Markets suffered their worst day of 2019 on MondayIt was a volatile week on Wall Street, with U.S.-China trade headlines sparking the whipsaw price action. The bulk of the action occurred to the downside, with stocks notching their worst day of the year on Monday after President Donald Trump labeled China a currency manipulator -- sparking a dramatic surge in the Cboe Volatility Index (VIX) that's...Read More
"Indonesia is weighing whether to bring forward a planned ban on exports of mineral ores, the country's trade minister said, a day after #nickel prices surged on speculation the country will halt shipments https://t.co/YVwpbrdyeJ via @markets"Read full newsRead More
"Spearmint (@Spearmint_Res) (#CSE: $SPMT | #OTC: $SPMTF) Encounters Positive #Gold & #Copper Indicators on #GoldenTriangle Prospects [https://t.co/g7boGevGGf]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #resources #miningstocks"Read full newsRead More
Gold futures are climbing as investors rush to safe-haven assetsGold prices have been in focus lately, as investors flock to safe haven assets amid the latest Fed decision and escalating trade tensions with China, flirting with six-year highs in recent days. This is good timing for Barrick Gold Corp (NYSE:GOLD), with the gold miner set to report second-quarter earnings before the open Monday, Aug...Read More
Eldorado Gold shares fell almost 9% after the latest press release.The company has submitted a preliminary short form base shelf prospectus with the securities regulatory authorities.This article explains the effect of this submission.The Skouries mine - The reason for the latest application? Overview Anyone who has read any of my previous articles will know that I am bullish on the outlook for t...Read More
Trump said he was "not ready to make a deal" with China The Dow Jones Industrial Average (DJI) is looking to end the wild trading week on a sour note, down more than 200 points at midday. President Donald Trump confirmed earlier reports that the U.S. is "not going to do business with Huawei," sending chip stocks into the red. In addition, the U.S. leader said he was "not ready to make a deal" wi...Read More
TBILISI (Thomson Reuters Foundation) - Operations at a Chinese-owned gold mine i...Read full newsRead More
One trader placed a well-timed bet ahead of earningsThe shares of ViewRay (NASDAQ:VRAY) are getting destroyed today, after the radiation therapy concern reported a steeper-than-expected quarterly loss and cut its full-year sales guidance. The firm also announced the departure of CFO Ajay Bansal. At last check, VRAY stock was down 55.5% at $3.00 -- and it looks like one options trader placed a well...Read More
In his August 8th Discovery Watch interview, John Kaiser concludes that the latest results from Midland Exploration's (INK Edge Outlook: Cloudy; MD) Mythril project are not yet indicating a world-class copper discovery. The hunt continues, however, with more drill results pending which will be followed up with the design of another drilling program later in the summer.Balmoral's (BAR) Fenelon loc...Read 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
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Both Micron and Skyworks have struggled this monthThe semiconductor sector is under pressure this morning, after a Bloomberg report indicated the U.S. was considering maintaining its ban on China's Huawei. This comes in response to China's move to stop buying American crops. Two chip stocks that are particularly impacted by this newsare Micron Technology, Inc. (NASDAQ:MU) and Skyworks Solutions...Read More
At least two brokerages have downgraded NKTR stockNektar Therapeutics (NASDAQ:NKTR) stock opened at its lowest level since mid-2017 today -- down 36% at $18.01 -- after the drugmaker unveiled manufacturing issues with bempeg, its experimental cancer treatment. Specifically, NKTR said it discovered two lots of the drug were manufactured differently than the rest in a recent clinical trial, and it w...Read More
Canopy Growth will buy U.K.-based biopharma name Beckley Canopy Therapeutics Pot name Canopy Growth Corp (NYSE:CGC) announced this morning that it's buying U.K.-based biopharmaceutical company Beckley Canopy Therapeutics for an undisclosed sum, in order to develop weed-based wellness products and strengthen its foothold in Europe. CGC shareholders don't seem too impressed, with the equity down 1%...Read More
Analysts have already jumped to revise their price targets on the stockShares of business review platform Yelp Inc (NYSE:YELP) are surging this morning, up 8.7% at $38 at last check. The company last night reported impressive second-quarter numbers, and also revealed its Chief Financial Officer (CFO) Charles "Lanny" Baker will be stepping down effective Sept. 2, 2019. During the search for a repl...Read More
Oil prices are building on yesterday's gains, though Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop this morning, as the blue-chip index looks unable to build on yesterday's strong gains. Trade tensions with China resurfaced overnight, after a Bloomberg report indicated the Trump administration was not ready to lift its ban on U.S. companies purchasing Huawei products...Read More
Jefferies quickly called the stock's pullback a buying opportunityAmarin Corporation plc (NASDAQ:AMRN) is one of the biggest losers before the bell today, last seen with pre-market losses of 19.2% to trade at $14.39. A label expansion application for the company's Vascepa drug -- a treatment meant to lower triglycerides in adults that has helped the shares rise almost 31% year-to-date -- has been...Read More
The three-month nickel price on the London Metal Exchange continued its uptrend at the close of trading on Thursday August 8, cooling from an intraday high of $16,690 per tonne to close just short of $16,000 per tonne, while lead's continued rise saw its outright price close at more than $2,000 per tonne.Nickel futures closed at $15,880 per tonne on Thursday afternoon, holding near their highest l...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Thursday after global bond yields eased from multiyear lows following stronger-than-expected export data from China, sending investors back to risk markets. Lyft (LYFT) shares climbed after the ride-sharing company posted a narrower-than-expected second-quarter loss and raised its full-year re...Read More
Scrap metal cargoes from Japan have been refused entry into South Korea over the past two weeks after the country's customs started asking for certificates to prove radiation levels, sources told Fastmarkets. South Korea has also stepped up radiation checks on Japanese ferrous scrap imports, with inspectors reportedly boarding "every single vessel transporting Japanese ferrous scrap... to carry ou...Read More