AAPL has added 31% year-to-dateShares of Apple Inc. (NASDAQ:AAPL) are up 0.2% at $207.92, after the tech giant received price-target hikes fromanalysts. The bull notes come just ahead of the company's earnings report, which is slated for after the market closes next Tuesday, April 30. Late last night, Morgan Stanley raised its outlook, hiking its price target to $234 from $220. Meanwhile, Goldman...Read More
Ontario's Government for the people is supporting education-based tourism in Northern Ontario by investing in two Science North exhibits, creating four full-time jobs and retaining another 48 full-time jobs.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, was at Lake of the Woods Discovery Centre to welcome Science North's Beyond Human Limits travelling exhibit to Kenora....Read More
GD and NOC are in focus this morning after the companies' quarterly reportsOn Tuesday, Lockheed Martin (LMT) stock shot higher on a well-received earnings release, closing the day up 5.7%. This helped lift sector peers General Dynamics Corporation (NYSE:GD) and Northrop Grumman Corporation (NYSE:NOC) above their 200-day moving averages for the first time in months. Now, while LMT enjoys some posit...Read More
The energy shares are lower on a big buyout offer for APCThe shares of Occidental Petroleum Corporation (NYSE:OXY) are down 3.4% at $60.21, after the Houston, Texas-based oil and gas firm put in a $57 billion cash-and-stock bid for Anadarko Petroleum (APC) -- topping rival Chevron's (CVX) offer made earlier this month. OXY's proposal equates to $76 per APC share, an 18.7% premium to last night's c...Read More
South Africa's labour registrar said he intended to de-register the militant AMCU trade union for breaking rules on how unions should operate, a move which could reshape the balance of power on the country's platinum belt.The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mines operated by compa...Read More
India's central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.The Reserve Bank of India's purchases are part of a wider picture across developing economies that are looking at de-dollarizing their foreign-exchange reserves, according to Ross...Read More
A whopping 14 brokerages have already issued price-target hikesOne of today's big earnings winners is eBay Inc (NASDAQ:EBAY), after the online retailer's first-quarter adjusted profit came in at 67 cents per share, topping the consensus estimate of 63 cents per share.The company's quarterly revenue of $2.6 billion came in above expectations, and eBay also upped its full-year profit and revenue ou...Read More
The biopharma name reported first-quarter earnings that beat expectations Drugmaker Biogen Inc (NASDAQ:BIIB) reported first-quarter earnings and revenue that exceeded analysts' expectations. The company cited strong growth from its spinal atrophy treatment, Spinraza, but sales of multiple sclerosis drug Tecfidera fell short of estimates. As a result, BIIB shares started the session higher, but wer...Read More
Anglo American Plc is no longer a darling at JPMorgan Chase & Co.After almost three years of rating the mining giant's stock as overweight, the firm downgraded it to neutral on Wednesday citing a trio of concerns - shares no longer look as cheap, the company's 2020 earnings may see a cut and capital returns may be constrained in the first half of the year. Shares slid as much as 3 percent in Londo...Read More
Anglo American Plc is no longer a darling at JPMorgan Chase & Co.After almost three years of rating the mining giant's stock as overweight, the firm downgraded it to neutral on Wednesday citing a trio of concerns - shares no longer look as cheap, the company's 2020 earnings may see a cut and capital returns may be constrained in the first half of the year. Shares slid as much as 3 percent in Londo...Read More
The S&P is signaling a higher startDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as a negative earnings reaction for Caterpillar (CAT) offsets a post-earnings pop for Boeing (BA) stock. At last check, CAT shares were down 2.4% in electronic trading, despite a first-quarter adjusted earnings and revenue beat. BA stock is up 1.7%, as the 737 Max planemaker's i...Read More
Max Keiser challenges anyone to dispute his claim that "Bitcoin is Peer to Peer Gold". I accept the challenge. Bitcoin is Fool's Gold Bitcoin has some rare and interesting properties. Like gold, Bitcoin is easily divisible. But what about scarcity? Proponents claim Bitcoin is scarce. Alleged proof of the claim is that only a certain number of them will be mined. The claim i...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
High prices are luring Africans into prospecting for gold. But huge volumes are smuggled out through the Middle East.By DAVID LEWIS in Nairobi, RYAN McNEILL and ZANDI SHABALALA in LondonFiled April 24, 2019, 6 a.m. GMTBillions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the U...Read More