OTTAWA (Reuters) - The Canadian government is sending three cabinet ministers to the United States to stress the merits of NAFTA, officials said on Thursday, paving the way for key talks that could either sink or save the trade pact.Canada and Mexico object to major changes that Washington wants to make to the North American Free Trade Agreement, and time is running out to settle differences befor...Read More
The stock market rally is showing little signs of slowing down today, with the major benchmarks hitting record highs and the Dow toppling 25,000 for the first time ever. Among specific names making big moves are chip stock Advanced Micro Devices, Inc. (NASDAQ:AMD), stem cell specialist Cellect Biotechnology Ltd. (NASDAQ:APOP), and Chinese internet advertising stock ChinaNet Online Holdings, Inc. (...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he was working with lawmakers to create an immigration system that will serve American workers and improve security, adding he thinks Congress has a good shot at passing an immigration reform bill.Speaking at the start of immigration talks with Republican lawmakers, Trump said he thought the bill would address the problem of undoc...Read More
NEW YORK (Reuters) - Global shares shattered records and European stocks closed higher on Thursday, bolstered by upbeat data from the world’s largest economies, while the euro hovered near a three-year high and the U.S. dollar fell against major currencies.MSCI’s gauge of stocks across the globe broke a new record, .MIWD00000PUS last gaining 0.83 percent.The ADP National Employment Rep...Read More
Private sector employment in the U.S. increases 250K in December. Wall Street opens higher on Thursday. USD struggles to find demand. Following yesterday's technical slide, the XAU/USD pair gained traction on Thursday and recently rose above the $1315 mark as the broad-based selling pressure on the greenback remained unchanged despite the upbeat employment figures from the United States...Read More
Shares of Intel Corporation (NASDAQ:INTC) have been under pressure in recent days, after researchers found security flaws in many of the company's microprocessors. INTC stock fell 3.4% yesterday on the news -- while AMD stock rallied -- and is down another 2.4% today to trade at $44.17, even though the company said it is "rapidly issuing updates" that will be "mitigated over time." But while put o...Read More
WASHINGTON (Reuters) - U.S. Representative Gregg Harper, chairman of the House Administration Committee, said on Thursday he would not seek re-election in November, becoming the latest Republican to announce plans to leave Congress after 2018.Harper, 61, took office in 2009 as congressman from Mississippi’s 3rd Congressional District and is serving his fifth term. He said in a statement he h...Read More
WASHINGTON (Reuters) - The U.S. derivatives regulator will hold two meetings to discuss the procedure and operational controls for listing and trading digital currency futures, it said on Thursday, amid rising concerns over the risks bitcoin poses to the financial system.The Commodity Futures Trading Commission (CFTC) said it would convene its technology and risk advisory committees this month to...Read More
HAVANA (Reuters) - The European Union’s top diplomat met with Cuban Foreign Minister Bruno Rodriguez on Thursday, saying a landmark accord ratified in November had opened the door to broader economic ties between the Communist-ruled island and 28-nation bloc.Rodriguez and the EU’s Federica Mogherini called the provisional Political Dialogue and Cooperation Agreement a new chapter in th...Read More
WASHINGTON (Reuters) - Emboldened by his victory in the passage of the biggest U.S. tax overhaul in decades, President Donald Trump now wants to rein in social welfare programs even though some Republicans are wary of tackling the volatile issue in a congressional election year.A White House-led drive to downsize government aid programs such as food stamps and housing subsidies would energize cons...Read More
LIMA, Jan 4 (Reuters) - Peru’s finance minister warned on Thursday that the political crisis that roiled Peru in the last days of 2017 was not over yet but said it should not have any major impact on the economy as long as it is resolved “in a civilized way.”In a rare press conference, Claudia Cooper maintained the ministry’s previous forecasts and said that while public in...Read More
The major U.S. stock indexes closed out 2017 with impressive gains, with the Dow Jones Industrial Average (DJI) notching 71 record closes for the first time ever, and the S&P 500 Index (SPX) stringing together its longest monthly win streak in 30 years. And while stocks took a breather in the last week of trading, market players adjusted their trading positions for the new year, based on the U.S....Read More
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday rescinded an Obama administration policy that had eased enforcement of federal marijuana laws in states that have legalized the drug, instead giving federal prosecutors wide latitude on pursuing criminal charges.Attorney General Jeff Sessions, known as a strong opponent of legalizing marijuana, overturned the policy but stopped short o...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN LTD. JOINS OTCQXMineral Mountain Resources Ltd. has been called to trade on the OTC Market's prestigious tier, OTCQX International. The company trades in the United States on OTCQX under the symbol MNRLF.Mineral Mountain Resources began trading on OTCQX International on Jan. 2, 2018. Investors can find current financial disclosure and realtime Level 2 quot...Read More
(Kitco News) - Gold prices are ending the U.S. day session modestly up and were poised to close ata more-than-three-month-high close Thursday. Silver prices were ending nearsteady and hit a six-week high today. Some early profit-taking pressure wasviewed as a bargain buying opportunity by the precious metals bulls. February Comex gold was last up $2.20 an ounce at $1,320.70. March Comex silver was...Read More
Palladium futures on Thursday climbed past $1,100 an ounce for the first time on record, leaving some traders to wonder whether palladium has the ability to continue its rally and surpass the value of gold. On Thursday, March palladium PAH8, -0.67% traded up $11.20, or 1%, at $1,094.55 an ounce after touching a high of $1,101.70. Futures prices hit an intraday record and were poised for the high...Read More
(Reuters) - The global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, data from industry tracker Preqin showed on Thursday.The figures underscore the extent to which large institutional investors, as well as family offices, are placing a growing portion of their money with leverage...Read More
A brewing rivalry between gold and bitcoin for hot investment choices.Bitcoins may not be a good option as medium of exchange/divisibility.Gold has better intrinsic value and lower price volatility than bitcoins. Source: Gainesville News. Investment Thesis Over the past few years, an increasingly wide range of cryptocurrencies have come into existence. Bitcoin is a very recent innovation of crypto...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump and South Korea’s President Moon Jae-in have agreed “to de-conflict the Olympics and our military exercises” to ensure the security of the upcoming Winter Games, the White House said in a statement on Thursday.Trump, in a telephone call, also told Moon that the United States would send a “high-level delegation” to the...Read More
KABUL (Reuters) - At least 20 people were killed and wounded in a suicide attack in the Afghan capital Kabul on Thursday, interior ministry spokesman Najib Danish said.Officials said the bomber blew himself up after approaching a group of security personnel who had been conducting an operation against illegal drugs and alcohol sales in an area of Kabul not far from the U.S. embassy.Reporting by Mi...Read More