WASHINGTON/PARIS (Reuters) - U.S. President Donald Trump attacked his French counterpart on Tuesday in a series of tweets that underscored how much the once-friendly ties between the two leaders have soured, just two days after returning from Paris.In five posts sent on the same day that French officials marked the anniversary of the 2015 terrorist attacks that killed 130 people in Paris, Trump bl...Read More
The S&P stock has averaged the best Thanksgiving week return over the last 10 yearsIt was a dismal start to the week for semiconductor stocks as Apple (AAPL) suppliers sold off on concerns over iPhone demand. The sector is bouncing back today thanks in part to bullish brokerage attention for a pair of high-profile chipmakers, with Micron Technology, Inc. (NASDAQ:MU) up 2.4% to trade at $38.33. The...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump will remove Department of Homeland Security chief Kirstjen Nielsen and replace chief of staff John Kelly in another shakeup of his administration, U.S. news outlets reported on Tuesday, citing multiple unnamed sources.Trump has decided to remove Nielsen, a Kelly prot?(C)g?(C) who became the secretary at Homeland Security when he left the job to be...Read More
RIO DE JANEIRO - "Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on TuesdayA congressional commission assembled to look into the incident blamed both the company and regulators, and called for civil and criminal investigati...Read More
p>(Kitco News)- King Dollar willrule over gold prices in thenear-term, but the yellow metal will continue to be an important diversifierand safe-haven asset for investors in the long-term according to one fundmanager.In a telephone interview with Kitco News Maxwell Gold, directorof investment strategy at Aberdeen Standard Investments, saidthat he sees gold as a strong buy on dips as volatility wil...Read More
p>(Kitco News) - King Dollar will rule over gold prices in the near-term, but the yellow metal will continue to be an important diversifier and safe-haven asset for investors in the long-term according to one fund manager.In a telephone interview with Kitco News Maxwell Gold, director of investment strategy at Aberdeen Standard Investments, said that he sees gold as a strong buy on dips as volatil...Read More
Seequent today announced it has signed an agreement to acquire Geosoft, a Canadian geoscience software company headquartered in Toronto. The acquisition brings together Seequent's Leapfrog 3D geological modelling software suite with Geosoft's subsurface geoscience and exploration data-driven technology - to create a subsurface offering for the mining, civil engineering, energy and environmental...Read More
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BELFAST (Reuters) - It is going to be a “very, very hard sell” for British Prime Minister Theresa May to win parliamentary backing for her emerging Brexit deal, the deputy leader of the small Northern Irish party propping up her government said on Tuesday.“The trick will be for Theresa May, can she satisfy everyone? It is going to be a very, very hard sell, I would have thought,...Read More
(Kitco News) - Gold andsilver prices recouped mild early losses to trade around unchanged levels onthe day, in early-afternoon dealings Tuesday. Gold hit another four-week lowbelow $1,200.00 overnight. The silver market fell to a two-month low today.Precious metals were somewhat supported when the U.S. dollar index sold offtoday, on a corrective pullback after hitting a 1.5-year high on Monday. H...Read More
(Kitco News) - Gold and silver prices recouped mild early losses to trade around unchanged levels on the day, in early-afternoon dealings Tuesday. Gold hit another four-week low below $1,200.00 overnight. The silver market fell to a two-month low today. Precious metals were somewhat supported when the U.S. dollar index sold off today, on a corrective pullback after hitting a 1.5-year high on Mond...Read More
TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) has appointed former IDG Communications CEO Michael Friedenberg as president of Reuters news and media operations, Thomson Reuters said on Tuesday.Friedenberg will join the company on Dec. 3 and report to Jim Smith, president and chief executive officer of Thomson Reuters, the statement said. He will be based in New York.Editorial content w...Read More
SEDALIA, Missouri - Nucor Corp, America's largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry - and it does not need them to make money.Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable str...Read More
Shifting sentiment among analysts could work against FB stockThe chart of Facebook Inc. (NYSE:FB) stock has taken a turn for the worse. The shares of the social media giant have broken out of their long-term uptrend, and have been stuck in a downtrend since a massive July bear gap. What's more, a brief rebound attempt struggled to break through the $155-$160 area, site of FB's previous 2018 lows....Read More
Chilean environmental regulators have rejected plans by Albemarle Corp , the wor...Read full newsRead More
Home Depot reported better-than-expected third-quarter resultsAt last check, shares of Home Depot Inc (NYSE:HD) are down 1.5% to trade at $176.75, in spite of the retail name's better-than-expected third quarter earnings. The post-earnings downshift comes after the home improvement company said tariffs will have an impact on prices at its retail locations. HD announced third-quarter earnings per s...Read More
India's Jindal Steel and Power Ltd on Tuesday reported a profit of 3.44 billion rupees ($47.36 million) for the second quarter, helped by a one-time gain.For the year-ago period, the New Delhi-based company had reported a loss of 4.48 billion rupees.Eight analysts on average had expected a loss of 536 million rupees, according to IBES data from Refinitiv.The company had a one-time gain of 2.55 bil...Read More
Macy's reports third-quarter earnings before the open tomorrow, Nov. 14Earnings season has a strong retail theme to it this week. One of the retail giantsdue up is Macy's Inc (NYSE:M), which will step into the earnings confessional for its third-quarter report before the open tomorrow, Nov. 14. Ahead of the event -- and a historically bullish period for Macy's -- the stock is down 0.1% today to tr...Read More
The diamond industry must deliver on its promise that consumers can trust the diamonds they purchase are sourced, traded, and processed responsibly, said a coalition of concerned civil society organizations today."Time is up for the diamond industry. Image is everything to the value of diamonds, yet the industry continues to be tainted by association with human rights abuses like child labour and...Read More
The diamond industry must deliver on its promise that consumers can trust the diamonds they purchase are sourced, traded, and processed responsibly, said a coalition of concerned civil society organizations today."Time is up for the diamond industry. Image is everything to the value of diamonds, yet the industry continues to be tainted by association with human rights abuses like child labour and...Read More