Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News)- After what has been described as a frustrating 2017,sentiment in the precious metals mining space is improving and is expected tobuild throughout 2018, according to Kitco News’ top mining CEO of 2017.In an interview with Kitco News, before the results of surveywere calculated, Rob McEwen, CEO of McEwen Mining (NYSE: MUX...Read More
AFP/Getty ImagesThe Treasury Department says the U.S. budget deficit is up 7% for the fiscal year to date. The numbers: The federal government ran a budget deficit of $23 billion in December, according to the Treasury Department, down $4 billion from the same month a year ago. Spending rose by $2 billion to $349 billion, while revenues climbed by $7 billion to $326 billion in the month. What h...Read More
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are drugmaker Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and streaming giant Netflix, Inc. (NASDAQ:NFLX). Below, we'll break dow...Read More
(Adds auction results, quote; updates prices)* China disputes bond holding report* ECB indicates may change policy message* Treasury sees strong demand for 30-year bonds By Karen Brettell and Kate DuguidNEW YORK, Jan 11 - Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of U.S. bonds.China is diver...Read More
* ECB hints at tighter monetary policy* Dollar falls on weak U.S. inflation, more jobless claims* Gold up more than $80 since mid-December (Recasts lead paragraph, updates prices; adds comment, NEW YORK to dateline)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Jan 11 (Reuters) - Gold prices on Thursday approached a four-month high set on the previous day after minutes of a European Central B...Read More
Gold prices edged higher Thursday to settle at a four-month high as the U.S. dollar took a turn lower for the week. February gold GCG8, +1.19% tacked on $3.20, or 0.2%, to settle at $1,322.50 an ounce-the highest finish for a most-active contract since Sept. 15, FactSet data showed. The exchange-traded SPDR Gold Shares GLD, +1.21% was up 0.4%. Gold has seen its "biggest start to a month since...Read More
WASHINGTON, Jan 11 (Reuters) - U.S. President Donald Trump said on Thursday he expects a physical examination he is to undergo on Friday to go well and that he would be surprised if it did not.Answering questions from reporters after an event on prison reform at the White House, Trump said with a chuckle that if it does not go well, the stock market would take a hit."I think it's going to go...Read More
BUENOS AIRES, Jan 11 (Reuters) - Consumer prices in Argentina rose 24.8 percent in 2017 after a sharp 3.1 percent increase in December, government data showed on Thursday, well above the central bank's target range for annual inflation between 12-17 percent.In greater Buenos Aires, which had been used as a proxy for the country's inflation before the Indec statistics agency launched a nationwide i...Read More
By Gianluca Semeraro and Valentina ZaMILAN, Jan 11 (Reuters) - Intesa Sanpaolo's sudden change of plan for tackling bad debts was driven by the European Central Bank's tough line on problem loans, sources familiar with the matter said.Intesa on Wednesday said it was in talks on a possible sale of its debt collection business and a bad loan portfolio to Swedish credit servicing group Intrum Justiti...Read More
(Kitco News) - Gold prices ended the U.S. day session moderately higher Thursday. The preciousmetal was lifted by a lower U.S. dollar index and by higher crude oil pricesthat hit a three-year high today. Some technical buying is also featured ingold, as the near-term chart posture is getting more bullish. February Comex gold was last up $3.80 an ounce at $1,323.00. March Comex silver was last down...Read More
(Adds statement from Comcast)By JanWolfeJan 11 (Reuters) - Tivo Corp has again sued cable operator Comcast Corp of using its patented interactive programming technology without authorization, the latest salvo in the companies' long-running royalty dispute.Tivo filed lawsuits in Boston and Los Angeles on Wednesday, saying Comcast's X1 video recording system infringed on patents describing function...Read More
Jan 12 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,067.60 -29.10NZX 50**8,250.44 -114.460DJIA25,518.7 149.57NIKKEI**23,710.43-77.77Nasdaq7,202.14748.58 FTSE**7,762.94 14.43S&P 500 2,763.36 15.13 Hang Seng** 31,120.3946.67SPI 200 Fut 6020 7 STI** 3,512.68 -7.77SSEC**3,425.57 3.74KOSPI** 2,487.91 -11.84----------------------------------------------------------------...Read More
(Changes sourcing)Jan 11 (Reuters) - Data-sharing business Dropbox Inc has filed confidentially for a U.S. initial public offering, a source close to the matter said on Thursday.The IPO will be led by Goldman Sachs Group Inc and JPMorgan Chase & Co , Bloomberg reported earlier, citing people familiar with the matter.( )Reuters reported in June that the company, valued at almost $10 billion in...Read More
(Corrects para 16 to say jobless claims 'increased', not 'fell', for the fourth straight week)* Oil at 3-year high, lifts energy stocks* Airline stocks rise after Delta's upbeat forecast* Cheaper services weigh on producer prices; jobless claims up* Indexes up: Dow 0.47 pct, S&P 0.37 pct, Nasdaq 0.4 pct By Sruthi ShankarJan 11 (Reuters) - Wall Street surged to fresh highs on Thursday as risi...Read More
Coming off a historical 2017, the U.S. stock market has started 2018 with a bang. In fact, the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each hit new record highs in each of the first six trading sessions of the year -- a first-time feat for the major benchmarks. Against this backdrop, several sentiment indicators are pointing to levels of extreme optimism in the stock market. However,...Read More
NEW YORK, Jan 11 (Reuters) - Indirect bidders, including fund managers and foreign central banks, bought a record share of $12 billion of 30-year government bonds offered by the Treasury Department on Thursday, Treasury data showed.Their purchases, in percentage terms, at the latest 30-year bond auction made up 71.49 percent, resulting in a yield of 2.867 percent, the highest yield at a 30-year au...Read More
LONDON, Jan 11 (Reuters) - The Baltic Exchange is looking into launching a freight index for liquefied natural gas (LNG) and is working with leading ship brokers to explore potential shipping routes that might be used as the LNG market grows, the company said on Thursday.Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates,...Read More
For the second time already this year, Wall Street looks ahead to a holiday-shortened week. However, that's not to say it will be a quiet week, as earnings season begins to rev up. A handful of financial companies will step up to the plate, with the likes of American Express (AXP), Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) headlining the bunch. Dow members IBM (IBM) and Un...Read More
* Union demands 6 pct higher pay, right to shorter hours* Employers reject demand for right to reduced hours* Regional talks in Baden-Wuerttemberg due on Thursday* Union IG Metall has threatened 24-hour strikes* Germany is Europe's economic powerhouse (Adds comments after talks, opinion poll)By Ilona WissenbachBOEBLINGEN, Germany, Jan 11 (Reuters) - German labour bosses and industrial employers ag...Read More
Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More