South Africa's labour court has ordered a mineworkers' union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.The Association of Mineworkers and Construction Union (AMCU) has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute and an...Read More

A short squeeze could propel the shares even higherShares of T2 Biosystems Inc (NASDAQ:TTOO) are surging this morning, after the Food & Drug Administration (FDA) granted a "Breakthrough Device" designation for the company's gene diagnostic panel. At last check, TTOO is 29% higher at $4.86, pacing for its best session ever.Analysts have been swift to voice their opinions on the FDA decision, with...Read More

The shares gapped lower after Morgan Stanley cut to "underweight"Electronic medical records provider Cerner Corporation (NASDAQ:CERN) was slapped with a downgrade to "underweight" from "equal weight" at Morgan Stanley, which cited challenging long-term growth prospects. The brokerage firm also sliced its price target on CERN shares to $47 from $68 -- representing expected downside of 17.5% from We...Read More

* China coal use rises for 2nd year in absolute terms* Coal's share of total energy below 60 pct for 1st time* Biggest rise in CO2 emissions since 2013 -Greenpeace* Carbon intensity cut beats target -environment ministryChina's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time as cleaner energy sources ga...Read More

L Brands reported a fourth-quarter earnings beat on in-line revenueThe shares of L Brands Inc (NYSE:LB) are down 6.4% at $25.64 in early trading, after the retailer reported weak fourth-quarter Victoria's Secret sales and a 2019 profit forecast that fell short of analysts' expectations -- offsetting a quarterly earnings beat and in-line revenue. The equity is now headed for its third straight loss...Read More

The world's biggest platinum miners won a reprieve after a South African court reserved judgment on whether to block a week-long industry strike that was scheduled to start Thursday night.The Association of Mineworkers and Construction Union called the action in sympathy with members at Sibanye Gold Ltd.'s gold mines, who downed tools over wages in November. Producers have warned the strike would...Read More

The brokerage firm thinks skepticism toward Tesla is overblownIt's been a busy news cycle for Tesla Inc (NASDAQ:TSLA). Following Tuesday's headline the Securities and Exchange Commission (SEC) asked CEO Elon Musk be held in contempt for his tweets, the head of the electric car concern tweeted yesterday about "Some Tesla news" that will be unveiled at 5 p.m. EST today. And earlier, TSLA stock recei...Read More

After a 3-month rally, gold could use a brief "pause that refreshes".It looks like the metal may get this needed relief in coming days.Gold's larger recovery trend should remain fully intact, however.For the first time in several weeks, gold is starting to show signs of vulnerability as a key short-term trend line is being tested. This is despite recent weakness in the U.S. dollar, w...Read More

RKDA has doubled in the last two monthsThe cannabis industry continues to infiltrate other sectors, and next up appears to be biotechs. The shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are up a whopping 52.8% in electronic trading, after the company announced a new cannabis-focused business unit. Arcadia Specialty Genomics (ASG) will focus on the hemp market, with an eye toward "improved plant...Read More

The summit in Vietnam ended without an agreement Dow Jones Industrial Average (DJI) futures are marginally lower again today, after a summit betweenU.S. and North Korea leaders prematurely ended without an agreement -- or plans for a third summit -- in sight. Traders are also digesting better-than-expected fourth-quarter gross domestic product (GDP) data, with GDP rising 2.6%, compared to the 2.2%...Read More

GATA suggests that gold is not keeping up with clear inflation indications.Presenting a review of what inflation really is.Understanding that sentiment drives the price of gold.So, as I am known to do, I will peruse various postings for something interesting and then write about it. And, while I cannot say what GATA writes is "interesting," I can say it always provides fodder for presenting why so...Read More

   •  The USD struggles to build on the overnight bounce and helps regain traction.   •  US-China trade uncertainty/risk-off mood further underpin safe-haven demand.   •  Market participants now eye US Q4 GDP print for some meaningful impetus. Gold finally broke out of its Asian session consolidation phase and is currently placed at the t...Read More

On the one year anniversary of the signing of the Peru-Australia Free Trade Agreement (PAFTA), the Minerals Council of Australia issued a statement saying that the ratification of the deal is expected to deliver major investment and job opportunities for Australia's mining industry."Under PAFTA, Peru will eliminate 99.4% of its tariffs, including on valuable Australian resources such as iron ore,...Read More

On the one year anniversary of the signing of the Peru-Australia Free Trade Agreement (PAFTA), the Minerals Council of Australia issued a statement saying that the ratification of the deal is expected to deliver major investment and job opportunities for Australia's mining industry."Under PAFTA, Peru will eliminate 99.4% of its tariffs, including on valuable Australian resources such as iron ore,...Read More

Golden Share Resources (TSXV: GSH) announced this week that it has acquired the Sandridge project through map staking.The project is located approximately 150 kilometres east of Thunder Bay, in eastern Canada, and it sits on the Winston Lake Greenstone Belt, known by its initials WLGB.This is not Golden Share's first incursion in the area. The Ontario-based firm previously held the past-producing...Read More

Golden Share Resources (TSXV: GSH) announced this week that it has acquired the Sandridge project through map staking.The project is located approximately 150 kilometres east of Thunder Bay, in eastern Canada, and it sits on the Winston Lake Greenstone Belt, known by its initials WLGB.This is not Golden Share's first incursion in the area. The Ontario-based firm previously held the past-producing...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them.Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal.Barr...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them.Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal.Barr...Read More

* May wins two weeks' breathing space * Goldman sees a deal approved after delay * Aston Martin: Brexit delay prolongs uncertainty * Lawmaker Letwin: May might just squeak a deal through (Adds PM May's spokesman, EU migration)By Guy Faulconbridge and Kylie MacLellanLONDON, Feb 28 (Reuters) - Britain's opposition Labour Partywill back a new referendum on Brexit after parliament defeatedits alternat...Read More

A spokesman for the national disaster agency said the mine collapsed Tuesday eveningRead full newsRead More