The SPDR Gold ETF (GLD) has seen a surge in assets over the last month, even though gold has been a poor performer among investment asset classes this year.Volatility in stocks, a weakening U.S. dollar and any consistent signs of inflation picking up in the US economy could send gold prices back above $1,300. Mike Schnitzel, special to CNBC.com Published 8 Hours AgoUpdated7 Hours AgoCNB...Read More
The SPDR Gold ETF (GLD) has seen a surge in assets over the last month, even though gold has been a poor performer among investment asset classes this year.Volatility in stocks, a weakening U.S. dollar and any consistent signs of inflation picking up in the US economy could send gold prices back above $1,300. Mike Schnitzel, special to CNBC.com Published 8 Hours AgoUpdated7 Hours AgoCNB...Read More
(Kitco News) - Next year will be a turnaround year for silver, with prices expected to rally to $17 per ounce by the end of 2019 on higher investor demand and an unexpected end to the U.S. monetary policy tightening, according to Capital Economics.“Looking ahead, we think that 2019 will mark a turnaround for the silver price,” Capital Economics senior commodities economist Ross Strach...Read More
The DJI was up more than 200 points at its session highThe Dow was up more than 200 points at its session high, but erased its lead to turn lower in last-minute trading. On the other hand, the S&P 500 ended higher after a sharp two-day sell-off, and a rebound in tech and a few FAANG stocks helped the Nasdaq outperform its peers. Energy stocks were mostly higher as oil prices bounced, and the batte...Read More
NEW YORK (Reuters) - World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.The recovery in U.S. tech and other momentum stocks boosted the benchmark S&P 500 stock index after it fell 3.5 percent over the previous two sessions. Shares of Amazon.com I...Read More
LONDON (Reuters) - Leaving the European Union without a transition deal would cost Britain tens of billions of pounds, and failure to support Prime Minister Theresa May’s preferred plan could jeopardized Brexit altogether, finance minister Philip Hammond said on Wednesday.“A smooth exit from the European Union, doing this in an orderly fashion, is worth tens of billions of pounds to ou...Read More
Getty ImagesScott Teel carries a "for sale" sign out of a garage in Moore, Okla. The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 5.22 million in October, the National Association of Realtors said Wednesday. That was up 1.4% for the month, marking the first monthly increase in six months. What happened: Sales of previously owned homes finally perked up, beating the M...Read More
NEW YORK (Reuters) - A new normal is taking root in U.S. stock markets, and the word that best sums it up starts with a “V”.For the second time this year, volatility has returned with a vengeance, and traders in the equity options market are betting ongoing market gyrations are not about to let up any time soon.This year’s regular bouts of volatility mark a sharp departure from 2...Read More
PARIS (Reuters) - Emmanuel Macron’s popularity took a further hit in recent weeks, according to a poll on Sunday, as fuel tax protests rumbled on across France in the latest sign of discontent with the president’s economic reforms.Only 25 percent of those questioned in an Ifop poll between Nov. 9 and 17 said they were satisfied with Macron, down from 29 percent in October, according to...Read More
WASHINGTON (Reuters) - The United States is setting up “observation posts” along parts of the border between Turkey and Syria to help keep the focus on defeating Islamic State militants in Syria, Defense Secretary Jim Mattis said on Wednesday.The observation posts would not require additional U.S. troops being sent to Syria, Mattis told reporters. The Pentagon says it has about 2,000 t...Read More
NEW YORK (Reuters) - The dollar fell on Wednesday as risk appetite improved, bolstered by higher stocks and a stronger euro on hopes for a resolution of Italy’s budget.Wall Street shares recovered after a steep two-day sell-off, led by a rebound in Apple Inc (AAPL.O) and other major technology stocks. For two days, U.S. equity losses had bolstered safe-haven currencies such as the dollar, Ja...Read More
The brokerage firm initiated coverage with a "buy" ratingCanaccord Genuity initiated coverage on Dolphin Entertainment Inc (NASDAQ:DLPN) with a "buy" rating and $3 price target -- representing expected upside of nearly 119% to last night's close. The brokerage firm said the Florida-based public relations company is poised to take a "small piece of a big pie" in content marketing as streaming heavy...Read More
Consumer sentiment for November fell more than anticipated in the final reading of the month."Although the data recorded a decline of 2.8 Index points following the election, the drop was related more to income than political party," Richard Curtin, chief economist for The University of Michigan's survey, said in a statement.Michael Sheetz| @thesheetztweetzPublished 10 Hours AgoUpdated5 Hours AgoC...Read More
Both homebuilding stocks are runing into a bearish trendlineThe housing sector recently has been brutalized by weak economic data. As a result, it has put pressure on homebuilding names Toll Brothers Inc (NYSE:TOL) and Lennar Corporation (NYSE:LEN), both pulling back amid the broader market sell-off. And while the two stocks are trading higher today, the selling could be far from over, if history...Read More
(Reuters) - U.S. Chief Justice John Roberts on Wednesday strongly defended the federal judiciary a day after President Donald Trump referred to a judge who ruled against his policy barring asylum for certain immigrants as an “Obama judge.”The remarks marked the first public response by Roberts to Trump over the Republican president’s frequent criticism of the federal judiciary. O...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday praised Saudi Arabia for helping to lower oil prices as pressure intensified for the United States to impose tougher sanctions on its Middle East ally over dissident Saudi journalist Jamal Khashoggi’s murder.In a tweet, Trump thanked Riyadh for the recent drop in oil prices and called for prices to go even lower to boost the U.S...Read More
Bullish attention is the norm for these twoTwo names out of the healthcare sector enjoying upbeat analyst attention today are Tandem Diabetes Care Inc (NASDAQ:TNDM) and Neurocrine Biosciences, Inc. (NASDAQ:NBIX). We're going to take a closer look at shares of TNDM and NBIX below, including how Wall Street is positioning itself on both. For TNDM stock, Baird lifted its opinion to "outperform" and p...Read More
AQST stock, meanwhile, is fresh off a record lowStocks are looking for their first win of the week ahead of the Thanksgiving holiday. Among individual names making big moves are drug delivery technology expert Aquestive Therapeutics Inc (NASDAQ:AQST), Israel-based satellite firm Ability Inc (NASDAQ:ABIL), and roofing expert Beacon Roofing Supply, Inc. (NASDAQ:BECN). Here's a quick look at what's m...Read More
Gold futures climbed Wednesday, settling at their highest in two weeks and gaining week-to-date, on the back of some weakness in the dollar, a day after a tech- and energy-led rout prompted the Dow and S&P 500 to erase gains for 2018. Gold for December delivery GCZ8, -0.04% on Comex rose $6.80, or 0.6%, to settle at $1,228 an ounce, trading roughly 0.4% higher week-to-date. It settled at the...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More