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Trump vows to resolve border children issue by exec action or law

June 20, 2018 / marketsanity.com

"I'll be signing something in a little while [to keep families together]...It just didn't feel right to me."Continue...Read More

Administration of Trump-bashing Puerto Rican mayor reportedly facing FBI corruption probe

June 19, 2018 / marketsanity.com

"On February 21, Molina sued the city council after reporting alleged acts of corruption in the shopping division in the town hall under the Continue...Read More

Gold falls despite boiling trade tensions. What gives?

June 21, 2018 / marketsanity.com

After trading in a very tight range for an entire month, gold finally fell lower last week on the back of a stronger dollarContinue...Read More

Walt Disney raises bid for Fox assets to $71.3 billion, tops Comcast

June 20, 2018 / www.kitco.com

(Reuters) - Walt Disney Co sweetened its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, topping Comcast Corp’s $65 billion offer last week.The new offer of $38 a share, which would be split 50-50 in cash and stock, is $10 higher than Disney’s first bid in December 2017. Comcast’s last bid was for $35 a share in cash.Disney’s latest offer is &ldqu...Read More

May faces new battle in parliament over Brexit

June 20, 2018 / www.kitco.com

LONDON (Reuters) - Prime Minister Theresa May faces a showdown with rebels in her Conservative Party on Wednesday after refusing to accept demands for parliament to have a “meaningful vote” on Brexit that could stop Britain crashing out of the European Union with no deal.She will ask the House of Commons to pass her Brexit blueprint, or EU Withdrawal Bill, which will prepare Britain fo...Read More

Peak Gold? Mining 'At Tipping Point'

June 20, 2018 / marketsanity.com

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision youContinue...Read More

Oil steady ahead of OPEC meeting

June 20, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices steadied on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of OPEC exporters which may increase global production.Benchmark Brent crude LCOc1 was unchanged at $75.08 a barrel by 1037 GMT. U.S. light crude CLc1 was 5 cents higher at $65.12.U.S. crude inventories fell b...Read More

China AM: Ferrous futures little changed after Tuesday tumble

June 20, 2018 / www.metalbulletin.com

China's ferrous futures remained subdued during morning trading on Wednesday June 20, with the benchmark contracts ending the session largely unchanged from their opening after experiencing major losses a day earlier.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,786 yuan ($585) per tonne, unchangedOctober hot-rolled coil: 3,880 yuan per tonne, up 6 yuan per ton...Read More

ECB's Nowotny sees more political than economic risks to financial stability

June 20, 2018 / www.kitco.com

VIENNA (Reuters) - The risks for financial stability in Europe are currently more political than economic, veteran European Central Bank policymaker Ewald Nowotny said on Wednesday.Nowotny, who heads Austria's central bank and is a member of the ECB's governing council, also told a news conference the euro's EUR= recent weakening against the U.S. dollar was largely driven by diverging interest r...Read More

Saudi struggles for Gulf oil producers' support ahead of OPEC meeting

June 20, 2018 / www.kitco.com

VIENNA (Reuters) - Saudi Arabia is struggling to convince fellow OPEC members including Gulf allies on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications ahead of an OPEC meeting this week.The Organization of the Petroleum Exporting Countries meets on Friday to decide on output policy amid calls from major consumers such as the United States an...Read More

Chinese investment in U.S. falls amid asset sales, tighter scrutiny: Rhodium

June 20, 2018 / www.kitco.com

SHANGHAI (Reuters) - Investment from China in the United States slumped in the first five months of the year as Washington intensified its scrutiny of Chinese projects and Beijing pressured big-spending firms to sell assets as part of its campaign to reduce debt risks.According to data compiled by the New York-based Rhodium Group, Chinese net direct investment into the United States was negative b...Read More

CIS STEEL BILLET: Market sentiment cools, buying activity sluggish

June 20, 2018 / www.metalbulletin.com

Sentiment in the CIS steel billet export market has cooled this week because buying activity has not bounced back as expected after last week's Ramadan and eid holidays.Some CIS mills were trying to push through higher prices, following reports of several CIS-origin cargoes being sold at $515-520 per tonne fob Black Sea last week, with higher scrap values in Turkey leading to a glob...Read More

