Recent News

Only some migrant families to be reunited in U.S. as deadline arrives

July 10, 2018 / www.kitco.com

NEW YORK (Reuters) - Facing a court-imposed deadline on Tuesday, the U.S. government has said it expects to have reunited 54 young children and parents separated by immigration officials after crossing into the United States from Mexico.The government said in court on Monday it could not meet the July 10 deadline for all of the roughly 100 children under five years old it had been ordered to reuni...Read More

EU council chief's riposte to Trump: Respect the allies you have

July 10, 2018 / www.kitco.com

BRUSSELS (Reuters) - European Council President Donald Tusk told U.S. President Donald Trump on Tuesday to stop berating NATO allies over military investment levels ahead of what is expected to be a fraught alliance summit.Before taking off for Brussels, Trump again chided fellow NATO members for not contributing enough to the alliance while maintaining a trade surplus with the United States, his...Read More

Options Traders React to Tesla's China News

July 10, 2018 / www.schaeffersresearch.com

Tesla said it is building a plant in ChinaThe shares of Tesla Inc (NASDAQ:TSLA) are trading up 1.8% at $324.17, after the electric car maker announced plans to build a factory in China. The new facility will reportedly be able to produce up to 500,000 vehicles a year.Tesla stock's time on the charts has been choppy over the past 12 months. But despite the shares trading as high as $389.61 back on...Read More

RT @alex_hamer: Mining supply chain, meet #ethereum smart contracts

July 10, 2018 / www.mining-journal.com

Open Mineral says smart contracts can cut some of the pain in shipping metals all over the worldRead full newsRead More

Tesla moves first to hike prices in China as trade war hits car makers

July 10, 2018 / www.kitco.com

BEIJING/SHANGHAI (Reuters) - U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries.The move is the earliest indication of how much higher Chinese tariffs on certain U.S. imports will flow through to buyers, with other automa...Read More

Philippines nickel ore exports seen dropping up to 17 pct on low prices

July 10, 2018 / www.mining.com

MANILA, July 10 (Reuters) - The Philippines' nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world's second-biggest supplier, the head of a nickel mining industry group said on Tuesday.Shipments of nickel ore, used to make stainless steel, could fall to 30-35 million tonnes from 36 million tonnes in 2017, Dante Bravo, president of the Philippine Nick...Read More

Gold drops to fresh session lows amid notable USD demand

July 10, 2018 / www.fxstreet.com

   •  A goodish pickup in the USD demand prompts some fresh selling on Tuesday.   •  Fading safe-haven demand/positive US bond yields adds to the downward pressure.   •  Technical studies suggest a follow-through weakness amid thin economic calendar. Gold extended overnight retracement slide from near two-week tops and maintained its offe...Read More

Dollar nears six-month high against yen as risk appetite returns

July 10, 2018 / www.kitco.com

NEW YORK (Reuters) - The dollar neared a six-month high against the safe-haven Japanese yen on Tuesday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.Investors appear to be shrugging off the deepening trade conflict between the United States and China and focusing instead on the positive outlook for second-quarter corporate earnings,...Read More

Amazon to build new fulfillment center in Ottawa, create 600 jobs

July 10, 2018 / www.kitco.com

(Reuters) - Amazon.com Inc said on Tuesday it planned to build a new fulfillment center in Canada's capital Ottawa that would create more than 600 full-time jobs.The center, which is the company's fifth in the province of Ontario, will pick, pack and ship large items such as household decor, sporting equipment and gardening tools, the company said.The Seattle-based company currently employs more t...Read More

Death by diamonds: Suicides wipe the shine off India's gem trade

July 10, 2018 / www.mining.com

SURAT (Thomson Reuters Foundation) - After polishing diamonds destined for luxury stores from New York to Hong Kong for nearly 10 hours in a cramped workshop in western India, Vikram Raujibhai went home, waited for his family to leave, and locked the front door.Raujibhai doused himself in kerosene and lit a match.His family returned to find the 29-year-old's charred body, his case the latest in a...Read More

