(Bloomberg) - Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense.Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online, according to four...Read More
Fellow FAANG names Facebook and Google will also report next weekEarnings season hits high gear next week, with big names from virtually every sectorset to step up to the plate. Boeing (BA), Caterpillar (CAT), Coca Cola (KO), and Verizon Communications (VZ) are among the blue chips due up. FAANG names Alphabet (GOOGL), Amazon.com (AMZN), and Facebook (FB) will also report, and we'll also hear...Read More
BOSTON (Reuters) - BlackRock Inc (BLK.N) on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance.The world’s largest asset manager made the call in a letter to index provider MSCI, which had sought comments about a proposal it is considering to adjust the index weigh...Read More
Today Zinc Mini Call – SELL ZincMini April at CMP 215.20 for Target 214.20 – 213.20 with S L Above price 216.40AFTER POST CONTENT Read More
(Kitco News) - Gold prices were moderately lower in midday U.S. trading Thursday, on some profit-taking from the shorter-term futures traders following gains scored earlier this week. Some chart consolidation was also featured amid a quieter world marketplace late this week. Silver prices were trading near steady this afternoon, but hit another 2.5-month high overnight. The current technical pos...Read More
(Kitco News) - Gold pricesweremoderately lower in midday U.S. trading Thursday, on some profit-taking fromthe shorter-term futures traders following gains scored earlier this week. Somechart consolidation was also featured amid a quieter world marketplace latethis week. Silver prices were trading near steady this afternoon, but hitanother 2.5-month high overnight. The current technical postures...Read More
WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company’s planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.Bewkes told Judge Richard Leon, who will decide if the $84.5 billion deal may go forward, that the U.S. Justice Department was wrong to say that AT&T...Read More
Today Copper Intraday – Copper Mcx SELL Call 63a given at price 462.20 CMP 460. Low risk taker book 2.2 x 2 lot = 4.40 Points63a : Today Copper Call - SELL Copper at CMP 462.20 for Target 458 - 457 with SL Above price 465.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - If you ever played Candy Crush on your phone, then one Wall Street analyst’s analogy might ring very true, which compares cryptocurrencies to tokens in the popular online game.“As any player of online games can attest, the goal of most games is to win coins, tokens, jewels, or the like that are helpful in reaching new levels in the game,” Richard Bernstein, chief e...Read More
(Kitco News) - If you ever played Candy Crush on your phone, then one Wall Street analyst’s analogy might ring very true, which compares cryptocurrencies to tokens in the popular online game.“As any player of online games can attest, the goal of most games is to win coins, tokens, jewels, or the like that are helpful in reaching new levels in the game,” Richard Bernstein, chief e...Read More
Intel and Procter & Gamble are the worst Dow performers todayStocks are stuck in reverse following the latest round of corporate earnings. While an earnings-induced bull gap from blue chip American Express (AXP) briefly had the Dow Jones Industrial Average (DJI) in positive territory, the index was last seen below breakeven, weighed down by pullbacks from Apple (AAPL) and Procter & Gamble (PG). Th...Read More
Gold has no shortage of investor worries to support its safety demand.Biggest worry of all is Mideast tensions which have boosted oil price.Gold should follow oil's impressive rise in the intermediate term.As if investors didn't have enough to worry about already, Wednesday provided them with yet another one. A strong performance in the crude oil market underscored the ongoing geopolitical ten...Read More
LONDON (Reuters) - Former Goldman Sachs chief economist Jim O’Neill - best known for coining the BRICs acronym for the fast-growing economies of Brazil, Russia, India and China - will chair British foreign policy think tank Chatham House.O’Neill chaired Goldman Sachs’s asset management arm between 2010 and 2013 at the end of a long career at the investment bank.Prime Minister Dav...Read More
NEW YORK (Reuters) - Oil prices hit highs not seen since 2014, with U.S. crude edging closer to $70 a barrel, after OPEC producers told Reuters the inventory overhang has largely disappeared and as top exporter Saudi Arabia aims to push prices even higher.Traders said speculators continue to bet on further upside, expecting potential supply disruptions and further drawdowns, driven by strong deman...Read More
TODAY COPPER CALLToday Copper Call – SELL Copper at CMP 462.20 for Target 458 – 457 with SL Above price 465.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
The apparel stock has added roughly 11% in 2018, but short interest keeps risingUnder Armour Inc (NYSE:UAA) is lower today, down 0.4% to trade at $16.03. The stock has struggled to breakout in 2018, consolidating mostly within the $16-$18 range since its earnings-induced bull gap in February. If past is precedent, though, it could be time to bet on Under Armour's next leg higher, as it recently a...Read More
LONDON, April 18 (Reuters) - The shocks from the imposition of U.S. sanctions on Oleg Deripaska and his UC Rusal aluminium empire are still rolling through the market.After Rio Tinto last week flagged it was declaring force majeure on some raw material contracts, it warned today of potential "adjustments" to its aluminium guidance this year due to the sanctions.Some of Japan's major trading houses...Read More
(Kitco News) - Gold prices are trading moderately lower and have hit their sessionlows in late-morning dealings Thursday. Early losses were extended, as someprofit-taking is featured by the shorter-term futures traders, following thisweek's gains. The U.S. dollar index has also firmed up today and is trading atits daily high, which is also a negative for the precious metals markets. Junegold was...Read More
Baird raised its FSLR price target overnightFirst Solar, Inc. (NASDAQ:FSLR) topped out at a six-year high of $77.25 earlier, after Baird raised its price target on the solar stock to $85 from $82. And while FSLR shares have since turned lower amid broad-market headwinds -- down 3% to trade at $75.52 -- they are holding above the $74-$75 region, which has been a stiff ceiling for the shares since 2...Read More
Lead mcx – Lead May Tips id 638 given at price 157.90 CMP 158.30. EXIT here with Micro profit.638 : Mcx Lead - BUY Lead May at CMP 157.90 for Small Target 158.70 with SL below price 157.20AFTER POST CONTENT Read More