Vernalis plc (LON:VER) shares fell 0.12% to 4.25p in early afternoon trading as the pharmaceutical company put itself up for sale and began winding down its US operations.The AIM-listed firm announced that as part of the strategic review, it has decided to seek offers for the company and will begin to wind down its US commercial business with immediate effect.In the period through to the end of Se...Read More
Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed? Summary of the Survey The views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current level...Read More
(Reuters) - Online trading platform CMC Markets Plc said on Thursday it had launched contracts for differences (CFDs) and spreadbetting offerings for cryptocurrencies following significant interest from its users.CFDs and binary options are financial products that give an investor exposure to price movements in securities without actually owning the underlying assets such as a currency, commodity...Read More
Steve Holland, Doina ChiacuWASHINGTON (Reuters) - The United States slapped sanctions on Russian individuals and entities for U.S. election meddling and cyber attacks but put off targeting oligarchs and government officials close to President Vladimir Putin, prompting lawmakers in both parties to say President Donald Trump needs to do much more.With the United States under pressure to act, the act...Read More
(Reuters) - A pedestrian bridge spanning several lanes of traffic collapsed on Thursday at Florida International University in Miami-Dade County, trapping people and cars underneath the structure, with local media saying several people were killed.The bridge connects the university with the city of Sweetwater and was only opened days ago, CBS Miami reported. The channel showed footage of firefight...Read More
WASHINGTON (Reuters) - U.S. Special Counsel Robert Mueller has subpoenaed the Trump Organization for documents, including some related to Russia, the New York Times reported on Thursday, citing two people briefed on the matter.U.S. stock prices fell on the report, with the S&P 500 reaching session lows, while the dollar slipped against the euro and yen and yields on U.S. government debt moved...Read More
(Reuters) - Walmart Inc (WMT.N) was sued on Thursday by a former executive who accused the largest U.S. retailer of ignoring problems he uncovered in its e-commerce business, amid growing pressure from Amazon.com Inc (AMZN.O), and firing him in retaliation for his complaints.The plaintiff, Tri Huynh of Washington state, is seeking a variety of damages in his whistleblower lawsuit with the U.S. Dis...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Blackrock Gold Corporation (TSXV: BRC) ('Blackrock' or the 'Company') is pleased to announce that it has closed the non?EUR'brokered private placement that was announced on February 2, 2018, and March 6, 2018. The private placement was originally intended to raise $800,000 and amended to raise $1,300,000.Read full newsRead More
Why bulls may want to root for a 5 seed this yearMarch Madness is officially underway, with Round 1 games kicking off today. While many of us here at Schaeffer's are rooting for our hometown teams Xavier and University of Cincinnati, stock market bulls may want to root for a 5 seed this year, if history is any indicator. Below are S&P 500 Index (SPX) returns from April through December, depending...Read More
By Shree Kargutkar Volatility is backThe calm of equity markets across the world was rudely interrupted in February by a sudden spike in volatility which impacted virtually every asset class. Volatility across equities, bonds, currencies and commodities rose sharply during the month and remained elevated into March. For the month of February, gold equities declined 10.10%, while gold bullion fell...Read More
BRUSSELS (Reuters) - U.S. Commerce Secretary Wilbur Ross and European Trade Commissioner Cecilia Malmstrom have agreed to meet next week in an attempt to resolve a deepening dispute over trade tariffs, a European Commission source said on Thursday.Ross and Malmstrom spoke on the telephone on Thursday and discussed U.S. plans to impose import duties of 25 percent on steel and 10 percent on aluminum...Read More
Panasonic confirmed today that they started producing their first battery cells for electric cars in China.Read full newsRead More
Gold prices fell Thursday to post a two-week low, as a stable dollar sapped some demand for the precious metal, but persistent trade tensions supplied a floor for the haven asset. April gold GCJ8, -0.30% fell $7.80, or 0.6%, to settle at $1,317.80 an ounce, marking its lowest finish since March 1. Gold futures ended lower Wednesday after up-and-forth trading that has set prices up for a loss of ro...Read More
FCAU recently bounced from its 80-day moving average Fiat Chrysler Automobiles NV (NYSE:FCAU) notched a record high of $24.95 on Jan. 25, before pulling back during the broader stock market correction. These losses accelerated recently on concerns over President Donald Trump's tariffs on steel and aluminum. However, the shares are now trading near a trendline that has had bullish implications, a...Read More
Buyout speculation is circling FireEye again The Dow is higher this afternoon thanks to a rally in UnitedHealth (UNH) shares. Among individual names making notable moves are Chinese e-commerce monster Alibaba Group Holding Ltd (NYSE:BABA), cybersecurity stock FireEye Inc (NASDAQ:FEYE), and drug producer Akcea Therapeutics Inc (NASDAQ:AKCA). Here's a quick look at what's driving shares of BABA, FEY...Read More
The first quarter of 2018 saw volatility roar back into themarketplace creating massive uncertainty across all financial assets.Equity markets have fallen from their record highs asbitcoin has lost more than 50% of its value.It is time to hear from main street retail investors.Where are you putting your investment dollars for the rest of the year? What investment has the mostpotential in 2018 and...Read More
The first quarter of 2018 saw volatility roar back into the marketplace creating massive uncertainty across all financial assets.Equity markets have fallen from their record highs as bitcoin has lost more than 50% of its value.It is time to hear from main street retail investors. Where are you putting your investment dollars for the rest of the year? What investment has the most potential in 2018...Read More
The Canadian Dollar dropped, testing the lows of 2018, following CREA data showing existing home sales crashed to the lowest since 2013 and price appreciation slowed dramatically.Read full newsRead More