Recent News

Trump says will talk to UK's May, will condemn Russia 'if we agree'

March 13, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump said the United States still needed to sort out the facts behind the nerve agent attack in Salisbury, England, that struck down a former spy, and would talk to British Prime Minister Theresa May later on Tuesday.Trump, speaking to reporters at the White House, acknowledged that British authorities have accused Russia in the attack on the former Ru...Read More

VW just gave Tesla a $25 billion battery shock

March 13, 2018 / www.mining.com

Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, ramping up pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3.The world's largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tues...Read More

UK ambassador to Russia: UK expects Russian explanation on nerve agent used in Salisbury

March 13, 2018 / www.kitco.com

MOSCOW (Reuters) - Britain’s ambassador in Moscow, Laurie Bristow, said on Tuesday Britain expected an explanation from Russia on how a nerve agent used in an attack on a former double agent came to be in Britain.“I reiterated the points made by Prime Minister May that we expect by the end of today an account from the Russian state as to how this material came to be used in Salisbury,&...Read More

Brady chief eyes recovery after root and branch overhaul

March 13, 2018 / www.proactiveinvestors.co.uk

Restructuring took its toll on this year's figures but Ian Jenks, Brady Plc's (LON:BRY) executive chairman, tells Proactive that streamlining is complete and the plan now is to grow sales and re-discover the group's tech mojo.A strong balance sheet will help, as will a rush of consolidation among its rivals.  Meet AusCann Group Holdings Ltd, Pacific American Coal Ltd, Kasbah Resources, Hazer...Read More

Options Traders Again Take Aim at 3D Systems Stock

March 13, 2018 / www.schaeffersresearch.com

3-D printing specialist 3D Systems Corporation (NYSE:DDD) has become a favorite stock for options traders due to its volatile trading history. Interest is again picking up with the company set to report earnings after the close on Wednesday, as DDD open interest currently stands in the 81st annual percentile. And not surprisingly, volatility expectations have been surging.Specifically, implied vol...Read More

5 Stocks to Buy for the Marijuana Megatrend

March 13, 2018 / www.schaeffersresearch.com

If you thought there was big potential for marijuana stocks last year, you haven't seen anything yet.Because 2018 is the year the marijuana megatrend is born!Previously, early investors in this industry speculated on no-name stocks and thinly-traded companies on little more than rumor. And while a well-timed trade could make you money, there were mammoth risks in marijuana stocks that meant plent...Read More

Peekaboo Announces Issuance of Convertible Unsecured Promissory Note

March 13, 2018 / kincommunications.com

Vancouver, BC - Peekaboo Beans Inc (TSX-V:BEAN) (the "Company" or "Peekaboo Beans"), announces that it has closed a private placement for current indebtedness of the Company owed to one subscriber for a convertible unsecured promissory note (the "Note"), subject to the approval of the TSX Venture Exchange. The Note has an outstanding principal amount of $184,722.17, accrues interest at a rate of...Read More

Samsung is said in talks for multi-year cobalt deal from Congo

March 13, 2018 / www.mining.com

(Bloomberg) - Samsung C&T Corp., an affiliate of the world's biggest smartphone maker, is in talks for a multi-year deal to buy cobalt from a Congolese miner, joining Apple Inc. in the global rush to secure supplies of the metal at the heart of the electric-car boom.Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in the Democratic Republic of Congo after only buy...Read More

Banks told to speed up work on 'risk free' Euribor alternative

March 13, 2018 / www.kitco.com

LONDON (Reuters) - Starting in 2020, banks won’t be allowed to use two interest rate benchmarks that have been discredited by allegations of fraud, a top European Union regulator said, putting pressure on the financial sector to find alternatives fast.The Euro Interbank Offered Rate (Euribor) and Euro Overnight Index Average (Eonia) are used to calibrate monetary policy, price 180 trillion e...Read More

CIA's Pompeo brings insider's touch to secretary of state role

March 13, 2018 / www.kitco.com

WASHINGTON (Reuters) - CIA Director Mike Pompeo, if confirmed as the next secretary of state, would bring a number of assets to his new role as the top U.S. diplomat: the confidence of President Donald Trump, government experience and an insider’s knowledge of Congress and the federal bureaucracy.Trump on Tuesday said he had selected Pompeo, a 54-year-old conservative Republican who has serv...Read More

