Papa John's International, Inc. (NASDAQ:PZZA) has underperformed on the charts in recent months, down 30.3% over the past year. This dismal return comes despite strong showings from a number of sector peers from our Restaurant & Bars sub-sector, including Dow component McDonald's (MCD). Out of this group of roughly two-dozen, PZZA is one of just six that's trading below its 80-day moving average,...Read More
(Kitco News) - Goldman Sachs’ much talked about commodities-trading team surprised the markets this week as it reported the worst annual performance in the company’s history in 2017, down 75% in net revenue. This coincided with Goldman’s bearish gold forecasts that never came to be.Commodities trading revenues dropped from $1.1 billion in 2016 to below $300 million last year, Blo...Read More
NEW YORK, Jan 17 (Reuters) - The dollar held its modest losses against a basket of currencies on Wednesday even as the Federal Reserve's latest Beige Book showed U.S. business activity was expanding with inflation growing at a modest to moderate pace in late 2017. At 2:08 pm (1908 GMT), the index that tracks the greenback versus the euro, yen, sterling and three other currencies was last down 0.10...Read More
(Kitco News) - Gold priceswere modestly up in early afternoon U.S. trading Wednesday. Some minor profit-takingearly saw gold traders then step in to buy the dip when the U.S. dollar indexcould not hold its early gains and dropped to a 3.5-year low. February Comex gold was last up $3.70 an ounce at $1,340.80. March Comex silver was last up$0.016 at $17.20 an ounce.Goldand silver market bulls are si...Read More
BAMAKO, Jan 17 (Reuters) - Industrial gold production in Mali rose to 49.6 tonnes in 2017, up 5 percent from the previous year, a senior Mines Ministry official said on Wednesday.The figure beat the 46.9 tonnes that Africa's third-largest producer managed in 2016 and was well ahead a forecast of 45 tonnes that the government had given half way through last year."There was real progress in the...Read More
Jan 18 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,015.80 -32.80NZX 50**8,297.67 47.13DJIA26,032.96240.10NIKKEI**23,868.34-83.47Nasdaq7,281.45757.77 FTSE**7,725.43 -30.50S&P 500 2,797.69 21.27 Hang Seng** 31,983.4178.66SPI 200 Fut 5,966.06.0 STI** 3,541.91 -8.30SSEC**3,445.36 8.76KOSPI** 2,515.43 -6.31---------------------------------------------------------------...Read More
(Adds more detail)LONDON, Jan 17 (Reuters) - Britain's Barclays is axing up to 100 jobs at its investment bank, a source familiar with the matter said on Wednesday, following another set of disappointing results from the division in the third quarter. The cuts will be split evenly between Europe and the United States and be weighted more towards roles at the director and managing director level,...Read More
(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More
Jan 17 (Reuters) - Apple Inc will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday. Apple said it expected to invest over $30 billion in the United States over the next 5 years, and would create 20,000 jobs through hiring at existing campuses and through opening a new campus. (Reporting by Sonam...Read More
* Goldman Sachs slips on trading revenue weakness* Boeing shares jump after announcing JV to make aircraft seats* Apple slips after brokerage downgrade* Indexes up: Dow 0.82 pct, S&P 0.60 pct, Nasdaq 0.59 pct (Updates to early afternoon)By Sruthi ShankarJan 17 (Reuters) - Wall Street's main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the f...Read More
Bank stocks remain in focus today, with a handful of companies reporting earnings. Big-cap financial name Morgan Stanley (NYSE:MS) will soon be in the spotlight, too, expected to reportfourth-quarter earnings before Thursday'sopen. Below, we take a look at how MS stock has performed on the charts, and how options traders are speculating ahead of tomorrow's report.Morgan Stanley stock has had a res...Read More
By Lynn AdlerNEW YORK, Jan 17 (Reuters) - Retail investors are expected to keep pouring money into leveraged loan funds this year as they continue to show a clear preference for floating-rate assets in a rising interest rate environment, portfolio managers said.Net inflows of nearly US$13bn in 2017 were 34% higher than in 2016, despite moderate outflows in most weeks since early August, according...Read More
(Repeats to more subscribers with no changes to text)* Fees estimated at less than 0.2 pct of listing* Financial reward smaller than other big IPOs* Bankers jostling for mandates for league table credit, prestige* Also hoping for piece of larger Vision 2030 pie By Dasha Afanasieva and Clara Denina LONDON, Jan 17 (Reuters) - The banks that will advise and execute Saudi Aramco's stock market listi...Read More
(Repeats item to attach to alerts, no change to content)TORONTO, Jan 17 (Reuters) - Below are some key quotes from a news conference by Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins on Wednesday after the central bank raised interest rates to 1.25 percent. POLOZ ON NAFTA RISK"For us, it is not a matter of a binary event. We simply don't know enough about th...Read More
LAGOS, Jan 17 (Reuters) - Nigeria plans to raise 110 billion naira by selling sovereign bonds with maturities of five and 10 years on Jan. 24, the Debt Management Office (DMO) said on Wednesday.The debt office said it will raise 50 billion naira with the five-year bond and 60 billion naira with the 10-year paper, using the Dutch auction system.The bonds are reopenings of previous issues and the re...Read More
(.)LONDON, Jan 17 (Reuters) - The European Bank for Reconstruction and Development provided a record amount of financing last year but is bracing for a drop in profits following sharp falls in currencies like Turkey's lira and Russia's rouble.Preliminary figures for 2017 published by the EBRD on Wednesday showed it invested 9.7 billion euros ($11.85 billion)across a region that has spread from it...Read More
By William SchombergLONDON, Jan 17 (Reuters) - The first two Bank of England policymakers to make speeches in 2018 have highlighted the debate within the British central bank about when interest rates might rise above their financial-crisis emergency levels.Two months after the BoE raised borrowing costs for the first time in more than a decade, Silvana Tenreyro and Michael Saunders struck contras...Read More
The Dow Jones Industrial Average (DJI) is up triple digits at midday, with an analyst-induced jump for Boeing (BA) helping to overshadow a post-earnings dip for Goldman Sachs (GS) and a downgrade for Apple stock. Tech is outperforming again -- with Intel (INTC) the best Dow stock so far -- and is a big reason the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also sporting big gains, with th...Read More
* Fees estimated at less than 0.2 pct of listing* Financial reward smaller than other big IPOs* Bankers jostling for mandates for league table credit, prestige* Also hoping for piece of larger Vision 2030 pie By Dasha Afanasieva and Clara Denina LONDON, Jan 17 (Reuters) - The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100...Read More
* ECB officials raise concerns about surging common currency* Dollar finds respite but outlook remains grim* Cryptocurrency rout accelerates on clampdown worries* Canadian dollar weakens as BOC rings cautious tone (Updates market action, changes dateline, previous LONDON)By Richard LeongNEW YORK, Jan 17 (Reuters) - The euro slipped on Wednesday, pulling back from a three-year high above $1.23 as s...Read More