(Reuters) - Under Armour Inc (UAA.N) (UA.N) on Tuesday forecast a bigger-than-expected loss for the second quarter, taking the shine off first-quarter sales that topped Wall Street estimates, as the sportswear maker spends heavily on an overseas expansion.As growth at Under Armour’s North America business cools after years of double-digit increases in sales, the maker of Curry 5 basketball s...Read More

(Kitco News)- The gold market, which istrading at a four-month low is entirely at the mercy of the U.S. dollar, whichis seeing a surge in momentum, pushing to a four-month high, according to onecommodity analyst.Ole Hansen, head ofcommodity strategy at Saxo bank said in a report Monday that the two supportlevels he is watching very closely are $1,300 an ounce and then $1,280 anounce.“Multipl...Read More

The month hasn't been kind to one pair of auto stocksWhile healthcare stocks tend to be the best to own in the month of May, historically, motorcycle titan Harley-Davidson Inc (NYSE:HOG) and automaker Ford Motor Company (NYSE:F) tend to struggle. In fact, HOG sports the worst win rate for May of all S&P 500 stocks, with F stock not far behind. Below are the 25 worst stocks to own in May, looking...Read More

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Tuesday said building a next-generation 5G mobile network was a priority for the Donald Trump administration, boosting the argument behind wireless carriers’ Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) proposed deal.“I think the pitch that Sprint and T-Mobile are making is an interesting one, that their merger would prope...Read More

Erik Henau, Concepta PLC's (LON:CPT) chief executive, believes a more measured approach to its entry into the Chinese market will make progress smoother in future.Henau says it is been a steep learning curve in China, but the company has made major strides forward.More staff have been appointed in the country, while new operating procedures have led to 'huge improvements' in manufacturing and logi...Read More

WASHINGTON (Reuters) - Goldman Sachs (GS.N) on Tuesday agreed to pay the Federal Reserve $54.75 million to settle claims that the bank allowed foreign exchange traders to wrongly share information about investment positions.Goldman failed to catch forex traders who used chatrooms to discuss their positions on currency trades, the Fed said in a statement.“The firm failed to detect and address...Read More

(Reuters) - Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg said on Tuesday the social network is building a new privacy control called “clear history” to allow users to delete browsing history.Zuckerberg, in a post on his Facebook account, said he will discuss the feature at Facebook’s annual F8 conference which begins today."This feature will enable you to see the w...Read More

Rachel Stark from Cogress tells Proactive's Andrew Scott their key objective is to make investing in property developments more accessible to investors.''The only other real alternative is to find a developer yourself, carry out all the due diligence and then invest in a very large upfront payment''.''We have minimum investments from ?20k ... so that means you can diversify your portfolio more ea...Read More

(Kitco News) - Gold and silver prices are solidly down and have dropped to 4.5-month lows in early-afternoonU.S. trading Tuesday. Gold is struggling to hold above the very important$1,300.00 price level. The recent solid rally in the U.S. dollar index, whichhit a four-month high today, continues to squelch buyer interest in theprecious metals markets. Chart-based selling has also kicked in for gol...Read More

(Kitco News) - Gold and silver prices are solidly down and have dropped to 4.5-month lows in early-afternoon U.S. trading Tuesday. Gold is struggling to hold above the very important $1,300.00 price level. The recent solid rally in the U.S. dollar index, which hit a four-month high today, continues to squelch buyer interest in the precious metals markets. Chart-based selling has also kicked in for...Read More

BEVERLY HILLS, Calif (Reuters) - U.S. Commerce Secretary Wilbur Ross said the American economy is strong despite a range of uncertainties over global trade.There are “lots of clear signs” that the U.S. economy is doing “very, very well,” Ross said on stage Tuesday at the Milken Institute Global Conference in Los Angeles.Ross cited such factors as the “reshoring”...Read More

(Reuters) - U.S. stocks fell on Tuesday, dragged down by Pfizer results, tumbling oil prices and growing fears that tariffs and inflation would weigh on corporate profits.Data showed U.S. factory activity slowed for a second straight month in April, weighed down by shortages of skilled workers and rising capacity constraints, but strengthening global demand continued to support manufacturing.Howev...Read More

Put sellers have been active in recent weeksFireEye Inc (NASDAQ:FEYE) joins a busy line-up of earnings reports this week, with the cybersecurity firm slated to unveil its first-quarter results after tomorrow's close. The stock has a history of volatile earnings reactions, averaging a 10% next-day move over the past eight quarters, regardless of direction. This time around, the options market is pr...Read More

Egyptian billionaire Naguib Sawiris isn't your typical gold bug. The chairman of Orascom Telecom Media and Technology Holding S.A.E. told Bloomberg in an interview from Cairo this week that he sees gold GCM8, +0.06% surging up to $1,800 an ounce while the "overvalued" stock market hits the skids. At last check, gold was down almost 1% at $1,307 an ounce while the Dow DJIA, -0.27% and S&P S...Read More

Source: Michael J. Ballanger for Streetwise Reports 04/30/2018Precious metals expert Michael Ballanger discusses the gold and silver ratio."SHE-NAN-I-GANS"pronunciation: "SH?(TM)?^nan???(TM)nz/"Noun informal1. "secret or dishonest activity or maneuvering." as in "widespread financial shenanigans had ruined the fortunes of many"2. "silly or high-spirited behavior; mischief."To start off, I find...Read More

WASHINGTON, May 1 (Reuters) - The U.S. International Trade Commission said on Tuesday it has determined that U.S. industry is being harmed by steel wire rod imports from Italy, South Korea, Turkey, Spain and Britain.In a statement, the ITC said it had made an affirmative determination in its final phase antidumping and countervailing duty investigation of the imports.Reporting by David Alexander E...Read More

Apple is slated to report earnings after the closeThe Dow Jones Industrial Average (DJI) is down triple digits at midday, dragged lower by disappointing earnings from Pfizer (PFE) and Merck(MRK), while Boeing (BA) is dropping on plans to buy KLX Inc (KLXI). However, Apple (AAPL) stock is one of the few Dow stocks in the black, amid cautious optimism ahead of tonight's earnings release. Energy stoc...Read More

LONDON (Reuters) - Britain’s government agreed on Tuesday to order its overseas territories to make secretive company ownership information public to try to tackle corruption and tax avoidance.Overseas territories and crown dependencies have come under increasing pressure to reveal who is behind anonymously owned companies, with campaign groups saying such secrecy aids money laundering, tax...Read More

Teck Resources says that everything is going to plan at the new Fort Hills oilsands mine, with production now exceeding 50 percent of capacity just four months into commercial operations.The project, which is majority owned and operated by Suncor Energy, has nameplate capacity of 190,000 bbls/d. Official first oil occurred in January 2017.Teck, which holds approximately 21 percent stake in the pro...Read More

''It's a momentous occasion - the first time investors have had a glimpse inside Union Jack Oil's headquarters'', says David Bramhill.Chatting to Proactive's Andrew Scott in his usual relaxed yet informative style he says 2017 was a year of "considerable progress" for them.The onshore UK oiler's continued to grow its portfolio, both during and after the reporting period, and, Bramhill describes hi...Read More