Investors are pulling cash from the world's largest gold exchange-traded fund at the fastest pace in more than a year as easing trade tensions push buyers out of safe-haven assets.The $33 billion SPDR Gold Shares ETF, or GLD, saw a net withdrawal of $496 million on Friday, the most in a single day since February 2018. That pushed the five-day total to $720 million, marking the fourth consecutive w...Read More
The index just wrapped up a 10th straight weekly gainWe recently analyzed Dow performance after lengthy weekly win streaks, but what about the Nasdaq Composite (IXIC)? The tech-rich Nasdaq just wrapped up its longest weekly win streak this side of the millennium. Below is how the index has performed after similar feats of strength, and what we might expect for Nasdaq stocks this spring and beyond....Read More
ODP has added 74% since its late-December bottomOffice Depot Inc (NASDAQ:ODP) is up 1.7% to trade at $3.62, and earlier tapped a new annual high of $3.82, after the office supply retailer announced a partnership with Chinese e-commerce giant Alibaba (BABA). The two will co-launch a website focused on helping small- and medium-sized U.S. businesses.Office Depot stock is set to close at its highest...Read More
The delay to Enbridge Inc.'s Line 3 crude oil pipeline expansion hammered shares of Canadian oil-sands producers - including Cenovus Energy Inc., MEG Energy Corp. and Canadian Natural Resources Ltd. - as investors grappled with the prospect of another year of shipping bottlenecks.Cenovus fell as much as 7.5 percent in Toronto, and Canadian Natural slipped as much as 6.5 percent, the biggest intrad...Read More
Three-year approval to benefit Mount Milligan operationRead full newsRead More
The equity has skyrocketed 66% out of the gate todayThe shares of Ascendis Pharma (NASDAQ:ASND) are up 66% at $114.96 this morning, after the company's pediatric growth-hormone drug, TransCon, succeeded in meeting the main goal of a late-stage trial. The win has ASND trading at record highs, and pacing for its best day ever.Prior to today's rally, the stock was up 10.6% year-to-date, and was strug...Read More
The biotech ETF finally conquered its 200-day moving average last weekThe technical breakout last week in the SPDR S&P Biotech ETF (XBI) was remarkable, by any number of measures. After a 3% opening gap to start Monday's session, the small-cap biotech-focused exchange-traded fund (ETF) went on to close above its 200-day moving average for the first time since Oct. 3, 2018. And then, to drive home...Read More
The shares are higher today on a positive drug developmentThe shares of Clovis Oncology Inc (NASDAQ:CLVS) are up 1.3% in electronic trading, on news the pharmaceutical firm's ovarian cancer treatment, rucaparib, is now available in Germany for women with relapsed ovarian cancer. CLVS also plans to launch the drug in other European countries later this year and in 2020.It's already been a blowout s...Read More
Amazon has been consolidating on the charts so far this calendar year, but analysts see more upside aheadShares of e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) are moving higher in pre-market trading,up 0.9% at $1,686.10, after Evercore ISI hiked its price target on the FAANG stock to $1,965 from $1,800. The brokerage cited gross profit as a "more important indicator" than revenue growth, not...Read More
Tesla will unveil its new SUV on March 14Dow Jones Industrial Average (DJI) futures are pointed confidently higher this morning, thanks to more optimistic U.S.-China trade headlines. More specifically, a Wall Street Journal report on Sunday indicated that trade negotiations between the two countries were in their final stages, and a deal could be signed by the end of the month. The report also su...Read More
This formidable S&P price point may have just flipped the supply-demand equation back in the bears' favor"...the SPX's 2,800 level is on the radar of many chartists as a potential resistance area -- a level that is now very much in view. This is an important level, as it is a round number and the site of the past highs as I mentioned last week. But if indeed a short-term top or a hesitation in the...Read More
Newmont Mining (NYSE:NEM) rejected Monday rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) all-stock $18 billion hostile takeover offer, but left the door slightly open by countering with the terms of a deal to merge their operations in Nevada, U.S.Chief executive Gary Goldberg said Newmont's board had concluded that its planned $10 billion takeover of Canada's Goldcorp (TSX:G) (NYSE:GG) was the best de...Read More
Newmont Mining (NYSE:NEM) rejected Monday rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) all-stock $18 billion hostile takeover offer, but left the door slightly open by countering with the terms of a deal to merge their operations in Nevada, U.S.Chief executive Gary Goldberg said Newmont's board had concluded that its planned $10 billion takeover of Canada's Goldcorp (TSX:G) (NYSE:GG) was the best de...Read More
Newmont Mining (NYSE:NEM) rejected Monday rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) all-stock $18 billion hostile takeover offer, but left the door slightly open by countering with the terms of a deal to merge their operations in Nevada, U.S.Chief executive Gary Goldberg said Newmont's board had concluded that its planned $10 billion takeover of Canada's Goldcorp (TSX:G) (NYSE:GG) was the best de...Read More
(Corrects asset manager name to Kingswood from Kingwood inparagraph 7) * Graphic: World FX rates in 2019* S&P futures indicate higher open on Wall Street * WSJ reports Trump-Xi trade summit likely this month * Dollar hits one-week high, specs increase long dollar bets * Greek government bond yields hit 12-year low on ratingsboostBy Ritvik CarvalhoLONDON, March 4 (Reuters) - Global shares rose...Read More
Canada's Explorex Resources (CSE: EX) announced that it wants to buy New Tech Minerals' (CNSX: NTM) Buena Vista Hills cobalt - iron oxide - copper-gold project, located in Pershing County, Nevada.In a press release, Explorex said Buena Vista Hills seems to be a unique opportunity and setting for a large scale near surface cobalt target.In order to buy the property, the Vancouver-based miner entere...Read More
Canada's Explorex Resources (CSE: EX) announced that it wants to buy New Tech Minerals' (CNSX: NTM) Buena Vista Hills cobalt - iron oxide - copper-gold project, located in Pershing County, Nevada.In a press release, Explorex said Buena Vista Hills seems to be a unique opportunity and setting for a large scale near surface cobalt target.In order to buy the property, the Vancouver-based miner entere...Read More
Canada's Explorex Resources (CSE: EX) announced that it wants to buy New Tech Minerals' (CNSX: NTM) Buena Vista Hills cobalt - iron oxide - copper-gold project, located in Pershing County, Nevada.In a press release, Explorex said Buena Vista Hills seems to be a unique opportunity and setting for a large scale near surface cobalt target.In order to buy the property, the Vancouver-based miner entere...Read More
Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More
Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More