With batteries getting cheaper and governments promoting their use, electric vehicles are going to be sucking up a whole lot more of the world's power in coming years.Read full newsRead More
The world's largest gold mines come in all shapes and sizes, but it's hard not to wonder where the true behemoths are and which companies own them.Read full newsRead More
HONG KONG (Reuters) - Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.The 85-10 bipartisan vote marked one of the few times the Republican-led Senate has veered from White House policy and c...Read More
ANKARA (Reuters) - Turkish President Tayyip Erdogan said on Tuesday interest rates had to come down to bring investment into the country, two weeks after Turkey’s central bank raised interest rates for a second time in two weeks.“If we are going to strengthen investors, we have to do it through low interest rates,” Erdogan told a meeting in southern city of Adana.Turkish central...Read More
BERLIN (Reuters) - The leaders of Germany and France agreed on Tuesday to create a budget for the euro zone and hailed a “new chapter” for the currency union, but they left the details to be worked out later with other members of the 19-country bloc.Their meeting, to prepare for an EU summit on June 28-29, had been dubbed a “moment of truth” for bilateral relations by Franc...Read More
NEW YORK (Reuters) - U.S. President Donald Trump’s threat to escalate a trade conflict with China is likely a negotiating tactic and not a “suicide pact,” the chief executive of Goldman Sachs & Co said on Tuesday, criticizing the White House strategy as a risky tit-for-tat.“I don’t know if this is going to be the pattern of North Korea - a lot of bluster. And I do...Read More
NEW YORK (Reuters) - U.S. President Donald Trump’s threat to escalate a trade conflict with China is likely a negotiating tactic and not a “suicide pact,” the chief executive of Goldman Sachs & Co said on Tuesday, criticizing the White House strategy as a risky tit-for-tat.“I don’t know if this is going to be the pattern of North Korea - a lot of bluster. And I do...Read More
ACIA shorts are likely cheering today's price actionThe stock market is trading significantly lower today as trade tensions continue to escalate. Three individual stocks making notable moves are aerospace defense concern Astrotech Corp (NASDAQ:ASTC), ZTE supplier Acacia Communications, Inc. (NASDAQ:ACIA), and toymaker Mattel, Inc. (NASDAQ:MAT). Below, we will take a closer look at howshares of...Read More
(Kitco News) - The current lull in the gold market will be shaken up by the ongoing trade tensions between the U.S. and China, boosting prices and the yellow metal’s safe-haven appeal, according to Capital Economics.“We expect the prospect of increased protectionism to be positive for gold prices,” the research firm’s commodities economist Simona Gambarini said in a Metals...Read More
(Reuters) - U.S. stocks fell on Tuesday and the Dow Jones Industrial Average turned negative for the year as a sharp escalation in U.S.-China trade dispute rattled the markets.President Donald Trump, in an unexpectedly swift and sharp move, threatened to impose a 10 percent tariff on another $200 billion of Chinese goods and Beijing warned it would retaliate.Trump said his move followed China&rsqu...Read More
WASHINGTON/BEIJING (Reuters) - China has underestimated President Donald Trump’s resolve to press ahead with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.The threat of a growing trade co...Read More
WASHINGTON/BEIJING (Reuters) - China has underestimated President Donald Trump’s resolve to press ahead with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.The threat of a growing trade co...Read More
Chilean Metals Inc. (Read full newsRead More
A number of weekly 6/22 105-strike calls were bought to open last FridayOptions volume has exploded on Sarepta Therapeutics Inc (NASDAQ:SRPT) today, pacing in the 99th annual percentile. With SRPT stock surging on the back of upbeat data for its Duchenne muscular dystrophy (DMD) treatments, some of the action is a result of speculators liquidating positions -- with one trader in particular closing...Read More
Both stocks have a tendency to make volatile moves on the chartsEscalating trade tensions with China are weighing on U.S. stocks today, and China-based tech stocks are getting hit particularly hard. However, traders looking to speculate on the tariff merry-go-round with options could consider Chinese e-commerce concerns Vipshop Holdings Ltd(NYSE:VIPS) and Alibaba Group Holding Ltd (NYSE:BABA). Des...Read More
Gold futures fell Tuesday to settle near their lowest levels of the year, as concerns over a potential trade war prompted more investors to seek refuge in the U.S. dollar, lifting a benchmark index for the greenback to its highest levels of 2018. Gold bucked what is typically a haven role for the precious metal when markets are roiled. "Gold has descended into the abyss despite intensifying trad...Read More
Front-month implied volatilities are low on INTU stock optionsShares of Intuit Inc. (NASDAQ:INTU) came within striking distance of hitting a new record high earlier, after Stifel raised its rating on the Turbo Tax firm to "buy" from "hold," and boosted its price target to $240 from $197. After topping out at an intraday peak of $210.07 earlier -- not far from its June 15 all-time peak of $210.19 -...Read More
These are the choices facing Beijing in response to Trump's trade war escalation, including everything from the most benign response to theRead full newsRead More
Apple fearsRead full newsRead More
By Amrith Ramkumar Investors in two of the hottest commodities in recent years face a vexing problem: Reliable prices for lithium and cobalt are every bit as rare as large deposits of the valuable ores. Interest in the materials has soared on expectations that demand will rise as they are used in a rapidly expanding number of electric-car batteries. The market for the two metals has already jump...Read More