(Reuters) - Cloudflare Inc, a U.S. startup whose software makes websites load faster and with greater security, is preparing for an initial public offering (IPO) that could value it at more than $3.5 billion, people familiar with the matter said.The San Francisco, California-based company is looking to go public in the first half of next year, the sources said this week, joining a string of softwa...Read More
MOSCOW (Reuters) - Russia’s Vladimir Putin met U.S. President Donald Trump’s national security advisor on Tuesday after the Kremlin said that Trump’s talk of quitting a landmark arms treaty that scrapped nuclear missiles in Europe was dangerous.In opening remarks, Putin told John Bolton that Russia was sometimes surprised by what he said were unprovoked steps that Washington took...Read More
MOSCOW (Reuters) - U.S. national security advisor John Bolton said Russian meddling in U.S. elections had backfired on Moscow, providing a lesson to the Kremlin: “Don’t mess with American elections.”Speaking on a visit to Moscow, Bolton said there was no evidence the meddling - which Russia has denied - materially affected the outcome of the 2016 presidential election, but that i...Read More
ISLAMABAD (Reuters) - Saudi Arabia has agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan’s government said on Tuesday.The $6 billion total exceeds forecasts by analysts and will likely reduce the size of any bailout Pakistan it receives f...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price quotation, click here.To see all Fastmarkets' pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodolo...Read More
WASHINGTON (Reuters) - A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years.Capital One failed to satisfy a 2015 consent order that demanded the bank improve its anti-money laundering policies, the Office of the Comptroller of the Currency (OCC) said in a statement.“The Bank...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday accused Puerto Rico’s politicians of using “massive and ridiculously high amounts of hurricane/disaster funding” to pay off other debts, and said he would not allow a bailout with relief money.“The U.S. will NOT bail out long outstanding & unpaid obligations with hurricane relief money!,” Trump said on...Read More
BRUSSELS (Reuters) - Even as British Prime Minister Theresa May battles critics in her own party, she may be closing in on a Brexit deal which has been stymied by arguments over the Irish border. Here’s how:IS A DEAL POSSIBLE?It might be almost done. Negotiators on both sides thought they may have cracked it 10 days ago, EU diplomats told Reuters. The stumbling block seemed to be May calcula...Read More
(Reuters) - Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 weapons supplier, on Tuesday posted a better-than-expected rise in quarterly profit, driven by higher production of its F-35 fighter jets, and forecast that sales would top Wall Street estimates for next year.Lockheed’s tax rate fell to 6.5 percent in the third quarter, helped by a larger-than-usual $1.5 billion contributio...Read More
WASHINGTON (Reuters) - White House advisers on Tuesday are set to recommend that U.S. President Donald Trump’s planned U.S. Space Command develop ways for the military to operate in outer space, according to two administration officials briefed on the plans.The National Space Council, a White House advisory panel, will also recommend a review of existing treaty issues, and will unveil propos...Read More
(Reuters) - Tesla Inc (TSLA.O) shares rose 6 percent on Tuesday, after long-time critic and short-seller Citron Research had a change of heart on the company’s outlook, praising the success of the electric carmaker’s mass market Model 3 sedan.The firm lauded Tesla’s Model 3 in a research note, saying the sedan is a proven hit and many of the warning signs around the company have...Read More
Comex copper prices were dragged lower by the downturn in equity markets on October 23 morning in the US, after beginning the trading week on solid footing.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 2.65 cents to $2.7590 per lb."The three-month copper price is under renewed downward pressure on Tuesday October 23 morning after being esse...Read More
(Reuters) - A group of former executives from Autodesk Inc and Flex Ltd has raised $179 million in venture capital for a manufacturing startup that aims to use a combination of robots and new software to remove much of the manual labor from manufacturing electronic devices.San Francisco-based Bright Machines focuses on two areas. One is “micro-factories” made up of robot cells it says...Read More
WASHINGTON (Reuters) - The U.S. Treasury Department imposed sanctions targeting Afghanistan's Taliban insurgency on Tuesday, designating eight people including two Iranians linked to Tehran's Revolutionary Guards' Quds force, according to the department's website.The individuals, which include two Pakistanis and four Afghanis, were identified as global terrorists by the Treasury Department, an act...Read More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it...Read More
By Ira EpsteinGold breaks out of bullish pennant formation.https://www.iraepstein.com/ Read More
By Craig HemkeThe price action in palladium is eerily reminiscent of early 2001, and this could have major implications for gold and silver in the months ahead. Back in 2001, the price of palladium spiked to highs above $1100/ounce. At the time, major physical palladium shortages appeared and tremendous strain was put upon the LBMA palladium market in London. Lease rates soared, and it appeared...Read More
Source: Michael Ballanger for Streetwise Reports 10/22/2018 Sector expert Michael Ballanger explores the impacts of several historic market crashes. -->Q: How do you get your broker out of a tree?A: Cut the rope. Common joke from October 1987It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation...Read More
Graceland UpdatesBy Stewart Thomson 1. Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?2. For the likely answer to that interesting and potentially enriching question, please click here now. Double-click to enlarge this daily gold chart.3. Gold has formed an important double bottom pattern. After an initial breakout to...Read More
By Dave KranzlerIt's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration...Read More