Gold stocks Articles

Wells Fargo Plans 1,000 U.S. Job Cuts

Thursday November 15, 2018 16:18 / Kitco News

Imani Moise(Reuters) - Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.The layoffs are consistent with the bank’s previously announced plans to reduce headcount by up to 10 percent by 2020, spokesman Tom Goyda said. Wells Fargo, the No. 4 U.S. bank by a...Read More

Automaker Groups Warn U.S. Tariffs Will Undermine New NAFTA Deal

Thursday November 15, 2018 16:17 / Kitco News

David LawderWASHINGTON (Reuters) - U.S. automakers and parts suppliers on Thursday urged the Trump administration to end steel and aluminum tariffs on Mexico and Canada and warned that potential U.S. national security tariffs on automotive imports would lead to widespread job losses.In testimony at a U.S. International Trade Commission hearing on the deal to replace the North American Free Trade A...Read More

Fed Plans Major Review Of How It Pursues Inflation, Employment Goals

Thursday November 15, 2018 16:16 / Kitco News

Jonathan SpicerNEW YORK (Reuters) - The Federal Reserve, under pressure from a critical White House even while it largely hits its targets of stable inflation and maximum employment, will conduct an extensive review next year of how it guides the world’s largest economy.The U.S. central bank said on Thursday it will hold a series of forums across the country to hear from a “wide range&...Read More

U.S. Imposes Sanctions For Khashoggi Killing, Saudis Seek Death Penalty

Thursday November 15, 2018 16:13 / Kitco News

Patricia Zengerle, Stephen KalinWASHINGTON/RIYADH (Reuters) - The United States imposed economic sanctions on 17 Saudi officials on Thursday for their role in the killing of journalist Jamal Khashoggi, as Saudi Arabia’s public prosecutor sought the death penalty for five suspects in the murder.The U.S. Treasury Department sanctions were the first concrete response by the Trump administration...Read More

USTR says next tranche of U.S. tariffs on imports from China on hold: FT

Thursday November 15, 2018 16:07 / Kitco News

WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of tariffs on Chinese imports has been put on hold as the two nations pursue talks, the Financial Times reported on Thursday, citing an unnamed person familiar with the situation.U.S. President Donald Trump has already imposed tariffs on $250 billion of Chinese imports into the U...Read More

Bitcoin Investors In For More Pain As Prices Hit 13-Month Low Below $6,000

Thursday November 15, 2018 15:43 / Kitco News

(Kitco News)- The digitalcurrency market is attracting new attention of the wrong kind as marketanalysts warn that they see further declines in the near-term as the newdowntrend picks up momentum.Bitcoin,the leader in the cryptocurrency sector, has fallen further below the $6,000level as it trades near its lowest level in 13 months. According to Kitco.comaggregated charts, bitcoin last traded at 5...Read More

Fed's Kashkari Sticks To View That Rates Do Not Need To Rise

Thursday November 15, 2018 15:37 / Kitco News

(Reuters) - The U.S. Federal Reserve should hold off on raising interest rates to allow more workers to get jobs, adding that the central bank can always raise rates to head off inflation if it starts to rise too fast, Minneapolis Fed President Neel Kashkari said on Thursday.Speaking at the Minnesota Ag and Food Summit, Kashkari said he sees no signs of overheating yet, or of inflation taking off....Read More

Why the Next Crisis Could Be Cash

Nov 15, 2018 3:24 PM / Stansberry Research Sponsored

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analyst...Read More

Thanksgiving Week Stuffed With Retail Earnings

Nov 15, 2018 3:23 PM / Patrick Martin

U.S. markets will close early on Black FridayThanksgiving week is coming up, and investors will have plenty to digest on Wall Street. The upcoming calendar during the holiday-shortened week features a full plate of economic data and corporate earnings. Some notable earnings names include retail stalwarts Target (TGT), Lowe's (LOW), Kohl's (KSS), and Urban Outfitters (URBN). In addition, investors...Read More

Switch Call Options Pop After Rare Upgrade

Nov 15, 2018 2:54 PM / Karee Venema

Most analysts are skeptical of the long-term laggardRaymond James upgraded Switch Inc (NYSE:SWCH) to "strong buy" from "market perform," while maintaining its $11.50 price target -- a nearly 63% premium to last night's close. The brokerage firm said SWCH shares look "compelling" following yesterday's earnings-induced bear gap, and the data center operator's "assets have significantly better operat...Read More

