Weekly options trading has picked up on FBFacebook, Inc. (NASDAQ:FB) is in focus today after President Donald Trump tweeted about the company's new cryptocurrency Libra, saying he's "not a fan" of cryptocurrencies in general and that the company may need to get a banking charter. This comes as the Senate Committee on Banking, Housing, and Urban Affairs is set to hold a hearing for Libra next week,...Read More

Both Citi and BMO see headwinds for banks from potential Fed rate cutsMost bank stocks got a boost yesterday, after Fed Vice Chair Randal Quarles said the central bank would announce changes to the Volcker Rule later this year as a means of deregulating the financial industry. Nevertheless, Citigroup sees headwinds for the sector, saying a 100-basis point Fed rate cut could pull down U.S. banks ea...Read More

Cititgroup has been climbing higher on the chartsBank giant Citigroup Inc (NYSE:C) is up 0.3% at $71.83 this afternoon, eyeing its sixth straight weekly win. Options traders may be gearing up for the company's second-quarter earnings, slated for before the market opens, Monday, July 15. Below we will take a look at how C has been faring on the charts, as well as to what the options market is pric...Read More

Illumina also lowered its full-year revenue growth forecastBiopharma concern Illumina, Inc. (NASDAQ:ILMN) is eyeing its worst day in nearly three years, after the company reported preliminary second-quarter revenue that fell well below analysts' expectations. The firm also lowered its full-year revenue growth forecast, citing a weak direct-to-consumer market, among other things. ILMN stock is down...Read More

Analysts remain quite bullish on SAVE, thoughA day after Delta Air Lines (DAL) soared in the wake of its quarterly report, the shares of sector peer Spirit Airlines Incorporated (NYSE:SAVE) are down 0.4% to trade at $52.04 this morning. Spirit's second-quarter revenue growth outlook of nearly 19% came in lower than expected. Despite the subpar number, Citi upped its price target on SAVE today to...Read More

Ford has been climbing the charts since its December bottomShares of Ford Motor Company (NYSE:F) are higher this morning, after the car name announced an extended collaboration with sector peer Volkswagen. Specifically, the two automakers will take equal minority stakes in self-driving and electric vehicle startup Argo, which will result in a majority stake when combined. The deal allows the compa...Read More

The brokerage firm began coverage on Wall Street freshmen Zoom Video Communications and SlackWall Street newcomers Zoom Video Communications Inc (NASDAQ:ZM) and Slack Technologies Inc (NYSE:WORK) are in focus this morning after receiving new coverage at Stephens. More specifically, the brokerage firm took a bullish view on both the shares of ZM and SLACK, giving them "overweight" designations. Loo...Read More

The Dow is set to extend its journey atop 27,000Dow Jones Industrial Average (DJI) futures keep surging, signaling another record high on the horizon, amid lingering optimism about a July rate cut. Traders continue to cheer dovish two-day testimony from Fed Chair Jerome Powell, with bank stocks Goldman Sachs (GS) and JPMorgan Chase (JPM) higher ahead of the bell -- and ahead of a flood of bank ear...Read More

The biopharma outlined a Phase 3 study for its MS treatment, ibudilastMediciNova, Inc. (NASDAQ:MNOV) stock is up 9% in electronic trading, after the California-based biopharmaceutical firm announced plans for a late-stage clinical trial for ibudilast in patients with progressive multiple sclerosis (MS). The company said it will conduct just one study, with the Food and Drug Administration (FDA) sa...Read More

* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, July 12 (Reuters) - Nickel prices touched theirhighest in four months on Friday on worries that major producerIndonesia will resume an export ban on ore in 2022.Indonesia relaxed the ban in 2017, but said at the time thatit would last only five years and that exports would berestricted again in 2022. Analyst Colin Ham...Read More

"Yamana Gold Announces Strong Preliminary Second Quarter 2019 Operational Results and Updates 2019 Production Guidance https://t.co/30wlYGIHAk"Read full newsRead More

July 10, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More

(Corrects to add dropped "trln" in 4th bullet point) * Weak trade adds to evidence China's economy lost momentumlastmonth-analyst * June exports -1.3% vs -2.0% forecast * June imports -7.3% vs -4.5% forecast * June new loans at 1.66 trln yuan vs forecast 1.7 trln yuan * C.bank to further lower real interest rates for smallfirms * China and U.S. resume trade talks but no deal in sight By...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and the S&P 500 both closed at record highs Thursday, bolstered by suggestions from Fed Chair Jerome Powell that the central bank would cut interest rates and a healthcare stocks rally. Bed Bath & Beyond (BBBY - Get Report) shares fell after the home retailer posted stronger-than-expected first-quarte...Read More

(Kitco News) - Legendary investor Jim Rogers, chairman of Rogers Holdings, is back, and he's warning that the next bear market is going to be "horrible, compounded by too much debt and a trade war." The longest bull market in American history will be short lived, as macroeconomic problems will surface soon, Rogers said. "Later, this year or next year when the economies around the world are gettin...Read More

Lead's three-month price on the London Metal Exchange was higher at the close of trading on Thursday July 11, climbing by around 2% through the day to approach the nearby resistance level at $2,000 per tonne, a threshold the metal has not surpassed since April this year.Three-month lead futures closed at $1,972 per tonne in the afternoon, while total volumes traded were at their highest since Octo...Read More

The London Metal Exchange nickel price rose to a three-month high of $13,140 per tonne during Thursday morning trading following news from Indonesia's Ministry of Energy and Mineral Resources that the country will stop the export of unprocessed laterite ore in 2022. (This article was corrected to clarify that the proposed export ban could come into effect in 2022, not until 2022 as previously stat...Read More

Nickel's three-month price on the London Metal Exchange was higher during morning trading on Thursday July 11, building on Wednesday's gains above the $13,000-per-tonne threshold amid a continued drawdown on LME stocks. The metal's futures price reached an intra-morning high of $13,140 per tonne, with some 2,700 lots of nickel exchanged as of 8:55am London time. Total LME inventories continue to s...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday July 11 that are worth another look.Mexican steel association Canacero has denied that Mexican fabricated structural steel producers who export to the United States have been receiving subsidies, as alleged by US authorities.One of the world's biggest copper miners, Chile's Antofagasta, began to break away from the tr...Read More

A sharp increase in global freight rates over the past seven to 10 days has eroded margins at manganese ore market participants and caused shipments to be postponed, sources told Fastmarkets. Freight rates have risen by $5-8 per tonne for routes to China from South Africa, Brazil and the Black Sea amid increased demand for freight from some soft commodity sectors such as soybean and grain, sources...Read More