The U.S. inflation story made further inroads this month, with year-over-year price growth for consumers and producers alike hitting multiyear highs. U.S. consumer prices expanded at their strongest pace in more than six years, climbing to an annual change of 2.8 percent in May. Prices for final demand goods, meanwhile, grew 3.1 percent, their strongest annual surge since December 2011.As you migh...Read More

CHICAGO (Reuters) - Most U.S. farmers understand President Donald Trump’s trade row with China is necessary to get the biggest buyer of U.S. agriculture commodities to change its behavior, Agriculture Secretary Sonny Perdue said on Tuesday.Perdue visited agricultural hub Chicago after commodity prices fell sharply this month on escalated tariff threats from Beijing and Washington.“They...Read More

WINNIPEG, Manitoba/TORONTO (Reuters) - Steel pipes and tubes used in drilling and transporting crude oil flooded into Canada this spring, a Reuters analysis shows, as U.S. President Donald Trump’s steel tariffs forced producers from Asia to Europe to seek new markets.Canada is a major steel producer in its own right and the biggest supplier to the United States, but the country is swamped by...Read More

Monday's retreat could be a buying opportunity for bullsSo-called FAANG stocks got smacked lower yesterday, as the tech sector fell amid heightened trade tensions with China. However, Amazon.com, Inc. (NASDAQ:AMZN) shares could heat back up in July, if past is prologue, and Apple Inc. (NASDAQ:AAPL) stock's pullback could be a rare buying opportunity for bulls.Amazon Stock Tends to Muscle Higher in...Read More

Enforcer Gold Corp. (TSXV:VEIN) is pleased to announce that it has appointed Stephen Dunn to its board of directors with an effective date of June 25, 2018.Read full newsRead More

LONDON (Reuters) - It was a choppy session for European shares on Tuesday, which initially saw a modest bounce after trade tensions triggered losses the previous day, but ran out of steam to close flat.The pan-European STOXX 600 was unchanged in percentage terms and remained at its lowest level since mid-April following Monday’s 2 percent slide.Germany's exporter-heavy DAX .GDAXI, which has...Read More

(Kitco News) - Gold and silver prices areweaker in early-afternoon U.S. trading Tuesday. However, prices have moved wellup from their daily lows that saw gold hit a six-month low and silver hit aseven-week low. A surge in Nymex crude oil prices above $70.00 did helped tolift gold and silver markets up from their session lows just before midday.Augustgold futures were last down $6.90 an ounce at $1...Read More

(Kitco News) - Gold and silver prices are weaker in early-afternoon U.S. trading Tuesday. However, prices have moved well up from their daily lows that saw gold hit a six-month low and silver hit a seven-week low. A surge in Nymex crude oil prices above $70.00 did helped to lift gold and silver markets up from their session lows just before midday. August gold futures were last down $6.90 an ounce...Read More

   •  A goodish pickup in the USD demand prompts some aggressive selling.   •  Fading safe-haven demand further aggravates the downward momentum.   •  Technical studies suggest an extension of the near-term bearish trajectory. Gold continued drifting lower through the mid-European session and is currently placed at fresh six-month lows, a...Read More

The populist government in Italy, Europe's most sluggish market for electric cars, has a big-bang plan to put 1 million of the vehicles on the nation's roads. Getting anywhere near that target could cost the state $10 billion in incentives.Read full newsRead More

WASHINGTON (Reuters) - U.S consumer confidence ebbed in June, with households a bit pessimistic about their short-term income prospects, potentially signaling a slowdown in economic activity later this year.The Conference Board said its consumer confidence index fell to a reading of 126.4 this month from an upwardly revised 128.8 in May. The index was previously reported at 128.0 in May.“Whi...Read More

WASHINGTON (Reuters) - The leaders of two of the world’s largest energy companies said on Tuesday they worry a trade conflict between the United States and other nations could destabilize the global economy.U.S. President Donald Trump has in recent months imposed tariffs on steel, aluminum and other imports, steps that have resulted in retaliatory measures against U.S. crops, motorcycles and...Read More

Pier 1 Imports has an awful track record for post-earnings movesPier 1 Imports Inc (NYSE:PIR) is slated to report first-quarter earnings after the market closes tomorrow. PIR stock is trading up 0.2% at $2.97 at last check, back below the 120-moving average, which has contained breakout attempts from the shares since December. The stock has, however, gained 37% since its mid-May eight-year low of...Read More

ANKARA (Reuters) - U.S. President Donald Trump congratulated Turkey's Tayyip Erdogan on Tuesday on his victory in Sunday's presidential election and the two leaders agreed to improve bilateral defense and security ties, Erdogan's office said.Ties between the NATO allies have been strained over a host of issues in recent months, including Washington's support for Kurdish fighters in Syria and defen...Read More

PTCT stock has rallied more than 90% already this yearRegeneron Pharmaceuticals Inc (NASDAQ:REGN) and PTC Therapeutics, Inc. (NASDAQ:PTCT) are two drug stocks struggling today, with the former down 1.5% to trade at $325.28, and the latter down 5.5% to trade at $31.86. Nevertheless, heading into a new month and the dog days of summer, both stocks are flashing pretty significant bullish signals....Read More

Going by one of the most popular ways for investors to get exposure to gold, the cost of investing in the precious metal just dropped by more than half. State Street Global Advisors, in conjunction with the World Gold Council, on Tuesday launched the SPDR Gold MiniShares Trust GLDM, -0.54% the latest exchange-traded fund to track the price of gold. And not only does the new ETF do so at a slight d...Read More

NEW YORK (Reuters) - Oil was mixed on Tuesday, pressured by reports of increased Saudi production and escalating trade conflicts, but receiving support from production losses in Canada and Libya.Brent crude LCOc1 lost 33 cents at $74.40 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. light crude CLc1 gained 20 cents at $68.28.Prices, which had been positive earlier in the session, fell following a rep...Read More

NEW YORK (Reuters) - General Electric Co and U.S. technology shares rose on Tuesday, helping global stock markets regain ground a day after a mounting trade fight between the United States and other top world economies chased investors into safe-haven assets.GE jumped 7.6 percent, the biggest percentage gainer on Wall Street’s S&P 500 index, after the company said it would spin off its h...Read More

HOME and HTZ are on the move after Morgan Stanley notesStocks are managing only modest gains today in what has so far been a low-volume session. Unease over trade relations continues to keep buyers at bay following yesterday's massive sell-off, along with a lack of market-moving events. In the meantime, former blue chip General Electric (GE) is the top S&P 500 Index (SPX) performer in its first da...Read More

NEW YORK (Reuters) - A credit ratings analyst for Standard & Poor’s and two other defendants were criminally charged by U.S. prosecutors on Tuesday with insider trading related to Sherwin-Williams Co’s (SHW.N) $9.3 billion purchase of Valspar Corp.Authorities said the analyst, Sebastian Pinto-Thomaz, 33, tipped his friends Abell Oujaddou and Jeremy Millul in early March 2016 about...Read More