PARIS (Reuters) - A growing rift between the United States and Europe, as well as the rise of populism and the refugee crisis means the European Union is facing an existential threat, billionaire investor George Soros said on Tuesday.“Looking ahead we are now facing the termination of the nuclear arms deal with Iran and the destruction of the transatlantic alliance,” Soros said in a sp...Read More

ROME (Reuters) - Italy’s central bank warned on Tuesday the nation was only “a few short steps” from losing investors’ confidence, as financial markets suffered the biggest selloff in years on fears that repeat elections would become a proxy vote on euro membership.Bank of Italy Governor Ignazio Visco raised the alarm as investors dumped Italian bonds, causing the biggest o...Read More

May 29 (Reuters) - Australian lithium miner Galaxy Resources Ltd agreed on Tuesday to sell a package of mining tenements in Argentina to South Korean steelmaker POSCO for $280 million.The land is located in the northern area of the giant Salar del Hombre Muerto salt flat. Galaxy will retain ownership of all tenements in the southern basin.The company intends to use the proceeds from the deal to fu...Read More

LUV has shed nearly 20% year-to-dateSouthwest Airlines Co (NYSE:LUV) is trading lower after receiving a price-target cut from Citigroup to $64 from $67. The bear note comes less than a week after more harrowing details were released on the airliner's April 17 emergency landing of a Boeing 737 in Philadelphia. In response, LUV is down 1.1% at $52.27. This puts the stock back below the 30-day movin...Read More

(Reuters) - U.S. stocks opened sharply lower on Tuesday as investors switched cash into perceived safe havens of global financial markets due to a deepening political crisis in Italy.The Dow Jones Industrial Average .DJI fell 146.50 points, or 0.59 percent, at the open to 24,606.59. The S&P 500 .SPX opened lower by 16.22 points, or 0.60 percent, at 2,705.11. The Nasdaq Composite .IXIC dr...Read More

ROME (Reuters) - Italy’s central bank chief warned on Tuesday that the state was “only ever a few short steps” from losing investors’ trust as markets dumped stocks and bonds, fearing repeat elections will become a de facto referendum on the country’s euro membership.Prime minister-designate Carlo Cottarelli is set to unveil his cabinet on Tuesday - he will meet Presi...Read More

Morgan Stanley became the latest firm to raise its outlook on DGX sharesQuest Diagnostics Inc (NYSE:DGX) just received another analyst upgrade, as Wall Street continues to cheer the company's recent partnership with UnitedHealth. Just this morning, Morgan Stanley lifted its opinion on DGX stock to "overweight" from "equal weight" and boosted its price target to $120 from $103, expecting more stabl...Read More

(Reuters) - U.S. automobile sales are expected to decline 1 percent year-over-year in May, industry consultants J.D. Power and LMC Automotive said on Tuesday.Retail sales of new vehicles in May are projected at 1.27 million units, down from a year earlier, when adjusting for an extra selling day this month, the consultancies said in a report. The forecast was based on the first 17 selling days of...Read More

A nuclear summit with North Korea and the U.S. is still in playDow Jones Industrial Average (DJI) futures are trading well below fair value this morning, as political unrest in Italy and Spain spook global markets. Another Italian election appears likely, after President Sergio Mattarella rejected a coalition government nominated by the country's anti-establishment parties, and appointed former In...Read More

The Dow Jones industrial average fell more than 500 points at its lows as Goldman Sachs and J.P. Morgan Chase led the index lower. The euro fell below $1.16 - its lowest level this year against the greenback - as Italian debt rates continued to rise. The Stoxx Europe 600 fell 1.4 percent, weighed down by a 2.5 percent drop in Italy's FTSE MIB. Thomas Franck | Alexandra Gibbs Published 16 Hours...Read More

(Kitco News)- Goldcontinues to be caught in aseries of crosswinds. Financial risks in Europe continue to grow as politicaluncertainties in Italy and Spain dominate the headlines. The euro remains underheavy selling pressure, as traders perceive the ECB may delay plans to unwindtheir quantitative easing policy, as the Fed continues to tighten. Elections inItaly are likely to be called for late sum...Read More

(Kitco News) - Gold continues to be caught in a series of crosswinds. Financial risks in Europe continue to grow as political uncertainties in Italy and Spain dominate the headlines. The euro remains under heavy selling pressure, as traders perceive the ECB may delay plans to unwind their quantitative easing policy, as the Fed continues to tighten. Elections in Italy are likely to be called for l...Read More

WASHINGTON (Reuters) - President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making.Negotiators, industry lobbyists, trade experts and lawmakers briefed on the talks described how precious months passed before the U.S...Read More

OTTAWA (Reuters) - The Canadian government said on Tuesday it will buy Kinder Morgan Canada Ltd’s (KML.TO) Trans Mountain pipeline project for C$4.5 billion ($3.5 billion) but does not intend to be the long-term owner of the project, which has faced fierce environmental opposition.Finance Minister Bill Morneau said that buying the existing pipeline and its planned expansion project, which wi...Read More

How stocks perform when the IWM one-ups its larger-cap counterpartsSmall-cap strength has been a major storyline lately -- and a much-needed morale boost for bulls in an otherwise choppy, range-bound market. While the S&P 500 Index (SPX) and its exchange-traded fund (ETF) counterpart, the SPDR S&P 500 ETF Trust (SPY), have been fighting headwinds since their January all-time highs, the Russell 200...Read More

LONDON (Reuters) - A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to an 11-month low, stocks punished and short-term borrowing costs surging for the government in Rome.Investors fear that repeat elections - which now seem inevitable in the euro zone’s third-largest economy - may become a de facto referendum on Italian membership...Read More

Gold couldfall back toward the $1,280-an-ounce area in the run-up to the next FederalOpen Market Committee meeting, but then bounce once again, says TD Securities.The metal rose last week, ending a downward spiral that had been prompted byrising Treasury yields and a stronger U.S. dollar. Last week’s recovery washelped in large part by the latest FOMC minutes, which gave no indication thatpo...Read More

Two illegal miners from Madondo Village, under Chief Serima in Gutu, were recently found dead in a goldmine where they were prospecting for the precious mineral.Read full newsRead More

(Kitco News) - Gold continues to garner investorattention in the current economic environment, and one analyst says fund flowsindicate prices are nearly ready to take off.“Alternative asset allocatorsappear hard at work, increasing exposure to gold at an accelerating pace vs.last year, despite the flat price in 2018,” said Mike McGlone, BloombergIntelligence commodity analyst, in a re...Read More

(Kitco News) - Gold continues to garner investor attention in the current economic environment, and one analyst says fund flows indicate prices are nearly ready to take off.“Alternative asset allocators appear hard at work, increasing exposure to gold at an accelerating pace vs. last year, despite the flat price in 2018,” said Mike McGlone, Bloomberg Intelligence commodity analyst, in...Read More