The sporting goods retailer beat earnings expectations once againSports retailer Dick's Sporting Goods Inc (NYSE:DKS) has erased early gains, now down 4.1% at $34.30 in this morning's trading, despite the company reporting an impressive first-quarter earnings beat and upwardly revised full-year guidance. The reason behind the pullback remains unknown, as today marks the seventh quarter in a row D...Read More
Gold prices are undermined by the lack of safe-haven demand despite increased US-China trade tensions.Gold's spec positioning deteriorated markedly over May 14-21; ETF investors were on the sidelines last week.GLDM is poised to rebound next month, once downside tail risks begin to be priced into risk assets.Introduction Welcome to Orchid's Gold Weekly report. We discuss gold prices through the len...Read More
The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
VSI fell to a record low last ThursdayDespite trading higher in after-hours, shares of Vitamin Shoppe Inc (NYSE:VSI) are down 3.6% to trade at $3.74 this morning -- afterpivoting lower at the open -- and earlier touching a fresh annual low of $3.68. The nutritional supplement retailer becomes the latest to dabble in cannabidiol (CBD) after announcing it was expanding its CBD hemp extract offerin...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q1 2019, the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. The Company will host a conference call on Thursday, May 30, 2019 at 10:00 A.M. Central to discuss its Q1 2019 results (see "Conference Call Infor...Read More
Most HIG analysts are bullishHartford Financial Services Group Inc (NYSE:HIG) was upgraded to "buy" from "neutral" at Goldman Sachs, which noted the company's valuation is cheaper than some of its biggest rivals. Most analysts share the brokerage firm's enthusiasm, with seven of the 11 in coverage handing out "strong buy" recommendations, versus four "holds." Meanwhile, the average 12-month price...Read More
Ontario's government is working for the people of Northern Ontario by supporting the film and television industry, creating jobs for local artists, crews and businesses.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of more than $5 million to support eight film and television productions across the north. The investments include: $2 million to Get...Read More
Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More
Namibia's mines and energy minister said he has no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws.Rio, which is seeking to divest less profitable assets, said last November that it was selling its 69% stake in the world's longest-running open pit uranium mine to China for up to $106.5 million and expected the deal to be completed in...Read More
U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models.Research firm IHS Markit forecasts that more than 130 models in the U.S. market, from 43 brands, will offer electrified propulsion systems, either pure battery electric or hybrid gasoline-electric.But two-thirds...Read More
Beijing is gearing up to use its dominance of rare earths to hit back in its deepening trade war with Washington.A flurry of Chinese media reports on Wednesday, including an editorial in the flagship newspaper of the Communist Party, raised the prospect of Beijing cutting exports of the commodities that are critical in defense, energy, electronics and automobile sectors. The world's biggest produc...Read More
The FDA just gave Amarin's cardiovascular drug, Vascepa, priority reviewShares of the pharmaceutical concern Amarin Corporation plc (NASDAQ:AMRN) are popping, after the Food and Drug Administration (FDA) granted priority review to the drugmaker's Vascepa treatment, which reduces cardiovascular risks in patients with high cholesterol. The stock is up 5.8% at $18.00, in response. Since spiking jus...Read More
Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year. After initially trying to deflect questions, he begrudgingly invited us along for a lunch that lasted two hours.The man, of course, is Eike Batista, who once famously told Mexico's Carlos Slim to watch out because, he said, he was poised to surp...Read More
Bond yields continue to fallStock futures are pointed lower, with the Dow Jones Industrial Average (DJI) signaling another triple-digit drop. Trade tensions between the U.S. and China continue to rev up, amid reports that China is set to use rare earth minerals as its next weapon in the trade war. As such, bond yields continue to fall, with traders concerned about an inverted yield curve -- often...Read More
Switzerland's top prosecutor opened a criminal probe against "unknown perpetrators" suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore Plc, adding to international scrutiny of the world's biggest commodity trader.The investigation opened earlier this month relates to raw materials, and isn't focused on the Baar, Switzerland-based company...Read More
Relations between the Zambian government and its copper mining sector have just taken a turn for the worse."If it is the will of the Zambian people that we divorce with these mines, then we will do so."President Edgar Lungu has swiftly followed through on his threat with a move to liquidate Konkola Copper Mines (KCM), the local operating unit of India's Vedanta and one of the country's biggest pro...Read More
Relations between the Zambian government and its copper mining sector have just taken a turn for the worse."If it is the will of the Zambian people that we divorce with these mines, then we will do so."President Edgar Lungu has swiftly followed through on his threat with a move to liquidate Konkola Copper Mines (KCM), the local operating unit of India's Vedanta and one of the country's biggest pro...Read More
Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta Resources Ltd., people familiar with the situation said.Eurasian Resources, owned by three Kazakh billionaires, approached the government about two months ago, according to the people, who declined to be identified by name bec...Read More
Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta Resources Ltd., people familiar with the situation said.Eurasian Resources, owned by three Kazakh billionaires, approached the government about two months ago, according to the people, who declined to be identified by name bec...Read More
"Gold Resource Corporation Significantly Expands Arista Mine Intercepting 11.95 Meters of 1.04 G/T Gold and 494 G/T Silver https://t.co/IaVMlNImnk"Read full newsRead More