Recently, a new piece of legislation has been introduced by Republican Congressman from West Virginia Alex Mooney "to define the dollar as a fixed weight of gold."Read full newsRead More
Kane Biotech (TSX-V:KNE, OTCQB:KNBIF) CEO Mark Ahrens-Townsend tells Proactive Investors that the technology company, engaged in the development and commercialization of products that prevent and remove microbial biofilms, is looking to expand into Europe, and potentially further.Ahrens-Townsend says the company licensed two of their technologies to U.K.-based company Dechra Pharmaceuticals for di...Read More
(Kitco News) - Stocks were higher Monday as White House Economic Advisor,Larry Kudlow continued to soften the White House’s tone regarding traderelations, noting the intention is not to enter a trade war.When pressed on the free trade topic, tech billionaire MarkCuban said the tariff talks are just another example of taming Trump. “I’ll tell you what this reminds me of: there are...Read More
(Kitco News) - Stocks were higher Monday as White House Economic Advisor, Larry Kudlow continued to soften the White House’s tone regarding trade relations, noting the intention is not to enter a trade war.When pressed on the free trade topic, tech billionaire Mark Cuban said the tariff talks are just another example of taming Trump. “I’ll tell you what this reminds me of: there...Read More
By James Marson and Scott Paterson MOSCOW -- Shares in United Co. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U.S. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Investors sold off Rusal shares in Hong Kong amid uncertainty over how the sanctions may affect the company's ability to tra...Read More
(Kitco News)- While investment demand has picked up in the global goldmarket, physical demand remains lackluster as seen in Dubai, the world’sepicenter of the bullion market.The struggling physical market was a key topic amongparticipants during the seventh annual Dubai Precious Metals Conference. ChanduSiroya Vice Chairman, Dubai Gold & Jewellery Group noted that physical golddemand has...Read More
* CEO says company able to go it alone on copper/golddiscovery Ecuador riskier than Chile, much less explored By Barbara LewisSANTIAGO, April 9 (Reuters) - SolGold has receivedadvances from a dozen big miners, including BHPand Vale , for its copper and gold discovery inEcuador, an executive said on Monday, but has rejected them todevelop the project alone.SolGold bucked a trend of a lack of new di...Read More
Despite steep 2018 deficits, analysts maintain mostly "buy" ratings on the biotechsThe U.S. stock market has rebounded sharply from last Friday's sell-off, as tariff tensions between Washington and Beijing once again recede. Among individual stocks making big moves are skin specialist Menlo Therapeutics Inc (NASDAQ:MNLO), Nuplazid parent ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), and gene therapy...Read More
Click the following link to watch video: Source: Reuters InsiderDescription: Facebook Chief Executive Mark Zuckerberg meets with DemocraticSenator Bill Nelson on Capitol Hill a day before he is scheduled to testify toCongress. Rough Cut (no reporter narration)Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The auth...Read More
(Adds context, background)By Amanda BeckerWASHINGTON, April 9 (Reuters) - The massive tax cuts signedinto law in December, which Republicans said would pay forthemselves, will balloon the U.S.deficit in years ahead, theCongressional Budget Office said on Monday, possibly hobblingPresident Donald Trump's future agenda.The deficit - the amount that Washington's spending exceedsits revenues - will ex...Read More
* USD/JPY has broken 100-HMA support by the 106.90 Ldn low * CBO's worrisome US budget forecasts take toll* Pair was a rare USD gainer earlier today, falls into line * 106.71 up trendline from Tues's low cracks, 200-HMA 106.62 * Bearish daily Cloud, 50% Fibo and 55-DMA rejections weigh * Daily Kijun and last week's low at 106.02/5.66 next props Disclaimer: The views expressed in this article are...Read More
PeerStream Inc (OTCMKTS:PEER) CEO Alex Harrington tells Proactive Investors the computer software and social media company signed their first client, ProximaX, potentially bringing in US$10mln in service fees.Harrington says PeerStream will license its PeerStream Protocol technology and integrate it into ProximaX to supply the multimedia streaming and communications application layer. Meet C...Read More
AfriTin Mining Ltd (LON:ATM) gained as it signed a non-binding memorandum of understanding with MRI Trading for an artisanal buying operation for tin concentrate in Namibia.The two companies aim to explore the possibility of sourcing cassiterite concentrate from local artisanal miners to establish early cash flows, AfriTin said.AfriTin and MRI will also look at establishing a buying station for th...Read More
* Trump could seek coalition on China trade, adviser says * China's president to address key conference on Tuesday * Merck shares jump after positive cancer-drug trial * Indexes up: Dow 1.47 pct, S&P 1.49 pct, Nasdaq 1.66 pct (Updates to late afternoon, changes byline, adds dateline NEWYORK)By April JoynerNEW YORK, April 9 (Reuters) - Wall Street's major indexesrose more than 1 percent each on...Read More
WASHINGTON (Reuters) - U.S. farmers will be protected by the Trump administration during rising trade tensions between the United States and China, Agriculture Secretary Sonny Perdue said on Monday.“We’re not going to allow agricultural producers to bear the brunt of Chinese retaliation as we defend our own interests,” Perdue said during a speech to the National Rural Electric Co...Read More
* Dollar index slips to lowest since March 28 * Stock volatility no big factor for ECB so far: Draghi (Updates market action)By Saqib Iqbal AhmedNEW YORK, April 9 (Reuters) - The dollar fell against abasket of currencies on Monday, on persistent worries about apotential trade conflict between the United States and China andas the euro rose following comments from European Central BankPresident Mar...Read More
Analysts are upbeat toward the tech nameAlphabet Inc (NASDAQ:GOOGL) received some bullish analyst attention over the weekend, with Barron's calling the Google parent (subscription required) a "bargain in big tech," and noting that traders aren't pricing in the company's upbeat growth outlook on concern's Facebook's data scandal could result in increased government scrutiny. The expectations for...Read More
China is considering devaluing the yuan in order to gain an edge in the trade war. Gold is trading near daily highs close to the $1,333.80 resistance. Gold is trading at around $1,332.94 virtually unchanged on Monday as the trade war escalation between the US and China intensify. China announced that it is evaluating the potential effect of a progressive yuan devaluation in order to gain a compe...Read More
Five Healthcare giants, including insurers, are teaming up to for a pilot project to use blockchain to improve healthcare data.Despite the fact that they are competitors in this space, Humana, MultiPlan, Optum, Quest Diagnostics and UnitedHealthcare announced that this new blockchain-infused proje...Read full newsRead More
By Karen BrettellApril 9 (Reuters) - The forward curve of swaps based onFederal Reserve rate expectations has inverted slightly,indicating that market participants are concerned about the U.S.central bank making a policy mistake, analysts at JPMorgan saidin a report.The forward curve of the one-month overnight index swap(OIS) rate has inverted slightly after the first quarter of2020, implying an e...Read More