Guggenheim has been busy boosting price targets this morningGuggenheim chimed in on several FAANG stocks this morning, lifting its price targets for Nasdaq heavyweights Alphabet Inc (NASDAQ:GOOGL), Facebook, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). Here's a closer look at those bull notes, and how the shares of GOOGL, FB, and NFLX are reacting.Guggenheim Targets Major Upside for Alphabet...Read More
Analysts see fresh highs ahead for ETSY and TWTR sharesThe rise in the share price for Etsy Inc (NASDAQ:ETSY) has been met with a number of bullish analyst notes over the past year, and this morning the stock attracted a new "buy" rating from Canaccord Genuity. The brokerage firm also set an $85 price target for ETSY, writing that there's a large under-penetrated market the company can take advant...Read More
A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd.The ruling, which a lead prosecutor confirmed on television news channels, promises to further polarize a dispute between MMG and the Quechua-speaking village of Fuerabamba, in Peru's southern co...Read More
A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd.The ruling, which a lead prosecutor confirmed on television news channels, promises to further polarize a dispute between MMG and the Quechua-speaking village of Fuerabamba, in Peru's southern co...Read More
An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More
Gold is positioned to becomea likely prime destination for safety inthe second quarter of 2019 amid deteriorating global macroeconomic conditions and rising geopolitical risks. The yellow metal swerved back and forth in Q1, gaining roughly 0.86% due to conflicting fundamental themes. But with the narrative around slowing global growth dampening appetite for risk and the Federal Reserve solidifying...Read More
An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More
West Virginia is dangling tax incentives for coal miners in an attempt to revive operations in the heart of Coal Country. At least one miner, Contura Energy Inc., isn't swayed just yet.Contura runs 23 surface and underground mines in the state, and incentives signed into law last week haven't yet persuaded the company to open more, Chief Executive Officer Kevin Crutchfield said. "We've got a prett...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
A conservation group is calling on the Saskatchewan government to do more after raising concerns about a proposed potash mine near the village of Sedley.CanPacific Potash is proposing a new 3.25 million tonne per year solution potash mine and submitted its environmental impact assessment to the province in January.Continue reading...Read More
POTUS is slated to meet with Chinese Vice Premier Liu He laterStock futures are choppy this morning, as traders eye U.S.-China trade negotiations. Ahead of today's meeting with Chinese Vice Premier Liu He, U.S. President Donald Trump tweeted negotiations with Beijing are "moving along nicely." However, a Wall Street Journal report hinted at several remaining hurdles, including Washington's request...Read More
The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM's non-manufacturing PMI was also lower, rising to 56.1 and missing estimates of 58.1. The March data was weaker compared to February's headline print of 59.7. Euro Rebounds as Retail Sales Rise The common cu...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
ISTANBUL, April 4 (Reuters) - Foreign investors sold $601.5million worth of Turkish stocks and $735.8 million of governmentbonds in the week to March 29, when a lira liquidity squeeze inLondon swap markets forced them to quit Turkish assets, centralbank data showed on Thursday.Last week, the Turkish lira overnight swap rate rocketed to as much as 1,200 percent as thecurrency came under pressure in...Read More
Illinois-based Philippi-Hagenbuch announced this week the launching of a new version of its Autogate Tailgate specifically designed for off-highway trucks and roll-off containers that require a 100% positive seal.In a press release, the truck customization company said that the new machine can be paired with its fluidic seal material to create a water-tight seal that contains liquid materials with...Read More