Gold futures finished higher on Monday as weakness in global stocks and the U.S. dollar helped to buoy the yellow metal, but the psychologically important $1,300-an-ounce price remained out of reach. "Clearly, concerns toward the global economy have been fomented [Monday] by the first monthly decline in Chinese exports in over two years," analysts at Zaner Precious Metals wrote in a daily note. "A...Read More
The retailer raised its fourth-quarter profit and revenue forecastsThe shares of Lululemon Athletica inc. (NASDAQ:LULU) have shot up 6% to trade at $140.03, after the athletic apparel maker raised its guidance for the key holiday season, citing China as a specific growth driver. The company now expects its fourth-quarter per-share profit to arrive between $1.72 and $1.74 -- more than analysts are...Read More
Great Panther Silver (TSX:GPR; NYSE:GPL) (Read full newsRead More
"Aben Resources Uncovers High-Grade Gold at the Justin Project Lost Ace Zone, Yukon Territory @Aben_ABN https://t.co/yiFNBn3xVu"Read full newsRead More
"Carube Copper Corp. Invites Shareholders and Investment Community to visit us at Booth 611 at the VRIC Conference in Vancouver, January 20-21, 2019 @carubecopper https://t.co/4c1W0qYwq3"Read full newsRead More
NTES shares struggled in 2018 Video game stocks had a horrible 2018, and it's continued into 2019, illustrated in part by the demise of Call of Duty maker Activision Blizzard (ATVI). However, Barclays believes it's found a potential bright spot in the space, calling attention to Chinese tech firm NetEase Inc (NASDAQ:NTES), which makes a number of mobile games. The brokerage firm upgraded NTES to "...Read More
SPX HV coming into 2019 was the highest since 2009Unless you've been hiding under a rock, you're probably aware that volatility has rammed its way back into Wall Street ala the Kool-Aid Man. In fact, 20-day historical volatility (HV) on the S&P 500 Index (SPX) was at 29% to start 2019, compared to just 6.2% heading into 2018, per Schaeffer's Quantitative Analyst Chris Prybal. The last time HVs wer...Read More
Great Bear Resources (TSXV:GBR, OTC:GTBDF) (theRead full newsRead More
Investors and analysts are still debating whether the biggest gold mining deal ever is good for acquirer Newmont Mining Corp., but the CEO of the target company could end up millions of dollars richer.David Garofalo is eligible to collect at least $6.9 million, including as much as $4.6 million in severance and $464,000 in pension and benefits if he's dismissed as chief executive officer of Goldco...Read More
Investors and analysts are still debating whether the biggest gold mining deal ever is good for acquirer Newmont Mining Corp., but the CEO of the target company could end up millions of dollars richer.David Garofalo is eligible to collect at least $6.9 million, including as much as $4.6 million in severance and $464,000 in pension and benefits if he's dismissed as chief executive officer of Goldco...Read More
Mark Bristow's tenure as boss of the world's biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed."Holy camoly, I missed out on a great opportunity!" is how Bristow described anyone not involved in Barrick Gold Corp.'s purchase of Randgold Resources Ltd. in September. With Newmont Mining Corp. poised to become the No. 1 producer through a $1...Read More
Mark Bristow's tenure as boss of the world's biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed."Holy camoly, I missed out on a great opportunity!" is how Bristow described anyone not involved in Barrick Gold Corp.'s purchase of Randgold Resources Ltd. in September. With Newmont Mining Corp. poised to become the No. 1 producer through a $1...Read More
CVNA's mini rally in 2019 has encountered resistanceThe shares of Carvana Co (NYSE:CVNA) are down 6.2% to trade at $34.47 today, after Morgan Stanley initiated coverage on the car-selling platform with an "underweight" rating and price target of $23. The analyst in coverage predicts a decline in used car sales this year, and believes there's limited growth potential ahead for the company. The...Read More
The DJI is set for its second straight day in the redThe Dow Jones Industrial Average (DJI) is looking to log its second straight loss today, with traders feeling wary ahead of earnings season -- down over 130 points at midday. Weak export data out of China is fueling concerns about the health of the global economy, while at home traders are grappling with the longest government shutdown ever. Mea...Read More
Canada's influence on the global mining industry appears to be shrinking by the day.Perhaps stung by the nationalistic backlash against Barrick Gold Corp.'s merger with Randgold Resources Ltd., Newmont Mining Corp. devoted a big chunk of its news release Monday explaining how its $10 billion offer for Vancouver-based Goldcorp Inc. will help Canada."Munk would be rolling over in his grave at the tu...Read More
Canada's influence on the global mining industry appears to be shrinking by the day.Perhaps stung by the nationalistic backlash against Barrick Gold Corp.'s merger with Randgold Resources Ltd., Newmont Mining Corp. devoted a big chunk of its news release Monday explaining how its $10 billion offer for Vancouver-based Goldcorp Inc. will help Canada."Munk would be rolling over in his grave at the tu...Read More
"Newmont will buy Goldcorp in a $10B all-share deal, creating the world's largest #gold producer with 8Mozpa | https://t.co/STGzxsRBYG #M&A $NEM $G"Read full newsRead More
Gary Goldberg isn't pulling the trigger on a $10 billion gold-mining acquisition because he has to, you know. The CEO of Newmont Mining Corp. said Monday morning of his acquisition of Goldcorp Inc.:Simply put, this is not a deal we have to do. This is a deal that we want to do.Sometimes, though, one's choices are influenced by the choices of others. In this case, Goldberg can't have failed to noti...Read More
Gary Goldberg isn't pulling the trigger on a $10 billion gold-mining acquisition because he has to, you know. The CEO of Newmont Mining Corp. said Monday morning of his acquisition of Goldcorp Inc.:Simply put, this is not a deal we have to do. This is a deal that we want to do.Sometimes, though, one's choices are influenced by the choices of others. In this case, Goldberg can't have failed to noti...Read More
* Palladium about $31 above gold * Investors eye Tuesday vote on Brexit deal * U.S. government shutdown, Fed view also supports gold (Updates prices)By Arijit BoseJan 14 (Reuters) - Gold prices rose on Monday as globalstocks fell on an unexpected drop in China's exports thatsignaled further weakening in the world's second-largest economyand prompted investors to seek safety in the precious metal.S...Read More