The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barric...Read More
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barric...Read More
Intel's ugly guidance weighed on chip stocksU.S.-China trade was undoubtedly the biggest theme this week, sending indexes deep into the red, while catapulting the market's "fear gauge," or Cboe Volatility Index (VIX), to multi-month highs. Specifically, Wall Street watched as the two nations tried -- and failed -- to hash out a trade deal before Friday, leading to increased tariffs on $200 billion...Read More
Uber stock's IPO priced at $45 per shareThe big day is finally here. Uber Technologies (NYSE:UBER) began trading on the Big Board today, after pricing its initial public offering (IPO) at $45 per share Thursday, valuing the ride-hailing icon at around $82 billion. At around noon today, Uber began trading at $42, 6.7% below the IPO price. As the event unfolds, there's been a lot to unpack.Uber CEO...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 10 (Reuters) - Copper and other industrialmetals rebounded on Friday on hopes that a U.S.-China trade dealwould be hammered out, but they remained vulnerable to furtherfriction between the world's two biggest economies. Negotiators in Washington agreed to stay at the table for asecond day on Friday even after the...Read More
Stock indexes are set to end the week with huge lossesThe Dow Jones Industrial Average (DJI) is down 300 points today following an increase in U.S. tariffs on Chinese goods and more tweeting this morning from President Donald Trump. Specifically, President Trump suggested the U.S. would stay patient in its pursuit of a trade deal with China, as the countries continue negotiations in Washington. Ou...Read More
The video game stock is lower in today's tradingTake-Two Interactive Software, Inc. (NASDAQ:TTWO) is slated to report fiscal fourth-quarter earnings after the market closes this Monday, May 13. Ahead of the event, TTWO stock is trading down 1.5% at $100.63, and if recent history is any guide, the shares could be headed even lower next week.Specifically, Take-Two Interactive stock has closed lower...Read More
MUMBAI/BENGALURU - Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world's top consumer.Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February."This year,...Read More
South Africa's Competition Appeals Court will rule next week on a union request to block the mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin, legal counsel said on Friday.The Association of Mineworkers and Construction Union (AMCU) lodged its appeal in protest against job cuts related to the deal.(Reporting by Tanisha Heiberg Editing by David Goodman)Read More
Call options traders have been favoring the stockShares of JD.com Inc (NASDAQ:JD) are up 5.6% at $29.04 in early trading, after the Chinese internet firm reported a first-quarter earnings beat, and said it renewed its cooperation agreement with Tencent Holdings for another three years. JD stock gapped lower on Monday, amid renewed U.S.-China trade tensions, but ultimately found support from its 2...Read More
Platinum miner Lonmin , which is in the process of being taken over by Sibanye-Stillwater, expects full-year sales to be at the lower end of its target range, it said on Friday after reporting a drop in output.The London-based company, which operates in South Africa, said total platinum production tumbled 10.3% to 276,020 ounces for the six months ended March 31.Lonmin's first half was hampered by...Read More
Six brokerages have issued price-target cuts on SYMC alreadyIn early April, Symantec Corporation (NASDAQ:SYMC) stock was trading at its highest point in almost a year on a big bull note from Goldman Sachs. What a difference a month makes, as the cybersecurity specialist is now down 15.7% to trade at $18.69 this morning, on track for its worst day in nearly a year. While fiscal fourth-quarter adju...Read More
Options traders have been targeting the $30 levelPinterest Inc (NYSE:PINS) this morning received new coverage from Instinet, which gave the social media stock a "buy" rating and $34 price target. This follows a note out of Rosenblatt from Wednesday that put a "neutral" rating on PINS and a $32 price target. The other brokerages that had initiated coverage on the equity also had "hold" recommendati...Read More
Zambia's Mopani Copper Mines Plc plans to close two shafts and focus on essential capital projects, the Glencore-owned company said on Friday.Mopani said in a statement it would cease operations at Mindola North Shaft and Central Shaft and instead focus on the Synclinorium Concentrator, Mindola Deeps shaft and Henderson shaft.(Reporting by Chris Mfula, editing by Louise Heavens)Read More
The medical device firm reported first-quarter earnings and revenue that fell well below analysts' expectations A first-quarter revenue miss has medical device concern Nevro Corp (NYSE:NRVO) trading lower today. The shares are down 5% at $59.67 in early trading, after reporting a 6% revenue drop to $82.1 million versus analysts' estimated $87.5 million. The firm cited a decision earlier this year...Read More
PBYI is heading for its worst day since early NovemberThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) have plunged 35.6% this morning to trade at $19.34 -- poised for their worst day since a 48% post-earnings drop back on Nov. 2. This comes in reaction to the drugmaker's first-quarter earnings report, which showed net product revenue was lower than expected. Net sales of PBYI's cancer drug Nerl...Read More
Managing the world's largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro's top security adviser said in an interview."I don't accept this idea that the Amazon is world heritage, this is nonsense," General Augusto Heleno Pereira said in an interview in Brasilia. "The Amazon is Brazilian, the heritage of Brazil and should be dealt with...Read More
Managing the world's largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro's top security adviser said in an interview."I don't accept this idea that the Amazon is world heritage, this is nonsense," General Augusto Heleno Pereira said in an interview in Brasilia. "The Amazon is Brazilian, the heritage of Brazil and should be dealt with...Read More
Talison Lithium, a partnership between China's Tianqi and U.S. group Albemarle, secured approval this week from the Western Australian Environmental Protection Authority (EPA) to expand the Greenbushes lithium mine in the southwest of the state.The decision came with a series of conditions, including the protection of the threatened black cockatoos, which are unique to Australia's south-west regio...Read More
All three indexes are eyeing their worst week of 2019 Dow Jones Industrial Average (DJI) futures are headed south for yet another day, with the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) following closely behind, as President Donald Trump's increased tariffs on $200 billion inChinese goods went into effect early this morning. In addition, Trump tweeted that "there is absolutely no need to r...Read More