Don't take risks with economy, Italy's central bank tells new government

July 10, 2018 / www.kitco.com

ROME (Reuters) - The head of Italy’s central bank on Tuesday warned the new anti-establishment government to be cautious with public finances to avoid upsetting financial markets and increasing public debt.Bank of Italy Governor Ignazio Visco told a gathering of bankers in Rome that Italy’s reform effort had petered out and that, if a new financial crisis should hit, it was now “...Read More

Pepsi, oil stocks lift Wall Street at open

July 10, 2018 / www.kitco.com

(Reuters) - Wall Street opened higher on Tuesday, boosted by PepsiCo's strong quarterly results and gains in energy shares.The Dow Jones Industrial Average rose 30.38 points, or 0.12 percent, at the open to 24,806.97. The S&P 500 opened higher by 4.39 points, or 0.16 percent, at 2,788.56. The Nasdaq Composite gained 14.43 points, or 0.19 percent, to 7,770.63 at the opening bell.Reporting by Am...Read More

This Solar Stock is Ripe for a Short Squeeze

July 10, 2018 / www.schaeffersresearch.com

Solaredge Technologies stock could find added support around the $50 level Alternative energy name Solaredge Technologies Inc (NASDAQ:SEDG) has vaulted up the charts lately, adding 43% in 2018 and more than doubling in the past 12 months. The shares set a record high of $70.73 on May 14, but have since worked off their overbought status. With the stock's pullback successfully contained by its 160-...Read More

CANADA STOCKS-TSX futures rise on higher oil prices

July 10, 2018 / www.kitco.com

July 10 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Tuesday, led by energy shares as supply disruptions buoyed crude prices.Oil prices rose more than $1 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.Sept...Read More

Sterling rebound fizzles but markets think May can hold on

July 10, 2018 / www.kitco.com

LONDON (Reuters) - Sterling recovered some of the losses suffered after two ministers quit over the government’s Brexit plans with markets expecting Theresa May to survive as prime minister to start negotiating her blueprint with the European Union.The pound only briefly remained in positive territory on Tuesday, however, after official gross domestic product data was in line with forecasts...Read More

Oil rises to $79 a barrel on Norway strike, Libyan disruption

July 10, 2018 / www.kitco.com

TOKYO/LONDON (Reuters) - Oil prices rose by over 1 percent toward $79 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.The disruptions add to supply worries around the world. Venezuela’s production has collapsed due to a lack of investment and Iranian...Read More

Tesla to open Shanghai plant with capacity of 500,000 cars a year

July 10, 2018 / www.mining.com

Tesla's North American assembly lines are humming at last but the electric vehicle company's plans for Asia dwarves its current operations.Reuters quotes local Chinese media on Tuesday as saying the Californian company has signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars:The Shanghai government made the anno...Read More

Tesla to open Shanghai plant with capacity of 500,000 cars a year

July 10, 2018 / www.mining.com

Tesla's North American assembly lines are humming at last but the electric vehicle company's plans for Asia dwarves its current operations.Reuters quotes local Chinese media on Tuesday as saying the Californian company has signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars:The Shanghai government made the anno...Read More

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

July 10, 2018 / www.kitco.com

(Kitco News)- Is the bottom in for gold? Thatis the question commodity analysts are asking themselves after the latestCommodity Futures Trading Commission data show a modest change in the yellowmetal’s net-short speculative positioning, despite prices falling to a 12-monthlow during the survey period.The CFTC's disaggregatedCommitments of Traders report for the week ending July 3 showed mone...Read More

Analyst: Walgreens 'Wall of Worry' Too High to Climb

July 10, 2018 / www.schaeffersresearch.com

WBA was downgraded to 'in line' at Evercore ISIShares of drug store chain Walgreens Boots Alliance Inc (NASDSAQ:WBA) are lower in early trading, after Evercore ISI downgraded the stock to "in line" from "outperform." The brokerage firm said that while it doesn't think Amazon.com (AMZN) "will emerge as a massive threat to the pharmacy overnight or even over the medium to long term" following the...Read More

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