Southwest shares are still in the green year-to-dateIt's a busy news day for Southwest Airlines Co (NYSE:LUV), which became the first airline to cut its first-quarter revenue per available seat mile (RASM) forecast after the Boeing 737 MAX 8 planes were grounded following a pair of fatal crashes. Also, LUV reported an emergency landed of the aircraft yesterday, though no passengers were on board....Read More
(Updated with chart) - Trump perma-critics should take a step back from their criticism of his nominee Stephen Moore. The latest attacks against Moore evolve around an opinion piece in the Wall Street Journal suggesting that the Fed focus on targeting stable commodity prices. If one believes that the Fed should be targeting consumer price inflation, a concept that is debatable on its own, focusin...Read More
The final demise of South Africa's gold industry came a step nearer on Wednesday with the announcement that Sibanye Gold Ltd. won't extend the life of Driefontein, once the biggest mine on the continent.Last year the mine, more than 2 miles (3,200 meters) deep, produced about 300,000 ounces of gold, just a fifth of its peak output two decades ago. Now Sibanye will wind down Driefontein's operation...Read More
The health insurer announced a big purchase earlierThe shares of Centene Corp (NYSE:CNC) are spiraling, after the U.S. health insurer said it was buying rival WellCare Health Plans (WCG) in a cash-and-stock deal valued at $17.3 billion, including debt. The purchase is expected to boost CNC's Medicaid division, as well as its exposure to the Medicare Advantage market, and comes amid a renewed effor...Read More
The final demise of South Africa's gold industry came a step nearer on Wednesday with the announcement that Sibanye Gold Ltd. won't extend the life of Driefontein, once the biggest mine on the continent.Last year the mine, more than 2 miles (3,200 meters) deep, produced about 300,000 ounces of gold, just a fifth of its peak output two decades ago. Now Sibanye will wind down Driefontein's operation...Read More
In the wake of the prolonged 1980-82 UK recession, pop band Dire Straits released a tongue and cheek swing record Twisting by the Pool romanticizing the good life on Europe's Mediterranean coast. The song popped into my mind after reading the Federal Reserve's monetary policy statement today. For some reason, the US Federal Reserve has deemed it fit to try and flatten the yield curve by selling s...Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More
* GRAPHIC-2019 asset returns:* Prices supported by market caution on Alunorte * Alumina market tight while aluminium market well supplied (Adds official prices, fresh quote, bullets, nickel)By Zandi ShabalalaLONDON, March 27 (Reuters) - Aluminium touched a one-weekhigh on Wednesday as inventories fell and prices shrugged offanother step towards a full restart of Norsk Hydro's Brazil alumina operat...Read More
WING's steady climb has sent short sellers scurryingWingstop Inc (NASDAQ:WING) stock is up 2.3% to trade at $73.43, responding positively to BMO initiating coverage on the restaurant chain with an "outperform" rating and $85 price target. The analyst spoke glowingly about the company, calling it a "unicorn" due to a "combination of long-tailed unit growth and superior operating/growth metrics."...Read More
Axsome's AXS-05 depression drug received breakthrough designation statusBiopharmaceutical concern Axsome Therapeutics Inc (NASDAQ:AXSM) is hot today, on news the U.S. Food and Drug Administration (FDA) gave the company's AXS-05 major depressive disorder (MDD) treatment "breakthrough therapy" status. The designation was sparked by the treatment's successful Phase 2 ASCEND study results. Now up 484...Read More
US gold giant Newmont Mining (NYSE:NEM) has put together an executive leadership team that will come into effect once its acquisition of Canada's Goldcorp (TSX:G) (NYSE:GG) is completed, which is expected to happen in the second quarter.Newmont says the team will include some of the industry's top talent and most experienced mining executives known for superior operational execution, consistent pr...Read More
US gold giant Newmont Mining (NYSE:NEM) has put together an executive leadership team that will come into effect once its acquisition of Canada's Goldcorp (TSX:G) (NYSE:GG) is completed, which is expected to happen in the second quarter.Newmont says the team will include some of the industry's top talent and most experienced mining executives known for superior operational execution, consistent pr...Read More
One of the pot stocks that’s rarely discussed is Marijuana Company of America (OTCMKTS:MCOA). With its $40 million market cap, it’s no wonder most forget about MCOA stock, but it’s good to look at all our options in a market with this much potential.Source: Shutterstock The cannabis group has gotten a ton of exposure over the past six months, as investors grow more and more optim...Read More
Kirkland Lake Gold continues to see signs mild distribution on its daily chart.Insider selling has picked up recently, though the amount of shares sold are minor relative to the total position Eric Sprott holds in the stock.Earnings growth and revenue growth continue to remain strong, but the stock still may need more of a breather before making another move higher.Kirkland Lake Gold (KL) has long...Read More
Mining companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership, an industry body said on Wednesday.In a bid to rectify the wealth disparities of apartheid more than two decades after the end of white minority rule, South Africa has demanded that a proportion of a mining company's shares...Read More
Mining companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership, an industry body said on Wednesday.In a bid to rectify the wealth disparities of apartheid more than two decades after the end of white minority rule, South Africa has demanded that a proportion of a mining company's shares...Read More
SQ shares are trading higher after a bull noteSquare Inc (NYSE:SQ) is trading 1.1% higher this morning at $74.75, after Macquarie began coverage on the stock with an "outperform" rating and $94 price target. The brokerage firm said that the company makes accepting payments as simple as signing up for Netflix, making it easier for people to run their businesses. Despite a year-over-year lead of 38%...Read More
The U.S. trade deficit shrunk in JanuaryDow Jones Industrial Average (DJI) futures are struggling for direction, under pressure once more from the 10-year Treasury yield, which earlier fell to 2.35% -- its lowest point since December 2017. Following yesterday's weak economic data, Wall Street is also eyeing the latest trade data, which saw the U.S. trade deficit shrink to $51.1 billion in January...Read More
Mitsubishi Corporation announced on May 30, 2018 that it had reached an agreement for the sale of its 50% ownership interest in BMA's Gregory Crinum (GC) coking coal mine in Australia, which is currently under care and maintenance, held by wholly owned subsidiary Mitsubishi Development Pty. Ltd., to Sojitz Corporation. The sale was successfully completed on March 27, 2019.BHP, the holder of the re...Read More
South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday.The precious metals producer, which has both gold and platinum mines in South Africa and platinum group metals (PGM) operations in the United States, said it was looking into opportun...Read More