Recent News

Wells Fargo Plans 1,000 U.S. Job Cuts

November 15, 2018 / www.kitco.com

Imani Moise(Reuters) - Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.The layoffs are consistent with the bank’s previously announced plans to reduce headcount by up to 10 percent by 2020, spokesman Tom Goyda said. Wells Fargo, the No. 4 U.S. bank by a...Read More

Automaker Groups Warn U.S. Tariffs Will Undermine New NAFTA Deal

November 15, 2018 / www.kitco.com

David LawderWASHINGTON (Reuters) - U.S. automakers and parts suppliers on Thursday urged the Trump administration to end steel and aluminum tariffs on Mexico and Canada and warned that potential U.S. national security tariffs on automotive imports would lead to widespread job losses.In testimony at a U.S. International Trade Commission hearing on the deal to replace the North American Free Trade A...Read More

Fed Plans Major Review Of How It Pursues Inflation, Employment Goals

November 15, 2018 / www.kitco.com

Jonathan SpicerNEW YORK (Reuters) - The Federal Reserve, under pressure from a critical White House even while it largely hits its targets of stable inflation and maximum employment, will conduct an extensive review next year of how it guides the world’s largest economy.The U.S. central bank said on Thursday it will hold a series of forums across the country to hear from a “wide range&...Read More

Abandoned Canadian silver mines could boom again as battery demand prompts gold rush in cobalt -- #CCW $CCW...

November 15, 2018 / twitter.com

"Abandoned Canadian silver mines could boom again as battery demand prompts gold rush in cobalt -- #CCW $CCW @CanadaCobalt #Cobalt #Mining #Silver #TSXV #SmallCaps #electriccar #battery #Momentumstocks #CBC #CBCNews @CBCNews--Read the CBC Article here: https://t.co/4RpMo37eTK"Read full newsRead More

U.S. Imposes Sanctions For Khashoggi Killing, Saudis Seek Death Penalty

November 15, 2018 / www.kitco.com

Patricia Zengerle, Stephen KalinWASHINGTON/RIYADH (Reuters) - The United States imposed economic sanctions on 17 Saudi officials on Thursday for their role in the killing of journalist Jamal Khashoggi, as Saudi Arabia’s public prosecutor sought the death penalty for five suspects in the murder.The U.S. Treasury Department sanctions were the first concrete response by the Trump administration...Read More

USTR says next tranche of U.S. tariffs on imports from China on hold: FT

November 15, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of tariffs on Chinese imports has been put on hold as the two nations pursue talks, the Financial Times reported on Thursday, citing an unnamed person familiar with the situation.U.S. President Donald Trump has already imposed tariffs on $250 billion of Chinese imports into the U...Read More

USTR says next tranche of U.S. tariffs on imports from China on hold: FT

November 15, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of tariffs on Chinese imports has been put on hold as the two nations pursue talks, the Financial Times reported on Thursday, citing an unnamed person familiar with the situation.U.S. President Donald Trump has already imposed tariffs on $250 billion of Chinese imports into the U...Read More

Bitcoin Investors In For More Pain As Prices Hit 13-Month Low Below $6,000

November 15, 2018 / www.kitco.com

(Kitco News) - The digital currency market is attracting new attention of the wrong kind as market analysts warn that they see further declines in the near-term as the new downtrend picks up momentum.Bitcoin, the leader in the cryptocurrency sector, has fallen further below the $6,000 level as it trades near its lowest level in 13 months. According to Kitco.com aggregated charts, bitcoin last trad...Read More

Bitcoin Investors In For More Pain As Prices Hit 13-Month Low Below $6,000

November 15, 2018 / www.kitco.com

(Kitco News)- The digitalcurrency market is attracting new attention of the wrong kind as marketanalysts warn that they see further declines in the near-term as the newdowntrend picks up momentum.Bitcoin,the leader in the cryptocurrency sector, has fallen further below the $6,000level as it trades near its lowest level in 13 months. According to Kitco.comaggregated charts, bitcoin last traded at 5...Read More

