WHR shares hit a two-year nadir on FridayShares of home appliance giant Whirlpool Corporation (NYSE:WHR) have had a rough 12 months, falling almost 23% and touching a two-year low of $143.11 on Friday. The stock got a brief shot in the arm back in January after the Trump administration announced tariffs on imported washing machines, but those gains evaporated quickly and the long-term downtrend wa...Read More
NEW YORK (Reuters) - For Alberto Ferracuti, a coffee grower in El Salvador, bourbon really does grow on trees.Ferracuti and many other farmers in the Central American country have turned to specialty coffee trees - identified by fanciful names such as bourbon, geisha and pacas - in hopes of reviving a local industry devastated by crop disease just a few years ago.The trees produce some of the worl...Read More
Trade negotiations between Washington and Beijing fell apart over the weekendFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value this morning, as the blue-chip index looks to build on Friday's jobs rally. This is helping offset trade war fears, with the U.S. and China failing to agree on tariff terms over the weekend, and finance ministers from the non-U.S. Group of...Read More
TOKYO (Reuters) - A self-driving car service could be on Tokyo's public roads in time for the 2020 Olympics as Japan looks to drive investment in new technology to drive economic growth, according to a government strategic review announced on Monday.The strategy, presented at a meeting chaired by Prime Minister Shinzo Abe, also includes plans to allow the development of virtual power plants by the...Read More
Gold mine owners have polluted a river in Brazil's Tapaj??s basin and placed a price on the heads of resisting Munduruku leaders. A federal raid in May failed to stem the conflict.Read full newsRead More
(Reuters) - U.S. stock indexes were set to open higher on Monday as stronger than expected U.S. jobs data for May drove global stock markets up across the board for a second day.The S&P 500 .SPX closed up more than 1 percent on Friday after jobs and wage growth for May both beat expectations, with the unemployment rate falling to an 18-year low.Concerns that bullish economic numbers will lea...Read More
LONDON (Reuters) - Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply.Benchmark Brent crude oil LCOc1 lost $1.26 a barrel, or 1.6 percent, to a low of $75.53 before recovering to $75.89, down 90 cents, by 1125 GMT.U.S. light crude CLc1 was 40 cents down at 65.41 a barrel. The U.S. contract lost about 3 percent last week after a decline of nea...Read More
BEIJING (Reuters) - China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs.The United States and China have threatened tit-for-tat tariffs on goods worth up to $150 billion each, as U.S. President Donald Trump ha...Read More
BEIJING (Reuters) - The United States urges China to make a full public account of those killed, detained or who went missing during a crackdown on student-led pro-democracy protests in and around Beijing’s Tiananmen Square in 1989, Secretary of State Mike Pompeo said.The Chinese government sent tanks to quell the June 4, 1989 protests, and has never released a death toll. Estimates from hum...Read More
SEOUL/WASHINGTON (Reuters) - North Korea’s top three military officials have been removed from their posts, a senior U.S. official said, a move analysts said on Monday could support efforts by the North’s young leader to jump-start economic development and engage with the world.Kim Jong Un is preparing for a high-stakes summit with U.S. President Donald Trump in Singapore on June 12, t...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
(Kitco News) - Gold and silver prices aremodestly higher in early U.S. trading Monday. A weaker U.S. dollar index onthis day is working in favor of the precious metals markets bulls. August Comex gold futures were last up $1.80 an ounce at $1,301.10. July Comex silver waslast up $0.084 at $16.53 an ounce. Worldstock markets were mostly higher overnight. U.S. stock indexes are pointedtoward higher...Read More
Stocks have been all bark and no bite, stuck in a trading range -- but that could change "If a pullback occurs ... bulls want to see support on the SPY come into play between $266.86 -- its 2017 close -- and the $270.43 level."-- Monday Morning Outlook, May 14, 2018"[M]arket participants are currently at the ready to accumulate stocks or cover short positions at the slightest hint of a pullback .....Read More
Several factors could limit gold’s upside potential for now,says Commerzbank. On the news front, last week ended with astronger-than-forecast U.S. jobs report for May, with unemployment continuingto fall but wages rising more than expected, pointing to inflation risks, thebank says. “The U.S. Fed is likely to see this as confirmation that its cycleof rate hikes is appropriate,” C...Read More
Several factors could limit gold’s upside potential for now, says Commerzbank. On the news front, last week ended with a stronger-than-forecast U.S. jobs report for May, with unemployment continuing to fall but wages rising more than expected, pointing to inflation risks, the bank says. “The U.S. Fed is likely to see this as confirmation that its cycle of rate hikes is appropriate,&rdq...Read More
Commercial banks are putting gold into Turkey's central bank to help deal with rapid inflationRead full newsRead More
* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds quote, data, context.)LONDON, June 4 (Reuters) - Sterling rose to a seven-day high on Monday as the dollar fell and data on Britain’s construction sector narrowly beat expectations.In May, the pound fell 3.43 percent versus the dollar, its biggest monthly decline...Read More
MUMBAI (Reuters) - India’s central bank is getting poised to raise interest rates for the first time since January 2014, analysts say - the question is whether this will happen on Wednesday or in August.The anticipated increase could put a dent in growth, which has recovered after blows from the November 2016 demonetisation and the bumpy July 2017 launch of a national goods and services tax....Read More
ATHENS (Reuters) - Greece’s economy grew for a fifth straight quarter in January-to-March and at a faster pace than in the previous three months, helped by stronger exports, the statistics service (ELSTAT) said on Monday.Seasonally adjusted data showed gross domestic product grew 0.8 percent in the first quarter compared to an upwardly revised 0.2 percent in October-to-December.The data sugg...Read More