NEW YORK (Reuters) - Sears Holdings Corp (SHLDQ.PK) is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy financing that would keep the retailer open through the holiday season while it attempts to reorganize, people familiar with the matter said on Wednesday.The deal increases an existing financing package from banks to give Sear...Read More
The stock tends to outperform the week of Black FridayKohl's Corporation (NYSE:KSS) stock is slightly lower today. However, the retail stock could rally to new heights in the short term, if recent history is any indicator. Specifically, KSS has been one of the best stocks to own during Thanksgiving week, looking back 10 years, and next week's earnings release could be the catalyst to send the equi...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. 2018 THIRD QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released its third quarter 2018 consolidated financial and operating results.The company is today filing its unaudited consolidated financial statements as at and for the nine months ended Sept. 30, 2018 and related management's discussion and analysis with Canadian sec...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. 2018 THIRD QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released its third quarter 2018 consolidated financial and operating results.The company is today filing its unaudited consolidated financial statements as at and for the nine months ended Sept. 30, 2018 and related management's discussion and analysis with Canadian sec...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Iran executed a gold dealer known as the "Sultan of Coins," in a warning to merchants not to exploit the country's financial troubles as U.S. sanctions squeeze the economy.Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold.The very specter of sanctions, even before they were resumed in August, plunged the Ira...Read More
Iran executed a gold dealer known as the "Sultan of Coins," in a warning to merchants not to exploit the country's financial troubles as U.S. sanctions squeeze the economy.Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold.The very specter of sanctions, even before they were resumed in August, plunged the Ira...Read More
NEW YORK (Reuters) - Blue Apron Holdings Inc (APRN.N) said on Wednesday it would sacrifice overall revenue growth and cut marketing expenses in 2019, sending shares into volatile decline.The forecast comes a day after the meal-kit delivery company reported a steep decline in net revenue for the third quarter, down 28.4 percent at $150.6 million, missing average analyst forecast of $160.3 million,...Read More
DUBAI/LONDON (Reuters) - OPEC and its partners are discussing a proposal to cut oil output by 1.4 million barrels per day (bpd), three sources familiar with the issue said, although Russia may not be on board for such a large reduction.Worried by a drop in oil prices due to slowing demand and record supply from Saudi Arabia, Russia and the United States, the Organization of the Petroleum Exporting...Read More
HONG KONG (Reuters) - Tencent (0700.HK) beat third-quarter profit forecasts on Wednesday but gave no update on a regulatory block in China, the world’s largest gaming market, that has damaged its core business.China has imposed tougher rules on the gaming industry, including a halt to new game approvals as part of a regulatory overhaul and calls to tackle addiction among young people.Tencent...Read More
The Democratic Republic of Congo's state-owned miner sought an urgent meeting to discuss a decision by Glencore Plc unit Katanga Mining Ltd. last week to halt cobalt exports.Katanga, controlled by Glencore, announced Nov. 6 it suspended sales from its Kamoto mine in southeast Congo after detecting levels of uranium in supplies above those allowed for export. Gecamines, the government-controlled mi...Read More
WASHINGTON (Reuters) - The lawmaker expected to head the powerful House Oversight Committee in the new U.S. Congress says one of his first priorities will be investigating why President Donald Trump’s administration decided to ask about citizenship on the 2020 census questionnaire.Democratic Representative Elijah Cummings told Reuters he had not yet prioritized all the issues his committee w...Read More
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(Reuters) - U.S. stocks were higher on Wednesday, after consumer prices in October rose as expected, adding little pressure on the Federal Reserve to raise interest rates swiftly, while a rebound in oil prices lifted energy stocks.Shares of Exxon Mobil Corp (XOM.N) rose 0.5 percent and Chevron Corp (CVX.N) gained 1.6 percent as oil prices recovered on growing prospect of an output cut by OPEC and...Read More
ADDIEVILLE, Ill.(Reuters) - Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors.Inside a nearby seed barn, they made their pitch to eight Sri Lankan government officials: Please buy our soybeans.The wooing of such a tiny market underscores the depth of U.S. farmers’ problems after los...Read More
FRANKFURT - Volkswagen will convert three German factories to build electric cars, as Europe's largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal.VW has provided job guarantees until 2028 for employees at the Emden and Hanover factories, and will spend 1.2 billion euros ($1.4 billion) training workers at Zwicka...Read More
American insiders in the Financials sector sniff change is in the air. Our sector indicator has hit 150% this week which means there are 1.5 stocks in the sector with key insider buying for every one stock with key selling. At this point, the indicator appears to be peaking. An indicator peak implies peak insider buying which often happens around the establishment of significant market support le...Read More
Kellogg updated investors on its turnaround plans yesterdayCereal maker Kellogg Company (NYSE:K) is moving lower in early trading, as analysts react to the company's underwhelming plans for aturnaround, which were announced yesterday at its investor conference. Among the specifics, Kellogg is selling its Keebler bakery brands and cookie business, and said it'll continue to be active in M&A. In re...Read More
AAPL is lower after Guggenheim downgraded the FAANG stockThe shares of Apple Inc. (NASDAQ:AAPL) initially ticked higher out of the gate on broad-market tailwinds, but was last seen down 0.4% to trade at $191.45. The FAANG stock was downgraded to "neutral" from "buy" at Guggenheim, which also removed its $245 price target on the equity. This is the second brokerage firm in as many days to predict...Read More
The world's second largest miner, Rio Tinto, (ASX, LON:RIO) is said to be preparing an offer for a minority stake in Teck Resources' (TSX:TECK.A | TECK.B)(NYSE:TCK) Quebrada Blanca copper mine in northern Chile.Canada's largest diversified miner, which in August received regulatory approval for a $4.8 billion extension of the mine, has been looking for a development partner that could invest $...Read More