Getty ImagesThe economy is still adding plenty of new jobs almost nine years after the end of the Great Recession. The numbers: The number of job openings in the U.S. surged in March to a record 6.55 million from 6.1 million, showing companies are still eager to add workers with the economy growing soundly almost nine years after the last recession. What happened: Professional and white-collar...Read More
GENEVA (Reuters) - The new U.S. ambassador to the World Trade Organization told the WTO’s membership on Tuesday that something had gone “terribly wrong” with judges at the world body and that China’s arguments showed Beijing was living in a fantasy.Addressing the WTO’s General Council for the first time, Dennis Shea said the WTO’s rules had substantial value and...Read More
WASHINGTON/PARIS (Reuters) - U.S. President Donald Trump is expected to announce on Tuesday that he is pulling out of the Iran nuclear deal, European officials said, after they struggled to persuade him that the accord has halted Iran’s nuclear ambitions.One senior European official closely involved in Iran diplomacy said U.S. officials had indicated late on Monday that Trump would withdraw...Read More
BEIRUT (Reuters) - The U.S. embassy in Beirut on Tuesday urged all parties in Lebanon to uphold the country’s policy of disassociation from foreign conflicts, as they looked ahead to the formation of a new government after parliamentary elections on Sunday.“We urge all parties to uphold Lebanon’s international obligations, including those contained in U.N. Security Council Resolu...Read More
WASHINGTON (Reuters) - U.S. job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers.Job openings, a measure of labor demand, increased by 472,000 to a seasonally adjusted 6.6 million, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOL...Read More
According to the Fed, inflation has "moved close to its 2 percent" target.This is officially the longest and tightest (in percentage terms) gold price consolidation since the December 2015 bottom.Miners may be hinting that gold will hold its present support level and resolve higher without dipping back into the $1,200s again.By Christopher Aaron This Wednesday's Federal Reserve meeting came and we...Read More
BEIJING (Reuters) - China’s exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a heated trade dispute with the United States.Imports in April also grew more robustly than anticipated, signaling China’s domestic demand is holding up well, good n...Read More
LONDON (Reuters) - A revival in European steel is at risk from U.S. President Donald Trump’s move to impose tariffs on imports, Eurofer said as it raised its 2018 forecast for apparent steel consumption.The consumption figure, which excludes the impact of inventory changes, is set to grow by 2.3 percent, above a previous forecast of 1.9 percent, the European steel association said on Tuesday...Read More
Snap stock fell to a record low last ThursdaySnap Inc (NYSE:SNAP) stock is rallying this morning, up 4.6% to trade at $11.23. The boost comes after the company tapped former Amazon (AMZN) executive Tim Stone to replace Andrew Vollero as chief financial officer (CFO). Stone was a key member in coordinating the merger between Amazon and Whole Foods last year, the shift follows last week's dismal e...Read More
Both names are on the short-sale restricted list todayAralez Pharmaceuticals Inc (NASDAQ:ARLZ) this morning reported a wider-than-expected first-quarter loss, withdrew its guidance, and said it was suspending all U.S. operations to shift sole focus to its Canadian business. The maker of Toprol-XL also warned it could run out of cash over the next 12 months. In reaction, ARLZ stock have plummeted 5...Read More
By David Byers, Interim Chief Executive, Minerals Council of AustraliaThe 2018-19 Budget's economic and fiscal outlook is once again heavily reliant on strong growth in resources exports and a significant contribution by the mining sector to rising government tax receipts.With resources accounting for a record $207 billion in exports in 2017 - more than half Australia's total export earnings - it...Read More
(Kitco News)- With gold stuck in a rut, now might be the time to take some moneyoff the table on profitable positions in mining companies, according to CNBCand TheStreet.com’s Jim Cramer.Monday, during Mad Money’s lighting round, Cramer gave his take onKirkland Lake Gold (NYSE: KL, TSX: KL). He recommended to the caller to takesome profits.“I just don’t see gold going anywh...Read More
LUBIN, Poland, May 8 (Reuters) - One of the world's biggest copper miners, KGHM Polska Miedz SA, expects this year's consolidated net profit to match or exceed last year's result despite lower capacity, acting Chief Executive Officer Rafal Pawelczak said on Tuesday.Last year group's net profit amounted to 1.57 billion zloty ($434.58 million), but this year the company had to close one of its produ...Read More
LUBIN, Poland, May 8 (Reuters) - One of the world's biggest copper miners, KGHM Polska Miedz SA, expects this year's consolidated net profit to match or exceed last year's result despite lower capacity, acting Chief Executive Officer Rafal Pawelczak said on Tuesday.Last year group's net profit amounted to 1.57 billion zloty ($434.58 million), but this year the company had to close one of its produ...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said he will discuss trade with Chinese President Xi Jinping on Tuesday, as both sides continue talks after failing to reach a consensus at talks in Beijing last week.Trump announced the planned telephone call in a post on Twitter, just days after a U.S. delegation returned from discussions in Beijing last week with no agreement on a long list of...Read More
FRANKFURT/BRUSSELS/PARIS (Reuters) - Europe’s General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web.There’s one problem: many of the regulators who will police it say they aren’t ready yet.The pan-EU law comes into effect this month and will cover companies that collect large amounts of customer data incl...Read More
OTTAWA, May 8, 2018 /CNW/ - The Mining Association of Canada (MAC) has awarded Vale's Sudbury Operations in Ontario and IAMGOLD's Essakane Gold Mine in Burkina Faso with TSM Excellence Awards for their innovative sustainability projects. The companies were recognized with the awards yesterday at the CIM Awards Gala in Vancouver."We congratulate Vale and IAMGOLD for their outstanding projects. Toge...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump will announce on Tuesday whether he will pull out of the Iran nuclear deal or stay in and work with European allies who have struggled to persuade him that it has halted Iran’s nuclear ambitions.Trump has consistently threatened to pull out of the 2015 agreement because it does not address Iran’s ballistic missile program or its role i...Read More
The stock has moved back below the 200-day moving averageCar rental stock Hertz Global Holdings Inc (NYSE:HTZ) is trading significantly lower this morning, after the company reported a larger-than-expected first-quarter loss. Down 9% at $20.09 at last check, HTZ has fallen below the 200-day moving average, with the shares moving back into the red on a year-to-date basis. Ahead of earnings, options...Read More
(Reuters) - Walmart Inc’s (WMT.N) online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer’s ambitions to challenge Amazon.com Inc (AMZN.O) head-on with speedy delivery of groceries to people’s homes.The end of the Walmart partnerships, which has not been previously reported and was co...Read More