Netflix stock is signaling more downside after Tuesday's tech sell-offShares of Netflix, Inc. (NASDAQ:NFLX) are in focus after the stock received a price-target hike at Barclays to $335 from $285 early this morning. This vote of confidence comes after yesterday's tech-sector sell-off which sent NFLX shares to their lowest close since March 1. Still, the security is pointed 3.7% lower in pre-market...Read More
Prices and trading activity in the iron ore market softened again on Wednesday March 28 despite some improvement in China's steel market.Key driversThe Chinese ferrous futures market was mixed during the day, with the most-traded steel contracts closing slightly higher than the preceding day's settlement prices, while the benchmark contracts for steelmaking raw materials all ended in negative terr...Read More
SHANGHAI, Mar 28 (SMM) – Nonferrous metals fell for the most part on Wednesday March 28 except for lead, which inched up slower than the previous day. Tin led losses with a drop over 1%, and copper, aluminium, zinc, and nickel edged down.Across the ferrous complex, coke fell nearly 4%, coking coal declined almost 2%, and iron ore dipped over 1%. Rebar and hot-rolled coil inched up.Copper: SH...Read More
"It is our consistent stand to be committed to denuclearisation on the peninsula, in accordance with the will of late President Kim Il Sung and late General Secretary Continue...Read More
* FTSE up 0.6 pct at close, regains 7,000-point level* Shire soars on possible Takeda takeover bid* Defensives rise, miners and energy stocks fall (Recasts, adds detail and chart, updates prices at close)By Tom Pfeiffer and Kit ReesLONDON, March 28 (Reuters) - A move into defensive stocks helped Britain's FTSE climb to a one-week high on Wednesday, shaking off broader concerns over the U.S. tech...Read More
BEIJING, March 28 (Reuters) - Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices.The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infr...Read More
Apple is reacting to bearish analyst attention, howeverDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as stocks eye a comeback from yesterday's tech-led sell-off. The Nasdaq-100 (NDX) is signaling a positive open, too, thanks in part to news Facebook (FB) has made a number of improvements to its privacy settings, lifting the FAANG stock in pre-market trading....Read More
Several storms swept through the area during the past two weeks, which has made access to the property and selected drill targets both difficult and dangerous.Read More
China's domestic rebar prices moved up further on Wednesday March 28 amid steady procurement rates.Domestic Eastern China (Shanghai): 3,460-3,540 yuan ($551-564) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,680-3,700 yuan per tonne, up 10-20 yuan per tonne Traders raised their offers following the sharp gains in the futures market in the first hour of trading in the morning. End-use...Read More
Continue...Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 1...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE index down 1 pct* Fifth daily drop in six sessions* Mining, energy stocks fall* Shire soars on Takeda possible takeover bid* Unilever , Capita move higherBy Tom PfeifferLONDON, March 28 (Reuters) - Britain's FTSE index resumed its downward march on Wednesday as negative newsflow around the U.S. tech giants and linge...Read More
BEIJING (Reuters) - China will soon announce a list of retaliatory tariffs on United States exports to China to counter an expected announcement from the United States of proposed new tariffs on Chinese imports, the Global Times said Wednesday.The Chinese list will target a large number of major U.S. imports to China, said the English-language editorial.The widely-read state run Global Times is ru...Read More
The S&P 500 Index has gained or lost at least 2% in eight of the past 10 weeksA couple things happened this week that caught my eye. I noticed the weekly returns of the S&P 500 Index (SPX) were moving up or down significantly, and I found the 10-week average absolute return was moving above 3% for the first time since 2011. Also, it has been an eventful last few days. Last Friday, the S&P 500 fell...Read More
Other changes will see non-executive director and former Lundin Mining (CN:LUN) executive Neil O'Brien become non-executive chairman, filling a position that has been left vacant since July. Kuenzel, meanwhile, will become finance director.Struthers, also previously at Lundin Mining, was only named COO at the end of last year.Georgian said the changes followed an agreement between the company and...Read More
The world's most important economies are flexing their muscles and preparing for a atrade war. Will gold win the war?Continue...Read More
The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt.At least that's the legend in Kolwezi. Once a few locals discovered the metal underfoot five years ago, everyone grabbed hand shovels and pickaxes; they tunneled beneath homes, schools and churches. And that's how a working-class neighborhood, located on the edges of a densely populated city of hal...Read More
SHANGHAI, Mar 28 (SMM) – China’s gross domestic product (GDP) is likely to grow 6.8% in the first quarter of 2018 and 6.9% in the first half of the year, according to a forecast by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences released on Tuesday March 27.The forecast also expects China to meet this year's annual GDP gr...Read More
BEIJING (Reuters) - Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.Li told a conference that included global chief executives that China would treat foreign and domestic firms equally, would not force foreign firms to transfer technology and would st...Read More