(Reuters) - Wall Street gained late on Wednesday morning, ahead of an imminent U.S. interest rate hike, as Facebook Inc’s (FB.O) shares reversed course to trade higher and energy stocks got a boost from surging oil prices.Facebook shares gained 1.5 percent and provided some relief to the technology sector after two bruising days during which the social media company lost some $50 billion in...Read More
Civil libertarians and security researchers have long been concerned that otherwise inadmissible intelligence from the agency is used to build cases against Americans though a process known asRead full newsRead More
WASHINGTON (Reuters) - President Donald Trump will likely announce tariffs on Chinese imports by Friday, a source in the administration said, as the top U.S. trade diplomat told lawmakers he had the tools to strike back over Chinese theft of U.S. tech know-how.Reuters reported last week that the president could target up to $60 billion in imports from China. U.S. Trade Representative Robert Lighth...Read More
The Canadian Loonie and Mexican Peso jumped late on Tuesday after a report by the Globe and Mail that the U.S. government has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50% U.S. content.Read full newsRead More
New Cold War fears grow, and so do those defense budgets.Read full newsRead More
Deutsche Bank shares are down 6%, at their lowest since Nov 2016 (near post-crisis lows), after warning that euro strength and higher funding costs will weigh on revenue in the securities unit this quarter (just a week after the lender voiced optimism about the outlook for the year).Read full newsRead More
Global Energy Metal (OTCMKTS:GBLEF) CEO Mitchell Smith says the firm has significantly increased its cobalt footprint in Australia as it unveiled a deal to buy the district scale Mt. Isa cobalt projects.Smith says the real importance of this is it opens the opportunity to create a scalable cobalt district in the Mt. Isa region. Meet Wolf Minerals, Thor Mining PLC, Rainbow Rare Earths Limited...Read More
NEW YORK (Reuters) - The effects of the expected Federal Reserve interest rate hike on Wednesday will extend beyond corporate America to household budgets.Most people will see at least a minor impact on their credit card statements in the next few billing cycles, while those with adjustable-rate mortgages, home equity lines of credit, auto loans and other loans with variable rates of interest will...Read More
Micron stock touched a 17-year high last weekMicron Technology, Inc. (NASDAQ:MU) received another bullish brokerage note today, after BMO raised its price target to $63 from $43. The brokerage firm noted, "Memory industry fundamentals, especially for DRAM, remain strong." Despite the price-target hike, Micron is trading down 0.4% at $60.93 -- but could see volatile trading on Friday, with the chi...Read More
WASHINGTON (Reuters) - The U.S. Department of Homeland Security is prioritizing election cyber security above all other critical infrastructure it protects, the agency’s chief said on Wednesday, just months ahead of the November midterm elections.Homeland Security Secretary Kirstjen Nielsen said that her department was “prioritizing election efforts ... over all other critical infrastr...Read More
Three years after Mark Zuckerberg made Brian Action a billionaire, by paying $22 billion for WhatsApp, the messaging app's co-founder has a clear message for the billions of social media drones worldwide - #deletefacebook.Read full newsRead More
In response to Trump's trade wars, China is preparing to hit back with its own countertariff aimed at Trump's support base, including levies targeting U.S. agricultural exports from farmbelt states in retaliation to the mounting trade offensive from Washington.Read full newsRead More
Sareum Holdings Plc (LON:SAR) chief executive, Dr Tim Mitchell, talked to Proactive Investors' Andrew Scott about Sierra Oncology, which is the licence-holder for the Sareum-developed SRA737 cancer drug.Mitchell said he's heartened Sierra is more than doubling the size of two phase II clinical trials of the treatment (one underway, the other upcoming).He is also impressed by the methodology used b...Read More
(Kitco News)- Somegold investors were dealt a blow Wednesday, losing what could be a major ally,after famed Hedge Fund owner John Paulson shut down his firm’s gold fund.Accordingto Bloomberg, Paulson & Co. has returned client capital that was investedin its gold and special situation hedge funds. The move comes after the firmhas seen its assets plunge by almost $30 billion in the last fo...Read More
(Reuters) - A top investor in Tesla Inc (TSLA.O) and a major proxy adviser have offered opposing views on whether to support Chief Executive Elon Musk’s compensation arrangement at a special meeting of the electric car maker to be held Wednesday.The Silicon Valley billionaire’s proposed compensation award, valued at $2.6 billion, involves no salary or cash bonus but sets rewards based...Read More
The stock market is expecting a rate hike this afternoonThe Dow Jones Industrial Average (DJI) has overcome an early dip into the red to trade more than 100 points higher at the halfway point. Traders are awaiting the first Federal Open Market Committee (FOMC) policy announcement under new Fed Chair Jerome Powell this afternoon. While the stock market is expecting the central bank to lift its key...Read More
Apollo Minerals' (ASX:AON) Hugo Schumann talks Proactive Investors through the decision to acquire a 75% interest in the Aurenere tungsten-gold project in northern Spain.Schumann says the project's contiguous with their Couflens Project next door in France and provides an extension of strike along a highly prospective corridor for tungsten and gold. Meet Wolf Minerals, Thor Mining PLC, Rainb...Read More
WASHINGTON (Reuters) - U.S. home sales rebounded strongly in February, boosted by hefty gains in the South and West regions, but a chronic shortage of houses on the market remains an obstacle heading into the spring selling season.The National Association of Realtors said on Wednesday that existing home sales jumped 3.0 percent to a seasonally adjusted annual rate of 5.54 million units last month....Read More
(Kitco News) - The Goldman Sachs Commodity Index (GSCI) is a basket ofseveral major raw commodity futures prices, including grains, energies,international foods, metals and livestock, rolled into one composite index. Theindex is a good gauge of the general trend of the raw commodity sector. See onthe weekly GSCI chart that prices are still in an uptrend that began in early2016. In fact, recent pri...Read More
(Kitco News) - The Goldman Sachs Commodity Index (GSCI) is a basket of several major raw commodity futures prices, including grains, energies, international foods, metals and livestock, rolled into one composite index. The index is a good gauge of the general trend of the raw commodity sector. See on the weekly GSCI chart that prices are still in an uptrend that began in early 2016. In fact, recen...Read More