Gold futures settled slightly lower on the day, with the most active December Comex contract currently fixed at $1,229.60, a net decline of $0.50 on the day. However, gold scored modest gains this week. Gold opened on Monday at approximately $1,221.10, and it is currently fixed at $1,229.60, resulting in an eight dollar gain this week.Although the gains have been small and incremental, gold has no...Read More
Outstanding earnings from Procter & Gamble drove the Dow higherU.S. stocks closed today mixed, with the Dow staying afloat on the back of impressive blue-chip earnings -- specifically, from American Express (AXP) and Procter & Gamble (PG). The S&P spent the session dancing around breakeven, eventually closing lower alongside the Nasdaq and struggling tech stocks. Regardless, both the Dow and S&P m...Read More
LONDON (Reuters) - British Prime Minister Theresa May told business leaders during a teleconference on Friday that EU politicians are committed to reaching an agreement this autumn, striking what one source told Reuters was an upbeat tone.London and Brussels are racing to strike a deal by the end of the year and firms are worried that without one, there could be widespread disruption of everything...Read More
(Kitco News)- The miningsector is seeing some renewed excitement as gold prices post their third weekof gains, but one mining executive said that the sector still needs more toattract fresh investment capital.Mathieu Savard, president of the Quebec Mineral Exploration Association and vice-president of exploration for Osisko MiningIn aninterview with Kitco New on the sidelines of Xplor, the annual...Read More
WASHINGTON (Reuters) - U.S. law enforcement and intelligence agencies said on Friday they remain concerned about attempts by Russia, China, Iran and other foreign groups to interfere with congressional elections next month and the presidential election in 2020.The Office of the Director of National Intelligence, Justice Department, FBI and Department of Homeland Security said they do not have any...Read More
OTTAWA (Reuters) - The Canadian government on Friday said Lockheed Martin Corp (LMT.N) would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).The ministries of procurement and defense said Ottawa and Irving Shipbuilding, a Canadian firm which will actually build the vessels, had identified Lockheed Martin Canada as t...Read More
The stock has been halted most of the day Stocks are trading higher today and are set to close the week with a win. Two names in particular making a big move out of the healthcare sector are Anavex Life Sciences Corp. (NASDAQ:AVXL) and Dentsply Sirona Inc. (NASDAQ:XRAY), while China-based food processing concern Planet Green Holdings (NYSE:PLAG) soars. Here's what's moving shares of AVXL, XRAY, a...Read More
Netflix and a handful of Dow stocks moved on earningsIt was another roller-coaster week on Wall Street, as traders digested a slew of big-cap earnings reports and the latest economic data. September retail sales spooked investors early in the week, and another spate of lackluster housing data didn't help. In addition, the minutes from the Fed's September meeting took traders on a wild ride mid-wee...Read More
Long put options offer a way to bet bearishly with limited riskA put option is like a call in that it is a type of derivative that relies on the movement of the underlying stock to make a profit. Unlike a call option, a put gains value when the underlying stock moves lower. Buying a put is a bearish bet that gives the trader the right, but not the obligation, to sell the underlying shares for a sp...Read More
WASHINGTON (Reuters) - A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve.The decision by the Financial Stability Oversight Council could cut regulatory costs at Prudential, which no longer will have to meet enhanced capital and liquidity st...Read More
WASHINGTON (Reuters) - President Donald Trump came under criticism on Friday from U.S. lawmakers and press organizations after praising a Montana congressman who body-slammed a reporter last year.Trump’s praise for Greg Gianforte, a Republican member of the U.S. House of Representatives who pleaded guilty to a misdemeanor assault charge for the incident involving the reporter, coincides with...Read More
CHICAGO (Reuters) - A sharp jump in U.S. farmers seeking operating and equipment loans of at least $1 million fueled a spike in agricultural lending in the third quarter of 2018, as trade worries added to economic strain in the farm sector, the Federal Reserve Bank of Kansas City said on Friday.The increase in the size of loans also boosted the share of agricultural lending at large banks, adding...Read More
ANKARA (Reuters) - Turkish prosecutors investigating the disappearance of Saudi journalist Jamal Khashoggi questioned Turkish employees of the Saudi consulate in Istanbul on Friday, widening the hunt for evidence in a case straining some of Riyadh’s oldest alliances.Khashoggi went missing more than two weeks ago after entering the consulate to obtain documents in relation to a forthcoming ma...Read More
Gold futures fell Friday but secured a weekly advance, their third in a row, as a leading dollar index softened and stocks put in a mixed session. Investors kept tabs on budget tensions in Europe, which could have consequences for broader market sentiment. December gold GCZ8, -0.01% fell $1, or 0.1%, to $1,229.10 an ounce after spending time in positive and negative territory. The ICE U.S. Dollar...Read More
Gold futures fell Friday but secured a weekly advance, their third in a row, as a leading dollar index softened and stocks put in a mixed session. Investors kept tabs on budget tensions in Europe, which could have consequences for broader market sentiment. December gold GCZ8, +0.06% fell $1, or 0.1%, to $1,229.10 an ounce after spending time in positive and negative territory. The ICE U.S. Dollar...Read More
Incyte Corporation reported upbeat mid-stage results for its lung cancer treatmentEarlier today, Incyte Corporation (NASDAQ:INCY) reported upbeat results from its mid-stage study of Capmatinib, the company's lung cancer treatment sponsored by Novartis (NOVN). Incyte Corporation says the successful development could net over $500 million in future milestones. INCY stock is up 3.4% to trade at $66....Read More
NEW YORK (Reuters) - The Bank of England is preparing Britain’s financial system for the consequences of a “disorderly, cliff-edge” Brexit, however unlikely that may be, Governor Mark Carney said on Friday.With little more than five months to go until Britain leaves the European Union, London and Brussels have yet to finalize the terms of their divorce, leaving open the possibili...Read More
LONDON (Reuters) - (This October 18 story has been refiled to correct paragraphs 2 and 7 to say the report will be finalised, not published.)A report on risks to the stability of derivatives markets posed by Brexit could lead to regulatory intervention, European Commission officials said on Thursday, dismissing warnings they could tumble off a cliff if Britain leaves the EU with no deal.EU financi...Read More
MACON, Ga. (Reuters) - U.S. Federal Reserve officials are monitoring the case of missing Saudi journalist Jamal Khashoggi and the possibility that any sanctions against Saudi Arabia could disrupt oil markets, Atlanta Fed President Raphael Bostic said on Friday.Asked about the risks to the U.S. economic outlook at an event in Macon, Georgia, Bostic mentioned geopolitical risks generally, the Brexit...Read More
MEXICO CITY (Reuters) - Mexican Foreign Minister Luis Videgaray said on Friday that the country will face the challenge of responding to a migrant caravan that U.S. President Donald Trump has insisted must be halted before it reaches the U.S. border.Videgaray was speaking during a joint press conference in Mexico City with U.S. Secretary of State Mike Pompeo, who thanked Mexico for its efforts to...Read More