SAO PAULO (Reuters) - In 1993, Congressman Jair Bolsonaro strode to a podium in Brazil’s lower house and delivered a speech that shook its young democracy: He declared his love for the country’s not-so-distant military regime and demanded the legislature be disbanded.“Yes, I’m in favor of a dictatorship!” Bolsonaro, a former Army captain, thundered at fellow lawma...Read More

LONDON, Oct 5 (Reuters) - New steel and alumina contracts have the best chance of succeeding as the London Metal Exchange unleashes 10 new products early next year in an attempt to compete more effectively with rival exchanges, industry sources said.The new products range from hot rolled coil (HRC) steel to alumina, the raw material for aluminium, as well as cobalt, which is key for electric vehi...Read More

GENEVA (Reuters) - The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday.The United States has blocked appointments of judges to the Appellate Body, throwing the WTO into crisis as it runs out of legal muscle to rule on i...Read More

The stock is still 35% higher year-over-year, thoughCostco Wholesale Corporation (NASDAQ:COST) is down 2.7% at $225.37, after the company said gross margins fell 35 basis points to 10.92% and online sales grew at their slowest pace of the year in its fiscal fourth quarter. The retailer also said quarterly profit arrived at $2.36 per share -- in-line with estimates -- while revenue of $44.41 billio...Read More

THE HAGUE, Oct 5 (Reuters) - The Dutch government plans to increase taxes on heavily polluting companies to help fund the country's energy transition and make sure that climate goals are met.In draft proposals presented on Friday, the government said it would introduce extra levies on CO2 emissions for different sectors to push companies to clean up their acts.This should help the Dutch cut thei...Read More

The brokerage firm said esports could spark accelerated revenue growth for the sectorBerenberg initiated coverage on Electronic Arts Inc. (NASDAQ:EA) with a "buy" rating and $145 price target -- a 27.2% premium to last night's close. The brokerage firm said it was "deeply excited" about the video game sector, citing e-sports as a positive catalyst for revenue growth. This bull note is offsetting n...Read More

LONDON, Oct 5 (Reuters) - The great and the good of the global metals industry are descending on London, making their annual pilgrimage to the London Metal Exchange's LME Week jamboree.They do so because the 141-year-old market sets the world's reference prices for everything from aluminium to zinc. And away from the many seminars and cocktail parties, metal producers, traders and users will meet...Read More

LONDON, Oct 5 (Reuters) - The great and the good of the global metals industry are descending on London, making their annual pilgrimage to the London Metal Exchange's LME Week jamboree.They do so because the 141-year-old market sets the world's reference prices for everything from aluminium to zinc. And away from the many seminars and cocktail parties, metal producers, traders and users will meet...Read More

Most analysts remain bearishBJ's Restaurants, Inc. (NASDAQ:BJRI) is trading up 2% at $67.60, after Piper Jaffray upgraded the shares to "overweight" from "neutral" and moved their price target up $1 to $76. Interestingly, this price point swiftly rejected BJRI stock just a few weeks back, sending it down to its 80-day moving average for the first time since February -- though the security managed...Read More

Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More

MUMBAI/BENGALURU, Oct 5 (Reuters) - Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months this week, while neighbouring Bangladesh approved its first policy to regulate imports and exports of the metal.Some customers in Singapore and elsewhere in Asia cashed in on a slight dip in global prices earlier this week, even as ma...Read More

MUMBAI/BENGALURU, Oct 5 (Reuters) - Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months this week, while neighbouring Bangladesh approved its first policy to regulate imports and exports of the metal.Some customers in Singapore and elsewhere in Asia cashed in on a slight dip in global prices earlier this week, even as ma...Read More

After climbing in yesterday’s trading session back through the $1200 mark on the back of inflation worries, the gold price has once again pulled back as traders await today’s all important Non-Farm Payrolls figure from the US. This economic news is seen as one of the main barometers in heling the US Federal Reserve deciding whether to lift interest rates any further this year so a stro...Read More

WASHINGTON, Oct 5 (Reuters) - The U.S. trade deficit increased to a six-month high in August as exports dropped further amid declining soybean shipments and imports hit a record high, suggesting that trade could weigh on economic growth in the third quarter.The Commerce Department said on Friday the trade gap increased 6.4 percent to $53.2 billion, widening for a third straight month. Data for Jul...Read More

MOSCOW (Reuters) - Russia’s largest lenders, state-owned Sberbank (SBER.MM) and VTB (VTBR.MM), saw outflows of foreign currency deposits in August amid a rouble depreciation and concerns about new U.S. sanctions, according to an analysis of central bank data.Some of their smaller rivals, however, and subsidiaries of foreign banks in Russia saw inflows to their FX deposits in the same period....Read More

The Dow is still holding to weekly gains, howeverDow Jones Industrial Average (DJI) futures are trading below fair value this morning, following the September nonfarm payrolls report. Government data showed that the U.S. economy created 134,000 jobs during the month, missing expectations of 185,000, though the unemployment rate fell to a 49-year low of 3.7%. In addition, August payrolls were upwar...Read More

(Reuters) - Traders of U.S. short-term interest-rate futures on Friday kept bets on further gradual rate hikes by the Federal Reserve this year and next after a government report showed U.S. employers last month added fewer jobs than expected.Contracts tied to the Fed's policy rate that are traded at CME Group's Chicago Board of Trade initially pared losses after the report, and then swung slightl...Read More

On September30th, we had an announcement of a second miner merger proposal after therecently concluded Denver Gold Forum. North and Central American focused silverminer/developer Americas Silver (USAS) announcedthat it has agreed to acquire Nevada-focused gold developerPershing Gold (PGLC) at an implied value of $56.7 million. Under the terms ofthe deal, Pershing shareholders will receiv...Read More

On September 30th, we had an announcement of a second miner merger proposal after the recently concluded Denver Gold Forum. North and Central American focused silver miner/developer Americas Silver (USAS) announced that it has agreed to acquire Nevada-focused gold developer Pershing Gold (PGLC) at an implied value of $56.7 million. Under the terms of the deal, Pershing shareholders will...Read More

(Kitco News) - Gold pricesaremodestly higher in early U.S. trading Friday and little changed from levelsseen just before an important U.S. economic report was released. December gold futures were last up $2.80 an ounce at $1,204.30. December Comex silver waslast up $0.06 at $14.645 an ounce. Thismorning's U.S. Labor Department Employment Situation Report for Septembershowed the key non-farm payrol...Read More