U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade.Cadence Design Systems $CDNS added $0.63 to $160.85 after reporting higher than consensus third quarter profits and revenues. Discover Financial Services $DFS dropped $1.23 to $94.63 after reporting lower than consensus third quarter results. United Parcel Services $UPS added $7.65 to $1...Read More
The Fed will raise interest rates 0.75% at the end of its next FOMC policy meeting on Nov. 2.That's not an official announcement, but it might as well be because it came from the Fed's unofficial official source. If that sounds confusing, please allow us to explain…The Fed never announces its rate policy decisions in advance. These are announced in the form of a press release and statement d...Read More
The Toronto-quoted equity of Nicaragua-focused Calibre Mining (TSX: CXB; US-OTC: CXBMF) has fallen to a fresh 12-month low following the imposition by the U.S. government of tighter sanctions aimed at stifling the regime of Daniel Ortega.The new U.S. sanctions under President Joe Biden expand a previously signed Trump-era executive order to include specific potential restrictions on trade and inve...Read More
Against a testing backdrop for base metals equities, analysts will be hawkeyed during the upcoming third-quarter earnings reporting, looking for key metrics such as cash flow and cash on hand amid an unforgiving funding environment.According to Haywood Capital Markets analyst Pierre Vaillancourt, considering the economic prospects and pressure on the equities in its coverage universe, Haywood rema...Read More
Ontario has joined a country-wide consultation process to hammer out energy and mining strategies for transitioning to clean power using critical minerals, Canada's natural resources minister said on Tuesday.The province joins nine other provinces and territories who've already signed up for the ministry's Regional Energy and Resource Tables or said they will soon join the effort, Minister Jonatha...Read More
This week's episode features Chris Taylor, advisor to the Discovery Group, in conversation with Northern Miner editor-in-chief Alisha Hiyate at the Global Mining Symposium. Chris was most recently CEO, President and Director of Great Bear Resources Ltd., which was acquired in February 2022 by Kinross Gold Corp. for $1.8B. Currently, Mr. Taylor is Chairman of TSX.V listed companies Kodiak Copper Co...Read More
Skeena Resources (TSX: SKE; NYSE: SKE) has completed this year's regional and near-mine exploration programs at the former Eskay Creek gold-silver mine in B.C.'s Golden Triangle.Skeena said the program extended the 23 zone of mineralization to the surface. Infill hole SK-22-1090 averaged 1.35 grams gold per tonne and 6.6 grams silver (1.2 grams gold equivalent) over 96 metres. The company also sai...Read More
Cypress Development (TSXV: CYP) says it has successfully tested the world's first hydrochloric acid process to extract battery-grade lithium carbonate from clay at its half-a-billion-dollar project in Nevada.The Clayton Valley lithium project about 270 km northwest of Las Vegas is producing lithium carbonate at a 99.94% purity level, Cypress chief executive officer Bill Willoughby said in an inter...Read More
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has secured a US$100 million debt financing package to support the expansion of its Zgounder silver project in Morocco. The financing package comprises a senior debt facility of US$92 million from the European Bank for Reconstruction and Development (EBRD), plus a US$8 million tranche from Climate Investment Funds."We are thrilled to be partnering with...Read More
Listen to a nickel market deep dive with experts Alex Laugharne of the CRU Group and Martin Turenne of FPX Nickel hosted by investor Brian Leni of JuniorStoc...Read full newsRead More
You've got nothing to worry about.Relax. Take it easy.There's probably not going to be a recession.So there's no reason at all for you to prepare for one in any way.That's the message from the president of the United States.In an interview with CNN last week, Joe Biden said, "I don't think there will be a recession. If [there] is, it'll be a very slight recession. That is, we'll move down slightly...Read More
The so-called clawback rule's implementation has been resisted by company executives and some Republican lawmakers.Read More
Remember back in the simpler days of the 2010s when electric vehicles (EVs) were almost nonexistent? Back then, driving past a Tesla merited a call home. I think it's safe to say those days are over. Every major automaker has either released a solid competitor to Tesla or has one in the works. I've started playing a little game called "EV Bingo" every time I spot a new one in the wild.This...Read More
Stansberry Research, Released on 10/26/22Gareth Soloway, president and CFO of InTheMoneyStocks.com, speaks with Daniela Cambone at the 2022 Stansberry Conference and Alliance Meeting in Boston. He believes bitcoin is "absolutely sleeping beauty right now, buyers and sellers are equaling each other out for the time being." "The lows are not in yet" for the cryptocurrency, Soloway continues. He obse...Read More
Kitco News, Released on 10/26/22For Part 1 of this interview, CLICK HEREBest-selling author, financial expert, and investigative reporter Nomi Prins discusses the rising inequality in the U.S., how Wall Street has benefitted from Fed policy, and why Central Bank Digital Currencies are being developed. She spoke with David Lin, Anchor and Producer at Kitco News.0:00 - Fed policy and Inequality9:28...Read More
Bloomberg, Released on 10/25/22Nouriel Roubini, CEO of Roubini Macro Associates and author of "MegaThreats," discusses the threats facing the global economy, the US dollar shortage and Federal Reserve monetary policy on "Bloomberg Surveillance."Nouriel Roubini is the CEO at Roubini Macro Associates, a professor at NYU's Stern School of Business, and Chairman of Roubini Global Economics. He was Sen...Read More
Jay Taylor Media, Released on 10/26/22Robert Moriarty provides his insights into current events that may be set to break the system and gives his advice regarding how he believes we should prepare.Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editori...Read More
Financial Survival Network, Released on 10/26/22Summary: Could the Yen be the currency to collapse and set off a domino effect? I sit down and chat with John Rubino about all of the economic factors that are contributing to the state of flux we are in. At the most basic level, it is a problem of currency and inflation, but extends to relations with Russia, the prospect of war, and the major mindse...Read More
Jay Taylor Media, Released on 10/26/22Michael Oliver believes bond rates are out of control and explains why he thinks a total collapse of the bond market is a foregone conclusion.J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnsto...Read More
TradersChoice.net, Released on 10/26/22Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Co...Read More