Recent News

Dollar dips as EU migration deal boosts euro

June 29, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar slipped to a three-day low against the euro on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but the currency was set to log its best quarterly performance in six quarters.European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration even tho...Read More

After stellar run, smallcaps may see some turbulence

June 29, 2018 / www.kitco.com

NEW YORK (Reuters) - After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack.After hitting lows on Feb. 8, the Russell 2000 has risen more than 12 percent, far outpacing the gain of 5.2 percent...Read More

"I am Amazon, destroyer of industries"

June 29, 2018 / thehustle.co

Amazon came onto the pharma scene swingin' for the fences with the $1B purchase of PillPack.Read full newsRead More

GM warns U.S. import tariffs could lead to 'smaller' company

June 29, 2018 / www.kitco.com

(Reuters) - General Motors Co (GM.N) warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating U.S. businesses from the global market.The Trump administration in May launched an investigation into whether imported vehicles posed a national security threat, and President Donald Trump...Read More

Sibanye-Stillwater at center of climbing South African mine fatalities:

June 29, 2018 / ow.ly

The total number of fatalities at South African mines has climbed to 47 so far this year, and 21 have occurred at Sibanye-Stillwater's operations.Read full newsRead More

Trump says probably won't ask Supreme Court nominee about abortion ruling

June 29, 2018 / www.kitco.com

WASHINGTON (Reuters) - President Donald Trump said he probably will not ask the person he nominates for a seat on the U.S. Supreme Court how they would vote on the 1973 Roe v. Wade landmark abortion ruling.In an excerpt of an interview on Fox Business Network to be aired on Sunday, Trump said: “I don’t think I’m going to be so specific.”Reporting by Eric Beech; Editing by M...Read More

RT @CycleCapitalVC: Five Mining Tech Plays to watch in 2018 feat @minesensetech via @MiningOnline

June 29, 2018 / www.mining-journal.com

Investors, public and private, are starting to warm to emerging mining technology playsRead full newsRead More

U.S. unveils 'streamlined' tax form to warnings from Democrats

June 29, 2018 / www.kitco.com

WASHINGTON (Reuters) - Sticking to a pledge that Americans will be able to file tax returns on a postcard under President Donald Trump’s tax code overhaul, the U.S. Treasury Department released a new Form 1040 for individuals on Friday, but met swift Democratic criticism about its potential complexity.The Treasury and Internal Revenue Service unveiled a draft of the new form, saying it would...Read More

U.S. SEC says Morgan Stanley to pay $3.5 million fine over misuse of funds

June 29, 2018 / www.kitco.com

WASHINGTON (Reuters) - Morgan Stanley (MS.N) agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.Morgan Stanley did not admit or deny the SEC’s findings, according to the regulator.Reporting by Katanga Johnson; Editing by Jeffrey Benkoe Disclaimer: The views...Read More

Constellation Stock Slammed After Rare Profit Miss

June 29, 2018 / www.schaeffersresearch.com

Shares of Constellation Brands have gapped lower after earningsThe Dow is trading significantly higher this afternoon, with blue chip Nike (NKE) taking the lead. Three stocks makingnoteworthy moves are drug concern Dermira Inc (NASDAQ:DERM), banking name Wells Fargo & Co (NYSE:WFC), and Corona parent Constellation Brands, Inc. (NYSE:STZ). Below, we will take a closer look at howshares of DERM,...Read More

A self-exiled ex-fugitive is making Mexican billionaires nervous

June 29, 2018 / www.mining.com

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico with presidential front-runner Andres Manuel Lopez Obrador's party Morena.In an election cycle filled with colorful characters and some tough-talking, the nomination of the polemic union rep and ex-fugitive caused some head-scra...Read More

A self-exiled ex-fugitive is making Mexican billionaires nervous

June 29, 2018 / www.mining.com

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico with presidential front-runner Andres Manuel Lopez Obrador's party Morena.In an election cycle filled with colorful characters and some tough-talking, the nomination of the polemic union rep and ex-fugitive caused some head-scra...Read More

World stocks rally after volatile week, trade worries on backburner

June 29, 2018 / www.kitco.com

NEW YORK (Reuters) - World stocks rallied on Friday, with Wall Street opening higher and European indexes recovering from a volatile week pegged to a growing U.S.-led trade battle with other top global economies, with those concerns pushed to the backburner for now.Bank shares jumped after U.S. lenders cleared the second part of the Federal Reserve’s stress test, pushing the sector 0.88 perc...Read More

Call Traders Blast XLF After Stress Tests

June 29, 2018 / www.schaeffersresearch.com

The fund's upside is being contained at a key technical levelThe financial sector is seeing strength today after the second-round results of the Fed's stress tests. At last check, the Financial Select Sector SPDR Fund (XLF) was up 1% to trade at $26.86. The price action has sparked a flood of options activity, too, and even though the fund is holding below a key technical level, most of the activi...Read More

Gold ends losing streak, but suffers 5.5% quarterly decline

June 29, 2018 / www.marketwatch.com

Gold futures snapped a four-day losing streak Friday, but logged a second quarter drop of more than 5%. Gold sellers came up for air as the highflying dollar index paused its run on Friday and the metal largely held its early gain even after government data showed a preferred inflation gauge under watch at the Federal Reserve hit the central bank's 2% target in May. It's a data point that could k...Read More

Italy's new PM swings from tough to soft at EU summit debut

June 29, 2018 / www.kitco.com

BRUSSELS (Reuters) - Italy’s new prime minister opened his first European Union summit in bold style but ended it more meekly, yielding to a vague joint statement in which EU leaders offered little commitment to his demands on migration.Giuseppe Conte came to Brussels aiming to persuade other states to take in a share of the thousands of economic migrants landing in Italy from boats in the M...Read More

A New Gold Rush?

June 29, 2018 / www.kitco.com

(Kitco News)- While the gold market has beenpretty uneventful since the start of summer, you wouldn’t know it in Canada’sYukon Territory.Our editor Neils Christensen just returned from a week packed with mine toursand interviews from Canada’s great white North. Highlights include hisinterview with Ranj Pillai, the Minister of Energy& Mines for the Yukon government, who told K...Read More

A New Gold Rush?

June 29, 2018 / www.kitco.com

(Kitco News) - While the gold market has been pretty uneventful since the start of summer, you wouldn’t know it in Canada’s Yukon Territory.Our editor Neils Christensen just returned from a week packed with mine tours and interviews from Canada’s great white North. Highlights include his interview with Ranj Pillai, the Minister of Energy & Mines for the Yukon government, who...Read More

Papering over cracks, EU leaders claim summit victory on migration

June 29, 2018 / www.kitco.com

BRUSSELS (Reuters) - European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration but it faced instant criticism as vague, hard to implement and a potential threat to human rights.Irregular migration has fallen steeply since 2015, when more than a million people entered the EU, but polls show it is still a top concern of the EU’s 500 million cit...Read More

Treasury chief Mnuchin slams report that Trump wants to exit WTO

June 29, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday a report by the Axios news website, that cited sources as saying President Donald Trump wanted the United States to withdraw from the World Trade Organization, was wrong.“There’s no breaking news here ... it’s not right,” Mnuchin told Fox Business Network, calling the report “fake news.”...Read More

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