Netflix stock received a downgrade and two price-target hikes since yesterday's closeShares of Netflix, Inc. (NASDAQ:NFLX) are lower in early trading as investors digest contrasting analyst notes on the stock following last night's close. Canaccord Genuity hiked its price target on the streaming giant to $500 from $350, an almost 43% lift, citing an expectation for increasing subscriber growth....Read More
LONDON (Reuters) - U.S. President Donald Trump arrived in “hot spot” Britain on Thursday after casting doubt on Prime Minister Theresa May’s plans for leaving the European Union and with protests planned across the country where he says the people like him a lot.After a NATO summit where he provoked a crisis session to force allies to raise their defense spending, Trump landed in...Read More
(Reuters) - The United States said on Wednesday that it signed an agreement with ZTE Corp (000063.SZ) that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers.The ban on China’s No. 2 telecommunications equipment maker will be removed once the company deposits $400 million in an escrow account, the U.S. Comm...Read More
Consumer prices rose by the fastest pace since 2012 in JuneU.S. stock futures are on the rise this morning, as investor focus shifts from the recent trade tensions to this morning's economic data. Specifically, China has yet to respond to the Trump administration's newest list of tariffs, though the country said it would fight a trade war if necessary. Meanwhile, weekly jobless claims came in lowe...Read More
(Reuters) - U.S. stock index futures bounced back on Thursday, from a drop a day earlier on renewed fears of a Sino-U.S. trade war, as oil prices rose and a couple of big deals helped rekindle optimism as the earnings season kicks off.Broadcom’s shares fell 8.8 percent in premarket trading after the chipmaker’s $18.9 billion deal to buy business software maker CA Inc caught investors a...Read More
Rio Tinto (ASX, LON:RIO) said Thursday is putting up for sale a 3.14-carat, vivid pink diamond at its 2018 tender, the largest stone of its colour in the history of the annual sale of sparklers from its West Australian-based Argyle mine.The emerald-cut polished stone, named The Argyle Alpha, is one of 63 rare pink, red and violet diamonds - weighing a combined 51.48 carats - Rio expects to sale a...Read More
Rio Tinto (ASX, LON:RIO) said Thursday is putting up for sale a 3.14-carat, vivid pink diamond at its 2018 tender, the largest stone of its colour in the history of the annual sale of sparklers from its West Australian-based Argyle mine.The emerald-cut polished stone, named The Argyle Alpha, is one of 63 rare pink, red and violet diamonds - weighing a combined 51.48 carats - Rio expects to sale a...Read More
LONDON, July 12 (Reuters) - Britain’s blueprint for relations with the European Union will damage the vast financial services sector, the policy chief of London’s financial district said on Thursday after the government announced plans to diverge from the bloc’s rules after Brexit,In a major policy shift, Britain has abandoned a plan for close ties with the EU for financial servi...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
By Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 12, 2018). Glencore PLC Chairman Tony Hayward is heading a new board committee to oversee the Anglo-Swiss mining giant's response to a subpoena by the U.S. Department of Justice, the company said Wednesday. On Jul...Read More
BRUSSELS (Reuters) - European Union finance ministers are set to agree on Friday a joint position before a meeting with their counterparts at the G20 next week, in which they criticize “unilateral” U.S. trade measures and back a firm response.EU ministers will also call for more global action on tax transparency and against money laundering, and will push for an international digital t...Read More
BRUSSELS (Reuters) - U.S. Secretary of State Mike Pompeo called on American allies on Thursday to help impose economic pressure on Iran, and accused Tehran of continuing to sell weapons in the Middle East despite United Nations resolutions.“We must cut off all funding the regime uses to fund terrorism & proxy wars,” Pompeo said in a Twitter post ahead of a scheduled meeting with th...Read More
(Kitco News) - Gold prices aremodestly up in early U.S. dealings Thursday. Some short covering in the futuresmarket is featured, following recent selling pressure. Still, buying interestremains squelched by a rally in world stock markets and by a rebounding U.S.dollar index late this week. Silver prices fell to a 12-month low overnight. Augustgold futures were last up $2.40 an ounce at $1,246.80....Read More
LONDON (Reuters) - A record slide in the Chinese currency in June has paid rich dividends for some of the world’s top macro hedge funds, though they say those trades do not reflect growing bets on an economic crash.The world’s second biggest economy certainly has its problems. It is exposed in any escalation of its trade conflict with Washington and its massive debt pile has raised con...Read More
Mr. Joseph Campbell reportsTERRAX IDENTIFIES TWO NEW GOLD ZONES ON NORTHBELT PROPERTY AND CHANNEL SAMPLES 5.50 M @ 24.75 G/T AU AT PTARMIGAN ON EASTBELTTerrax Minerals Inc. has provided assay results from the company's summer field program now under way on the Yellowknife City gold project.The first set of assay results come from sampling done on two new zones called Gull Lake and Rater Lake that...Read More
Mr. Joseph Campbell reportsTERRAX IDENTIFIES TWO NEW GOLD ZONES ON NORTHBELT PROPERTY AND CHANNEL SAMPLES 5.50 M @ 24.75 G/T AU AT PTARMIGAN ON EASTBELTTerrax Minerals Inc. has provided assay results from the company's summer field program now under way on the Yellowknife City gold project.The first set of assay results come from sampling done on two new zones called Gull Lake and Rater Lake that...Read More
(Kitco News)- U.S. initial weekly U.S. jobless claims fell by 18,000 to aseasonally adjusted 214,000 in the week to Saturday. The total was belowexpectations of economists. Consensus forecasts compiled by various news organizations hadcalled for initial claims to be around 226,000. The government revised the priorweek's tally to 232,000 from the previously reported 231,000. Meanwhile, the fou...Read More
(Kitco News)- Goldprices remain on the back foot, unchanged on the day even following mixed consumer inflation data lastmonth.Thursday,the U.S. Labor Department said its U.S. Consumer Price Index rose 0.1% in June,after increasing 0.2% in May. The increase was slightly weaker than expected.Forthe year, the report said that consumer inflation rose 2.9%, which was in linewith expectations. While gas...Read More
The average price received for gold sold in FY18 was A$1,703 per ounce.Read full newsRead More