Endeavour increases indicated resource 90% at Kari Pump

Nov. 15, 2018, 2:39 PM / Northern Miner Staff

Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has increased the Kari Pump indicated resource at its Hounde gold mine in Burkina Faso by 40% at a $9 per oz. gold discovery cost. Kari Pump is located 7 km west of the Hounde mine processing plant.The company has now upgraded 90% of its Kari Pump resource to the indicated category. The deposit contains 11.3 million indicated tonnes grading 2.71 grams gol...Read More

Apple Tailwinds Boost Broadcom Stock to Top of S&P

Nov 15, 2018 2:23 PM / Josh Selway

The shares are again testing their 200-day moving averageBroadcom Inc (NASDAQ:AVGO) is the top performing S&P 500 Index (SPX) stock today, last seen near session highs, up 5.4% at $238.33. The boost could be attributed to a positive analyst note on Apple (AAPL), with Morgan Stanley reiterating its bullish view on the Dow stock, helping allay recent fears of slowing iPhone sales that have weighed o...Read More

Sandstorm Gold board approves $18m share buyback, shares jump

Nov. 15, 2018, 2:20 PM / MINING.com Editor

Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.The 18.3 million shares represent approximately 10% of Sandstorm's current shares outstanding, and the company stated its current intention is to complete the entire...Read More

History Says Sell This Oil Stock Before Thanksgiving

Nov 15, 2018 2:17 PM / Emma Duncan

The shares just touched a two-year high todayShares of Halliburton Company (NYSE:HAL) earlier touched a two-year low of $31.75, but were last seen up 0.3% at $32.34 in afternoon trading. The oil stock is attempting to recover alongside crude prices, which only yesterday snapped a record losing streak. Below, we will look into why history says now may be a good time to drop Halliburton stock.On the...Read More

Options Hot as UniQure Stock Scales Nasdaq

Nov 15, 2018 1:58 PM / Patrick Martin

UniQure reported upbeat small study data for its hemophilia drugThe shares of UniQure NV (NASDAQ:QURE) are up 42.1% to trade at $32.41, near the top of the Nasdaq today, after the pharmaceutical firm reported upbeat data for its hemophilia drug, and said it plans to launch a late-stage trial for the gene therapy early next year. Cantor Fitzgerald issued a price-target hike to $65 from $58 in respo...Read More

Palladium futures tally a record high

Nov 15, 2018 1:51 p.m. / Myra P. Saefong and Rachel Koning Beals

Palladium futures rallied Thursday, notching a third consecutive session climb and their highest settlement on record as growing global demand for the industrial metal continued to highlight the potential for tighter supplies. Gold prices, meanwhile, ended higher, shaking off pressure from a stronger dollar to hold on to a week-to-date gain as U.S. and European equities declined. December palladi...Read More

Housing Stock Plummets on Forecast; FB Stock Extends Losses

Nov 15, 2018 1:49 PM / Karee Venema

The NYT published a scathing report questioning leadership tactics at FacebookStocks have come off their earlier lows, though the Dow is on track to extend its lengthy losing streak. Among individual names making notable moves today are social media stock Facebook, Inc. (NASDAQ:FB), homebuilder KB Home (NYSE:KBH), and drugmaker Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). Here's a quick roundup of w...Read More

2 Stocks in a Brexit Tailspin Today

Nov 15, 2018 1:35 PM / Andrea Kramer

Options are flying off the shelves amid concerns about May's governmentFollowing the surprise resignation of severalministers -- including Brexit Minister Dominic Raab -- in protest of Prime Minister Theresa May's Brexit plan, the shares of U.K. bank stocks are getting walloped today. Barclays PLC (NYSE:BCS) and Royal Bank of Scotland Group PLC (NYSE:RBS), for instance, are both swimming in red in...Read More

This Could Be the End of "Too Big To Fail"

Nov 15, 2018 1:06 PM / Gold Gate Capital Sponsored

Benjamin Franklin once said, "An ounce of prevention is worth a pound of cure." Those words could not be anymore true than they are today. Claim a free guide now.Since the year 2000, 555 banks have FAILED and closed their door forever. That averages out to 30 banks a year closing their doors. They were small enough to not qualify for a government bail-out, but now no bank will fail.Instead, many f...Read More

Gold bugs might find hope in this chart

Nov 15, 2018 1:06 p.m. / Shawn Langlois

Gold is supposed to provide a safe haven from stormy markets. A place that skittish investors can turn for comfort in the face of uncertainty. When volatility VIX, -9.21% spikes and stocks begin to unravel, it's the shiny stuff's time to shine. In other words, now. This climate is (should be) time for gold bugs to rejoice. So why aren't they? Even as October delivered a gut shot to equities, gol...Read More