WASHINGTON/NEW YORK (Reuters) - The investigation into 10 pipe bombs sent to high-profile Democrats and critics of U.S. President Donald Trump is focusing on leads in Florida, a federal law enforcement source said on Thursday.Former Vice President Joe Biden and actor Robert De Niro on Thursday became the seventh and eighth intended targets of the bombs, all of which were intercepted before they ex...Read More
NEW YORK (Reuters) - Twitter Inc (TWTR.N) shares jumped as much as 22 percent on Thursday, putting them on track for their biggest one-day gain, as the social media company easily beat Wall Street’s revenue and profit estimates by selling more ads even though it lost users after purging millions of fake accounts.The surge in shares reversed a 19 percent fall three months ago when Twitter sho...Read More
MRVL, PPG, and LPT are joining in on the broad-market gainsU.S. stocks are on the rebound today, the Dow trading up more than 350 points at midday. Three names in particular making strong moves to the upside are semiconductor issue Marvell Technology Group Ltd. (NASDAQ:MRVL), paint supplier PPG Industries, Inc. (NYSE:PPG), and real estate investment trust (REIT) Liberty Property Trust (NYSE:LPT)....Read More
Less than a year after B2Gold Corp. (TSX: BTO; NYSE-AM: B2G) declared commercial production at its 80%-owned Fekola mine in southwestern Mali, the gold producer has updated the mine's resource estimate.Based on about 192,000 metres of exploration drilling in 928 holes, B2Gold estimates Fekola now contains 92.81 million indicated tonnes grading 1.92 grams gold per tonne for 5.73 million ounces of...Read More
WASHINGTON, Oct 25 (Reuters) - A sustained stock market sell-off would need to factor into the Fed’s policy debate, just as would any steady shift in financial conditions, Federal Reserve vice chair Richard Clarida said on Thursday.“Changes in financial conditions are something that is relevant for the economic outlook,” and need to be accounted for “if they are sustained,&...Read More
FRANKFURT (Reuters) - Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.“The automotive industry and thus also Daimler are still in a very challenging environment. The continued high demand from our c...Read More
Gold futures settled with a modest gain Thursday, finding support in the wake of sizable losses a day earlier as data showed that orders for core capital goods in the U.S. fell in September. "The U.S. core durable number was soft and this took the shine of the durable good order data," said Naeem Aslam, chief market analyst at Think Markets UK. "Hence, there is still a strong demand for gold and i...Read More
Mr. Mark Kolebaba reportsADAMERA CONTINUES TO INTERSECT GOLD MINERALIZATION AT OVERSIGHT Adamera Minerals Corp.'s drill hole OS18-03 on the Cooke Mountain project in Washington State intersected two gold-bearing zones. The hole was drilled 50 metres south of OS18-02 along the same north-south-trending induced polarization (IP) anomaly. The upper intercept assayed 1.6 grams per tonne gold over 0.45...Read More
GLUU is trading higher amid heavy volumesThe shares of mobile game maker Glu Mobile Inc. (NASDAQ:GLUU) are rallying today, with some pointing to a very bullish presentation from Stansberry Research that suggested the stock could rise exponentially. Whatever the reason, GLUU is trading 12.6% higher at $6.32, with volume already at the highest point in over a year. Meanwhile, options are also seein...Read More
(Reuters) - U.S. stocks rose on Thursday, as strong earnings from Microsoft helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.Traders said investors also went bargain hunting after the market rout on Wednesday erased the Dow and the S&P 500’s gain for the year and confirmed a correction for the Nasdaq.Microso...Read More
OSLO (Reuters) - Military forces from 31 countries began NATO’s largest exercise in decades, stretching from the Baltic Sea to Iceland, on Thursday, practicing military maneuvers close to Russia, which itself held a huge military drill last month.As temperatures fell below freezing across training grounds in central Norway, giving a taste of what it means to defend NATO’s vast northern...Read More
(Kitco News)- The Mines & Money Conference in Toronto happened duringa tumultuous time for the markets. The theme of discussion inevitably revolvedaround the nosedive that equities took the week before the conference, when theS&P 500 plummeted 7% between October 3rd and 11th andgold reacted by rallying 4% from October 9th to the 16th. Gold has since stayed near the $1,220 to $1,230 an ounc...Read More
WASHINGTON (Reuters) - New Federal Reserve vice chair Richard Clarida on Thursday said he’d support “some further” increase in interest rates as the best way to nurse the current U.S. recovery along while guarding against any jump in inflation.In his debut speech as the Fed’s second in command and the most recent appointee by President Donald Trump, Clarida said the economy...Read More
(Reuters) - Elon Musk's rocket company SpaceX is looking to borrow $500 million in the leveraged loan market through Goldman Sachs, which is leading talks with potential investors this week, Bloomberg reported on Thursday.The news comes weeks after SpaceX picked Japanese billionaire Yusaku Maezawa as its first private passenger on a voyage around the moon.SpaceX has upended the space industry with...Read More
(Kitco News) - Gold prices areslightly higher in early-afternoon U.S. trading Thursday. Some mild safe-havenbuying is being offset by solid gains in U.S. stock indexes at midday. However,nobody knows what late-session twists and turns the stock market will make. December gold futures were last up $1.40 an ounce at $1,232.40. December Comex silver was last down $0.041 at $14.635 an ounce. Ahigher U...Read More
(Kitco News)- Gold and silver markets could be two of the few commodities to survive an impending global economic slowdown in the next few years, according to one U.K. research firm.Although analysts at Capital Economics have little hope for gold prices this year, as the yellow metal continues to fight against rising U.S. interest rates, the firm reiterated its long-term forecast as it sees price...Read More
600 points. Dow plunged so much yesterday. The S&P 500 and Nasdaq also suffered. The persistence of losses is disturbing. Should, then, gold shine? Bears Are Back in Town The stock market sell-off continues. Yesterday, the Dow Jones Industrial Average dropped more than 600 points. It means that the index erased all of its 2018 gains, as one can see in the chart below. Similarly, the S&a...Read More
OTTAWA (Reuters) - Senior officials from 12 countries gathered in Canada on Thursday for talks to find ways of reforming the World Trade Organization and to address U.S. grievances which are threatening the body’s future.The administration of U.S. President Donald Trump is blocking appointments of WTO judges and has threatened to pull out of a grouping designed to ensure a rules-bound global...Read More
(Reuters) - Tesla Inc (TSLA.O) shares jumped on Thursday as Wall Street analysts said the company had turned a corner with profitable third quarter results and might not now need to raise outside capital.Rising 12 percent at one point in early trading, the move in shares added as much as $6 billion to Tesla’s market value, capping a tumultuous few months for the company and its billionaire c...Read More
The Dow and Nasdaq are higher, tooThe Dow Jones Industrial Average (DJI) is on the rebound today, up more than 350 points as earnings season hits high gear. A positive reaction for Microsoft's (MSFT) quarterly results has the tech stock at the top of the Dow, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both confidently higher as well, with the former set to snap its six-day los...Read More