LIMA, Jan 4 (Reuters) - Peru’s finance minister warned on Thursday that the political crisis that roiled Peru in the last days of 2017 was not over yet but said it should not have any major impact on the economy as long as it is resolved “in a civilized way.”In a rare press conference, Claudia Cooper maintained the ministry’s previous forecasts and said that while public in...Read More
The major U.S. stock indexes closed out 2017 with impressive gains, with the Dow Jones Industrial Average (DJI) notching 71 record closes for the first time ever, and the S&P 500 Index (SPX) stringing together its longest monthly win streak in 30 years. And while stocks took a breather in the last week of trading, market players adjusted their trading positions for the new year, based on the U.S....Read More
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday rescinded an Obama administration policy that had eased enforcement of federal marijuana laws in states that have legalized the drug, instead giving federal prosecutors wide latitude on pursuing criminal charges.Attorney General Jeff Sessions, known as a strong opponent of legalizing marijuana, overturned the policy but stopped short o...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN LTD. JOINS OTCQXMineral Mountain Resources Ltd. has been called to trade on the OTC Market's prestigious tier, OTCQX International. The company trades in the United States on OTCQX under the symbol MNRLF.Mineral Mountain Resources began trading on OTCQX International on Jan. 2, 2018. Investors can find current financial disclosure and realtime Level 2 quot...Read More
(Kitco News) - Gold prices are ending the U.S. day session modestly up and were poised to close ata more-than-three-month-high close Thursday. Silver prices were ending nearsteady and hit a six-week high today. Some early profit-taking pressure wasviewed as a bargain buying opportunity by the precious metals bulls. February Comex gold was last up $2.20 an ounce at $1,320.70. March Comex silver was...Read More
Palladium futures on Thursday climbed past $1,100 an ounce for the first time on record, leaving some traders to wonder whether palladium has the ability to continue its rally and surpass the value of gold. On Thursday, March palladium PAH8, -0.67% traded up $11.20, or 1%, at $1,094.55 an ounce after touching a high of $1,101.70. Futures prices hit an intraday record and were poised for the high...Read More
(Reuters) - The global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, data from industry tracker Preqin showed on Thursday.The figures underscore the extent to which large institutional investors, as well as family offices, are placing a growing portion of their money with leverage...Read More
A brewing rivalry between gold and bitcoin for hot investment choices.Bitcoins may not be a good option as medium of exchange/divisibility.Gold has better intrinsic value and lower price volatility than bitcoins. Source: Gainesville News. Investment Thesis Over the past few years, an increasingly wide range of cryptocurrencies have come into existence. Bitcoin is a very recent innovation of crypto...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump and South Korea’s President Moon Jae-in have agreed “to de-conflict the Olympics and our military exercises” to ensure the security of the upcoming Winter Games, the White House said in a statement on Thursday.Trump, in a telephone call, also told Moon that the United States would send a “high-level delegation” to the...Read More
KABUL (Reuters) - At least 20 people were killed and wounded in a suicide attack in the Afghan capital Kabul on Thursday, interior ministry spokesman Najib Danish said.Officials said the bomber blew himself up after approaching a group of security personnel who had been conducting an operation against illegal drugs and alcohol sales in an area of Kabul not far from the U.S. embassy.Reporting by Mi...Read More
Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) - As bitcoin’s recognition grows around the world, here is what top central bankers think about popular digital currencies.Federal ReserveFed Chair Janet Yellen was asked about bitcoin during the central bank’s last monetary policy meeting of the year in December.Yellen referred to the digital currency as a “...Read More
U.S. stocks have kicked off 2018 with a bang, with the major market indexes assailing record heights out of the gate. The Dow Jones Industrial Average (DJI) just topped 25,000 for the first time ever, and the Nasdaq Composite (IXIC) is trading above the 7,000 level. The S&P 500 Index (SPX) is also trading at all-time highs, and is pacing for its best week in over a year. While this puts stocks on...Read More
The first full trading week of 2018 will feature a packed economic schedule -- including the producer price index (PPI) on Thursday, and the consumer price index (CPI) on Friday. The Federal Reserve will remain in focus, with an onslaught of central bank officials slated to speak. Plus, Wall Street will get its first glimpse of fourth-quarter earnings season, withairline name Delta Air Lines, Inc...Read More
Jonathan Stempel(Reuters) - Warren Buffett, the billionaire investor renowned for his preternatural optimism for America and its citizens’ well-being, on Thursday encouraged those worried about the economic prospects for themselves and their children to shed their fears.In an essay for the Jan. 15 issue of Time magazine, the chairman of the insurance and investment company Berkshire Hathaway...Read More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors.Many promoters of initial coin offerings (ICOs) and other cryptocurrency investments are not following federal and state secu...Read More
LIMA, Jan 4 (Reuters) - Peru's finance minister warned on Thursday that the political crisis that roiled Peru in the last days of 2017 was not over yet but said it should not have any major impact on the economy as long as it is resolved "in a civilized way."In a rare press conference, Claudia Cooper maintained the ministry's previous forecasts and said that while public investments halt...Read More
Citigroup Inc (NYSE:C) is up 1.3% to trade at $75.59 today, after receiving a price-target hike to $86 from $83 at Credit Suisse. Despite touching a nine year high of $77.92 on Dec. 4, the banking concern has stumbled into 2018, finishing lower in six out of the last ten sessions. The next few weeks will be critical for Citigroup stock, with a slew of big bank earnings set to start rolling in. Th...Read More
NEW YORK (Reuters) - Strong data from the world’s largest economies helped global shares climb to new heights on Thursday, while the euro hovered near a three-year high and the U.S. dollar fell against major currencies.MSCI’s gauge of stocks across the globe broke a new record, .MIWD00000PUS with an advance of 0.79 percent.On Thursday, the ADP National Employment Report showed that U.S...Read More
(Bloomberg) -The year's barely started and palladium markets are set to break another record.The spot price for the precious metal only needs to climb by another 1.6 percent in London trading to push past an all-time high that's stood for 17 years. At the current pace of gains, that could happen within days.New York futures for the metal, used to cut car exhaust fumes, already touched the highest...Read More
Stocks continue to knock out fresh record highs, with the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) all reaching all-time bests today. The robust ADP jobs report got the ball rolling this morning, helping push the Dow above 25,000 for the first time ever. Financial stocks are seeing some of the strongest gains -- with American Express (AXP) the best Dow...Read More