Shares of Clearside Biomedical Inc (NASDAQ:CLSD) are trading up 64.3% at $12.85 -- fresh off a 15-month high of $13.25, and on track for their biggest one-day gain ever. The drugmaker released positive topline data for its treatment on patients with macular edema associated with non-infectious uveitis, which is a build-up of fluid in the eye that negatively impacts vision.Heading into today's trad...Read More
Monster Beverage Corporation (NASDAQ:MNST) stock suffered a major pullback last week due to the company's poorly received fourth-quarter earnings results. The shares fell from $63.37 at the close on Wednesday to $54.16 by week's end, breaching the 200-day moving average for the first time in almost a year in the process. Deutsche Bank sees the weakness in MNST stock as a buying opportunity, howeve...Read More
LONDON (Reuters) - World shares slipped for the fifth straight day on Monday and emerging markets weakened sharply, hit by the prospect of a global trade war and political instability in Europe after Italy’s inconclusive weekend election.While most markets stabilized after sharp losses early in the day, assets considered low-risk - including gold, the yen and German bonds - remained in deman...Read More
Technology giant Apple Inc. (NASDAQ:AAPL) is making headlines amid reports it's working on a high-end version of noise-canceling, over-the-ear headphones, which could be launched as early as the end of this year. However, shares of the FAANG stock are trading 0.8% lower at $174.80 out of the gate today, as some speculators worry the headphones will cannibalize Apple's Beats by Dre line. Looking br...Read More
Mr. Christian Milau reportsEQUINOX GOLD AWARDS AURIZONA MINING CONTRACT TO U&M MINERACAO E CONSTRUCAO S/AA AND PROVIDES CONSTRUCTION UPDATE Equinox Gold Corp. has awarded the mining contract for its Aurizona gold mine in Brazil to U&M Mineracao e Construcao S/A. U&M is a Brazilian company with more than 40 years of mining contract experience offering earthworks, implementation, and ope...Read More
Mr. Christian Milau reportsEQUINOX GOLD AWARDS AURIZONA MINING CONTRACT TO U&M MINERACAO E CONSTRUCAO S/AA AND PROVIDES CONSTRUCTION UPDATE Equinox Gold Corp. has awarded the mining contract for its Aurizona gold mine in Brazil to U&M Mineracao e Construcao S/A. U&M is a Brazilian company with more than 40 years of mining contract experience offering earthworks, implementation, and ope...Read More
(Kitco News)- Australiangold production hit its highest level in almost two decades and new golddiscoveries and higher prices should help the nation maintain its position asthe second largest gold producer in the world, according to mining consultingfirm Surbiton Associates Pty Ltd.In a reportSunday, the firm said that Australian gold production rose to 301 tonnes in2017, its highest level since 1...Read More
ROME (Reuters) - Two anti-establishment leaders made early plays to govern Italy on Monday, sending ripples across the euro zone after voters relegated mainstream parties to the sidelines in delivering a hung parliament.With the bloc’s third-largest economy seemingly facing prolonged political instability, the anti-immigrant League claimed the right to rule after its centre-right alliance wo...Read More
MEXICO CITY (Reuters) - Ministers from the United States, Canada and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump’s proposed steep tariffs on steel and aluminum imports.Trump is expected to finalize the tariffs - 25 percent on steel and 10 percent on aluminum - later in the week, posing a tough challenge for U.S. Trade Repre...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
(Reuters) - Wall Street looked set to open lower on Monday as investors remained concerned about the increasing likelihood of a global trade war following President Donald Trump’s threat to impose hefty tariffs.Trump on Monday appeared to suggest that Canada and Mexico could win exemptions to the planned sweeping tariffs on steel and aluminum if the two countries sign a new NAFTA trade deal...Read More
Mr. Michael Williams reportsVENDETTA REPORTS METALLURGICAL TEST WORK AND DEMONSTRATES HIGH LEAD AND ZINC RECOVERIES AND CONCENTRATE GRADES FROM THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has completed the locked cycle flotation metallurgical testwork at the Pegmont lead-zinc project in Queensland, Australia. These results are from drilling in zones 2, 3 and the connecting Z fold.Highlights...Read More
Mr. Michael Williams reportsVENDETTA REPORTS METALLURGICAL TEST WORK AND DEMONSTRATES HIGH LEAD AND ZINC RECOVERIES AND CONCENTRATE GRADES FROM THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has completed the locked cycle flotation metallurgical testwork at the Pegmont lead-zinc project in Queensland, Australia. These results are from drilling in zones 2, 3 and the connecting Z fold.Highlights...Read More
U.S. stocks could remain under pressure today, with futures on the Dow Jones Industrial Average (DJI) trading below fair value. Investors are again monitoring threats of a trade war, amid conflicting tweets from President Donald Trump. While Trump tweeted over the weekend about a "Big trade imbalance!" with the European Union, this morning he said the import tariffs announced last week won't affec...Read More
LONDON (Reuters) - Investors sold shares in BMW (BMWG.DE) and Daimler (DAIGn.DE) on Monday after President Donald Trump said the U.S. may tax imports of European cars if the EU retaliates against his plan to impose tariffs on aluminium and steel.The United States is a big buyer of coupes, sports cars and sedans made by the German premium carmakers, such as Daimler’s Mercedes S-Class and BMW&...Read More
NAPLES, Fla. (Reuters) - Michael Korchmar was hiring. His family-owned travel-goods company was planning to make a new product, an insulated food bag, and he had put out help-wanted notices for up to 30 workers to run the sewing machines in his small factory on Florida’s Gulf Coast.Those plans are now on hold. The reason: a bill quietly moving through Congress that would temporarily reduce o...Read More
Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC), tells Proactive results for 2017 came in ahead of expectations in what he's termed a milestone year for the group.Revenue rose 18% to US$107.1mln in 2017 from US$90.4mln the year before, a tad ahead of the US$106mln predicted in a trading update two weeks ago.The bio-medical division, which accounted for 54% of revenue,...Read More
"The books for 2017 are closed, but as we move into 2018, loyal readers of Monday Morning Outlook are fully aware that the year-end closing levels on major equity, volatility, commodity, and currency benchmarks -- along with their related exchange-traded funds (ETFs) -- could serve as key potential support and resistance levels. This could be the case at least early in 2018, and maybe throughout t...Read More
(Reuters) - S&P 500 and Dow Jones Industrials futures pointed to a lower opening for Wall Street on Monday, tracking broad losses on world markets due to worries over Italy and concerns that President Donald Trump has launched a global trade war.The S&P 500 ended another rocky week on an upbeat note on Friday, but major indexes still posted their worst week of losses since early February a...Read More