(Reuters) - U.S. stocks rose on Monday led by gains in technology shares and Friday’s robust jobs data, which gave investors heightened confidence that the U.S. economy remained strong.Apple (AAPL.O) rose 1 percent, providing the biggest boost to the Nasdaq .IXIC and S&P 500 .SPX.Microsoft rose 0.3 percent after saying it would buy privately held coding website GitHub Inc for $7.5 bil...Read More
NEW YORK (Reuters) - Prices of U.S. renewable fuel credits for 2018 hit fresh five-year lows on Monday as expectations mounted the administration under U.S. President Donald Trump would soon announce its plans for an overhaul of the biofuels program, traders said.The Trump administration is expected on Monday to announce changes in biofuels policies, including a plan to count ethanol exports towar...Read More
WASHINGTON (Reuters) - New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector.Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show orders rising 1.7 per...Read More
(Kitco News)- Thegrowing threat of a trade war is not great news for commodity markets as itcould reduce global demand as economic growth prospects falter.Image courtesty of Panoro MineralsHowever,one junior mining explorer thinks copper is in a position to withstand theprotectionists’ assault on global markets and global growth as the base-metalsmarket faces a significant imbalance in its s...Read More
(Kitco News) - Large speculatorsincreased their net bullish positioning in gold futures and moved into a smallnet-long position for silver during the most recent reporting week for datacompiled by the Commodity Futures Trading Commission.During the week-longperiod to May 29 covered by the report, Comex August gold rose $6.70 to$1,304.10 an ounce, while July silver lost 20.2 cents to $16.373.Net lo...Read More
OTTAWA/WASHINGTON (Reuters) - Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.This year’s meeting is likely to be overshadowed by Trump’s planned summit with North Korean leader Kim Jong Un, tentatively sch...Read More
ANKARA (Reuters) - Progress will be made regarding Kurdish militants in Syria, Turkish Foreign Minister Mevlut Cavusoglu was quoted as saying on Monday, after holding talks with his U.S. counterpart in Washington.Turkey’s state broadcaster TRT Haber also quoted Cavusoglu as saying that his talks with U.S. Secretary of State Mike Pompeo were “very successful”, while private news c...Read More
(Bloomberg) - Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in 2019 as the dollar weakens.The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That...Read More
(Reuters) - Microsoft Corp (MSFT.O) said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to expand its clout among software developers.GitHub supplies coding tools for developers and calls itself the world’s largest code host with more than 28 million developers using its platform.“Microsoft is a developer-first company, and by joi...Read More
The FAANG stock was on a four-day winning streak heading into today's tradingData privacy concerns that plagued Facebook Inc (NASDAQ:FB) last spring resurfaced over the weekend, after the New York Times reported the company gave a number of its partnered phone and device makers -- such as Apple (AAPL) and Amazon (AMZN) -- unauthorized access to user data. In response, Facebook has insisted the pa...Read More
(Reuters) - Wall Street's three main indexes opened higher on Monday led by gains in Microsoft and Apple as well as Friday's robust jobs data which continued to boost investor optimism on strength in the U.S. economy.The Dow Jones Industrial Average .DJI rose 92.34 points, or 0.37 percent, at the open to 24,727.55.The S&P 500 .SPX opened higher by 7.05 points, or 0.26 percent, at 2,741.67....Read More
(Reuters) - Facebook Inc (FB.O) on Sunday rejected claims by the New York Times that it had allowed Apple and other major device makers “deep” access to users’ personal data saying any such links were tightly controlled and largely subject to users’ consent.Facebook shares fell 1.3 percent to $191.50 before the bell on Monday, in what was otherwise an upbeat start for Wall...Read More
bluebird bio stock has been on a tear over the past yearBiotech concern bluebird bio Inc (NASDAQ:BLUE) is higher in today's trading after the company reporteddata for its immunotherapy drug bb2121, which showed cancer patients survived for a median of roughly 12 months after receiving the treatment before their conditions worsened. In response, BLUE is 2.4% higher to trade at $186.80. Thisprice a...Read More
Early data for the company's combination cancer treatment is sparking the sell-offShares of Nektar Therapeutics (NASDAQ:NKTR) have plunged 30.8% to trade at $62.50 -- pacing for their worst day since August 2004 -- after early data from the company's experimental cancer treatment, NKTR-214, with Bristol-Myers Squibb's (BMY) Opdivo failed to meet Wall Street's expectations. Specifically, the respon...Read More
Mr. Brett Heath reportsMETALLA DECLARES MONTHLY DIVIDENDMetalla Royalty and Streaming Ltd.'s board of directors has approved and declared a monthly cash dividend payment of 0.15 cent per share for July, August and September on its common shares for the upcoming quarter (subject to any applicable tax withholding obligations).Brett Heath, Metalla's president and chief executive officer, commented: "...Read More
(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans.These stockpickers would have weighed Musk’s forceful public persona in their decisions to buy and hold Tesla shares in the first place, and...Read More
BERLIN (Reuters) - German Chancellor Angela Merkel on Monday proposed a euro zone budget for investment in weaker member states with the goal of improving the lives of people in those countries and strengthening convergence in the currency bloc.“That’s why I propose an investment budget with which we could strengthen those who want to be excellent but are still weaker,” Merkel sa...Read More
WHR shares hit a two-year nadir on FridayShares of home appliance giant Whirlpool Corporation (NYSE:WHR) have had a rough 12 months, falling almost 23% and touching a two-year low of $143.11 on Friday. The stock got a brief shot in the arm back in January after the Trump administration announced tariffs on imported washing machines, but those gains evaporated quickly and the long-term downtrend wa...Read More
NEW YORK (Reuters) - For Alberto Ferracuti, a coffee grower in El Salvador, bourbon really does grow on trees.Ferracuti and many other farmers in the Central American country have turned to specialty coffee trees - identified by fanciful names such as bourbon, geisha and pacas - in hopes of reviving a local industry devastated by crop disease just a few years ago.The trees produce some of the worl...Read More
Trade negotiations between Washington and Beijing fell apart over the weekendFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value this morning, as the blue-chip index looks to build on Friday's jobs rally. This is helping offset trade war fears, with the U.S. and China failing to agree on tariff terms over the weekend, and finance ministers from the non-U.S. Group of...Read More