EA fell to an annual low on MondayAfter adding 4% yesterday on the back of Take-Two Interactive's (TTWO) successful "Red Dead" roll-out, the shares of Electronic Arts Inc. (NASDAQ:EA) are down 4.3% ahead of the bell this morning. While the video game maker reported fiscal second-quarter earnings and revenue that exceeded analyst expectations, it forecast third-quarter revenue -- a period which e...Read More
The bearish brokerage notes come in reaction to the biotech's earnings reportThe hits keep on coming for Clovis Oncology Inc (NASDAQ:CLVS), with the shares down 18.7% in electronic trading, set to open at a new two-year low of $13.50 per share. Today's premarket downside comes in reaction to the cancer specialist's wider-than-expected third-quarter loss of $1.71 per share. The Rubrica maker also s...Read More
(Reuters) - Anthem Inc (ANTM.N) reported quarterly profit that beat Wall Street estimates on Wednesday, helped by lower costs at its commercial insurance business and the company raised its full-year adjusted earnings forecast.The insurer’s benefit expense ratio - an insurer’s spending on claims against the premiums it earns - narrowly missed the consensus estimate of 84.7 percent by b...Read More
WASHINGTON (Reuters) - U.S. labor costs accelerated in the third quarter as wages for both private and government workers surged amid tightening labor market conditions.The Employment Cost Index, the broadest measure of labor costs, increased 0.8 percent after an unrevised 0.6 percent rise in the second quarter, the Labor Department said on Wednesday. That left the year-on-year rate of increase at...Read More
NEW YORK (Reuters) - Alternative asset manager Carlyle Group LP (CG.O) on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that one of its key rivals.Carlyle, which owns assets such as British premium car service Addison Lee and U.S. entertainment services provider Apex Parks Group, said quarterly economic net inc...Read More
Stock market indexes are hoping to pare steep October lossesU.S. stocks look ready for another strong showing, with the major indexes set to chip away at steep October losses. Futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are trading far above fair value, getting a boost from the latest round of corporate earnings. The tech sector is poised to r...Read More
(Reuters) - After two years of wielding no practical political power in Washington, the Democratic Party faces a strong chance of winning control of the U.S. House of Representatives in next week’s election, with Republicans likely to keep the Senate.Taking a majority in even one of the chambers in the Nov. 6 elections would give Democrats a chance to more effectively oppose Republican Presi...Read More
(Reuters) - Yum Brands Inc (YUM.N) topped Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at its KFC and Taco Bell chains helped counter continued weakness at Pizza Hut.U.S. fast food chains, including Yum Brands and McDonald’s Corp (MCD.N), are fiercely competing to retain and add more customers with cheaper menu items, discounts and new breakfast me...Read More
BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated last month, providing further rationale for the European Central Bank’s decision to dial back stimulus even as growth is slowing more sharply than most had forecast.Consumer price growth in the 19 countries sharing the euro picked up to 2.2 percent in October from 2.1 percent last month, Eurostat said in a preliminary report, hol...Read More
MOSCOW (Reuters) - Russia’s drive to fill state coffers to give itself a $200 billion buffer against threats like new U.S. sanctions is prudent, analysts say, but will come at the expense of economic growth.With oil prices high, Russia has been steadily siphoning revenues from its major export into the National Wealth Fund (NWF). It has also raised oil industry taxes, hiked value-added tax a...Read More
Mr. Walt Coles Jr. reportsSKEENA INTERSECTS 10.09 G/T AUEQ OVER 45 METRES AT ESKAY CREEKSkeena Resources Ltd. has provided additional gold-silver assays for six holes from the continuing phase I surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase I program is being performed in the historically drill defined 21A, 21C and 22...Read More
Mr. Walt Coles Jr. reportsSKEENA INTERSECTS 10.09 G/T AUEQ OVER 45 METRES AT ESKAY CREEKSkeena Resources Ltd. has provided additional gold-silver assays for six holes from the continuing phase I surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase I program is being performed in the historically drill defined 21A, 21C and 22...Read More
* BOJ maintains policy and cut price forecasts* Advantest, Sony, Honda attract buying after earnings* Chiyoda nosedives after co expects lossBy Ayai TomisawaTOKYO, Oct 31 (Reuters) - Japan’s Nikkei bounced to a one-week high on Thursday as chip-related stocks surged in line with their U.S. counterparts, while first-half earnings from firms such as Sony and Honda supported sentiment.The Bank...Read More
The Dow Jones Industrial Average surged 241 points, bringing its two-day gain to nearly 650 points, while the S&P 500 gained more than 1 percent.But despite Wednesday's surge, the S&P 500 posted its worst monthly performance since 2011 after worries about higher interest rates and trade rattled investors throughout October. Fred Imbert| @foimbert Published 16 Hours AgoUpdated1 Hour AgoCNBC...Read More
(Kitco News) - Gold andsilver prices are moderately lower in early U.S. trading Wednesday. Improvingtrader and investor risk appetite in the marketplace at mid-week is bearish forthe safe-haven metals. Also, a stronger U.S. dollar index that scored a newfor-the-move high overnight is weighing on the precious metals markets thisweek. December gold futures were last down $7.50 an ounce at $1,217.80....Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices remained on thedefensive after the monthly ADP report Wednesday showed that U.S. firms created227,000 new private-sector jobs during October.Consensus estimates compiled by newsorganizations had called for around 178,000 to189,000 newprivate-sector jobs to be created. The September tally was revised to 2...Read More
TOKYO (Reuters) - Japan’s central bank chief on Wednesday ruled out a near-term interest rate hike amid risks from global trade disputes, but also raised a firm warning about vulnerabilities in the financial system from years of loose monetary policy.The Bank of Japan on Wednesday kept its policy settings unchanged, as widely expected, and cut its inflation forecasts.In comments after the de...Read More
It's Halloween. Will gold tradersand investors be tricked or treated? With gold now testing the lower end of theconsolidation pattern, how scary will it be for investors? The trick from hereis to observe gold as it searches for support, which should be no worse than$1,215.The trading action in gold appears to have tricked traders and investors with its failure to break out at$1,240. The longer-ter...Read More
(Kitco News) - Barrick Gold Corp. (NYSE, TSX: ABX) and Randgold ResourcesLtd. (Nasdaq: GOLD) are offering a Halloween goodie to shareholders - thecompanies Wednesday announced they are planning to increase dividend payments.In late September, the companies announced an all-stockmerger in which Barrick would acquire Randgold to create the largestgold-mining company in the world. The merger is subje...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More