Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are both scheduled to report earnings on Thursday, the former after the market closes, the latter before the open. The stocks have benefited greatly from the broad-market rally, sporting year-over-year gains of 50% and 55%, respectively, while both are trading in record-high territory. As such, Wall Street is extremely bullish on V and MA ahead of ea...Read More
(Adds stocks and sectors, updates prices)Jan 29 (Reuters) - Canada's main stock index fell on Monday, hitting its lowest level in a month as energy and other resource shares declined alongside the price of oil.* At 10:24 a.m. ET (15:24 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 78.5 points, or 0.48 percent, at 16,160.72.* The index hit a session low of 16,150.88, its...Read More
(via TheNewswire)Vancouver, British Columbia /TheNewswire /January 29, 2018-Adamera Minerals Corp. (TSX-V: ADZ)announces that the US Forest Service (USFS) has approved a Plan of Operation allowing Adamera to drill test a number of high priority targets on the Cooke Mountain Project in Washington State. Targets under the Plan of Operation include SE-01, Key West Central and Key West North. Drilling...Read More
The U.S. stock market is pacing for a down day, but not all of the action among individual equities is negative. In fact, FAANG stocks Alphabet Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) hit record highs out of the gate, after analysts waxed optimistic ahead of the key quarterly earnings reports. Here's a closer look at the brokerage notes shares of GOOGL and AMZN are reacting to.Alphab...Read More
By Arno Schuetze and Dasha AfanasievaFRANKFURT/LONDON, Jan 29 (Reuters) - U.S. buyout firm Bain is moving ahead with preparations for the initial float of French vehicle spare parts distributor Autodis , which could take place in March or April, sources familiar with the matter said. BNP Paribas and Goldman Sachs are organising the deal as so called global coordinators, with Citi , HSBC and Natixi...Read More
Mr. Matther Hornor reportsMAPLE GOLD SIGNS CONTRACT FOR TOP-OF-BEDROCK DRILLING AND SECURES ADDITIONAL DIAMOND-CORE RIGS FOR WINTER CAMPAIGNMaple Gold Mines Ltd. has signed a contract with Overburden Drilling Management, which will oversee the reverse circulation top-of-bedrock drilling, with SES Inc. providing the initial RC drill rig. Maple Gold has also finalized an agreement with Forage Hebert...Read More
NEW YORK (Project Syndicate) - The financial-services industry has been undergoing a revolution. But the driving force is not overhyped blockchain applications such as bitcoin. It is a revolution built on artificial intelligence, big data, and the internet of things. Already, thousands of real businesses are using these technologies to disrupt every aspect of financial intermediation. Dozens of on...Read More
Chinese e-commerce concern Alibaba Group Holding Ltd. (NYSE:BABA) is seeing an increase of analyst attention this week, just ahead of the company's fiscal third-quarter earnings, scheduled for before Thursday's market open. Also, it was just announced that Alibaba Cloud will be used to monitor and analyze traffic patterns in Malaysia's capital, Kuala Lumpur. Plus, investors are digesting headlines...Read More
Lockheed Martin Corporation (NYSE:LMT) stock is buzzing this morning, after the defense company reported an impressive fourth-quarter revenue beat. The upbeat figures were fueled by higher sales from Lockheed's F-35 fighter jet program. Further, the firm forecast rising profits in 2018. In response, LMT stock is up 2.1% to trade at $352.03, and just off a new record high of $352.57.Lockheed Martin...Read More
By Daniela DesantisASUNCION, Jan 29 (Reuters) - Paraguay's opposition coalition to the conservative Colorado Party in April elections will push to increases taxes on the nation's large agricultural sector, its presidential candidate told Reuters.Efra?-n Alegre, who will face off against Colorado's Mario Abdo, said the plan would be presented in two weeks and include changes to taxes on the trade o...Read More
(Adds details, background)By Ebru TuncayISTANBUL, Jan 29 (Reuters) - The date of Turkish healthcare provider Memorial's initial public offering has not yet been set, its chief executive said on Monday, and two sources said it may be delayed to avoid clashing with another health care group IPO next month.Memorial intended to float more than a third of its capital with 30 million lira ($7.94 millio...Read More
Jan 29 (Reuters) - Canada's main stock index fell shortly after the opening bell on Monday, weighed by a decline in energy and other resource shares as the price of oil tumbled.At 9:45 a.m. EST (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 69.65 points, or 0.43 percent, at 16,169.57. (Reporting by Leah Schnurr) Disclaimer: The views expressed in this article are t...Read More
Mr. Eric Fier reports SILVERCREST EXPANDS BABICANORA HIGH-GRADE FOOTPRINT TO 1.3 KILOMETRES; MORE BONANZA GRADESSilvercrest Metals Inc. has released additional phase II drill results for the Las Chispas property located in Sonora, Mexico. Stepout drilling of the Babicanora vein continues to intersect high-grade mineralization with an increase in the reported high-grade footprint from 1,000 metres...Read More
Mr. Marc Prefontaine reportsORLA ANNOUNCES C$25,480,000 BOUGHT DEAL FINANCINGOrla Mining Ltd. has entered into an agreement with a syndicate of underwriters led by GMP Securities LP, pursuant to which the underwriters will purchase, on a bought deal basis, 14.56 million units of the company at a price of $1.75 per unit for aggregate gross proceeds to the company of $25.48-million.Each unit will co...Read More
Stock futures are trading below fair value ahead of a busy week on Wall Street, with Apple earnings, President Donald Trump's first State of the Union address, and the last Fed meeting for Chair Janet Yellen on tap. Today, though, traders are digesting a tepid rise in consumer spending last month, along with a 12-year low in the saving rate. Separately, the core personal consumption expenditures (...Read More
"One of the world's largest money managers says you should fear the lack of fear in markets. ...Pacific Investment Management Co. says now is the time for caution." (Jan. 17)"Recent 'Odd' Market Moves May Be a Warning Sign for Stocks" (Jan. 21)"Slowing Cash Flow Could Mean a 'Nasty Surprise' for U.S. Stocks" (Jan. 23)"U.S. stocks are set for a correction of 5% or more this year after the longest s...Read More
Preciousmetals and commodities generally are moving lower, pressured mainly by a modestreversal higher in the U.s. dollar, says INTL FCStone. The approach of aFederal Reserve meeting this week may be leading to some dollar short covering,especially considering that bets against the dollar hit record highs, based onthe most recent data from the Commodity Futures Trading Commission, INTLFCStone says...Read More
(Kitco News)- Gold pricesremain under pressure, seeing little reaction to muted inflation pressuresthrough 2017.Monday, TheU.S. Department of Commerce said that Personal Consumption Expenditures Index,0.1% in December, in line with expectations. However, for the year, the datashowed that inflation increased by 1.7%, down from November's reading of 1.8%.Coreinflation, which strips out volatile food...Read More
We expect the US Dollar Index to rally backup to 92.00 levels.-Gold is overbought and due for a correction.A time for a consolidation is at hand. Dollar Rally? One the highlights in the news last week was the world economic forum in Davos. On Wednesday, the US dollar struck a weaker note on the basis of comments by the US Treasury Secretary Steven Mnuchin. He said, ahead of the central bank's poli...Read More
(Kitco News) - Gold remains under pressure as dollar buyers emerge. Lastweek, we suggested going flat near the 2016 double top at $1,365, with an expectation of a move to the $1,345 area.Recent jawboning by the President that the U.S. wants a stronger dollar and thereversal by Treasury Secretary Mnuchin, that he was not advocating a weakerdollar policy has encouraged dollar bears to cover. Th...Read More