(Reuters) - KKR & Co Inc said on Tuesday its third quarter distributable earnings more than doubled to $925.1 million, driven by strong growth in management fees and profit from asset sales in its private equity business.KKR and other private equity firms have benefited from a flurry of mergers and acquisitions as the global economy recovers from the pandemic. Its peers Blackstone Inc and Carlyle...Read More
NEW YORK, Nov 2 (Reuters) - Jefferies Financial Group has recruited senior bankers from rivals including JPMorgan Chase & Co and Barclays PLC to strengthen its investment banking unit, according to an internal memo seen by Reuters on Tuesday.Matthias Kristol will join Jefferies as global head of asset and wealth management investment banking, while Aaron Bruker will join the bank as head of sideca...Read More
AUSTIN/SEATTLE, Nov 2 (Reuters) - In Wichita, Kansas, nearly half of the roughly 10,000 employees at aircraft companies Textron Inc (TXT.N) and Spirit AeroSystems (SPR.N) remain unvaccinated against COVID-19, risking their jobs in defiance of a federal mandate, according to a union official."We're going to lose a lot of employees over this," said Cornell Adams, head of the local Machinists uni...Read More
TOKYO, Nov 2 (Reuters) - Nintendo Co. (7974.T) will make 20% fewer Switch games consoles than planned in the year to March 31 because of shortages of semiconductors and other components, the Nikkei business daily reported.Switch production for the business year will be around 24 million units, the paper reported, without saying where it obtained the information."The supply and demand of semicond...Read More
Nov 2 (Reuters) - Tesla Inc (TSLA.O) top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company.Tesla's shares fell 5% to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever order - 100,000 electric cars for Hertz - on Oct. 25, which helped...Read More
MONTREAL, Nov 2 (Reuters) - Airlines are reopening airport lounges with higher-end service to lure back premium travelers after the pandemic, while increasingly opening the VIP experience to tourists - for a fee.Premium travel plummeted during the COVID-19 crisis, depriving airlines of higher-margin fares. But with traffic rebounding in certain regions and U.S.-bound travel set to reopen on Nov 8,...Read More
SINGAPORE, Nov 2 (Reuters) - Australia's dollar weakened on Tuesday after the country's central bank dampened investor hopes for a hawkish pivot, kicking off a big week for monetary policy that includes decisions from the Federal Reserve and Bank of England.The Aussie dipped as much as 0.47% before trading 0.23% lower at $0.75025. Last week, it was as high as $0.75555, a level not seen since July...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices are modestly down in early U.S. dealings Tuesday, as the marketsare pausing ahead of the U.S. central bank's policy-setting meeting. Decembergold was last down $2.80 at $1,793.1...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar are higherin early U.S. trading Tuesday. Bulls are keeping alive a price uptrend on thedaily bar chart. The Bitcoin bulls have the firm overall near-term technicaladvantage. The pat...Read More
GLASGOW, Nov 2 (Reuters) - Leaders at the COP26 global climate conference in Glasgow have pledged to stop deforestation by the end of the decade and slash emissions of the potent greenhouse gas methane.While major powers have traded blame for the world's inability to agree on rapid reductions in the use of fossil fuels to limit global warming to manageable levels, there are at least signs of r...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Karen Jones FSTA and Axel Rudolph FSTA at Commerzbank have taken alook at the dollar index chart in the bank's latest technical research note.The team point out that there could be an Elliott Wave form...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - This morning manufacturing PMI's are telling a familiar story assupply-side issues are forcing a slowdown despite demand remainingfirm.The report said, "The eurozone manufacturing sector lostfurther mo...Read More
Mr. Tom Larsen reportsELORO INTERSECTS 100 AG EQ/T (INCLUDING 38.71 G AG/T, 0.88%ZN AND 0.51%PB) OVER 188.5 M IN THE SANTA BARBARA BRECCIA PIPE AT ISKA ISKA SILVER-TIN POLYMETALLIC PROJECT, POTOSI DEPARTMENT, BOLIVIAEloro Resources Ltd. has provided an update on its Iska Iska silver-tin polymetallic project in the Potosi department, southern Bolivia. To date, the company has completed 34,409 metr...Read More
Nov 2 (Reuters) -Shandong Fangyuan Nonferrous Metals Group, China's biggestprivate-sector copper smelter by capacity, has churned out thefirst copper from its 300,000 tonnes per year production lineafter a long shutdown, the company said on Tuesday. Fangyuan, which is ramping up output again after liquidityproblems at the end of 2019 forced it to run well belowcapacity, had fired up the line on Oc...Read More
HELSINKI, Nov 2 (Reuters) - Finland's Metso Outotec reported a smaller-than-expected rise in quarterlycore earnings on Tuesday and said sales were hurt by a backlogbuilding up due to supply chain problems. The mining equipment maker's July-September comparableearnings before interest, taxes and amortisation rose to 139million euros from 111 million last year, missing the 151.1million mean estimat...Read More
Jack ChanPosted Nov 1, 2021Gold sector as represented by $HUI is now on amajor SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is in bear market values, but now at level of previous tradable bottom.Speculation in bear market values, but at...Read More
Analysts have trimmed their gold price forecasts for the rest of this year and next, expecting the precious metal to hover around current levels in the fourth quarter before edging lower in 2022, according to a Reuters poll. Typically seen as a safe investment, gold performs well when investors are anxious and when returns on other assets like bonds are low.Prices leaped to record highs above $2,0...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 2, 2021 From 2008 to 2020, America’s bankers and government could tell a lot of fabulous “mightiest fiat nation of all time” stories to the citizens, and the citizens believed most of these stories. Please click here now. They believed the stories because Main Street...Read More
Peak Prosperity, Released on 11/2/21Once again publicly available data demonstrate that vaccines are not reducing infectivity or transmission, 2 of the main criteria for an injection to be considered a vaccine. Public health officials are brazenly proclaiming these embarrassing facts, while at the same time continuing to parrot the mantra to get vaccinated and stop the spread.At this point, anyone...Read More
Wall Street Silver, Released on 11/2/21Lawrence Lepard joins us to discuss the latest Fed moves, including why he views our current economy as a Ponzi scheme on heroin. Also his favorite silver stocks, plus much more.Lawrence W. Lepard founded Equity Management Associates. Currently, he is Managing Partner at Equity Management Associates LLC and Limited Partner at Johns Creek Partners LLC. He is a...Read More