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UPDATE 1-Wendy's same-restaurant sales miss estimates

February 21, 2018 / www.kitco.com

(Adds background details, analyst expectations, share movement)Feb 21 (Reuters) - U.S. burger chain Wendy's Co on Wednesday missed Wall Street estimates for same-restaurant sales in North America as fewer customers visited its outlets amid intense competition with bigger rivals such as McDonald's Corp .The sales miss comes despite Wendy's more diverse "4 for $4" value menu, which had he...Read More

Fremont to acquire property in world's second richest gold province

February 21, 2018 / www.mining.com

Vancouver-based Fremont Gold (TSX.V: FRE) announced today that it has entered into an option agreement with Ely Gold Royalties and its wholly-owned subsidiary Nevada Select Royalty to acquire 12 unpatented lode mining claims covering approximately 100 hectares in Elko Country, Nevada.The claims sit on the northern Carlin Trend, which is the second richest gold province in the world, with total his...Read More

Second investor files lawsuit over U.S. LJM fund -court filing

February 21, 2018 / www.kitco.com

Feb 21 (Reuters) - A second investor on Wednesday filed a lawsuit against managers of a U.S. mutual fund that lost most of its value earlier this month during a bout of market turmoil.In a complaint seeking class-action status filed in U.S. District Court in Chicago, investor Stanley Bennett said LJM Funds Management Ltd's Preservation and Growth Fund "left investors exposed to an unacceptabl...Read More

CANADA FX DEBT-C$ hits eight-week low as investors weigh Fed minutes

February 21, 2018 / www.kitco.com

(Adds dealer quotes and details, updates prices)* Canadian dollar at C$1.2686, or 78.82 U.S. cents* Oil prices fall 0.2 percent* Bond prices lower across steeper yield curve* Canada-U.S. 10-year spread hits widest since June 27 By Fergal SmithTORONTO, Feb 21 (Reuters) - The Canadian dollar weakened to an eight-week low against its U.S. counterpart on Wednesday as oil prices fell and investors wei...Read More

Gold almost flat despite stronger USD ahead of FOMC minutes

February 21, 2018 / www.fxstreet.com

Gold almost flat ahead of FOMC minutes. All eyes may be now on the deluge of US Treasury auctions later this week. Gold is now trading around $1332, in the New York session, almost flat for the day, edging up by 0.05% ahead of FOMC minutes later on Wednesday. So far Gold made a session high and low of around 1333-1325 in a day of rangebound trading amid higher USD and concerns of higher US infla...Read More

Dow Erases 300-Point Lead as 10-Year Treasury Yield Spikes

February 21, 2018 / www.schaeffersresearch.com

The Dow was trading comfortably in positive territory all day ahead of the reveal of the Fed's meeting minutes, and upbeat commentary from the central bank on U.S. economic growth initially sent the index soaring more than 300 points after the release. However, stocks pulled back sharply in the final hour of trading, as concerns over rising interest rates sent the 10-year Treasury yield spiking to...Read More

#Canada's Oil Crisis Continues To Worsen | Zero Hedge

February 21, 2018 / www.zerohedge.com

Canadian oil producers can't get a break...Read full newsRead More

Australian shares set to open flat; NZ gains

February 21, 2018 / www.kitco.com

Feb 22 (Reuters) - Australian shares are expected to remain flat at Thursday's open, following a muted performance on Wall Street and a slip in U.S. crude futures. U.S. stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve's January meeting pushed yields on the benchmark 10-year U.S. Treasury note to a four-year high. Meanwhile, West Texas In...Read More

Wendy's same-restaurant sales miss estimates

February 21, 2018 / www.kitco.com

Feb 21 (Reuters) - U.S. burger chain Wendy's Co reported on Wednesday a smaller-than-expected rise in fourth-quarter sales at its restaurants in North America as fewer customers visited its outlets compared with its rivals such as McDonald's Corp .Same-restaurant sales in North America rose 1.3 percent in the quarter. Analysts on average were expecting same-store sales to rise 1.8 percent, accordi...Read More

REFILE-Netflix, Amazon win new favor after Wall Street sell-off

February 21, 2018 / www.kitco.com

(Corrects to add word "of" in paragraph 8)By Noel RandewichSAN FRANCISCO, Feb 21 (Reuters) - Netflix Inc , Amazon.com Inc and technology companies poised to benefit from U.S. corporate tax cuts are attracting fresh attention on Wall Street after their shares shrugged off recent market turbulence.Amazon on Wednesday rose over 2 percent and touched $1,500 for the first time, while Netflix...Read More

Final Version Of Trans-Pacific Trade Deal Released, Rules Pushed By U.S. On Ice

February 21, 2018 / www.kitco.com

Charlotte Greenfield, Colin PackhamWELLINGTON/SYDNEY (Reuters) - The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States.More than 20 provisions have been suspended or changed in the final text ahead of the...Read More

