NEW YORK (Reuters) - U.S. President Donald Trump’s favorite report card on his presidency may be failing him at a critical moment.U.S. stocks have fared well since Trump took office, a fact he has repeatedly touted, but have stumbled badly in October. The S&P 500 .SPX is down 7.6 percent and on course for its biggest monthly drop of Trump's presidency with fewer than two weeks before v...Read More
LONDON (Reuters) - Banks in Britain must hold enough cash to withstand any disorderly Brexit hitting financial markets next March, Bank of England Deputy Governor Sam Woods said on Thursday.Woods said he was making sure that Britain’s departure from the European Union is as smooth as possible for markets, even if there is no exit deal between London and Brussels.“Just in case things go...Read More
The brokerage firm upgraded a number of homebuilding stocksHomebuilding stocks have taken a hit lately amid an onslaught of dismal housing data. The sector is higher today, though, on an upbeat pending home sales report and a bull note from Evercore ISI. The brokerage firm said to buy the weakness on housing stocks, and upgraded several names in the group to "overweight" from "inline," including K...Read More
(Reuters) - Credit rating agency Moody’s Investor Service changed its outlook on the U.S. retail industry to “positive” on Thursday, for the first time since July 2015, buoyed by optimism surrounding the economy and benefits from the retailers’ online investments.The retail industry has seen a resurgence this year with increased consumer spending and higher wages after bein...Read More
MEXICO CITY (Reuters) - Mexican central bank governor Alejandro Diaz de Leon said on Thursday that there is no indication that client resources in the financial system were affected by a recent cyber attack on insurer AXA.AXA said on Tuesday that it suffered a cyber attack on Monday, but that its clients' information and resources were safe and had not been affected.Reporting by Anthony Esposito;...Read More
Blue chips Exxon Mobil and Chevron will report earnings on FridayIt will be another busy week, with the latest batch of jobs data trickling in, including Friday's monthly payrolls report. Earnings season continues to heat up, too, with FAANG members Apple Inc. (NASDAQ:AAPL) and Facebook, Inc. (NASDAQ:FB) set to report -- and Apple is expected to unveil a new line of products on Tuesday. Several Ap...Read More
Mr. Greg Smith reportsCALIBRE MINING AND ROSITA MINING CONCLUDE AGREEMENT WITH NEW PARTNER FOR A US$8.5 MILLION INVESTMENT IN THE ROSITA D JOINT VENTURE, NORTHEASTERN NICARAGUACalibre Mining Corp., together with its joint venture (JV) partner, Rosita Mining Corp., has entered into a joint venture agreement with Century Mining for the further development and advancement of the Rosita D joint ventur...Read More
The stock market sold off sharply yesterday following the main indexes' breakdown below their October the 11th local lows. The S&P 500 broke below its long-term upward trend line, after falling below 2,700 mark again. Will the decline extend even further?The U.S. stock market indexes lost 2.4-4.4% on Wednesday, accelerating their downtrend, as investors' sentiment much worsened following globa...Read More
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