BERLIN (Reuters) - NATO is developing new hi-tech tools, such as the ability to 3D-print parts for weapons and deliver them by drone, as it scrambles to retain a competitive edge over Russia, China and other would-be battlefield adversaries.General Andre Lanata, who took over as head of the NATO transformation command in September, told a conference in Berlin that his command demonstrated over 21...Read More
David GaffenNEW YORK (Reuters) - Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.U.S. futures closed down 7.1 percent, for a record 12th straight decline and the lowest since November 2017. More than 980,000 contracts changed hands, as funds shed positions....Read More
Karen Freifeld(Reuters) - President Donald Trump is expected to provide written answers to questions from the special counsel probing Russian interference in the 2016 U.S. presidential election as soon as this week, a person familiar with the matter said on Tuesday.The questions from Special Counsel Robert Mueller that Trump is preparing to answer relate only to Moscow’s involvement in the e...Read More
Steve HollandWASHINGTON (Reuters) - U.S. President Donald Trump is expected to remove Department of Homeland Security chief Kirstjen Nielsen and is considering replacing chief of staff John Kelly in another shakeup of his administration, a source close to the White House said.Trump has been mulling removing Nielsen, a Kelly protege who became the secretary at Homeland Security when he left the job...Read More
WASHINGTON (Reuters) - The U.S. federal government ran a $100 billion deficit in October, the first month of the new fiscal year, according to data released on Tuesday by the Treasury Department.The deficit was in line with analysts' expectations.The Treasury said federal spending rose 18 percent from the year-earlier month to $353 billion in October, while receipts were up 7 percent to $253 billi...Read More
(Reuters) - Home Depot Inc (HD.N), the biggest U.S. home improvement chain, suggested on Tuesday that the pace of U.S. home sales was slowing, and said impending trade tariffs could force it to raise prices on some products.The warning from the country’s top seller of power tools, flooring and lawnmowers overshadowed its stronger-than-expected third-quarter results and a higher annual sales...Read More
SAN FRANCISCO (Reuters) - Nigeria’s Main One Cable Co took responsibility on Tuesday for a glitch that temporarily caused some Google global traffic to be misrouted through China, saying it accidentally caused the problem during a network upgrade.The issue surfaced on Monday afternoon as internet monitoring firms ThousandEyes and BGPmon said some traffic to Alphabet Inc’s Google had be...Read More
(Kitco News)- Gold prices are expected to quietly move higher through therest of the year into 2019, butone of the world’s top precious metals consultancyfirms said investors shouldn’t expect to see fireworks as there currently isn’tan urgency for diversification.In a recent interview with Kitco News, Philip Newman,director and founding partner of Metals Focus, said that although...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
Monday's sell-off was in line with the norm, if this signal is any indicatorAfter a brutal October, U.S. stocks kicked off November with a bang. Specifically, the S&P 500 Index (SPX) enjoyed two straight weekly gains of at least 2% -- something we haven't seen in more than three years. Below, we take a look at what these signals could mean for both the stock index and Wall Street's "fear barometer...Read More
NEW YORK (Reuters) - The euro and sterling rose on Tuesday as Britain and the European Union agreed on a preliminary text for the nation to leave the economic bloc in a bid to avoid a chaotic divorce that would disrupt the region’s economy.The stronger euro and sterling spurred profit-taking in the dollar, which reached a 16-month peak against a basket of currencies on Monday.Uncertainty ove...Read More
(Reuters) - Zotye Automobile (000980.SZ), a Ford Motor Co (F.N) partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020.Ford is not involved in those plans by the Chinese automaker, spokesmen for the companies said.Ford had tapped Zotye to provide lower-priced electric vehicles to some of its dealers in China.“There is no current plan for Zotye USA to...Read More
Most analysts are already bullish on the nameLeerink resumed coverage on Adamas Pharmaceuticals Inc (NASDAQ:ADMS) with an "outperform" rating and $20 price target -- a nearly 75% premium to last night's close. After surging as much as 6.9% in early trading, ADMS stock was last seen down 1.2% at $11.32.More broadly speaking, it's been a rough stretch for ADMS shares, which have shed 61% year-over-y...Read More
The analyst cited an unusual amount of uncertaintiesAsure Software Inc (NASDAQ:ASUR) is getting hammered today, last seen down 9.2% at $6.46, and it earlier hit a two-year low of $6.27. This puts the shares on pace for a fourth straight straight daily decline, as they continue to pull back from a May high near $20 under the pressure of their 50-day moving average. Today's losses come after Dougher...Read More
The former Dow stock is pacing toward its best day since JuneIt's a mixed session on Wall Street as traders weigh U.S.-China trade news against spiraling oil prices. Among individual stocks making notable moves are former Dow component General Electric Company (NYSE:GE), LED specialist Cree, Inc. (NASDAQ:CREE), and real estate investment trust (REIT) JBG SMITH Properties (NYSE:JBGS). Here's a quic...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump’s top economic adviser said on Tuesday that the United States welcomed the resumption of talks with China on trade, while Vice President Mike Pence warned Beijing to change its behavior so as to avoid a new cold war with the United States.National Economic Council Director Larry Kudlow told reporters at the White House that the U.S. and Chin...Read More
WASHINGTON (Reuters) - President Donald Trump is moving to replace his deputy national security adviser after she feuded with first lady Melania Trump, two sources familiar with the matter told Reuters on Tuesday.The first lady complained to the president that she was unhappy with how she was being treated by Mira Ricardel, a former Boeing executive who worked on the Trump presidential campaign an...Read More
• The ongoing USD retracement helped limit early downslide. • Risk-on mood keeps a lid on any meaningful up-move. Gold quickly reversed a dip to fresh one-month lows, albeit struggled to build on the recovery move and remained well below session tops. The commodity stalled its recent bearish trajectory and showed some resilience belo...Read More
Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.03% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More
Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.04% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More