CANADA STOCKS-TSX unofficially closes higher with most sectors up

February 21, 2018 / www.kitco.com

TORONTO, Feb 21 (Reuters) - Canada's main stock index unofficially closed higher on Wednesday, with nine of its 10 main sectors in positive territory.The Toronto Stock Exchange's S&P/TSX composite index rose 84.57 points, or 0.55 percent, at 15,524.01, its highest close since Feb. 2. (Reporting by Nichola Saminather; Editing by James Dalgleish) Disclaimer: The views expressed in this article...Read More

FOREX-Dollar rises as Fed minutes back more U.S. rate increases

February 21, 2018 / www.kitco.com

* Euro down, PMIs weaker than expected* Fed on track for a March rate hike (Updates prices, market activity; adds comments)By Saqib Iqbal AhmedNEW YORK, Feb 21 (Reuters) - The dollar rose to a more than one-week peak on Wednesday, extending its recovery from last week, helped by higher short-term Treasury yields, and as minutes of Federal Reserve's January meeting showed policymakers confident in...Read More

US STOCKS SNAPSHOT-Wall St gives up gains as Treasury yields climb

February 21, 2018 / www.kitco.com

NEW YORK, Feb 21 (Reuters) - U.S. stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve's January meeting pushed yields on the benchmark 10-year U.S. Treasury note to a four-year high. The Dow Jones Industrial Average fell 168 points, or 0.67 percent, to 24,796.75, the S&P 500 lost 14.87 points, or 0.55 percent, to 2,701.39 and the Nasdaq...Read More

SEC accuses former bitcoin stock exchange BitFunder of cheating users

February 21, 2018 / www.kitco.com

Feb 21 (Reuters) - The Securities and Exchange Commission (SEC) on Wednesday accused former bitcoin-denominated platform BitFunder and its operator of running an unregistered securities exchange and defrauding its users.BitFunder and its founder Jon Montroll allegedly defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on the platform that led to the t...Read More

Argentina sells $700 mln in Treasury notes

February 21, 2018 / www.kitco.com

BUENOS AIRES, Feb 21 (Reuters) - Argentina sold $700 million in Treasury notes to refinance maturing debt, the Finance Ministry said in a statement on Wednesday.The government sold $400 million in 126-day Treasury notes and $300 million in 203-day Treasury notes, for which it received $564 million and $302 million in orders, respectively.(Reporting by Caroline Stauffer, editing by G Crosse) Discl...Read More

TREASURIES-Yields climb as Fed minutes back multiple rate hike view

February 21, 2018 / www.kitco.com

* Treasury's auction of U.S. five-year notes saw average demand* Fed minutes show FOMC expectation of upside growth trajectory* U.S. 10-year hits four-year high* U.s. 30-year yields touch highest since July 2015 (Adds details on yield, corporate bond supply; updates prices in text, table)By Gertrude Chavez-DreyfussNEW YORK, Feb 21 (Reuters) - U.S. Treasury yields surged on Wednesday in choppy trad...Read More

GLOBAL MARKETS-Dollar higher, stocks flat after Fed confidence in rate course

February 21, 2018 / www.kitco.com

* U.S. dollar index turns negative, hits session low, recovers to one-week high* Euro slips, sterling down on unemployment data* Wall Street rises but then gives back gains on Fed confidence in rate setting course* U.S. Treasury 30-year yield hits highest since July 2015. (Updates throughout after Fed minutes; adds comment; adds settled oil prices)By Hilary RussNEW YORK, Feb 21 (Reuters) - The dol...Read More

Apple Stock Pops on Battery Buzz; One Retail Stock Plummets 26%

February 21, 2018 / www.schaeffersresearch.com

U.S. stocks have erased earlier gains, after the 10-year Treasury yield surged following the release of the latest Fed minutes. Among individual names making notable moves, FAANG stock Apple Inc. (NASDAQ:AAPL) and biotech TG Therapeutics Inc (NASDAQ:TGTX) are higher, whiletile manufacturer Tile Shop Holdings, Inc. (NASDAQ:TTS) is sinking. Here's a closer look at what shares of AAPL, TGTX, and TT...Read More

UPDATE 1-Fed policymakers show rising confidence on inflation, economic outlook -minutes

February 21, 2018 / www.kitco.com

(Adds market reaction, analyst comment)By Lindsay Dunsmuir and Jason LangeWASHINGTON, Feb 21 (Reuters) - The Federal Reserve's rate-setting committee showed more confidence in the need to keep raising interest rates at its last policy meeting, with most believing that inflation would perk up. The more upbeat take on inflation in the minutes of the Jan. 30-31 meeting released on Wednesday will lik...Read More

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