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CANADA STOCKS-Energy stocks lead declines in Canada's main index

October 10, 2018 / www.kitco.com

Oct 10 (Reuters) - Canada's main stock index fell on Wednesday, driven by a drop in energy stocks as oil prices slipped.* All 11 of Canada's major sectors were down, led by the energy sector's 1.8 percent decline.* U.S. crude prices were down 0.8 percent per barrel, while Brent crude lost 0.9 percent.* A 1.1 percent drop in the materials sector, which includes precious and base metals, miners and...Read More

Endomines' Friday mine project progressing towards production start-up ahead of schedule in December 2018

October 10, 2018 / www.mining.com

Endomines reports ongoing good progress at its Friday mine project in Idaho, USA. Based on the current stage of completion and near-term outlook, Endomines foresees that initial mine production will likely commence before the year-end, followed by production ramp-up in early 2019. No substantial variation to the project budget of USD 7.7 million is expected. At full scale, the Friday mine is antic...Read More

Global regulators say crypto currencies need vigilant monitoring

October 10, 2018 / www.kitco.com

LONDON (Reuters) - Crypto assets such as bitcoin do not pose a threat to financial stability but monitoring is needed along with possible action to protect consumers, the global Financial Stability Board said on Wednesday.While price increases in crypto assets have been larger than comparable historical asset bubbles, market capitalization remains small compared with other financial markets, the F...Read More

Buyout firm Thoma Bravo adds Imperva to cyber portfolio in $2.1 billion deal

October 10, 2018 / www.kitco.com

(Reuters) - Cybersecurity company Imperva Inc (IMPV.O) said on Wednesday it will be taken private by Thoma Bravo LLC in an all-cash deal valued at $2.1 billion, adding to the technology-focused buyout firm’s portfolio of cybersecurity companies.Private equity and venture capital firms are pouring money into the cybersecurity industry, driven by heightened concerns of cyber attacks.Imperva st...Read More

Analyst Targets 50% Upside for Dropbox Stock

October 10, 2018 / www.schaeffersresearch.com

J.P. Morgan Securities said Wall Street is 'underestimating' DBXShares of Dropbox Inc (NASDAQ:DBX) are soaring in early trading, last seen up 3.3% at $23.51, after J.P. Morgan Securities added the cloud storage name to its Analyst Focus list. The firm said it seesup to 50% outperformance for DBX shares, following the company's successful September management meetings, and thinks Wall Street is "u...Read More

Sears Holdings Stock Plunges to New Low on Bankrutpcy Buzz

October 10, 2018 / www.schaeffersresearch.com

The WSJ is reporting SHLD could be filing for bankruptcy ahead of debt paymentSears Holdings Corp (NASDAQ:SHLD) could follow Toys 'R Us and Mattress Firm as the next retailer to fold. According to the Wall Street Journal, the Kenmore parent is preparing to file for bankruptcy (subscription required) with a $134 million debt payment due on Monday, Oct. 15. The Journal also reported Sears appointed...Read More

France's Monoprix says grocery alliance with Amazon Prime tops expectations

October 10, 2018 / www.kitco.com

PARIS (Reuters) - Casino’s (CASP.PA) upmarket Monoprix supermarket chain said the start of its partnership with Amazon Prime’s AMZ.O delivery service for Paris had been better than expected - an alliance that could prove crucial for debt-ridden Casino’s fortunes.Monoprix Chief Executive Regis Schultz told Reuters that orders had been beating expectations, and that he hoped the de...Read More

Logistics woes drive Indian mills to buy iron ore overseas

October 10, 2018 / www.mining.com

Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines, and demand for the metal surges in response to the government's ambitious plans to build out the nation's infrastructure.China is going to reach a tipping point soon, fortunately, India is waiting in the wings."Today, India is a net importer of...Read More

Wall Street opens lower as bond yields gain

October 10, 2018 / www.kitco.com

(Reuters) - U.S. stocks opened broadly lower on Wednesday, as Treasury yields rose after data showed U.S. producer prices climbed last month, suggesting there was no relief on inflation pressures.The S&P 500 .SPX opened lower by 6.44 points, or 0.22 percent, at 2,873.90. The Nasdaq Composite .IXIC dropped 43.94 points, or 0.57 percent, to 7,694.08 at the opening bell. The Dow Jones Industr...Read More

China exerting 'unprecedented' influence campaign in U.S.: official

October 10, 2018 / www.kitco.com

WASHINGTON (Reuters) - China is waging an unprecedented campaign to influence American public opinion as November congressional elections approach, U.S. Homeland Security Secretary Kirstjen M. Nielsen said on Wednesday.“China absolutely is on an unprecedented - or exerting unprecedented effort to influence American opinion,” Nielsen told a Senate panel. “We have not seen to date...Read More

