NEW YORK (Reuters) - Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the year.Third-quarter profits for oil producers generally should be higher than a year ago, because the average price per barrel was up about 44 percent over the same period last yea...Read More
NEW YORK (Reuters) - Three former London-based currency traders were found not guilty on Friday of U.S. charges that they schemed to rig benchmark exchange rates, the latest criminal convictions to emerge from a U.S. probe into the multitrillion-dollar foreign exchange market.Chris Ashton, Rohan Ramchandani and Richard Usher, who worked at Barclays Plc (BARC.L), Citigroup Inc (C.N) and JPMorgan Ch...Read More
Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see ?,?250 million invested in mining regions over the next ten years, The Guardian reported today.Pedro S??nchez's new administration reportedly moved quickly on environmental policy, killing a controversial solar industry "sunshine tax", and announced a national climate plan wi...Read More
Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see ?,?250 million invested in mining regions over the next ten years, The Guardian reported today.Pedro S??nchez's new administration reportedly moved quickly on environmental policy, killing a controversial solar industry "sunshine tax", and announced a national climate plan wi...Read More
The semiconductor name will report earnings on MondayThe shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) are getting hit by broad-market headwinds today, as chip stocks sell off on a rare revenue miss for Western Digital Corp (NASDAQ:WDC). After bottoming at a 22-month low of $17.45 earlier, TSEM stock was last seen down 0.3% at $18.06.Despite this technical weakness, TSEM options traders are tar...Read More
JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa declared himself in economic “repair mode” at a major investment conference on Friday as the country raised a total of $55 billion from investors to help haul itself out of recession.The former union leader, who inherited a mismanaged economy from the scandal-plagued Jacob Zuma earlier this year, wants $100 billion of new...Read More
Consumer sentiment for October was weaker than anticipated.The index has slumped since March when it reached its highest level since 2004 with a reading of 101.4.Michael Sheetz| @thesheetztweetz Published 11 Hours AgoUpdated10 Hours AgoCNBC.com show chapters Consumer sentiment index at 98.6 in October 10 Hours Ago |00:58 Consumer sentiment for October was weaker than anticipate...Read More
WASHINGTON (Reuters) - Authorities in Sacramento, California, are investigating a suspicious package sent to U.S. Senator Kamala Harris, a Democrat who has criticized Republican President Donald Trump, CNN reported on Friday.The report came as law enforcement officials took a suspect into custody in connection with a series of parcel bombs sent to prominent Democrats and other critics of Trump.Rep...Read More
"Khiron (@KhironLife) (#TSXV: $KHRN // #OTCQB: $KHRNF) Secures Endorsement from the Leading Palliative Care Association in Colombia [https://t.co/XxSZJtqDlt]#POTstocks #investing #stocks #stockmarket #trading #investors #news #investing #business #investments #cannabis"Read full newsRead More
"On Monday we tagged 1238-1242 as significant resistance for the week & it has held all week. However, close today above 1242 would favor higher towards 1260-1272.ANY CLOSE NEXT WEEK above this weeks high will favor higher into Nov 7th (plus/Minus 72 hrs).@aleksfx"Read full newsRead More
Disappointing results from 3M and Caterpillar weighed on the DowIt was a wild week on Wall Street, with the Dow exploring a more than 1,000-point range on both sides of breakeven, as of this writing. Most of the price action occurred to the downside, with the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all pacing for weekly losses -- the latter for its fourth in a row, which would mark i...Read More
Learn what factors could drive the gold price over the next 12 months, and explore three gold ETF trading ideas.Read full newsRead More
Wait, what?! Isn't the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn't take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective upswing that didn't even take gold stocks back above their December 2016 lows. And we warned that this is the likely outcome...Read More
Western Digital posted a rare miss in quarterly revenueStocks are trading lower today to put the S&P 500 Index into correction territory. Looking at individual names to watch, digital memory expert Western Digital Corp (NASDAQ:WDC), former Dow component General Electric Company (NYSE:GE), and drugmaker Syndax Pharmaceuticals Inc (NASDAQ:SNDX) are all making notable moves. Below is a breakdown for...Read More
(Kitco News)- It has taken a while, but gold is now doing exactly what itis supposed to do as the metal ends the week near a three-month high as U.S.equity markets continue to melt down and bond yields drop.The gold market is seeing its fourth week of consecutivegains and is on pace to end a six-month downtrend. December gold futures aretrading near a three-week high, last trading at $1,243 an oun...Read More
(Kitco News) - It has taken a while, but gold is now doing exactly what it is supposed to do as the metal ends the week near a three-month high as U.S. equity markets continue to melt down and bond yields drop.The gold market is seeing its fourth week of consecutive gains and is on pace to end a six-month downtrend. December gold futures are trading near a three-week high, last trading at $1,243 a...Read More
Ely Gold Royalties (TSXV:ELY, OTC:ELYGF) (Read full newsRead More
"The Financial Post reports in its Friday edition that cannabis might be legal now, but major Canadian banks appear to still not be comfortable with the #cannabis sector."Read full newsRead More
WINNIPEG, Manitoba (Reuters) - The United States’ trade wars have allowed Canada’s agriculture industry to pump up sales of soybeans and wheat to China, and pork to Mexico.But the same tariff battles are undermining commodity prices and eating into Canadian farmers’ profit margins even as they grab more market share.Their struggles illustrate the complex global consequences of U....Read More
PARIS (Reuters) - Airbus (AIR.PA) is close to naming an outsider to replace finance chief Harald Wilhelm after board moves to overhaul top management in response to a corruption probe hastened his surprise resignation in May, people close to the matter said.British and French authorities are investigating the use of middlemen in jetliner sales and the European planemaker says it is also supplying...Read More