NEW YORK (Reuters) - U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent.A slide in Apple’s shares to their lowest since July 6 battered the technology sector on concerns about iPhone demand, with mixed signals over the state of play between the United States and China on their trade dispute add...Read More
WASHINGTON (Reuters) - Federal Reserve governor Randal Quarles is to become the new head of the Financial Stability Board, the international body that helps monitor and safeguard financial stability globally, two people familiar with the process said.He will replace Mark Carney, the Bank of England governor whose term ends this year. Klaas Knot, president of the Dutch Central Bank, is expected to...Read More
(Reuters) - President Donald Trump’s appointment of Matthew Whitaker as acting U.S. attorney general on Nov. 7 drew another legal challenge on Monday, this time by three Democratic senators.Senators Richard Blumenthal, Sheldon Whitehouse and Mazie Hirono sued Whitaker and Trump, asking for a court order stating the appointment violated the U.S. Constitution by denying the Senate its right to...Read More
YUKON - ATAC Resources of Vancouver continues to drill on that part of the Rackla gold project not optioned to Barrick, and has made high grade gold discovery at surface at the Osiris property.Two rotary air blast (RAB) holes 1,000 metres southwest of the Conrad zone and 800 metres east of the Ibis zone returned 1.5 metres of 3.05 g/t gold and 6.1 metres of 3.39 g/t.Step-out drilling at the Osiris...Read More
YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More
The WSJ is the latest media outlet to report on leadership trouble at FBThe shares of Facebook, Inc. (NASDAQ:FB) are down 5.8% today to trade at $131.40, fresh off a 22-month low of $131.27. In addition to a broader FAANG stock sell-off, the social media name could be reacting to another PR disaster, with the Wall Street Journal the latest media outlet to weigh in on CEO Mark Zuckerberg's leadersh...Read More
Friday's trading session was mixed, as investors continued to hesitate following the recent decline. The S&P 500 index extends its month-long fluctuations along the level of 2,700. Is this some medium-term bottoming pattern?The U.S. stock market indexes were mixed between -0.2% and +0.5% on Friday, extending their short-term fluctuations, as investors continued to hesitate following last week'...Read More
Gold futures settled at a more than one-week high on Monday, with geopolitical uncertainty helping the precious metal tally a fourth straight session gain. "The fact that investors have revisited gold as a major safe haven will keep it to top of mind as the year ends," said Alfonso Esparza, senior market analyst at Oanda. "The U.S. dollar has appreciated against all major pairs year to date but as...Read More
Superior Gold (TSXV: SGI; US-OTC: SUPGF) has announced results for 9,700 metres drilled across 51 holes aimed at expanding the reserves and resources at the Indian zone on its 100% owned Plutonic gold mine in Western Australia.The company currently has three diamond drills operating underground at the project. It has focused two on grade control and infill drilling and the third on resource and r...Read More
AAPL stock is on pace for its worst month since the financial crisisAn ongoing decline in the shares of Apple Inc. (NASDAQ:AAPL) has been the biggest story on Wall Street today, as the Dow stock falls on another concerning news story about iPhone production cuts which follows a string of bearish analyst notes. Last seen down 3.9% at $185.97, AAPL is on pace for its lowest close since July, and its...Read More
NEW YORK (Reuters) - The Federal Reserve is pushing ahead with gradual rate-hike plans next month as it marches toward a more normal policy stance that would keep the economy expanding, one of its most influential members said on Monday in the face of growing doubts in financial markets.New York Fed President John Williams, a close ally of Fed Chair Jerome Powell and a permanent voter on monetary...Read More
Raymond James likes the potential of VKTX's liver disease drugThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 1.8% to trade at $11.86, getting a boost from Raymond James, who upgraded the biotech name to "strong buy" from "outperform. The analyst in coverage waxed optimistic on the potential of the company's liver disease drug. And in response to the bull note, options traders today a...Read More
Walt Disney, meanwhile, is getting hit by broad-market headwindsThe U.S. stock market is spiraling today on tech sector weakness. While entertainment name Walt Disney Co (NYSE:DIS) is getting hit with broader headwinds, Chinese stocks Nio Inc (NYSE:NIO) and Yulong Eco-Materials Ltd (NASDAQ:YECO) are bucking the bearish bias. Here's a closer look at what's moving shares of DIS, NIO, and YECO.Disney...Read More
JERUSALEM (Reuters) - Home-renting company Airbnb Inc <AirBnB Inc> said on Monday it would remove listings in Israeli settlements in the occupied West Bank, a move Israel called a “wretched capitulation” to boycotters and Palestinians hailed as a step towards peace.The decision, affecting some 200 listings, would take effect in the coming days, Airbnb said.Israel captured the Wes...Read More
In mid-2018, First Vanadium drilled 69 reverse circulation holes as part of the phase two drilling program at its Carlin vanadium project, 9.6 km south of Carlin, NevadaOf those, 33 were step out holes and 36 were infill holes. The company recently reported results from 10 of those step out holes.The drilling focused on a 300 metre by 220 metre area and connected shallow near horizontal mineraliza...Read More
UNITED NATIONS (Reuters) - Turkish Foreign Minister Mevlut Cavusoglu did not request a U.N. inquiry into the death of Saudi journalist Jamal Khashoggi when he met with U.N. Secretary-General Antonio Guterres on Monday, a U.N. spokesman said, though they did discuss the case.“They discussed Yemen, Syria, Cyprus, as well as the murder of Jamal Khashoggi,” U.N. spokesman Stephane Dujarric...Read More
While the stock market has struggled, this equity has muscled higherWhile battered PG&E (PCG) has been dominating headlines recently due to its role in the California wildfires, one other utility stock made a blip on our radar: Dominion Energy Inc (NYSE:D). While most other stocks have swooned since October, shares of theelectric and natural gas supplier have muscled higher. However, that could ch...Read More
(Reuters) - Tesla Inc (TSLA.O) could be interested in partnering with Daimler AG's (DAIGn.DE) Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet here on Monday."Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That's a great van. We will inquire," Musk replied here to a comment by a Twitter user enquiring about an...Read More
BOGOTA - Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years.The financing law helps to guarantee the competitiveness of the industry that competes with countries like Peru and Chile for attracting investmentsThe...Read More
WASHINGTON (Reuters) - Three Democratic senators launched a new legal challenge on Monday to President Donald Trump’s naming of Matthew Whitaker as acting attorney general, accusing Trump of depriving the U.S. Senate of its constitutional power to act on such appointments.The lawsuit was filed in federal court in Washington by Senators Richard Blumenthal, Sheldon Whitehouse and Senator Mazie...Read More