Gold Prices Erase Early Losses As U.S. Stock Market Sells Off

October 10, 2018 / www.kitco.com

(Kitco News) - Gold prices are trading steady to slightly up in late-morningaction Wednesday. The precious metal has erased modest early losses and isseeing a bit of safe-haven demand as the U.S. stock market sees solid sellingpressure. The U.S. dollar index has also backed down from its daily high and isnow trading weaker on the day, which is also working in favor of the metalsmarket bulls. Dece...Read More

Penny Stock Near the Top of the Nasdaq

October 10, 2018 / www.schaeffersresearch.com

TapImmune's breast cancer vaccine will be studied at the Mayo ClinicNeovasc Inc (NASDAQ:NVCN) is up 35.6%% to trade at $3.31, one of the best stocks on the Nasdaq this morning, after the medical device maker's Reducer was granted breakthrough status by the Food and Drug Administration (FDA). Neovasc's Reducer is an implantation used to treat refractory angina. Neovasc stock is now on track for it...Read More

Gold Prices Seeing Little Love As Bond Yields Remain At 2011 Highs

October 10, 2018 / www.kitco.com

(Kitco News)- U.S. bond yields could be capped fornow at their recent seven-year high, but that doesn’t mean that gold is out ofthe woods just yet.Analysts note that higher bondyields are keeping a lid on gold as prices remain below $1,200 an ounce.December gold futures last traded at $1,192, relatively flat on the day.Meanwhile, the U.S. 10-year bond yield last traded at 3.22%. In an emaile...Read More

Gold Prices Seeing Little Love As Bond Yields Remain At 2011 Highs

October 10, 2018 / www.kitco.com

(Kitco News) - U.S. bond yields could be capped for now at their recent seven-year high, but that doesn’t mean that gold is out of the woods just yet.Analysts note that higher bond yields are keeping a lid on gold as prices remain below $1,200 an ounce. December gold futures last traded at $1,192, relatively flat on the day. Meanwhile, the U.S. 10-year bond yield last traded at 3.22%. In an...Read More

This Blockchain Company Just Closed an Impressive Deal

October 10, 2018 / www.schaeffersresearch.com

One company could be positioning itself to take over the cloud market.Both cloud computing and blockchain technology has changed the way modern society operates.Today the global public cloud market is nearing a colossal $200 billion and is growing at a 22% annual rate.Did you ever think in 2006 that Amazon Web Services would be the beast that it is today? The cloud computing division of Amazon is...Read More

Norsk Hydro to resume Brazil's Alunorte output at half capacity

October 10, 2018 / www.mining.com

OSLO/RIO DE JANEIRO Oct 9 - Norsk Hydro said on Tuesday it has won permits from Brazilian authorities to restart operations at half capacity at its Alunorte alumina refinery, the world's largest, though employment for its 4,700 workers is not guaranteed over the long-term.Alunorte is expected to be able to ramp up to 50 percent production within two weeks.The resumption is the latest twist in a mo...Read More

U.S. producer prices rebound in September

October 10, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. producer prices increased 0.2 percent in September, reversing an unexpected decline in August and in line with expectations.A rise in services prices offset a slight drop in prices for goods, including a 3.5 percent drop in gasoline prices. Final demand prices had fallen 0.1 percent in August. In the 12 months through September, the producer price index rose 2.6 percent...Read More

U.S. mortgage requests fall as borrowing costs hit seven-year highs: MBA

October 10, 2018 / www.kitco.com

NEW YORK (Reuters) - U.S. mortgage applications declined last week as home borrowing costs climbed to their highest levels in over seven years, propelled by a spike in bond yields during last week's market selloff, the Mortgage Bankers Association said on Wednesday.The Washington-based industry group said its seasonally adjusted gauge on consumer requests for a loan to buy a home and to refinance...Read More

Slacking Alibaba Stock Suffers Another Round of Bear Notes

October 10, 2018 / www.schaeffersresearch.com

Alibaba stock has been struggling since a late-June bear gapChinese internet stock Alibaba Group Holding Ltd (NYSE:BABA) is taking a hit in early trading, after suffering no fewer than three price-target cuts from analysts. Most notably, both Morgan Stanley and Raymond James cut their respective price targets to $220 and $260, with the latter citing online sales and near-term due to negative macr...Read More

More than 3,800 unique and aggregated datapoints, and over 30,000 words of analysis, discussion and thought leaders...

October 10, 2018 / twitter.com

"More than 3,800 unique and aggregated datapoints, and over 30,000 words of analysis, discussion and thought leadership have been included in this year's 2018 #WorldRiskReport. Download a free excerpt: https://t.co/RQ4Mysts45 @MaplecroftRisk"Read full newsRead More

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