The tech name is buying Pivotal Research and Carbon BlackVMware, Inc. (NYSE:VMW) stock is down 7.7% today at $136.72, after the virtualization software firm said it is buying cloud concern Pivotal Software (PVTL) and cybersecurity firm Carbon Black (CBLK) in separate deals valued at roughly $4.7 billion. This is offsetting a second-quarter earnings beat for VMW, and has sparked a round of bearish...Read More
VMware agreed to buy Pivotal Software for $2.7 billion Dell-controlled Pivotal Software Inc (NYSE:PVTL) just inked a deal with VMware (VMW), and the stock is skyrocketing as a result. VMW on Thursday said it bought Pivotal in a $2.7 billion deal. PVTL stock on course for its highest close since June, up 8.6% at $14.88.The security is still far from closing its early June bear gap, which culminate...Read More
Fed Chair Jerome Powell will speak later this morning Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop out of the gate, under pressure from renewed trade tensions with China. Wall Street seemed ripe for healthy gains ahead of this morning's speech from Fed Chair Jerome Powell, but stock futures immediately pivoted lower after China announced it was ready to raise tariff...Read More
"Deer Horn Partner Cheona Metals and Leading NGO RESOLVE Support First Yukon Placer Mine Restoration Under Salmon Gold?,,? Label https://t.co/aTCNLzC9gu"Read full newsRead More
"Deer Horn Partner Cheona Metals and Leading NGO RESOLVE Support First Yukon Placer Mine Restoration Under Salmon Gold(TM) Label https://t.co/qDX9QJKQCZ"Read full newsRead More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More
By Harshith Aranya3 Min Read* Gold down nearly 1.2% so far this week* Palladium on track for third weekly gain* SPDR Gold holdings up by about 27 tonnes this month (Updates prices)Aug 23 (Reuters) - Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gai...Read More
The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world’s attempts to address climate change.The U.S. is set to account for 61 percent of all new oil and gas production over the next decade. A recent report from this organization says that to avoid the worst effects of climate change, &ldqu...Read More
The 2019 Economic Symposium in Jackson Hole has begun! On Friday, we’ll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market?Jackson Hole 2019 Has BegunThis week is rather light in terms of incoming economic data, with the minutes from the last FOMC meeting being the only exception. Now, investors await the annual Jackson Hole Economic Policy Sympo...Read More
Bakkt is set to launch on September 23rdBitcoin hash rate reached a new ATH this month ahead of halvingNew Zealand tax authority lets citizens receive crypto salariesBTC/USD bull market is far from overAugust 2019 has been full of positive crypto news so far. The Bakkt launch will bring legitimacy to crypto and attract additional institutional capital. The BTC hash rate hitting a new all-time high...Read More
The London Metal Exchange three-month zinc price was lower at the close of trading on Thursday August 22, a day in which trading ranged $2,230-2,290 per tonne, while the backwardation in the nickel forward spread widened to its highest since 2015. The galvanizing metal closed trading at $2,245 per tonne, falling some 1.8% from an intraday high of $2,287 per tonne and from $2,285 per tonne at Wedne...Read More
Switzerland-based AfriMet Resources has launched the world's newest tin book, targeting tin trading and project investment with the support of steel specialist Vanomet Holding AG. Trading house AfriMet plans to target long-term tin projects in Africa, which has long been a large tin resource. A recent drive of production in the region, such as Alphamin Resources' Bisie tin mine in the Democratic R...Read More
Global refined zinc usage dropped slightly in the month of June while mine production rose by 1.9% in the first half of 2019. According to the latest International Lead & Zinc Study Group (ILZSG) report dated Wednesday August 21, refined zinc consumption totaled 1.1207 million tonnes in June this year compared with 1.1465 million tonnes in May and 1.1939 million tonnes in April. The ILZSG did not...Read More
The Qingdao Intermediate People's Court has put up for sale a significant quantity of aluminium ingots and copper cathodes impounded in 2014 during a government crackdown over the misuse of collateral for financing metals in Qingdao. A total 87,100 tonnes of aluminium ingots, 63,585 tonnes of alumina and 12,368 tonnes of copper cathodes have been listed to be auctioned this month, according to a n...Read More
"The question now is whether mining share prices fully reflect the risk of a cyclical downturn in commodity markets as the risk of a downturn has clearly increased, with the ongoing trade wars as a potential catalyst," analysts at Jefferies said this week.Bernstein's team compared the current demand-side situation to that of early 2015: "Chinese economic growth is cooling, prompting fears of a glo...Read More
A summary of South32's earnings and production results for its 2019 financial year ended June 30. In brief: South32's underlying adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) declined by 13% to $2.2 billion in its 2019 financial year. Underlying earnings decreased by 25% to $992 million. Lower aluminium and thermal coal prices more than offset stronger prices for...Read More
Recent large-scale production suspensions by antimony producers in central China's Hunan province have partly offset the negative effects of the recent announcement of an auction for the entire antimony stock held in the defunct Fanya Metal Exchange, market sources told Fastmarkets. Fastmarkets assessed the price for antimony, MMTA standard-grade II, ddp China at 36,500-37,500 yuan ($5,168-5,...Read More
Cobalt metal prices in China softened this week amid lackluster demand, but tight availability of certain domestic brands of the blue metal has limited the downward move.Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 260,000-280,000 yuan per tonne ($14.78-15.91 per lb, minus China value-added tax) on Wednesday August 21, widening downward by 10,000 yuan per tonne from 270,000-...Read More
News of a fresh cargo traded out of Europe has broken the silence in the Turkish deep-sea scrap market and confirmed the latest assessments of price levels, sources said on Thursday August 22.A steel mill in Turkey booked a European cargo, comprising 16,000 tonnes of HMS 1&2 (80:20) at $275 per tonne and 4,000 tonnes of bonus at $285 per tonne cfr.This compared with the previous European cargo sol...Read More
(Kitco News) - We have breached the first level, $1,350 an ounce, needed for gold to climb to $3,000, said Dan Oliver, founder of Myrmikan Capital. "There's a lot of pressure into gold, and we've just barely begun this cycle," Oliver told Kitco News. Oliver noted that once gold had broken above $1,350 an ounce, institutional investors started to pay more attention, especially once heavyweight fun...Read More