Dow Extends Slide as Nasdaq, Russell 2000 Nab Record Highs

June 20, 2018 / www.schaeffersresearch.com

FAANG stocks helped the Nasdaq outperformAfter starting the session with a triple-digit gain, the Dow ultimately finished in the red, marking its seventh straight daily loss. Lingering concerns about a global trade war weighed on the index -- which is booting General Electric (GE) in favor of Walgreens Boots Alliance (WBA). In sunnier news, the S&P 500 and Nasdaq broke out of their slumps, with th...Read More

2 Stocks Hitting Record Highs Today

June 20, 2018 / www.schaeffersresearch.com

One is soaring on buyout buzz, and the other on a nod from the FDAStocks are trading mixed this afternoon, with the Dow giving up this morning's gains -- pacing for its seventh straight loss. Three individual stocks making noteworthy moves are drugmaker Anika Therapeutics Inc (NASDAQ:ANIK), implantable eye lens maker STAAR Surgical Company (NASDAQ:STAA), and online payment platform PayPal Ho...Read More

Call Buyers Blast Stitch Fix Stock Amid Oprah Rumors

June 20, 2018 / www.schaeffersresearch.com

SFIX shares again topped out near the $30 markStitch Fix Inc (NASDAQ:SFIX) stock traded as high as $29.93 earlier, thanks to rumors that Oprah Winfrey was considering taking a stake in the company -- rumors that have since been denied. Nonetheless, SFIX stock is still up 4.1% to trade at $27.34, and options are trading at a blistering pace, as a number of traders bet on more upside from the shares...Read More

Analyst: Buy Shares of This FAANG Competitor

June 20, 2018 / www.schaeffersresearch.com

The brokerage firm also set a $207 price targetGoldman Sachs upgraded Ansys, Inc. (NASDAQ:ANSS) to "buy" from "neutral," and boosted its price target on the stock to $207 -- a 13% premium to current trading levels. The analyst in coverage said the engineering simulation software firm is well-positioned to withstand competition from big-cap tech companies like Amazon (AMZN) and Alphabet (GOOGL). At...Read More

Oil traders ready for musical chairs as China tariffs loom

June 20, 2018 / www.kitco.com

NEW YORK (Reuters) - Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.China, which has bought an average 330,000 barrels per day (bpd) of U.S. crude oil this year, is threatening to place a 25 percent tariff on various U.S. commodity exports, including crude oil, although it is so far...Read More

Tech Keeps S&P, Nasdaq Higher; Dow Falls Again

June 20, 2018 / www.schaeffersresearch.com

PYPL stock hit a new high today, while SBUX has wallowed to a fresh lowStocks have given back their early morning gains, with the Dow Jones Industrial Average (DJI) dipping into the red and set to extend its daily losing streak to seven. While Walt Disney (DIS) shares continue to rise after the company's revised bid for Twenty-First Century Fox (FOXA) assets, the majority of Dow components are tra...Read More

CHINA REBAR: Domestic prices fall further amid thin trading

June 20, 2018 / www.metalbulletin.com

China's domestic rebar prices remained in a downward trend on Wednesday June 20 after futures weakened in the first few hours of the day, which kept trading activity at a minimum in the spot market.Domestic Eastern China (Shanghai): 4,100-4,150 yuan ($633-641) per tonne, down 10-20 yuan per tonne Northern China (Beijing): 3,880-3,920 yuan per tonne, down 20-30 yuan per tonne Rebar futures had a we...Read More

2 Outperforming Travel Stocks Sporting Attractive Options

June 20, 2018 / www.schaeffersresearch.com

TRIP and SABR have for the most part been trending higherTwo travel stocks making notable moves this week are TripAdvisor Inc (NASDAQ:TRIP) and Sabre Corp (NASDAQ:SABR). Below, we will take a closer look at TRIP and SABR, how the pair have been faring on the charts, and why now may be an affordable time to bet on the travel stocks' next leg higher, per data from Schaeffer's Senior Quantitative A...Read More

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