MONTREAL (Reuters) - Canadian Prime Minister Justin Trudeau on Monday kicked off a tour of the nation's steel and aluminum regions to reassure workers worried that the United States could still introduce tariffs on the imports of the metals.Trudeau's first stop was the province of Quebec, the heart of Canada's aluminum industry, where he will be accompanied by Quebec Premier Philippe Couillard. He...Read More
On Monday copper for delivery in May declined nearly 1% on the Comex market in New York at $3.1095 per pound or $6,855 a tonne amid a general weakness on commodity and financial markets gripped by uncertainty surrounding the Trump administration's trade policies and the strength of demand from China, the globe's number one metals consumer.That's a 2.4 billion pound or $7.6 billion decline from rec...Read More
Francois Martelet, chief executive of NetScientific PLC (LON:NSCI), tells Proactive's Andrew Scott they're starting 2018 in a very strong position.''Out of our five companies, three of them are at an early commercial stage''.As far the broader strategic plan for 2018, he says the main focus is to continue helping the current portfolio to mature'We're also looking at having new investors and the se...Read More
Facebook Inc (NASDAQ:FB) was in the news recently, after inking an exclusive streaming partnership with Major League Baseball last week. Also making headlinesis Microsoft Corporation (NASDAQ:MSFT), in focus after Deutsche Bank raised its price target to $120 from $115. Meanwhile, options volume for both big-cap tech stocks has been hot in recent weeks.Both FB and MSFT stocks landed on Schaeffer's...Read More
Last week's other top-performing resource stocks on the TSX were Nickel Creek Platinum, Alexco Resource, Sherritt International Mining and Red Eagle Mining.Read full newsRead More
(Kitco News)- The goldmarket could struggle to attract buyers in the near-term as markets focus onthe impending Federal Reserve interest rate hike next week, but one investmentfirm sees the potential for the yellow metal in the second half of the year asfocus turn to a lackluster U.S. dollar.In a recentinterview with Kitco News, Maxwell Gold, director of investment strategy andresearch at ETF Secu...Read More
(Kitco News) - The gold market could struggle to attract buyers in the near-term as markets focus on the impending Federal Reserve interest rate hike next week, but one investment firm sees the potential for the yellow metal in the second half of the year as focus turn to a lackluster U.S. dollar.In a recent interview with Kitco News, Maxwell Gold, director of investment strategy and research at E...Read More
Universal mCloud (CVE: MCLD) CEO Russ McMeekin tells Proactive Investors it has now completed the purchase of NGRAIN, which uses artificial intelligence to assist in damage assessment in the insurance, aerospace, and defense industriesThe acquisition will now enable mCloud to go live in Q2 with NGRAIN's AI-powered damage assessment technology, deploying drones to inspect wind turbine blades for da...Read More
Payrolls-related tailwinds helped boost the Dow Jones Industrial Average (DJI) to a triple-digit lead in early trading, but the lingering optimism toward last Friday's jobs data has since evaporated. At last check, Dow was down more than 100 points -- pressured by big drops for Boeing (BA) and Intel (INTC) -- while the S&P 500 Index (SPX) has also turned lower. Meanwhile, the Nasdaq Composite (IXI...Read More
(Kitco News)- Gold prices have recovered some of their early losses inlate-morning trading Monday. The yellow metal got a slight lift as the U.S.dollar index dropped to its session low and is trading modestly down on theday. Also, the U.S. stock indexes have backed way off their daily highs, whichis also supportive to the gold and silver markets. April gold was last down$4.90 at $1,319.10.By Jim W...Read More
(Kitco News) - Gold prices have recovered some of their early losses in late-morning trading Monday. The yellow metal got a slight lift as the U.S. dollar index dropped to its session low and is trading modestly down on the day. Also, the U.S. stock indexes have backed way off their daily highs, which is also supportive to the gold and silver markets. April gold was last down $4.90 at $1,319.10....Read More
Netflix, Inc. (NASDAQ:NFLX) hit a record high on Friday, but today the shares are trading 2.1% lower at $324.62, after Citron Research in a tweet said "the stock can be shorted back to $300. Content spend unsustainable long term." While this price target represents a nearly 8% pullback from current levels, NFLX was trading below $300 as recently as last Monday. Short interest on Netflix is actuall...Read More
(Bloomberg) - Sherritt International Corp. has been approached by investors seeking to buy a share of its cobalt production as a way of gaining exposure to the red-hot battery metal, the Canadian miner's chief executive officer said.Cobalt is rapidly becoming an investor darling as expectations of a shortage driven by the growth of electric vehicles have helped the price more than triple in 18 mo...Read More
Mick Billing, executive chairman at Thor Mining PLC (ASX:THR), (LON:THR) tells Proactive's Andrew Scott they've decided to focus solely on their tungsten and copper interests in Australia and the US - Pilot Mountain, Molyhil and Kapunda.Thor has around ?1.6mln of cash in the bank which he reckons will be enough working capital to carry out their planned activities into 2019. Meet AusCann Gr...Read More
BELGRADE, March 12 (Reuters) - China's Zijin Mining Group Co. Ltd. has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade.President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest several hundred million dollars in the business, his office said...Read More
BELGRADE, March 12 (Reuters) - China's Zijin Mining Group Co. Ltd. has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade.President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest several hundred million dollars in the business, his office said...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Shares of semiconductor concern Intel Corporation (NASDAQ:INTC) are slightly lower following a Wall Street Journal report suggesting the company is considering making an offer to buy Broadcom (AVGO), providing yet another twist in the latter firm's pursuit of Qualcomm (QCOM). Intel responded with a statement downplaying the M&A buzz, saying it's instead focused on integrating its previous acquisit...Read More
RBC raised its price target on shares of Freeport-McMoRan Inc (NYSE:FCX) to $22 from $18 -- representing expected upside of more than 19% to Friday's close at $18.43, and sitting in territory not seen since May 2015. While FCX stock has dropped 0.2% in early trading to hover near $18.39, the brokerage firm's upbeat outlook is likely in response to the equity's longer-term uptrend. Specifically, th...Read More
Toy stocks Hasbro, Inc. (NASDAQ:HAS) and Mattel, Inc. (NASDAQ:MAT) both gapped lower last week on the liquidation plans ofToys 'R' Us. Over the weekend, Barclays added salt to the stocks' proverbial wounds, cutting its price target on HAS, and downgrading MAT shares.Hasbro Stock Eyes Fifth Straight LossHasbro stock is down 0.8% to trade at $90.75, after Barclays reduced its price target to $100...Read More