Etsy just ran into a historically bullish trendline The shares of Etsy Inc (NASDAQ:ETSY) notched a record high of $58.30 in early December, and while the broader stock market languished, ETSY shares finished 2018 with a gain of nearly 133%. Since that high, though, the e-commerce concern has pulled back to a key trendline -- a signal that, if history is any indicator, could mean another big rally...Read More
The Diamond Producers Association (DPA), announced today the appointment of Kristina Buckley Kayel as Managing Director of its North American division.Buckley Kayel, who assumes her new role on Feb. 4, 2019, will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, with a focus upon the "Real is Rare. Real is a Diamond." platform, as well as...Read More
The Diamond Producers Association (DPA), announced today the appointment of Kristina Buckley Kayel as Managing Director of its North American division.Buckley Kayel, who assumes her new role on Feb. 4, 2019, will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, with a focus upon the "Real is Rare. Real is a Diamond." platform, as well as...Read More
Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday.The country, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage points from Jan. 1 and introduced a new 10 percent tax...Read More
Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday.The country, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage points from Jan. 1 and introduced a new 10 percent tax...Read More
"Red Pine Drills 32.16 g/t Gold Over 2.91 Metres (true width) At Its Wawa Gold Project @RedPineExpl https://t.co/uuNmorBrpc"Read full newsRead More
Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation.Williams is a mining industry veteran and was a for...Read More
Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation.Williams is a mining industry veteran and was a for...Read More
Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation.Williams is a mining industry veteran and was a for...Read More
The shares just pulled back to a trendline with bullish implicationsMicrosoft Corporation (NASDAQ:MSFT) was not exempt from the broad market sell-off last quarter, shedding 11.2%, its worst since March 2015. However, as the saying goes, "new year, new me," and that pullback could be a buying opportunity for the Dow name, if recent history is any indicator.Specifically, MSFT has retreated to its 3...Read More
The S&P and Nasdaq are much lower at midday, tooThe Dow Jones Industrial Average (DJI) fell 169 points out of the gate, and the losses have only accumulated. At last check, the blue-chip index was down almost 500 points, sinking back below the 23,000 mark, with a negative reaction to Apple's (AAPL) weak revenue forecast sparking the risk-off backdrop. A weaker-than-expected Institute for Supply Ma...Read More
The brokerage tapped Kinder Morgan as its top pipeline pick, thoughGoldman Sachs chimed in on pipeline stocks today, pegging Kinder Morgan Inc (NYSE:KMI) as its top pick in the sector. However, the brokerage firm downgraded Buckeye Partners, L.P. (NYSE:BPL) and TransCanada Corporation (NYSE:TRP) to "sell" from "neutral," citing valuation concerns for both energy stocks.Buckeye Partners Stock at Ri...Read More
The iPhone retailer's stock is down after Apple lowered sales guidanceBest Buy Co Inc (NYSE:BBY) is just one of many companies caught in Apple's (AAPL) crosshairs this morning, after the tech giant lowered its quarterly revenue guidance on slipping iPhone sales in China. As a major retailer of Apple products, Best Buy shares are now down 4.4% at $51.26, and UBS just cut its price target on BBY to...Read More
Analysts at Canaccord Genuity still have a "buy" rating on FB stock, thoughBrokerage firm Canaccord Genuity this morning released a note discussing U.S. digital advertising, saying it has a positive view on the industry over the next four years. However, it wasn't all upbeat attention for the names mentioned in the note, including Facebook, Inc. (NASDAQ:FB), Twitter Inc (NYSE:TWTR), and Snap Inc (...Read More
AAPL is fresh off its worst quarter since 2008The shares of Apple Inc. (NASDAQ:AAPL) are down 9.3% to trade at $143.30 -- fresh off an 18-month low of $143.19 -- after the company cut its revenue forecast for the holiday quarter to $84 billion from a previous range of $89 billion to $93 billion last night -- below the consensus estimate of $88.05 billion. CEO Tim Cook citedtrade tensions between...Read More
AAPL shares are down 8% in pre-market tradingDow Jones Industrial Average (DJI) futures are trading below fair value, as Wall Street prepares for sharp losses from blue-chip tech giant Apple (AAPL). The company yesterday lowered its quarterly sales forecast due to weak iPhone demand in China -- adding to concerns about a slowdown in the global economy. As such, a handful of Apple suppliers are als...Read More
December's cheer is carrying into 2019 for gold-mining companies.A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to haven assets amid a slump in the broader equities market and a U.S government shutdown. The BI Global Senior Gold Valuation Peers jumped as much as 1.6 percent Thursday to the highest since May, with bullion set for a s...Read More
Global miner Anglo American (LON:AAL) announced Thursday changes at the top that will see Ruben Fernandes, chief executive officer of the company in Brazil, being replaced by mining veteran Wilfred (Bill) Bruijn, effective March 1.Fernandes, who has led Anglo's iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals. That position is curr...Read More
We have home sales plunging, prices declining, and wage growth is decelerating, construction remains strong but has also begun to slow. While each cycle may differ ever so slightly, the outcome is almost always the same.Read full newsRead More
Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) began the year with some key board changes by announcing Josef El-Raghy had moved from executive chairman to chairman, 16 years after becoming managing director.The company, which closed 2018 with disappointing news related to its Sukari gold mine in Egypt, said El-Raghy will remain on the board while the search for a successor continues.The E...Read More