SAN FRANCISCO (Reuters) - Home-renting company Airbnb Inc said on Friday it had “substantially more” than $1 billion in revenue for the third quarter, marking its strongest quarter yet ahead of a widely anticipated initial public offering next year.The quarter was the first time it “substantially” exceeded $1 billion in revenue, Airbnb said in a statement, citing growth in...Read More
Benjamin Franklin once said, "An ounce of prevention is worth a pound of cure." Those words could not be anymore true than they are today. Claim a free guide now.Since the year 2000, 555 banks have FAILED and closed their door forever. That averages out to 30 banks a year closing their doors. They were small enough to not qualify for a government bail-out, but now no bank will fail.Instead, many f...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he would nominate the acting head of the Environmental Protection Agency, Andrew Wheeler, to take on the position permanently.Wheeler, a long-time Washington insider known to shun the spotlight, took the reins at the EPA in July after former Administrator Scott Pruitt resigned. Pruitt faced a slew of ethics controversies that includ...Read More
In a letter to shareholders, McEwen Mining (TSX: MUX; NYSE: MUX) updated its progress at the Gold Bar project in central Nevada and confirmed commercial production is expected to begin in the first quarter of next year.The company completed the heap leach pad and installed crushing, conveying and agglomeration systems this month. For the rest of the year, its focus will be on finishing the proce...Read More
In a letter to shareholders, McEwen Mining (TSX: MUX; NYSE: MUX) updated its progress at the Gold Bar project in central Nevada and confirmed commercial production is expected to begin in the first quarter of next year.The company completed the heap leach pad and installed crushing, conveying and agglomeration systems this month. For the rest of the year, its focus will be on finishing the proce...Read More
In a letter to shareholders, McEwen Mining (TSX: MUX; NYSE: MUX) updated its progress at the Gold Bar project in central Nevada and confirmed commercial production is expected to begin in the first quarter of next year.The company completed the heap leach pad and installed crushing, conveying and agglomeration systems this month. For the rest of the year, its focus will be on finishing the proce...Read More
Plus, an FDA nod has SGEN shares higherIt's been another volatile session for stocks today, with the Dow swinging higher in afternoon trading. Among individual names making notable moves today are Google parent Alphabet Inc (NASDAQ:GOOGL), healthcare issue Acadia Healthcare Company Inc (NASDAQ:ACHC), and drugmaker Seattle Genetics, Inc. (NASDAQ:SGEN). Here's a quick roundup of what's moving the sh...Read More
(Kitco News)- Palladium and rhodium continue to be the two shining startsin the precious metals sector, both seeing surging momentum this week due to agrowing imbalance in their supply and demand fundamentals.Palladium is closing out the week at a new record high;December palladium futures last traded at $1157.90 an ounce, up 5.5% from theprevious week. Meanwhile, rhodium is currently trading at i...Read More
(Kitco News) - Palladium and rhodium continue to be the two shining starts in the precious metals sector, both seeing surging momentum this week due to a growing imbalance in their supply and demand fundamentals.Palladium is closing out the week at a new record high; December palladium futures last traded at $1157.90 an ounce, up 5.5% from the previous week. Meanwhile, rhodium is currently trading...Read More
SAN FRANCISCO (Reuters) - Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business.Greene said she had joined Google three years ago with plans to leave after two years and will move into investing and philanthropy in...Read More
Several Apple suppliers offered up weak forecastsIt was a dreary week on Wall Street, with Apple (AAPL) driving most of the price action early on. And while a positive earnings reaction for Cisco Systems (CSCO) and a Buffett-inspired surge for JPMorgan Chase (JPM) on Thursday helped the Dow snap its longest daily losing streak since August, sharp declines in the semiconductor space today have the...Read More
Protests shows tensions in Ecuador over mining as sector growsRead full newsRead More
"ATW Tech Provides Additional Information Regarding Signature of a Letter of Intent for Major Acquisition of Greywolf Entertainment Group -- #ATWTech $ATW $ATW.CA $ATW.V @ATWco #Einsteinium #CryptoCurrency #Voxtel #Vudu --Read the News Release here: https://t.co/is4vtDAxiw"Read full newsRead More
CHEMNITZ, Germany (Reuters) - Chancellor Angela Merkel on Friday urged people to stand up against hatred and reject “lies” about a U.N. migration accord during her first visit to the city of Chemnitz since a spate of far-right violence that tarnished Germany’s image abroad.Germans were shocked by images of skinheads chasing migrants in the eastern city after the fatal stabbing of...Read More
Gold futures ended higher Friday for a third consecutive session to book a weekly advance of more than 1%, with geopolitical turmoil and broader equity market weakness helping to underpin gains. The yellow metal found a haven-related lift from geopolitical worries surrounding Britain's planned exit from the European Union. Read: Here's how Brexit turmoil could become a problems for U.S. and globa...Read More
• A fresh wave of global risk-aversion trade benefits traditional safe-haven assets. • Fresh USD selling pressure provided an additional boost and remains supportive. • Technical buying above $1217 hurdle further accelerates the positive momentum. Gold finally broke out of its European session consolidation phase and surged to f...Read More
A Glencore Plc unit in the Democratic Republic of Congo had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country."They submitted a request," Jean Baptiste Nkongolo Kabila, director general of Congo's custom's agency, said Thursday by phone. "I have taken the decision to temporarily lift the suspension measures." Glencore said in a statement it had...Read More
A Glencore Plc unit in the Democratic Republic of Congo had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country."They submitted a request," Jean Baptiste Nkongolo Kabila, director general of Congo's custom's agency, said Thursday by phone. "I have taken the decision to temporarily lift the suspension measures." Glencore said in a statement it had...Read More
A Glencore Plc unit in the Democratic Republic of Congo had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country."They submitted a request," Jean Baptiste Nkongolo Kabila, director general of Congo's custom's agency, said Thursday by phone. "I have taken the decision to temporarily lift the suspension measures." Glencore said in a statement it had...Read More
NEW YORK (Reuters) - The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the U.S. economic expansion is growing old.Flows of student debt into serious delinquency - of 90 or more days - rose to 9.1 percent in the third quarter from 8.6 percent in the p...Read More