The drug company's experimental Tourette's treatment failed a mid-stage study Shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) are down 21% at $67.77, after the company said its Tourette's drugfailed a mid-stage trial. The dramatic early drop sent NBIX stock to a new annual low of $64.72, and the security is pacing for its worst day since September 2013. NBIX has surrendered roughly 47% since...Read More
Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More
Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More
ATHENS, Dec 12 (Reuters) - Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday.Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Pub...Read More
U.K. Prime Minister Theresa May is facing a vote of no-confidence from members of her own Conservative party on Wednesday. Here's what investors need to know about it and what it means for Brexit. The vote is expected after the London close, around 6 p.m. to 8 p.m. local time (1 p.m.-3 p.m. Eastern U.S. time), with results expected around 9 p.m. (4 p.m. Eastern). First of all, the leadership chall...Read More
KBW is cautious on the banking sector in 2019KBW is cautious on the banking sector in 2019, saying it does not "see enough positive catalysts emerging," and suggesting traders "stick with quality and self-help stocks." Additionally, the brokerage firm downgraded several bank stocks to "market weight" from "overweight," including Bank of America Corp (NYSE:BAC). KBW also dropped its BAC price targe...Read More
The choice may not be too surprising if you've followed the industryBrokerage firm Jefferies this morning issued a thorough note on the video game sector. Analyst Timothy O'Shea said a survey of 500 gamers pointed toward Take-Two Interactive Software, Inc.'s (NASDAQ:TTWO) "Red Dead Redemption 2" as the winner of the holiday season. TTWO shares are trading up 2.3% at $107.85 in response. Looking ba...Read More
Gold is, without a doubt, the most controversial asset class.However, efficient frontier models show that gold wins portfolio allocations for far greater amounts than the naive expectation would be.Gold holds key investment advantages over other commodities. Additionally, gold shows a positive skew in returns, meaning it tends to "melt up" rather than crash to the downside like equities....Read More
Trump said he would intervene in the Huawei exec's legal troubles "if necessary"Dow Jones Industrial Average (DJIA) futures are trading more than 200 points above fair value, after President Donald Trump chimed in on last week's arrest of Chinese tech exec Meng Wanzhou -- who was released on bail yesterday by a Canadian judge. Speaking to Reuters, POTUS said he "would certainly intervene" if he th...Read More
MELBOURNE- Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the U.S. economy, a government minister said on Wednesday.That comes as Washington is looking to diversify its sources of supply for 35 minerals used in smartphones, computers and military equipment amid a festering trade war with China."T...Read More
NVDA has shed nearly half its value since Oct. 2Perhaps no stock has fallen further from grace during the broad market sell-off than Nvidia Corporation (NASDAQ:NVDA). Today, the chip stock is down 0.6% in electronic trading, after RBC trimmed its price target to $230 from $260, but even that still represents a 55% premium to yesterday's closing perch of $148.19. Also adding pressure is a report ou...Read More
• The prevalent USD bullish sentiment prompts some fresh selling. • Rebounding US bond yields exert additional downward pressure. • US-China trade optimism further dampens safe-haven demand. Gold reversed an early uptick to $1246 area and has now drifted into negative territory for the third consecutive session. The precio...Read More
BHP, (ASX:BHP) the world's No.1 miner, won't sell its smallest Chilean copper operation this year after all, as would-be buyer EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources, failed to meet a financing deadline for the $230 million cash deal.The Melbourne-based mining giant had decided to offload Cerro Colorado mine in May last year, as part of ch...Read More
The inverted yield curve is a popular predictor of recessionsThe yield curve is created by plotting the yields on U.S. Treasuries at various maturities. It's getting a lot of press lately because the five-year rate has overtaken the two-year rate. It's expected that the 10-year rate will soon surpass the two-year rate, meaning an inversion between the more popular 2-year/10-year yield spread. An i...Read More
* GRAPHIC-2018 asset returns: (Adds closing prices)By Maytaal AngelLONDON, Dec 12 (Reuters) - Copper slipped on Wednesday asinvestors shrugged off upbeat comments from U.S. PresidentDonald Trump about a potential trade deal with China, while thedollar hovered near a one-month peak against its peers.Trump said he would intervene in the Justice Department'scase against a top executive at China's Hua...Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
Amarillo Gold Corporation (TSX.V: AGC) has received approval from the Brazilian Mining National Agency for a three-year extension of its mining concessions for the Posse gold deposit, also known as the Mara Rosa gold project.According to Amarillo, the agreement allows for the continued delay of mining activities, thereby preserving the mining status of the concessions and providing enough time for...Read More
A move above a resistance level.A bullish pattern since August but falling interest.Defying the December curse.The Fed could ignite a rally.UGLD for maximum impact on the upside.The gold market faded into the background over the past months as the price of the yellow metal broke down over the summer months and declined to its lowest level since early 2017. The strong dollar weighed on the price of...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More