BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.Over the weekend, the two sides pledged to keep talking about how China could import more energy and agricultural commodities from the United States so as to narrow...Read More
URBN has been on a tear on the charts for over a yearRetailer Urban Outfitters, Inc. (NASDAQ:URBN) is slated to report first-quarter earnings tomorrow after market close. On the charts, URBN has been on a tear, gaining 116% over the past 12 months, and on Friday reached a three-year high of $43.18. The stock has enjoyed support from the rising 30-day moving average since mid-February. Digging into...Read More
(Kitco News) - Gold prices areslightly down, and up from the daily lows, in early-afternoon dealings Monday.The yellow metal dropped to a five-month low in early U.S. action. Upbeatinvestor risk appetite in the world marketplace continues to work against thesafe-haven metals. Also, the U.S. dollar index continues to appreciate, to thechagrin of the precious metals market bulls. The U.S. dollar ind...Read More
(Kitco News) - Gold prices are slightly down, and up from the daily lows, in early-afternoon dealings Monday. The yellow metal dropped to a five-month low in early U.S. action. Upbeat investor risk appetite in the world marketplace continues to work against the safe-haven metals. Also, the U.S. dollar index continues to appreciate, to the chagrin of the precious metals market bulls. The U.S. dolla...Read More
"Goldman Sachs urging EV market players to lock in #nickel pricing ASAP, lest prices race upward in coming years @benchmarkmin https://t.co/YrULg5hy0b"Read full newsRead More
BERLIN (Reuters) - Germany’s federal cyber agency called on chip and hardware-makers to address new vulnerabilities discovered in computer central processing units, but said no complete fix was possible at the moment.The BSI agency said its analysis showed the new flaws, dubbed Spectre-Next Generation, resembled the Meltdown and Spectre bugs discovered in January and could allow attackers to...Read More
Medha Singh(Reuters) - U.S. stocks climbed on Monday after the United States and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also buoyed by the nearly $28 billion worth of merger activity.The truce sparked a broad rally, with all the 11 major S&P sectors higher and the small-cap Russell 2000 hitting a record high for the fourth sess...Read More
(Kitco News) - Gold seems to be stuck below the $1,300 an ounce level for the next few months, according to ABN Amro. The Dutch bank expects gold to hit $1,275 at the end of June and then fall down to $1,250 by the end of September.Main pressures dragging gold down in the near future will remain higher U.S. dollar and rising U.S. Treasury yields, the bank said in its Precious Metals Watch report o...Read More
ROME (Reuters) - Italy’s anti-establishment 5-Star Movement and the far-right League will seek the backing of the president on Monday for their candidate to lead a coalition government whose plans to jack up spending have roiled financial markets.Eleven weeks after an inconclusive election, the rival parties are poised to put forward a prime minister whose program - agreed last week - calls...Read More
(Bloomberg) - The U.S. Supreme Court agreed to consider overturning a ban on mining at the site of the nation's largest known uranium deposit, heeding calls from the Trump administration and the companies that own the Virginia land.Virginia Energy Resources Inc. and other companies contend in their appeal that the state ban runs afoul of the U.S. Atomic Energy Act. They say that law puts the subje...Read More
(Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic said on Monday the U.S. economy is close to meeting the Fed’s employment and inflation goals, with growth of around 2.5 percent expected this year.In prepared remarks to an economic group in Atlanta he did not update his views on interest rates, but has recently said he has a base case for two additional rate increases this ye...Read More
The retailer will report earnings ahead of tomorrow's openRetail earnings will continue to trickle in this week, with department store chain Kohl's Corporation (NYSE:KSS) scheduled to report its first-quarter results before the market opens tomorrow, May 22. KSS stock has averaged a next-day move of 6.9% over the past eight quarters, yet this time around, the options market is pricing in a much l...Read More
A conversation with Michael Scherb, founder of private equity firm Appian CapitalAppian Capital Advisory founder & CEO Michael Scherb, a dual Austrian-Singaporean national, started his career structuring foreign investment into burgeoning China pre-supercycle before joining the mining team at JP Morgan Cazenove in London. He worked on deals as diverse as Rio Tinto's $153 billion 2008 defence again...Read More
A conversation with Michael Scherb, founder of private equity firm Appian CapitalAppian Capital Advisory founder & CEO Michael Scherb, a dual Austrian-Singaporean national, started his career structuring foreign investment into burgeoning China pre-supercycle before joining the mining team at JP Morgan Cazenove in London. He worked on deals as diverse as Rio Tinto's $153 billion 2008 defence again...Read More
A conversation with Michael Scherb, founder of private equity firm Appian CapitalAppian Capital Advisory founder & CEO Michael Scherb, a dual Austrian-Singaporean national, started his career structuring foreign investment into burgeoning China pre-supercycle before joining the mining team at JP Morgan Cazenove in London. He worked on deals as diverse as Rio Tinto's $153 billion 2008 defence again...Read More
BEIJING (Reuters) - China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations’ interests while state media trumpeted what it saw as Beijing’s refusal to surrender to U.S. economic threats.China’s relief, coming after talks last week between the world’s two largest economies, elicited mixed...Read More
Forevermark, the diamond brand from De Beers Group, today announced the launch of Libert'aimeTM by Forevermark, a new flagship store at HKRI Taikoo Hui in Shanghai. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country.Created to celebrate the spirit of a new generation of women who are strong, unique, and authentic, Lib...Read More
U.S. Treasury Secretary Mnuchin said the trade war is on holdU.S. stocks are soaring in afternoon trading, continuing to celebrate Treasury Secretary Steve Mnuchin's statement that "We are putting the trade war on hold." Specifically, the Dow Jones Industrial Average (DJI) is up more than 250 points -- and earlier surpassed 25,000 for the first time in two months -- amid the decreased trade tens...Read More
MU and GE shares are sharply higher todaySchaeffer's Senior Quantitative Analyst Rocky White compiled a list of the 20 stocks that saw the heaviest options volume over the past 10 days, with names in yellow new to the list since the last time the study was run. Two stocks worth taking a closer look at today are Micron Technology, Inc. (NASDAQ:MU) and General Electric (NYSE:GE), as both make strong...Read More
WASHINGTON (Reuters) - U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams.The North American Securities Administrators Association announced the wide-ranging series of probes on Monday, dubbed “Operation Crypto-Sweep.” The investigations, some of which have already concluded, are aimed at unregistered sec...Read More