The Nasdaq is on track for its lowest close since early JulyStocks are getting gashed today, with the Dow Jones Industrial Average (DJI) down more than 375 points and on track for its worst day since May 29. Tech giants such as Intel (INTC) and Microsoft (MSFT), as well as FAANG stocks like Alphabet (GOOGL) are selling off at a dramatic rate, putting theNasdaq Composite (IXIC) on pace for its lo...Read More

LONDON (Reuters) - Sterling GBP=D3 hit a new 3-1/2 month high versus the euro and added to gains against the dollar on Wednesday on optimism that Britain and the European Union can agree a Brexit deal soon.Britain’s ITV News reported late on Tuesday that the two sides had made progress in negotiations over an Irish border backstop, a key hurdle in reaching a Brexit deal.“We’ve...Read More

The brokerage firm also started coverage with an "outperform" ratingWells Fargo initiated coverage on Crispr Therapeutics AG (NASDAQ:CRSP) with an "outperform" rating and a $65 price target -- a more than 75% premium to last night's close. In reaction, CRSP stock is up nearly 0.8% to trade at $37.20.This upbeat outlook echoes the broader trend seen on Wall Street. Outside of a rare bear note a few...Read More

SafeFrame ContainerWASHINGTON (Reuters) - China is waging an unprecedented campaign to influence American public opinion as November congressional elections approach and presents the greatest long-term counterintelligence threat to the United States, U.S. security officials said on Wednesday.Senators on the Homeland Security Committee questioned Homeland Security Secretary Kirstjen Nielsen and FBI...Read More

SAO PAULO/BRASILIA (Reuters) - The chief economic advisor to Jair Bolsonaro, Brazil's far-right presidential front-runner, is under a federal investigation for alleged fraud tied to the pension funds of major state-run companies, prosecutors told Reuters on Wednesday.The investigation of Paulo Guedes, a University of Chicago-trained economist credited with nudging Bolsonaro toward market-friendly...Read More

Chile's mining minister Baldo Prokurica asked the London Metals Exchange (LME) Wednesday to consider trading the coveted metal used in the batteries that power electric vehicles (EVs) and high-tech devices, and so provide greater "clarity" about its value.Chile produced 80,000 tonnes of lithium carbonate equivalent last year, representing 35 percent of global production.On his first visit to Brita...Read More

Chile's mining minister Baldo Prokurica asked the London Metals Exchange (LME) Wednesday to consider trading the coveted metal used in the batteries that power electric vehicles (EVs) and high-tech devices, and so provide greater "clarity" about its value.Chile produced 80,000 tonnes of lithium carbonate equivalent last year, representing 35 percent of global production.On his first visit to Brita...Read More

LONDON, Oct 10 (Reuters) - A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. For mining firms, dollar shortages are so severe that there is a risk of some mines shutting downZimbabwe is suffering acute shortages of U.S. dollars, deterring foreign capital fr...Read More

Toronto-basedjunior miner RNC Minerals (TSX: RNX), which discovered more than 9,250 ouncesof gold valued around $11 million last month, is announcing the successfulrecovery of the first specimen slab from the top of the Father's Day Vein atthe Beta Hunt Mine in Western Australia (WA). “The slab was cut in the field,revealing impressive visible gold and quartz structures. The slab, weighingap...Read More

Toronto-based junior miner RNC Minerals (TSX: RNX), which discovered more than 9,250 ounces of gold valued around $11 million last month, is announcing the successful recovery of the first specimen slab from the top of the Father's Day Vein at the Beta Hunt Mine in Western Australia (WA). “The slab was cut in the field, revealing impressive visible gold and quartz structures. The slab, weigh...Read More

   •  Resurgent US bond yields kept a lid on any meaningful up-move.   •  Subdued USD demand/risk-off mood helped limit any deeper losses.    •  Traders now eye US PPI print for some short-term opportunities. Gold struggled to build on overnight rebound from over one-week lows and seesawed between tepid gains/minor losses through the...Read More

LONDON, Oct 10 (Reuters) - Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350 million, two sources familiar with the matter said.The assets include a 53 percent stake in a Dutch anode facility and 50 percent of the shares in a Swedish aluminium fluoride plant, which are ingredients in aluminium produ...Read More

PARIS (Reuters) - Robust appetite in the third quarter for Louis Vuitton handbags and other high-end goods sold by LVMH (LVMH.PA) failed to dispel fears of a looming slowdown in Chinese demand on Wednesday, as shares across the sector tumbled.Paris-based LVMH, the world’s biggest luxury goods company, on Tuesday reported stronger-than-expected sales growth in its all-important fashion and le...Read More

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 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

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

(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

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

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

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