"We know that the terrible pain we are feeling has been and continues to be felt by so many others so our sympathies go out to them. May God be with you and may you cherish your blessings, especially at this time of year."Continue...Read More
"We do not see evidence that bitcoin's rally is cannibalizing gold's bull market and believe the two Continue...Read More
"Evidence used to conduct this assessment includes more than 50 lawsuits and judicial rulings, thousands of affidavits and declarations, testimony in a variety of state venues, published analyses by Continue...Read More
- Review of 2018: 'Everything bubble' started bursting- International stock market indices and many property markets have fallen sharply- S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5%- Of 54 major international stock market indices, only 6 are higher (see table below)- Global property bubble bursting - London, Sydney and Vancouver fall nearly 10%- Crypto bubble burst a...Read More
President Donald Trump has lambasted the U.S. central bank multiple times over the past year.Fed Chairman Jerome Powell says, "Nothing will deter us from doing what we think is the right thing to do."The Fed raises its benchmark interest rate by a quarter-point on Wednesday, despite Trump's tweets against more rate hikes.Michael Sheetz| @thesheetztweetzPublished 5 Hours AgoUpdated3 Hours AgoCNBC.c...Read More
Bloomberg News/LandovFed Chairman Jerome Powell arrives at a board meeting in October. Defying the wishes of President Donald Trump, the Federal Reserve on Wednesday raised its benchmark interest rate, although the central bank did lower its forecast for how many more increases will be needed in the future. The central bank now pencils in two rate hikes in 2019, not the three moves seen in Septemb...Read More
The DJI explored a range of nearly 900 points todayIt was another late-session bloodbath on Wall Street. The Dow finished over 350points in the red and marked a new annual low, retreating in the final hours of trading after spending most of the day in the black. The blue-chip index explored a range of nearly 900 points today, swinging from a triple-digit gain to a triple-digit loss after the Feder...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is go...Read More
Pretium Resources Inc. (TSX,NYSE:PVG) has closed on the previously announced $480 million debt facility to refinance its existing construction credit facility.The company has also repurchased 100% of the callable 8% gold and silver stream that was sold as part of the construction financing package for the development of the Brucejack gold-silver mine in British Columbia.Last week, Pretium reported...Read More
FedEx's worries of a global economic slowdown is spooking some investorsStocks have erased their earlier gains after the Fed decided to raise interest rates, and signaled support for "further gradual increases." In the meantime, traders are monitoring a huge post-earnings pullback from delivery giant FedEx Corporation (NYSE:FDX), new legislation sinking prison stock CoreCivic, Inc. (NYSE:CXW), and...Read More
The regenerative tissue specialist inked a deal with a major healthcare providerOptions volume is accelerated on PolarityTE Inc (NASDAQ:PTE) this afternoon, as the healthcare stock looks to snap its three day losing streak. Nearly 1,715 options are on the tape -- four times the average intraday amount -- with PTE shares up 8% at $14.52. The upside comes following news the regenerative tissue speci...Read More
One little-known company already has the key to efficient, high-quality, low-cost cannabis production.Cannabis 2.0 is coming.And it's going to be huge. With huge margins and international attention...The cannabis sector is poised to explode. Some analysts are predicting that the industry will reach $500 billion. With stakes that high, only the most efficient and competitive cannabis players will...Read More
Gold prices climbed on Wednesday, holding ground at their highest finish since July, then pulled back in the wake of the Federal Reserve's decision to lift a key interest rate, as had been expected. The Federal Reserve on Wednesday, after gold futures settled, said it decided to hike its target for the federal-funds rate by a quarter point to a range between 2.25% and 2.5%. The central bank also s...Read More
Bloomberg said GE has filed IPO papers for its healthcare unitThe shares of General Electric Company (NYSE:GE) are trading up 7.1% today at $7.79, after Bloomberg reported the company has filed confidentially for an initial public offering (IPO) of its healthcare unit. Plus, GE stock was upgraded for the second time in the past week -- with Vertical Research Partners lifting its rating to "buy" --...Read More
The healthcare concern is pulling textured breast implants from European marketsThe shares of Allergan plc (NYSE:AGN) are getting crushed today, after the company pulled its textured breast implants from the market in Europe. Late yesterday, France's regulatory body issued a recall request for the implants, saying they've been linked to a rare type of cancer. There is no evidence that women who ha...Read More
The retailer will report earnings after tomorrow's closeIt's been a volatile stretch for Nike Inc (NYSE:NKE) stock, per its 60-day historical volatility of 30.4% -- in the 100th annual percentile. The options market is expecting even more volatility for NKE shares after the athletic apparel retailer reports earnings after the market closes tomorrow, Dec. 20.Specifically, Trade-Alert places the imp...Read More
JOHANNESBURG - A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin , Sibanye said on Wednesday.The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. The union's action comes almost a month after the Competition Tribun...Read More
Preliminary results from a bulk sample taken at its Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
Both drug stocks have pulled back from multi-year highs Despite today's gains, the healthcare sector has been under pressure lately amid the recent Obamacare court ruling. If history is any guide though, there could be clear skies ahead for blue chip Merck & Co., Inc. (NYSE:MRK) and cardiovascular disease specialist Amarin Corporation (NASDAQ:AMRN), both of which are flashing the same bullish s...Read More