Recent News

U.S. factory orders fall on weak aircraft, machinery demand

June 04, 2018 / www.kitco.com

WASHINGTON (Reuters) - New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector.Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show orders rising 1.7 per...Read More

This company may be North America's next copper producer

June 04, 2018 / www.mining.com

Source: Maurice Jackson for Streetwise Reports 06/01/2018Matthew Gili, CEO of Nevada Copper, speaks to Maurice Jackson of Proven and Probable about the company's plans to go into production.Maurice Jackson: Today we will highlight the next mid-tier production company. I'm speaking of Nevada Copper Corp. (NCU:TSX; NEVDF:OTC.MKTS), North America's next copper producer. Joining us for a conversat...Read More

This company may be North America's next copper producer

June 04, 2018 / www.mining.com

Source: Maurice Jackson for Streetwise Reports 06/01/2018Matthew Gili, CEO of Nevada Copper, speaks to Maurice Jackson of Proven and Probable about the company's plans to go into production.Maurice Jackson: Today we will highlight the next mid-tier production company. I'm speaking of Nevada Copper Corp. (NCU:TSX; NEVDF:OTC.MKTS), North America's next copper producer. Joining us for a conversat...Read More

Copper Market Can Withstand Trade Wars Because Of Growing Supply Issues

June 04, 2018 / www.kitco.com

(Kitco News)- Thegrowing threat of a trade war is not great news for commodity markets as itcould reduce global demand as economic growth prospects falter.Image courtesty of Panoro MineralsHowever,one junior mining explorer thinks copper is in a position to withstand theprotectionists’ assault on global markets and global growth as the base-metalsmarket faces a significant imbalance in its s...Read More

Copper Market Can Withstand Trade Wars Because Of Growing Supply Issues

June 04, 2018 / www.kitco.com

(Kitco News) - The growing threat of a trade war is not great news for commodity markets as it could reduce global demand as economic growth prospects falter. Image courtesty of Panoro Minerals However, one junior mining explorer thinks copper is in a position to withstand the protectionists’ assault on global markets and global growth as the base-metals market faces a significant imbala...Read More

Money Managers Increase Bullish Positioning In Gold Futures

June 04, 2018 / www.kitco.com

(Kitco News) - Large speculatorsincreased their net bullish positioning in gold futures and moved into a smallnet-long position for silver during the most recent reporting week for datacompiled by the Commodity Futures Trading Commission.During the week-longperiod to May 29 covered by the report, Comex August gold rose $6.70 to$1,304.10 an ounce, while July silver lost 20.2 cents to $16.373.Net lo...Read More

Money Managers Increase Bullish Positioning In Gold Futures

June 04, 2018 / www.kitco.com

(Kitco News) - Large speculators increased their net bullish positioning in gold futures and moved into a small net-long position for silver during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.During the week-long period to May 29 covered by the report, Comex August gold rose $6.70 to $1,304.10 an ounce, while July silver lost 20.2 cents to $16.373.N...Read More

Trade war turns Canada's G7 summit into six-plus-Trump

June 04, 2018 / www.kitco.com

OTTAWA/WASHINGTON (Reuters) - Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.This year’s meeting is likely to be overshadowed by Trump’s planned summit with North Korean leader Kim Jong Un, tentatively sch...Read More

After talks with U.S., Turkey says to make progress on Kurdish militants in Syria: TRT Haber

June 04, 2018 / www.kitco.com

ANKARA (Reuters) - Progress will be made regarding Kurdish militants in Syria, Turkish Foreign Minister Mevlut Cavusoglu was quoted as saying on Monday, after holding talks with his U.S. counterpart in Washington.Turkey’s state broadcaster TRT Haber also quoted Cavusoglu as saying that his talks with U.S. Secretary of State Mike Pompeo were “very successful”, while private news c...Read More

Microsoft to buy coding site GitHub for $7.5 billion

June 04, 2018 / www.kitco.com

(Reuters) - Microsoft Corp (MSFT.O) said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to expand its clout among software developers.GitHub supplies coding tools for developers and calls itself the world’s largest code host with more than 28 million developers using its platform.“Microsoft is a developer-first company, and by joi...Read More

