RIGA (Reuters) - European Central Bank Governor Mario Draghi gave a robust defense of the euro currency on Thursday and said it would be damaging to even discuss the idea of Italy leaving the currency.“The euro is the currency of 340 million people and enjoys now 74 percent support across the citizens of the euro area, and more countries want to join the euro today,” Draghi told a news...Read More

HOUSTON (Reuters) - Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict.Now, they realize they’re in the same boat and need to row in tandem to keep global crude supply and demand in balance, according to interviews with analysts, executives and investors.The recent rise in crude prices LCOc1CLc1 - up more than 40 percent in the pa...Read More

KSS shareholders may have been bracing for a near-term pullbackAlthough retail sales numbers came in higher than expected this morning, Kohl's Corporation (NYSE:KSS) is down 3.2% to trade at $73.31, after Citigroup downgraded the stock to "neutral" from "buy," while lifting its price target to $75 from $71. The analyst in coverage said the stock's upside reaction to the company's recent "underwh...Read More

The covering analyst likes the company through at least 2019While the dramatic comeback in Under Armour (UAA) shares has deservedly received plenty of coverage, rival Nike Inc (NYSE:NKE) has continued to make moves of its own. NKE shares have steadily grinded higher in 2018, hitting an all-time high of $75.91 back on June 7, and rewarding options traders along the way. Today, the blue chip is trad...Read More

Hyonhee ShinSEOUL (Reuters) - North and South Korea failed to reach any concrete agreement during their military talks on Thursday, as two-star generals from both sides met just two days after U.S. President Donald Trump floated his plan to halt joint exercises with South Korea.The talks, their first in more than a decade, held in the border village of Panmunjom in the demilitarized zone (DMZ), fo...Read More

Gederts Gelzis, Balazs Koranyi, Francesco CanepaRIGA/FRANKFURT (Reuters) - The European Central Bank announced on Thursday it would wrap up its unprecedented bond purchase scheme by the close of the year, its biggest step in dismantling crisis-era stimulus a decade after the start of the euro zone’s economic downturn.But in a balanced announcement reflecting the uncertainties hanging over th...Read More

Michael Martina, David LawderBEIJING/WASHINGTON (Reuters) - China urged the United States on Thursday to make a “wise decision” on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. President Donald prepares to decide whether to activate tariffs on Chinese goods.Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chine...Read More

The shares have finally topped their Day 1 peakShares of Etsy Inc (NASDAQ:ETSY) are soaring in early trading, after the company lifted its 2018 revenue growth outlook, now expecting a 32%-34% increase. The company also hiked its seller transaction fee to 5% from 3.5%, and said it has plans to increase investments in direct marketing. Against this backdrop, ETSY stock is exploring record highs.ET...Read More

JOHANNESBURG, June 14 (Reuters) - Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search at its Kloof Ikamva gold mine in South Africa, the company said on Thursday.The five Sibanye workers killed went missing on Monday after entering an abandoned section of the mine near Johannesburg, the latest in a series of fatal incidents at the companies...Read More

JOHANNESBURG, June 14 (Reuters) - Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search at its Kloof Ikamva gold mine in South Africa, the company said on Thursday.The five Sibanye workers killed went missing on Monday after entering an abandoned section of the mine near Johannesburg, the latest in a series of fatal incidents at the companies...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

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

(Reuters) - U.S. stocks opened higher on Thursday on better-than-expected May retail sales data, while investors assessed the European Central Bank's move to end its stimulus program and the U.S. Federal Reserve's guidance on monetary policy.The Dow Jones Industrial Average rose 53.45 points, or 0.21 percent, at the open to 25,254.65. The S&P 500 opened higher by 7.58 points, or 0.27 percent,...Read More

One firm published positive data, while the other received a regulatory winShares of Novavax, Inc. (NASDAQ:NVAX) are trading up 1.6% at $1.64, after the company published positive early stage trial data for its NanoFlu treatment in the New England Journal of Medicine. Specifically, the flu vaccine showed significant improvement in immune responses of older adults with the influenza virus, compared...Read More

(Kitco News) - Gold managed to keep early-morning gains as European Central Bank (ECB) President Mario Draghi said there will be no move on rates at least through the summer of 2019, while adding that the quantitative easing (QE) program will end in the end of the year.“We decided to keep the key ECB interest rates unchanged and we expect them to remain at their present levels at least throu...Read More

It actually could be a great time to strike on near-term AMZN optionsAmazon.com, Inc. (NASDAQ:AMZN) is trading 0.3% higher today at $1,710, after brokerage firm D.A. Robinson raised its price target to $2,100 from $1,900. AMZN shares would need to rally about 23% to reach this level, which is well above the Wall Street average. By the numbers, the average analyst price target for the e-commerce gi...Read More

BEIJING (Reuters) - China President Xi Jinping told visiting U.S. Secretary of State Mike Pompeo on Thursday that Washington and Beijing should make the most of bilateral mechanisms, amid escalating trade tensions between the world's two biggest economies.Pompeo told Xi during their meeting that U.S. President Donald Trump truly values his relationship with Xi.Reporting by Michael Martina; writing...Read More

(Kitco News)- Gold traded as we expected after the Fed raised ratesyesterday -- first a swoon on theannouncement and then a pop. This has been the pattern for the last three ratehikes. Although the message from the Fed was hawkish,indicating further rate hikes this year, traders ignored the statement andbegan focusing again on global issues, specifically the looming trade wars.There is a consensus...Read More

BEIJING (Reuters) - China will ensure U.S. diplomats based in the country are safe, U.S. Secretary of State Mike Pompeo said on Thursday, amid reports that some had suffered a mysterious malady resembling a brain injury that has already hit U.S. personnel in Cuba.Speaking in Beijing, Pompeo said he raised what he referred to as a “health incident” during his meeting with the Chinese go...Read More

Several workers who went missing Monday at a Sibanye Gold Ltd. mine in South Africa have been found dead, bringing the number of people killed at the company's operations this year to more than a dozen.Read full newsRead More