NVDA) notched a record high of $251.97 on Feb. 21, but have since pulled back to stage a successful test of their rising 40-day moving average. If past is precedent, it could be time to bet on NVDA's next leg higher, as previous retreats to this trendline have had bullish implications for the stock.According to Schaeffer's Senior Quantitati...Read More
LONDON (Reuters) - The euro fell on Thursday as the dollar recovered and traders reduced their positions before a European Central Bank meeting later in the day where it could signal some baby steps toward ending monetary stimulus.All eyes will be on the ECB for clues about the speed and timing of monetary tightening and any signs it is starting to grow uncomfortable with the currency’s stre...Read More
The Dow Jones Industrial Average (DJI) was up triple digits at its session peak, as traders digested a big pharma buyout and looked ahead to an afternoon trade announcement from the White House -- with some expecting President Donald Trump's tariff plans to exclude Canada and Mexico. However, the Dow has since turned lower, though the S&P 500 Index (SPX) is still clinging to positive territory. Me...Read More
LONDON (Reuters) - The European Union has proposed making it a formal requirement for asset managers to consider “sustainability” when picking investments, a move the EU’s 23 trillion euro ($28.5 trillion) funds industry swiftly dismissed as a “tick-the-box” exercise.The EU wants more money going into sustainable and “green” projects that help cut greenhou...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
ROME (Reuters) - Italy will not issue new, multi-year budget targets until a new government has been formed following Sunday's inconclusive election, the Treasury said in a statement on Thursday.The Treasury normally issues economic and public finance targets in April, which are the basis of the budget bill to be drawn up in September.The Treasury said it will issue its forecasting document as usu...Read More