WASHINGTON (Reuters) - U.S. President Donald Trump will meet 10 major automakers at the White House on Friday to discuss the fate of landmark fuel efficiency standards and a looming confrontation with California and other major states.A draft proposal circulated by the U.S. Transportation Department would freeze requirements at 2020 levels through 2026, but the administration is not expected to fo...Read More

Joshua Roberts/BloombergSt. Louis Fed President James Bullard After a difficult decade, workers now have the same leverage as employers, and the Federal Reserve shouldn't undercut them, St. Louis Fed President James Bullard said Friday. "This is an appropriate situation that the Fed should not disturb," Bullard said in a speech to the Chamber of Commerce in Springfield, Mo. In a press conference...Read More

NEW DELHI, May 11 (Reuters) - India's thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources.India's rising coal imports are contributing to higher demand across Asia this year, which has pushed benchmark...Read More

   •  Builds on this week’s rebound from 200-DMA amid a follow-through USD weakness.   •  Retracing US bond yields/reviving safe-haven demand provide an additional boost. After an initial dip to $1318 area, gold regained positive traction and has now risen to its highest level in over two-weeks.  A combination of supportive factors helped the prec...Read More

By Amrith Ramkumar and David Hodari A declining dollar boosted gold and other metals for the second straight session Friday. Gold for June delivery added 0.1%, to $1,323.60 a troy ounce, on the Comex division of the New York Mercantile Exchange. Prices have stayed between about $1,305 and $1,360 this year, moving within that range based on swings in the U.S. currency, worries about higher intere...Read More

HONG KONG/BEIJING (Reuters) - China’s central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday.The central bank’s surprising cut in reserve requirement ratios (RRR) on April 17 and growing fears of a trade war with the United States have fanned market expectations of lo...Read More

LONDON (Reuters) - British regulators and Barclays (BARC.L) have fined the bank’s Chief Executive Jes Staley a combined 1.1 million pounds ($1.5 million) after he tried to identify a whistleblower who sent letters criticizing an employee of the bank.The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority said on Friday they had together fined Sta...Read More

PARIS, May 11 (Reuters) - Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL Natural Resources Investment Fund, without disclosing financial details.The metals b...Read More

PARIS, May 11 (Reuters) - Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL Natural Resources Investment Fund, without disclosing financial details.The metals b...Read More

Concerns raised by an ex-employee initiated the probeShares of Symantec Corporation (NASDAQ:SYMC) are down 32.4% to trade at $19.72, fresh off a 23-month low of $18.85. The Norton antivirus software parent said its financial results and guidance could be adjusted pending an internal audit initiated by concerns flagged from a former employee -- though no further details were given. And while the co...Read More

LONDON (Reuters) - After the financial crisis rocked the framework of monetary policy, rate setters took to giving “forward guidance” to steady the ship, but the recent experience of British and Japanese central banks suggests it doesn’t guarantee a smooth journey.Just a few weeks ago markets and economists were convinced the Bank of England was all set to hike interest rates on...Read More

WASHINGTON (Reuters) - Mexico’s Economy Minister Ildefonso Guajardo said on Friday that there will be a trilateral NAFTA meeting at 1 p.m. Eastern Time with his U.S. and Canadian counterparts, even as he warned against rushing a new deal.“I have to make very clear (that) the quality of the agreement and the balance of the agreement has to be maintained. So we are not going to sacrifice...Read More

(Bloomberg) - Glencore Plc and former partner Dan Gertler are trying to settle a dispute over unpaid royalties at a key Congolese copper mine, according to two people with knowledge of the matter.A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution, according to the people, who declined to be identified, because the negotiations aren't pu...Read More

The numbers: The University of Michigan's consumer sentiment index was unchanged at 98.8 in the early May reading. What happened: While overall sentiment was unchanged, there was some movement within the Michigan index. Consumers' views of the current situation slipped 1.6 points, while the expectations component gained 1.1 points. Economists had forecast a reading of 99. More important was a...Read More

Mr. Jim Payne reportsDYNACERT OFFICIAL LAUNCH OF HYDRAGENTECHNOLOGY IN MIDDLE EASTDynaCERT Inc. has provided an update. Middle East Following the global launch of DynaCERT new HydraGEN products at the TruckWorld trade show in Toronto (please see press release of April 20, 2018), DynaCERT is fostering its global recognition in carbon emission reduction technology with its launch of HydraGEN in Dub...Read More

Mr. Jim Payne reportsDYNACERT OFFICIAL LAUNCH OF HYDRAGENTECHNOLOGY IN MIDDLE EASTDynaCERT Inc. has provided an update. Middle East Following the global launch of DynaCERT new HydraGEN products at the TruckWorld trade show in Toronto (please see press release of April 20, 2018), DynaCERT is fostering its global recognition in carbon emission reduction technology with its launch of HydraGEN in Dub...Read More

Breaking down a low-risk/high-reward version of the long strangleVolatility can be a serious headache for a stock trader. Fortunately, the beauty of options is that there are severalstrategies that allow traders to capitalize off wild price swings. The long guts strategy, or the in-the-money strangle, is one such strategy: it allows bullish or bearish speculators to maintain a directional bias and...Read More

(Reuters) - Wall Street indexes opened little changed on Friday as losses in Symantec and Nvidia offset gains in healthcare and telecom sectors.The Dow Jones Industrial Average .DJI rose 19.11 points, or 0.08 percent, at the open to 24,758.64. The S&P 500 .SPX opened lower by 0.37 points, or 0.01 percent, at 2,722.70. The Nasdaq Composite .IXIC dropped 11.01 points, or 0.15 percent, to 7...Read More

The brokerage firm downgraded the retail stock and lowered its price targetDepartment store chain Kohl's Corporation (NYSE:KSS) is trading lower this morning, after receiving a downgrade to "neutral" from "outperform" and a price target cut to $64 from $72 from Credit Suisse. Analyst Michael Binetti said near-term risks could translate into a tough 2018 for the retailer, including weather-related...Read More

Analysts remain mostly bullish on the biotech stockHalozyme Therapeutics, Inc. (NASDAQ:HALO) stock is down 9.3% to trade at $18.12 this morning, after the biotech company reported first-quarter revenue short of analysts' forecasts, as well as a weaker-than-expected full-year guidance. In response, Halozyme was downgraded to "underweight" from "equal weight" at Barclays.HALO stock is now on trac...Read More