Nonfarm payrolls increased by 155,000 in November, the Labor Department says. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000.The average hourly earnings gain of 0.2 percent fell short of estimates for a 0.3 percent increase.October's jobs count was revised lower from an initially reported 250,000 to 237,000.Jeff Cox| @JeffCoxCNBCcomPublished 11 Hours AgoUpdated9 Hour...Read More
KHARTOUM - Three miners were killed and 10 were trapped underground when a gold mine they were working at in northern Sudan collapsed, the state's Sudanese Mineral Resources Company (SMRC) said in a statement on Friday.It said three others were injured in the accident, which happened on Thursday night in Qabqaba, a main gold mining area in the Nile River state where both licenced companies and ind...Read More
Pot stocks are popping after Altria's CRON stakeU.S. stocks are lower again today, amid lingering concerns about U.S.-China trade and after a tame jobs report. However, one group is bucking the trend: weed stocks. Aphria Inc (NYSE:APHA) is higher on a nod from Citron Research, while fellow pot stocks Aurora Cannabis Inc (NYSE:ACB) and Canopy Growth Corp (NYSE:CGC) are enjoying a halo lift from Cro...Read More
AKRX stock hit a multi-year low earlierThe shares of Akorn, Inc. (NASDAQ:AKRX) have plunged 19.4% to trade at $4.51, earlier bottoming at an eight-year low of $3.54. The stock is reacting to a Delaware court ruling, which upheld an October judgement that found Germany-based Fresenius (FMS) legally ended its $4 billion bid for Akron back in April. Against this backdrop, AKRX options volume is runni...Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
The shares could be poised to break out of consolidation modeThe shares of animal drug maker Zoetis Inc (NYSE:ZTS) have taken a breather since touching a record high of $96.57 in early November. However, the outperforming equity could be ready to launch its next leg higher, with ZTS shares flashing historical buy signals.Specifically, Zoetis stock is back within one standard deviation of both its...Read More
Oil prices are soaring after OPEC and Russia agreed to a production cutU.S. stocks are selling off again, with the Dow Jones Industrial Average (DJI) down more than 200 points at midday. A tepid November jobs report did little to jump-start markets this morning, with the blue-chip index pivoting sharply lower. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the red as well, under...Read More
We are almost at the extreme below the mean for the E-mini S&P, which is a very good indication that prices or the volatility is beginning to increase.E-mini closes above 2,650, above 2,668, and above 2,571, would confirm that all three trends (daily, weekly and monthly) have bottomed - an excellent time to go long.The stock market and silver market appear to have reach harmonically driven lev...Read More
Is it time to prepare for the next financial crisis?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 going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The shares are rallying on the bull noteRBC initiated coverage on Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) with an "outperform" rating and $23 price target -- a 245% premium to last night's close. The analyst in coverage waxed optimistic over the long-term upside potential of the drugmaker's lead drug lenabasum, which is currently undergoing trials in patients with cystic fibrosis and sys...Read More
* India discount at $1.5 versus $2 premium last week* Spot gold hit 5-month peak on Thursday* Higher prices hurt demand in SingaporeGold was sold at a discount this week in India for the first time in a month as a rebound in local prices prompted jewellers to postpone purchases, while demand improved in top consumer China due to seasonal buying. Gold is considered an essential part of weddings in...Read More
• The commodity has been steadily climbing alongside an ascending trend-channel formation on intraday charts and is currently placed at the middle of its daily trading range. Gold 15-mins chart • On the 1-hourly chart, the downside remains supported by a short-term ascending trend-line and the metal has managed to hold comfortably above intrad...Read More
TSLA shorts have been heading for the exitsThe shares of Tesla Inc (NASDAQ:TSLA) are up 3.5% to trade at $375.93, after Jefferies upgraded the electric car maker to "buy" from "hold," while boosting its price target to $450 from $360 -- a 24% premium to Thursday's close. The analyst in coverage believes the company will continue to "stand out" next year, and applauded Tesla's strengthening balan...Read More
MO stock is also higher on the newsThe shares of Canadian pot stock Cronos Group Inc (NASDAQ:CRON) have skyrocketed out of the gate today, after cigarette maker Altria Group Inc (NYSE:MO) said it would take a $1.8 billion, 45% stake in the company. CRON stock rallied earlier this week on rumors of Altria buyout interest. At last check, the equity is up 33% at $13.89, on pace for its highest close...Read More
The Apple supplier reported third-quarter earnings and revenue beatsThe shares of Broadcom Inc (NASDAQ:AVGO) are up 4.7% this morning at $237.85 -- putting them on track for their biggest one-day gain since Sept. 7 -- after the Apple supplier reported adjusted third-quarter earnings of $5.85 per share on $5.44 billion in revenue, more than analysts were expecting. Citing strong data center demand...Read More
Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More
Here's what economists are saying about the November employment report, which showed 155,000 new jobs created in the month and the unemployment rate flat at 3.7%. Read more about the data from MarketWatch. ?EUR? "The November jobs report was sturdy but uninspiring. Job growth of 155,000 is around 50,000 shy of both the average monthly gain for 2018 and the expected gain for November. But the u...Read More
The U.S. added a lower-than-expected 155,000 jobs in NovemberThe selling looks set to continue on Wall Street, with Dow Jones Industrial Average (DJIA) futures trading below fair value this morning. However, futures have come off their earlier lows, after today's mixed jobs report showed the U.S. added 155,000 jobs in November, while wage growth edged up 0.3%. While these figures were softer than...Read More
Fred Imbert| @foimbertPublished 16 Hours AgoUpdated3 Hours AgoCNBC.com show chapters Stocks plunge after weak jobs data — Here's what three experts say that means for investors 6 Hours Ago |02:44 Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones I...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More