Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according to Reuters.The increase, if it can be pulled off, would be an incredibly rapid...Read More

NEW YORK/LONDON (Reuters) - Deals involving media companies, including the bidding war for Rupert Murdoch’s Twenty-First Century Fox (FOXA.O), helped drive worldwide merger and acquisition activity to new highs in the first half of 2018, according to the latest Thomson Reuters Deals Intelligence data.The value of deals announced globally is at $2.5 trillion year-to-date, up 64 percent compar...Read More

LONDON (Reuters) - The euro jumped on Friday after European Union leaders reached an agreement on migration that eased pressure on German Chancellor Angela Merkel, but traders said the gains may be short-lived because of deep divisions within the EU.A tense summit that dragged on into early Friday morning yielded vague pledges from EU leaders to strengthen external borders and explore new migrant...Read More

NKE shares have rallied to record highsNike (NKE) stock's post-earnings surge to record highs has the Dow Jones Industrial Average (DJI) set for a big win. In fact, one of the few blue-chip losers today is Dow newcomer Walgreens Boots Alliance (WBA), as analysts pound the pharmacy concern. The financial sector is today's other bullish driver, thanks to extended rallies from large-cap bank stocks....Read More

Steel and battery mineral on the riseRead full newsRead More

Brad Thrall, president of Alexco Resource shows the entrance to the silver company's Flame & Moth underground project. The company expects production to start by the start of 2019(Kitco News)- The silver market is struggling to gain traction as prices are atthe bottom of their range near a six-month low, but there is growing optimismin Canada’s largest historic silver district. In an intervi...Read More

Brad Thrall, president of Alexco Resource shows the entrance to the silver company's Flame & Moth underground project. The company expects production to start by the start of 2019 (Kitco News) - The silver market is struggling to gain traction as prices are at the bottom of their range near a six-month low, but there is growing optimism in Canada’s largest historic silver district. In a...Read More

(Kitco News)- Sentimentin the precious metals market is clearly bearish in the near-term as WallStreet and Main Street both look for gold to slide further in the next week,based on the Kitco News weekly survey.Infact, this is the first week that Wall Street and Main Street both have beenbearish at the same time since March 9.Fifteenmarket professionals took part in the survey. There were eight vot...Read More

(Kitco News) - Sentiment in the precious metals market is clearly bearish in the near-term as Wall Street and Main Street both look for gold to slide further in the next week, based on the Kitco News weekly survey.In fact, this is the first week that Wall Street and Main Street both have been bearish at the same time since March 9.Fifteen market professionals took part in the survey. There were ei...Read More

(Reuters) - The U.S. Justice Department on Thursday announced charges against 601 people including doctors for taking part in healthcare frauds that resulted in over $2 billion in losses and contributed to the nation’s opioid epidemic in some cases.The arrests came in dozens of unrelated prosecutions the Justice Department announced together as part of an annual healthcare fraud takedown.The...Read More

ATVI is trading near a trendline that's marked ideal entry points in the pastActivision Blizzard, Inc. (NASDAQ:ATVI) came within a chip-shot of notching a record high earlier this month, extending a mid-May bounce off its 200-day moving average. The shares have more recently consolidated near another trendline that's had bullish implications in the past, suggesting ATVI could be headed on its next...Read More

The numbers: The final reading of the University of Michigan's consumer-sentiment index in June was 98.2, slightly above May's level of 98. The initial reading was 99.3. Economists expected a reading of 99. What happened: It wasn't a big dip but concerns about the impact from tariffs weighed, according to the University of Michigan. Also read: Trade-war tracker: Here are the new levies, impose...Read More

Getty ImagesConsumer spending rose 0.2% in May. The numbers: Inflation moved higher in May while consumer spending continued to show strength, the government said Friday. The PCE index, the Federal Reserve's preferred inflation gauge, rose 0.2%, as did the core rate that strips out food and energy. The rate of inflation over the past 12 months rose to 2.3%, the fastest pace since March 2012. The...Read More

BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China's lithium battery maker Contemporary Amperex Technology Ltd (CATL) , the German carmaker said on Thursday.Read full newsRead More

BRUSSELS (Reuters) - Italy’s Prime Minister said a migration deal reached in the early hours of Friday by European Union leaders did not foresee that Italy will take back migrants who moved to Germany, in a remark that may not please Germany’s Chancellor Angela Merkel.“The accord does not foresee that Italy takes migrants from Germany,” Giuseppe Conte told a news conference...Read More

Panasonic, Tesla's sole battery cell partner for its electric vehicles, was never seen as a bottleneck in the ramp up of Model 3 production, but the Japanese electronics giant has now admitte...Read full newsRead More

FRANKFURT (Reuters) - Deutsche Bank investors took a largely long view on its failure in this year’s U.S. stress tests, with its shares recovering on Friday from a record low hit earlier this week.Goldman Sachs analysts said the U.S. Federal Reserve’s issues with Deutsche Bank were “long standing” and “not new”, while UBS said the failure was “not a total...Read More

(Kitco News)- TD Securities says gold may suffer more in the near term,but the Canadian bank looks for the precious metal to eventually recover as theU.S. dollar loses momentum and investors look for a hedge amid geopolitical andtrade issues.In fact, the late-Thursday report from TDS strategists BartMelek, Ryan McKay and Daniel Ghali forecast that gold will average $1,375 anounce in the final thre...Read More

(Kitco News) - TD Securities says gold may suffer more in the near term, but the Canadian bank looks for the precious metal to eventually recover as the U.S. dollar loses momentum and investors look for a hedge amid geopolitical and trade issues. In fact, the late-Thursday report from TDS strategists Bart Melek, Ryan McKay and Daniel Ghali forecast that gold will average $1,375 an ounce in the fin...Read More

Options were attractively priced at the time of the recommendationSubscribers to Schaeffer's Weekly Options Trader more than doubled their money with the JPMorgan Chase & Co. (NYSE:JPM) weekly 6/29 110-strike put we recently recommended. We're going to take a look back to see why we expected the bank stock to struggle, and how the options trade unfolded.At the time of our recommendation on June...Read More