(Reuters) - U.S. stocks edged lower on Wednesday, with declines in biotechnology and insurers negating Apple’s gains after strong results, as investors await the Federal Reserve’s policy announcement.The U.S. central bank is expected to stand pat on interest rates and investors will focus on the Fed statement, expected at 2:00 p.m. ET, for clues on the path of interest rates and its vi...Read More
Jeff Clark : For data wonks like me, the annual Yearbooks from various gold and silver consultancies make for fun reading. You can always find little gems about what’s going on in the markets, and sometimes you can spot changes in trends early on. Seeing a compelling chart, especially one that’s not been widely reported, is almost as exciting as seeing my wife in a short skirt on date...Read More
Apple's CFO warned of falling NAND pricesWhile Apple suppliers trade higher following the iPhone maker's quarterly report, chip stock Micron Technology, Inc. (NASDAQ:MU) is sinking. The shares were last seen down 1.7% at $46.01, after the chief financial officer of Apple, Luca Maestri suggested NAND prices could drop and DRAM prices are "near the peak." Nevertheless, a number of options traders ap...Read More
CloseGain/LossGold $1304.50-$0.60Silver$16.37+$0.20XAU81.92+0.61%HUI180.59+0.78%GDM624.96+0.28%JSE Gold1154.73+50.13USD92.81+0.34Euro119.41-0.53Yen91.20-0.03Oil$67.81+$0.5610-Year2.976%+0.007T-Bond143.0625-0.09375Dow23924.98-0.72%Nasdaq7100.90-0.42%S&P2635.67-0.72% The Metals: Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York...Read More
CloseGain/LossGold $1304.50-$0.60Silver$16.37+$0.20XAU81.92+0.61%HUI180.59+0.78%GDM624.96+0.28%JSE Gold1154.73+50.13USD92.81+0.34Euro119.41-0.53Yen91.20-0.03Oil$67.81+$0.5610-Year2.976%+0.007T-Bond143.0625-0.09375Dow23924.98-0.72%Nasdaq7100.90-0.42%S&P2635.67-0.72% The Metals: Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York...Read More
As a general rule, the most successful man in life is the man who has the best information Donald Trump's enmity towards Amazon and its founder Jeff Bezos, the richest man on Earth, has indeed been going on for a long time, and it's easy to frame the tiff as two billionaires marking their territory like two pit bulls in a fight ring. After all, Trump is a billionaire capitalist too, and it's no...Read More
Full Article: Gold Investors: Jobs Report TacticsBy: Stewart ThomsonA time-tested mantra for the US stock market is, "Sell in May and go away." The depth of a stock market sell-off that begins in May depends on where the United States economy sits in the business cycle. In the early stages of the cycle, sell-offs that begin in May are great buying opportunities.Full Article: Gold Investors: Job...Read More
*The interview begins at 1:50?>>?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peac...Read More
LONDON (Reuters) - The Bank of England has named former Schroders and Morgan Stanley banking analyst Huw van Steenis as a senior adviser on the future of the British financial system.During the appointment - which the BoE said was likely to last six to nine months - Van Steenis will help BoE staff study new financial technology, emerging market capital flows and the transition to a low-carbon econ...Read More
CRUS and QRVO are on track to report tonight, while SWKS will report tomorrowIt's the thick of earnings season, and Apple (AAPL) is dominating headlines today with its impressive results. In response, several Apple suppliers are trading higher today including Cirrus Logic, Inc. (NASDAQ:CRUS), Qorvo Inc (NASDAQ:QRVO), and Skyworks Solutions Inc (NASDAQ:SWKS). The three names will remain in focus,...Read More
Cobalt prices fell on Wednesday May 2 for the first time since October, with the potential bullish impact of legal action against Glencore by Dan Gertler insufficient to offset greater competition to secure spot sales in the immediate term. Metal Bulletin assessed low-grade cobalt prices at $43.50-44.25 per lb in-warehouse on Wednesday, down 0.5% from $43.70-44.45 per lb previously. High...Read More
By James AndersonOne dealer bankrupted in 2016 with two of its directors indicted in April 2018 on fraud charges. The other dealer still gets over from its 1980's branding yielding high volumes of google searches, and thus possibly churning and burning new novice customers every day. Allegations of fraud total $362.5 million USD in lost customer and vendor funds combined.#1 Silver Gold Scam Indi...Read More
"Girl Scouts is the premier leadership development organization for girls...We are, and will remain, the first choice for girls and parents."Continue...Read More
BEIJING (Reuters) - China's foreign ministry on Wednesday reiterated that all sides should continue to uphold the Iran nuclear agreement, and that the International Atomic Energy Agency (IAEA) has said many times Iran is in compliance with the deal.Speaking at a daily news briefing, ministry spokeswoman Hua Chunying said China had noted reports about Israeli Prime Minister Benjamin Netanyahu unvei...Read More
By Bill Holter I have tried to explain this concept many times before but never had a chart to do it with. Please note the start date of the chart is 1971, this is not by any coincidence as that was the year the U.S. dollar became fully fiat and backed by nothing but "faith". Before getting started, it is important to understand what August 15, 1971 really meant and why Nixon took us off t...Read More
MTCH shed more than one-fifth of its value on TuesdayShares of online dating specialist Match Group Inc (NASDAQ:MTCH) had their worst day ever yesterday, shedding 22.1% on news that Facebook (FB) was launching new dating services. MTCH stock is down another 3.7% today at $35.34, with a downgrade at Jefferies to "hold" from "buy" rubbing salt in the proverbial wounds. The brokerage firm also slashe...Read More
By Ryan WildayI'm quite new to the cryptocurrency analyst scene. While I've been trading over two decades, it was always a supplemental income. That started to change in August 2017 when Avi Gilburt brought me on staff at Elliott Wave Trader to lead cryptocurrency analysis. In my opinion, I sit as the latest analyst to join the world's leading team of Ellioticians, applying the art to nearly all...Read More
A Los Angeles judge says customers have to be alerted that their cups of joe are carcinogenic.Continue...Read More
By Axel MerkAs part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value...Read More
SHANGHAI, May 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered three consecutive days of gains and closed at 92.725, up 0.28% overnight.Base metals saw mixed trading. LME copper rebounded from a three-week low, and SHFE copper saw a smaller decline as the expansion in China’s manufacturing sector acc...Read More