In early August, Sprint Corp (NYSE:S) lost its footing atop its formerly supportive 200-day moving average, and the shares have been struggling since -- a move only exacerbated by the telecom concern's cancelled merger with T-Mobile (TMUS) in early November. Today, S stock is down 0.5% to trade at $5.76, and some options traders have been bracing for even bigger losses.Taking a closer look at the...Read More
Gold's outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.Read full newsRead More
Gold's outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.Read full newsRead More
The U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sector that is down 56%...Read More
Switzerland's central bank said it expects to make a record profit of $55.2 billion in 2017, citing higher global equity and bond prices as well as a weaker Swiss franc.Read full newsRead More
The U.S. stock market is scaling record highs once again, as bank stocks surge ahead of the start of earnings season. A rally in healthcare shares is also lifting the broader equities indexes, with sickle cell specialist Global Blood Therapeutics Inc (NASDAQ:GBT), genetic testing name Illumina, Inc. (NASDAQ:ILMN), and chronic pain expert Pain Therapeutics, Inc. (NASDAQ:PTIE) all on the move. Here'...Read More
Canuc Resources Corporation (TSXV:CDA) ('Canuc' or the 'Company') is pleased to provide an update on exploration at the San Javier Silver-Gold Project in Sonora State, Mexico.Read full newsRead More
Vangold Mining Corp. (TSX:VAN, OTC:VGLDF) ('Vangold' or 'the Company'), is pleased to announce the initial diamond drilling program at its wholly-owned, El Pinguico Mine, located 10km from the City of Guanajuato, Mexico.Read full newsRead More
Bioquell PLC (LON:BQE) was one of the biggest market gainers in later afternoon trading, jumping nearly 15% higher to 324p after the company said it expects earnings for 2017 to be "significantly" ahead of the market's expectations.In a trading update, the specialist bio-decontamination product producer said it expects its revenue for 2017 to be at around ?29.3mln, ahead of previous expectations,...Read More
One of this market's biggest drivers in recent years has been the healthcare sector, evidenced by the strength seen from the Health Care Select Sector SPDR Fund (XLV), with each notable pullback turning into a prime buying opportunity. In fact, the exchange-traded fund (ETF) has experienced only three negative quarters over the past five years, and just touched an all-time high of $86.01. Johnson...Read More
Caroline ValetkevitchNEW YORK (Reuters) - Stocks in world indexes continued their flying start to the year on Tuesday as bank stocks gained, while U.S. oil touched its highest since late 2014.A tweak to the Bank of Japan’s bond-buying program shunted the yen higher, while the dollar climbed against a basket of major currencies, recovering further from last week’s decline to its lowest...Read More
WASHINGTON (Reuters) - The U.S. Federal Reserve should keep interest rates low so that wage gains accelerate and inflation rises, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday.“Inflation has been low, wage growth has been low, so I‘m advocating for lower interest rates to get wages up and to get inflation back to our 2 percent target,” Kashkari said at an ev...Read More
Christine Kim, Hyonhee ShinSEOUL (Reuters) - North Korea said after its first talks with South Korea in more than two years that it would not discuss its nuclear weapons with Seoul because they were aimed only at the United States, not its “brethren” in South Korea.In a joint statement after 11 hours of talks North Korea pledged to send a large delegation to next month’s Pyeongch...Read More
Oil prices are trading in territory not charted since late 2014, with February-dated crude futures last seen 1.7% higher at $62.79 per barrel. Against this backdrop, several oil-and-gas stocks are also higher today, including WPX Energy Inc (NYSE:WPX) and HollyFrontier Corp (NYSE:HFC). What's more, WPX and HFC stocks could extend their upward momentum in the near term, if history is any indicator,...Read More
Isodiol to begin marketing new line of phytoceutical products for kathy ireland (R) Health & Wellness and Ireland Men One January 8, 2018 - Vancouver, BC - Isodiol International Inc., (CSE: ISOL) (OTC:ISOLF) (FSE: LB6A.F) (the "Company" or "Isodiol"), a global bioactive phytoceutical innovator specializing in the development of pharmaceutical and wellness products, announced today that it has en...Read More
The new company name for shell/SPAC outfit "AIQ" is derived from Artificial Intelligence (AI) and Intelligence Quotient (IQ). Non-Executive Chairman Graham Duncan tells Proactive what the company hopes to achieve now there's ample funding in the pot; which sectors and geographies the team is targetting and when they hope to begin on those acquisitions.News here too on the experience of the board a...Read More
The Dollar jumped to a fresh weekly high against a basket of major currencies on Tuesday amid market optimism over the US Federal Reserve raising interest rates at least twice in 2018. There is a suspicion that Dollar bullish investors are starting to look beyond December’s disappointing NFP headline figures, and have their sights set on wage growth which held steady at 2.5% to support the D...Read More
Venezuela is set to launch its own oil-backed cryptocurrency but blockchain experts are skeptical it will work.Read full newsRead More
Oil prices rose Tuesday, as geopolitical risk relating to Iran continued to buoy markets.Read full newsRead More
(Kitco News) - Goldand silver prices were ending the U.S. day session weaker Tuesday. A solid bouncein the U.S. dollar index early this week is putting price pressure on the goldand silver markets. Some normal profit-taking and chart consolidation is alsofeatured after gold prices hit a 3.5-month high last week. February Comex goldwas last down $7.30 an ounce at $1,313.10. March Comex silver was l...Read More