Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
U.S. stocks tumbled in trading this afternoon with selling pressure a result of multiple factors. After producing respectable gains throughout the week, U.S. equities reacted to two major events, as well. First, market participants reacted to the statement released by the Federal Reserve yesterday from this month's FOMC meeting. Second, data suggested a "hotter-than-expected" reading on producer p...Read More
The DJI couldn't capitalize on strong Disney earningsThe Dow dropped over 200 points today, despite an impressive earnings beat from Walt Disney (DIS). Lackluster data out of China weighed on stocks, and traders also watched as oil prices slipped further into bear market territory. In fact, black gold dropped for a 10th straight session, marking its longest losing streak in over 30 years. Meanwhil...Read More
Mr. Paul Kuhn reportsAVRUPA CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT AND BEGINS DRILLING PROGRAM AT ALVALADE, PORTUGALAvrupa Minerals Ltd. has closed the first tranche of its private placement of $500,000 composed of 10 million units as announced on Oct. 22, 2018.With the closing of this first tranche, Avrupa will begin its 2,500- to 3,000-meter drilling program at the Alvalade copper-zinc VMS Pr...Read More
NEW YORK (Reuters) - The U.S. dollar rose toward a 16-month high against the euro on Friday as falling equity prices spurred a flight to quality and the U.S. Federal Reserve reaffirmed its monetary tightening stance, citing the strong U.S. economy.The S&P 500 fell more than 1 percent, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a sli...Read More
(Reuters) - Microsoft Corp (MSFT.O) said in a filing late Thursday it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub.Microsoft acquired the company, which developers use to keep track of software code changes as they write applications, in June, in a $7.5 billion deal that was described at the time as an all-stock transaction.But in Nov. 8...Read More
WASHINGTON (Reuters) - China’s top diplomat Yang Jiechi on Friday told reporters that Beijing’s trade war with Washington can be resolved through talks and that any ongoing conflict would hurt both countries as well as the world’s larger economy.U.S.-China trade and economic relations are “critical to the world economy,” Yang said at a news conference with U.S. Secret...Read More
BRISTOL, England (Reuters) - Brexit is distracting Britain’s government and businesses from the longer-term challenges of boosting productivity and living standards, Bank of England Chief Economist Andy Haldane said on Friday.BoE Governor Mark Carney has previously said Britain’s economy has so far probably grown almost 2 percent less than it would have done if voters had backed stayin...Read More
WASHINGTON (Reuters) - President Donald Trump’s appointment of a new acting attorney general faced growing scrutiny on Friday, with the U.S. Senate’s top Democrat accusing him of ignoring the proper line of succession and some legal experts calling it unconstitutional.Trump named Matthew Whitaker to replace former Attorney General Jeff Sessions, who was forced out on Wednesday. The mov...Read More
Ignoring select Vanguard funds can help investors make 226% more than the average Vanguard investor.With more than 180 funds to choose from, most every Vanguard investor needs advice on which funds are best for them to own. Trouble is...Vanguard tells investors to buy funds no one should own, while hiding some of their strongest funds.Wealthy investors are some of the most demanding people out the...Read More
GAZA (Reuters) - A $15 million Qatari cash infusion was paid out to impoverished Palestinian civil servants in the Gaza Strip on Friday, offering Hamas a potential domestic reprieve though Israel said the money would not go to the dominant Islamist group.Hamas’s political rival based in the West Bank, Palestinian President Mahmoud Abbas, has slashed Gaza budgets, beggaring tens of thousands...Read More
WASHINGTON (Reuters) - White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal.“When these unpaid foreign agents engage in this kind of diplomacy, so-called...Read More
WASHINGTON (Reuters) - The United States on Friday said it was extending the deadline for the divestiture of holdings of sanctioned Russian companies EN+ <ENPLq.L >, Rusal (0486.HK) and Gaz PAO (GAZA.MM) until Jan. 7, 2019.The move extends licenses relating to the sanctioned firms to authorize activities needed to wind down operations or existing contracts as well as licenses to authorize tr...Read More
Gold and silver prices dropped Friday, prompting the yellow metal to suffer a 2% weekly loss, nicked by a firmer dollar that has been bolstered by the Federal Reserve's adherence to an interest rate-tightening cycle. Sharp losses for stocks for the session, which are partly tracking the plunge into a bear market for oil, failed to limit gold's downside even as a so-called risk-off sentiment contr...Read More
WASHINGTON (Reuters) - The United States on Friday urged China to halt its militarization of the disputed South China Sea, drawing a rebuke from Beijing for sending U.S. warships and planes close to islands claimed by China in the strategic waterway.During a round of high-level talks in Washington, the two sides aired many of their main geopolitical differences, including a bitter trade dispute, f...Read More
Trump called the Keystone ruling 'a disgrace'The U.S. stock market is lower today, as oil prices head for a 10th straight loss. Among individual names making big moves are oil-and-gas issue Canadian Natural Resources Ltd (NYSE:CNQ), bobblehead maker Funko Inc (NASDAQ:FNKO), and money transfer provider MoneyGram International Inc (NASDAQ:MGI). Here's a quick roundup of what's moving shares of CNQ,...Read More
The major indexes pared gains as oil prices plummetedBlue chips showed strength this week, with an earnings-induced bull gap for big-cap energy name Chevron (CVX) getting the bullish ball rolling on Monday. Wall Street's positive reaction to midterm election results in the U.S. only created bigger tailwinds, with the insurance sector seeing notable gains after several states voted to expand Medica...Read More
• The precious metal extended its bearish slide for the sixth consecutive session and dropped to near one-month lows after hotter than expected US PPI figures. • On the daily chart, the commodity has struggled to sustain above $1235 horizontal zone on closing basis, forming a bearish double-top chart pattern. • Sustained...Read More
Exchange-traded funds backed by gold increased their holdings by $1 billion in October, marking a possibly bullish shift in investor sentiment toward the precious metal. The ETFs hold physical gold assets, which are equivalent to the fund's asset value. Investors in the funds don't own gold directly and thus save on storage costs. The ETFs are constantly buying and selling gold as investors purcha...Read More
(Kitco News)- Goldhas given up its October gains and analysts say that it will be difficult forthe yellow metal to rally as oil prices fall into bear-market territory,according to some commodity analysts.We’reonly in the first week, but November is proving to be a disappointing month forgold as the yellow metal trades near a four-week low. December gold futures last traded at $1,208.60 an ou...Read More