Renewed Data Concerns Halt Facebook Stock Rally

June 04, 2018 / www.schaeffersresearch.com

The FAANG stock was on a four-day winning streak heading into today's tradingData privacy concerns that plagued Facebook Inc (NASDAQ:FB) last spring resurfaced over the weekend, after the New York Times reported the company gave a number of its partnered phone and device makers -- such as Apple (AAPL) and Amazon (AMZN) -- unauthorized access to user data. In response, Facebook has insisted the pa...Read More

Wall Street opens higher on strong jobs data

June 04, 2018 / www.kitco.com

(Reuters) - Wall Street's three main indexes opened higher on Monday led by gains in Microsoft and Apple as well as Friday's robust jobs data which continued to boost investor optimism on strength in the U.S. economy.The Dow Jones Industrial Average .DJI rose 92.34 points, or 0.37 percent, at the open to 24,727.55.The S&P 500 .SPX opened higher by 7.05 points, or 0.26 percent, at 2,741.67....Read More

Facebook fends off new NYT charges over data access

June 04, 2018 / www.kitco.com

(Reuters) - Facebook Inc (FB.O) on Sunday rejected claims by the New York Times that it had allowed Apple and other major device makers “deep” access to users’ personal data saying any such links were tightly controlled and largely subject to users’ consent.Facebook shares fell 1.3 percent to $191.50 before the bell on Monday, in what was otherwise an upbeat start for Wall...Read More

bluebird bio Stock Bounces on Cancer Drug Update

June 04, 2018 / www.schaeffersresearch.com

bluebird bio stock has been on a tear over the past yearBiotech concern bluebird bio Inc (NASDAQ:BLUE) is higher in today's trading after the company reporteddata for its immunotherapy drug bb2121, which showed cancer patients survived for a median of roughly 12 months after receiving the treatment before their conditions worsened. In response, BLUE is 2.4% higher to trade at $186.80. Thisprice a...Read More

Nektar Therapeutics Stock on Track for Worst Day Since '04

June 04, 2018 / www.schaeffersresearch.com

Early data for the company's combination cancer treatment is sparking the sell-offShares of Nektar Therapeutics (NASDAQ:NKTR) have plunged 30.8% to trade at $62.50 -- pacing for their worst day since August 2004 -- after early data from the company's experimental cancer treatment, NKTR-214, with Bristol-Myers Squibb's (BMY) Opdivo failed to meet Wall Street's expectations. Specifically, the respon...Read More

Canada mulls aid for steel, aluminum industry after US tariffs

June 04, 2018 / www.mining.com

OTTAWA, June 4 (Reuters) - Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs, just hours ahead of a scheduled meeting between Prime Minister Justin Trudeau and domestic industry leaders.U.S. President Donald Trump last week unveiled a 25 percent tariff on Canadian steel and a 10 percent tariff on aluminum, citing national security reason...Read More

Metalla Royalty declares July, Aug., Sept. dividends

June 04, 2018 / www.stockwatch.com

Mr. Brett Heath reportsMETALLA DECLARES MONTHLY DIVIDENDMetalla Royalty and Streaming Ltd.'s board of directors has approved and declared a monthly cash dividend payment of 0.15 cent per share for July, August and September on its common shares for the upcoming quarter (subject to any applicable tax withholding obligations).Brett Heath, Metalla's president and chief executive officer, commented: "...Read More

Metalla Royalty declares July, Aug., Sept. dividends

June 04, 2018 / www.stockwatch.com

Mr. Brett Heath reportsMETALLA DECLARES MONTHLY DIVIDENDMetalla Royalty and Streaming Ltd.'s board of directors has approved and declared a monthly cash dividend payment of 0.15 cent per share for July, August and September on its common shares for the upcoming quarter (subject to any applicable tax withholding obligations).Brett Heath, Metalla's president and chief executive officer, commented: "...Read More

Big Tesla investors look like firewall for Elon Musk

June 04, 2018 / www.kitco.com

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans.These stockpickers would have weighed Musk’s forceful public persona in their decisions to buy and hold Tesla shares in the first place, and...Read More

Merkel proposes investment budget for euro zone

June 04, 2018 / www.kitco.com

BERLIN (Reuters) - German Chancellor Angela Merkel on Monday proposed a euro zone budget for investment in weaker member states with the goal of improving the lives of people in those countries and strengthening convergence in the currency bloc.“That’s why I propose an investment budget with which we could strengthen those who want to be excellent but are still weaker,” Merkel sa...Read More

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