Fed's Kashkari Sticks To View That Rates Do Not Need To Rise

November 15, 2018 / www.kitco.com

(Reuters) - The U.S. Federal Reserve should hold off on raising interest rates to allow more workers to get jobs, adding that the central bank can always raise rates to head off inflation if it starts to rise too fast, Minneapolis Fed President Neel Kashkari said on Thursday.Speaking at the Minnesota Ag and Food Summit, Kashkari said he sees no signs of overheating yet, or of inflation taking off....Read More

Fed's Kashkari Sticks To View That Rates Do Not Need To Rise

November 15, 2018 / www.kitco.com

(Reuters) - The U.S. Federal Reserve should hold off on raising interest rates to allow more workers to get jobs, adding that the central bank can always raise rates to head off inflation if it starts to rise too fast, Minneapolis Fed President Neel Kashkari said on Thursday.Speaking at the Minnesota Ag and Food Summit, Kashkari said he sees no signs of overheating yet, or of inflation taking off....Read More

the sector is just heating up!

November 15, 2018 / twitter.com

"#CannabisStocks may be going through a correction, but this #LasVegas #Marijuana convention reflects aRead full newsRead More

Why the Next Crisis Could Be Cash

November 15, 2018 / www.schaeffersresearch.com

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

With less than two months left in 2018, are there still opportunities for resource investors to make money? Accordi...

November 15, 2018 / twitter.com

"With less than two months left in 2018, are there still opportunities for resource investors to make money? According to Byron King, editor of Rickards' Gold Speculator, the answer is "yes." https://t.co/9NAMF2F1nd #gold #copper #investing"Read full newsRead More

Thanksgiving Week Stuffed With Retail Earnings

November 15, 2018 / www.schaeffersresearch.com

U.S. markets will close early on Black FridayThanksgiving week is coming up, and investors will have plenty to digest on Wall Street. The upcoming calendar during the holiday-shortened week features a full plate of economic data and corporate earnings. Some notable earnings names include retail stalwarts Target (TGT), Lowe's (LOW), Kohl's (KSS), and Urban Outfitters (URBN). In addition, inves...Read More

INTERVIEW - Doug Casey of Casey Research: There's an "Excellent" Chance of a Panic into Gold...

November 15, 2018 / twitter.com

"INTERVIEW - Doug Casey of Casey Research: There's an "Excellent" Chance of a Panic into Gold https://t.co/u6lQLDaXsd @RealDougCasey #gold #investment"Read full newsRead More

Canada Cobalt Works (CCW-V) featured on CBC's World At 6 last night...Great story on the Cobalt Camp...starts at 17...

November 15, 2018 / twitter.com

"Canada Cobalt Works (CCW-V) featured on CBC's World At 6 last night...Great story on the Cobalt Camp...starts at 17:15 in the clip -- #CCW $CCW @CanadaCobalt #Cobalt #Mining #Silver #TSXV #battery @CBCNews #CBC #CBCNEWS #CBCNEWSWORLD --Listen here: https://t.co/xNr8Dz5jNd"Read full newsRead More

If you haven't already, discover MedX Health Corp, (MDX-V), who are making huge strides in the world of Melanoma De...

November 15, 2018 / twitter.com

"If you haven't already, discover MedX Health Corp, (MDX-V), who are making huge strides in the world of Melanoma Detection - $MDX #Health #cancer #skin #dermatology #healing #tech #laser #melanoma #skincancer #stocks -Read the Corporate Presentation here: https://t.co/kjQikd4xu7"Read full newsRead More

Switch Call Options Pop After Rare Upgrade

November 15, 2018 / www.schaeffersresearch.com

Most analysts are skeptical of the long-term laggardRaymond James upgraded Switch Inc (NYSE:SWCH) to "strong buy" from "market perform," while maintaining its $11.50 price target -- a nearly 63% premium to last night's close. The brokerage firm said SWCH shares look "compelling" following yesterday's earnings-induced bear gap, and the data center operator's "assets have significantly better operat...Read More

Supreme Court to hear appeal in Innu-Rio Tinto dispute

November 15, 2018 / www.mining.com

The Supreme Court of Canada has agreed to hear a jurisdictional appeal in the years-long effort by the Innu to sue Rio Tinto over its Iron Ore Company of Canada operations.The appeal was launched by the government of Newfoundland and Labrador after Quebec's highest court ruled that the suit could proceed in Quebec. The problem is that the mine in question lies in Labrador, not Quebec. Rio T...Read More

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