LONDON, Oct 25 (Reuters) - Facebook (FB.O) will fuel more violent unrest around the world unless it stops its algorithms pushing extreme and divisive content, whistleblower Frances Haugen told the British parliament on Monday.The former employee, who accused the social media giant of putting profit before people at a Senate subcommittee earlier this month, said she was encouraged by British plan...Read More
NEW YORK (Reuters) - Cryptocurrency products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, as optimism soared with the trading of bitcoin exchange traded funds, a report from digital asset manager CoinShares showed on Monday.Inflows so far this year hit $8 billion, far exceeding the record set for the whole of 2020 of $6.7 billion, the...Read More
DUBAI, Oct 25 (Reuters) - HSBC group chief executive Noel Quinn said on Monday the bank has helped clients issue $170 billion worth of green bonds this year.Proceeds from green bonds are typically used on projects to cut greenhouse gas emissions, adapt to climate change, increase energy efficiency or expand the use of renewable energy."This year, alone, we have already helped our customers issue $...Read More
(Kitco News) The gold market seems to be coming to life with the latest move above $1,800 an ounce as markets worry about inflation running out of control.The yellow metal jumped $15 on Monday, sustaining gains above $1,800. December Comex gold futures last traded at $1,808.60, up 0.72% on the day.Out-of-control inflation is the narrative dominating the market at the moment, with investors looking...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) - South African platinum groupmetals producer Royal Bafokeng Platinum (JSE: RBP) announced today that notwithstandingthe ongoing impact of the COVID-19 pandemic and the protracted third wave,which reache...Read More
PLAINFIELD, N.J., Oct 25 (Reuters) - U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.Biden visited New Jersey to sell his "Build Back Better" agenda after talks on Sunday with moderate Democratic Senator Joe Manchin, whose vote is...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) - Russian mining company Petropavlovsk(LSE: POG), one of the largest gold producers in Russia, announced today thatin Q3 2021, the company's total gold production amounted to 111.6 koz, a 2%decrease comp...Read More
(Updates prices)* Investors await BoJ, ECB policy meetings due this week* Palladium, platinum rise more than 1% eachOct 25 (Reuters) - Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.Spot gold was up 0.9% at $1,807.66 per ounce by 11:39 a.m. ET (1539 GMT). U.S. go...Read More
(Reuters) - Amazon.com Inc said on Monday it had doubled its container processing capacity and secured more shipping storage from ocean freight carriers to try to overcome supply chain bottlenecks in time for the holiday shopping season.The stop-and-start nature of the COVID-19 pandemic has snarled global supply chains that are optimized for just-in-time movement of goods, while labor and equipmen...Read More
(Updates prices)Oct 25 (Reuters) - Germany's yield curve steepened on Monday, while Italian bonds outperformed after an unexpected credit rating outlook upgrade.Germany's 30-year government bond yield rose 1 basis point, while short-dated yields fell and its 10-year yield, the benchmark for the euro area, was down 2.5 bps at -0.12% by 1521 GMT , tracking moves in U.S. Treasuries.The biggest move i...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 arehigher in midday U.S. trading Monday, with the yellow metal pushing back abovethe psychologically important $1,800.00 level and as silver closes in on $25.00.The metals marke...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE INITIATES AIRBORNE GEOPHYSICAL SURVEY AT THE MOTHERLODE GOLD PROJECT IN NEWFOUNDLAND, CANADAPrecipitate Gold Corp. has begun a property-wide helicopter-borne geophysical survey at the company's Motherlode gold project within the Burin Peninsula of southern Newfoundland, Canada.The property-wide heliborne high sensitivity magnetics-radiometrics geophysical surv...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) - Calibre Mining (TSX: CXB)announced Monday that it has entered into a definitive arrangement agreementwith Fiore Gold (TSXV: F), whereby Calibre will acquire all of the issued andoutstanding common shar...Read More
WASHINGTON (Reuters) - State and local governments distributed nearly $2.8 billion in Emergency Rental Assistance program funds in September, up from about $2.6 billion in August and bringing the year-to-date total to $10.3 billion, the U.S. Treasury said on Monday.The Treasury said some 510,000 American households were helped by the aid to pay rent, utilities and arrears, compared to 459,000 in A...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) - KEFI (AIM: KEFI), the goldand copper exploration and development company with projects in Ethiopia andSaudi Arabia, announced today that its four employees and contractors inEthiopia were released afte...Read More
(Reuters) - U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.Tesla Inc rose 4.5% to a record high after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley boosted its price targe...Read More
Oct 25 (Reuters) - Ahead of Facebook Inc's (FB.O) financial results on Monday, the social media giant is expected to be hurt more than others in big tech by Apple Inc's (AAPL.O) iPhone privacy changes, investors fear, after Snap Inc (SNAP.N) missed revenue targets last week.The Apple privacy updates, which began rolling out in April and prevent advertisers from tracking iPhone users withou...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) - B2Gold (TSX: BTO) announcedMonday that it has entered into a binding agreement with West AfricanResources, pursuant to which B2Gold has agreed to sell to WAF 100% of theissued and outstanding shares of...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) - Hedge funds remain reluctant to jump into gold; however, silveris attracting new momentum as its industrial demand picks up, according to someanalysts quoting the latest trade data from the Commodity F...Read More
(Adds comments, updates prices throughout)Oct 25 (Reuters) - Canada's main stock index hit a record high on Monday as energy stocks rose on higher oil prices, but expectations that the Bank of Canada could strike a hawkish note in its upcoming policy announcement kept gains in check.The Canadian energy index jumped more than 2% to lead sectoral gains in early trading after oil prices touched multi...Read More