StoneChecker goes ahead with 'game-changing' acquisition of Imaging Biometrics

March 13, 2018 / www.proactiveinvestors.co.uk

Medical services and software company Flying Brands Limited (LON:FBDU) has pulled the trigger on its proposed acquisition of Imaging Biometrics.Nick Stevens, chief executive of StoneChecker, which is part of the Flying Brands group, tells Proactive's Andrew Scott the deal's a 'game-changer' for them.''It's amazing, the result of a lot of hard work ... it's a tactical move but it's very much a stra...Read More

Gold Miners Benefiting From Weaker U.S. Dollar

March 13, 2018 / www.kitco.com

(Kitco News)- The GDX had another intra-day reversal to theupside Monday as the US dollar dipped back below 90 on the Cash Settle Index andgold held above $1320. Based on the trading action since the GDX had itssecond upside reversal after trading below critical support at $21, I believethe odds of a final flush before we break out of this 20 month consolidationare dwindling, so I will be placing...Read More

2 Drug Stocks Ripe For A Short Squeeze

March 13, 2018 / www.schaeffersresearch.com

Drug stocks Bellicum Pharmaceuticals (NASDAQ:BLCM) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are both trending higher this morning. Bellicum reported some encouraging interim drug data, while Sarepta was the subject of another bullish brokerage note. What's more, a short squeeze could add fuel to the fire for both BLCM and SRPT stocks.Positive Cancer Drug Data Boosts Bellicum StockBellicum st...Read More

Nasdaq Hasn't Done This in 4 Years

March 13, 2018 / www.schaeffersresearch.com

The Nasdaq Composite (IXIC) just wrapped up a seven-day winning streak, marking its longest since October. What's more, during this latest win streak, the Nasdaq has already gained 5.7% -- the first time it's generated a gain of more than 5% in seven consecutive up days since February 2014. However, if recent history is any indicator, the tech-rich index could be due to cool off soon.There were fi...Read More

Trump says looking at Kudlow 'very strongly' for top economic job

March 13, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday said he was considering conservative commentator Larry Kudlow“very strongly” to become his next top economic adviser.“We don’t agree on everything, but in this case, I think that’s good. I want to have a divergent opinion,” said Trump, noting he was also speaking with other candidates.“I think L...Read More

Nike Put Writers Benefit From Another Bull Note

March 13, 2018 / www.schaeffersresearch.com

Credit Suisse weighed in bullishly on athletic apparel stocks Nike Inc (NYSE:NKE) and Lululemon Athletica inc. (NASDAQ:LULU) after yesterday's close. The brokerage firm began coverage on NKE shares with an "outperform" designation and $78 price target, well above the security's Feb. 27 record high of $70.25. At last check, the blue chip was trading up 0.6% at $67.24, which is good news for a recen...Read More

DKS Stock Falls After Earnings Again as 4Q Sales Disappoint

March 13, 2018 / www.schaeffersresearch.com

Shares of retailer Dick's Sporting Goods Inc (NYSE:DKS) are falling after the company earlier reported fourth-quarter earnings that slightly topped estimates, though same-store sales and revenue that fell short. The company also stated that in order "to more closely align with industry practices," it will no longer offer quarterly outlooks.Overall, Dick'sstock has had a disappointing year, droppin...Read More

Britain gives Putin until midnight to explain nerve attack on former spy

March 13, 2018 / www.kitco.com

LONDON (Reuters) - Britain gave President Vladimir Putin until midnight on Tuesday to explain how a nerve agent developed by the Soviet Union was used to strike down a former Russian double agent who passed secrets to British intelligence.Sergei Skripal, 66, and his daughter Yulia, 33, have been in hospital in a critical condition since March 4 when they were found unconscious on a bench outside a...Read More

U.S. steel import curbs could scuttle India's export ambitions: minister

March 13, 2018 / www.kitco.com

NEW DELHI (Reuters) - India’s ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade.“Our exports have increased substantially, about 40 percent growth during January to December (2017),” Singh told Reuters in an interview on Tuesday.“What I foresee is that our exp...Read More

4 ETFs in Focus Ahead of March Options Expiration

March 13, 2018 / www.schaeffersresearch.com

It's been an eventful stretch for the stock market lately, with a remarkable nine-year rally in the Dow freshly marred by a rare streak of three straight 1% down days. The choppy price action and ramped-up volatility have rattled many investors right out of equities; etf.com data shows that the benchmark SPDR S&P 500 ETF Trust (NYSEARCA:SPY) registered net outflows in excess of $18 billion during...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok