The biotech stock is within striking distance of new highs Biogen Inc (NASDAQ:BIIB) stock is up 20.7% to trade at $360.77, after the biotech's Alzheimer's drug succeeded a mid-stage trial after failing to meet the main study goal back in December. While analysts have yet to weigh in with upgrades and/or price-target hikes, Canaccord Genuity called the data a "pleasant surprise," and reiterated it...Read More

BEIJING/WASHINGTON (Reuters) - The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.Hours before Washington’s deadline for the tariffs to take effect, U.S. President...Read More

KHAN AL-AHMAR, West Bank (Reuters) - Palestinians and their supporters marked a temporary victory in a Bedouin village in the Israeli-occupied West Bank on Friday after an Israeli judge halted demolition proceedings.Khan al-Ahmar, which lies east of Jerusalem at a site whose fate has become a focus of protests and international concern, was quiet early on Friday after two days of clashes between a...Read More

BEIJING/WASHINGTON (Reuters) - The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.Hours before Washington’s deadline for the tariffs to take effect, U.S. President...Read More

However, the shares are still pacing for a stellar weekShares of Arbutus Biopharma Corp (NASDAQ:ABUS) are sinking this morning, as traders react to negative analyst attention. Specifically, B. Riley downgraded ABUS stock to "neutral" from "buy," saying the shares have already priced in royalty opportunities from Alnylam's (ALNY) patisiran drug, and noting ABUS' outperformance already this year. Ju...Read More

Volkswagen AG's namesake brand is entering the car-sharing market with an electric-only offering more than a decade after operators like U.S.-based Zipcar and Daimler's Car2Go started their services.Read full newsRead More

NEW YORK (Reuters) - The dollar fell on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge - wage growth - rose less than forecast, while the unemployment rate increased.Nonfarm payrolls advanced by 213,000 jobs last month, the Labour Department said. Data for April and May was revised to show 37,000 more jobs created than previ...Read More

OTTAWA, July 6 (Reuters) - The Canadian economy added more jobs than expected in June, helping cement market expectations that the Bank of Canada will raise interest rates for the fourth time in a year next week.Statistics Canada said on Friday that 31,800 positions had been created in June, most of them part-time, while the unemployment rate rose to 6.0 percent from 5.8 percent as more people sou...Read More

Bitcoin Gold (BTG) Hard Fork Implements New Mining AlgorithmRead full newsRead More

Apple stock has been a long-term outperformer on the chartsShares of tech powerhouse Apple Inc. (NASDAQ:AAPL) are set to open fractionally higher after a fresh price-target hike to $210 from $195 at Loop Capital. Analyst Ananda Baruah backed a "buy" rating and said the FAANG stock is "positioned net-positively for 2H 2018," thanks to "ongoing Services momentum," the upcoming launch of a lower-pri...Read More

TORONTO (Reuters) - Canada’s dollar will climb over the coming year, a Reuters poll showed, but forecasters are less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes.The poll of more than 40 foreign exchange strategists predicted the Canadian dollar will rise to C$1.30 to the greenback, or 76.92 U.S. cents, in three...Read More

Since gold bottomed at the $1050 region in late 2015 many analysts, myself included, have been anticipating a breakout above strong resistance at the $1375 level. However, this past April the yellow metal failed for the third time at this area and has now broken down with a monthly basis close below critical support at $1260 on June 29th. Furthermore, bullion had its worst quarterly performance si...Read More

Since goldbottomed at the $1050 region in late 2015 many analysts, myself included, havebeen anticipating a breakout above strong resistance at the $1375 level. However,this past April the yellow metal failed for the third time at this area and hasnow broken down with a monthly basis close below critical support at $1260 onJune 29th. Furthermore, bullion had its worst quarterly performancesince Q4...Read More

WASHINGTON (Reuters) - The U.S. government is seeking guidance from a federal court over its efforts to reunite migrant parents and their children before court-imposed deadlines, after the administration separated the families for crossing the U.S.-Mexico border illegally.In a filing overnight, U.S. Department of Justice officials asked the United States District Court for the Southern District of...Read More

BABA received some rare less-than-bullish analyst attention this morningSunTrust Robinson this morning dropped its price target on Alibaba Group Holding Ltd (NYSE:BABA) to $215 from $235, with the downwardly revised forecast implying expected upside of just over 15% to Thursday night's close at $186.88. To put that in perspective, BABA stock has gained 31.2% over the last 52 weeks.Despite today's...Read More

The U.S. tariffs against China went into effect this morningDow Jones Industrial Average (DJI) futures are trading just above fair value today, reversing course and climbing higher after an early deficit. Stock futures initially took a tumble once President Donald Trump's duties on $34 billion of Chinese goods went into effect and China responded in kind with its own levies. However, the damage h...Read More

BEIJING (Reuters) - It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in.Tracking the journey of the vessel, Peak Pegasus, as it motored toward the northern Chinese port of Dalian was the 34th-highest t...Read More

LONDON (Reuters) - Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions.Top exporter Saudi Arabia told OPEC it raised oil output by almost 500,000 barrels per day last month, OPEC sources said, a sign Riyadh wants to make up for shortages elsewhere and dampen prices....Read More

WASHINGTON (Reuters) - U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.Nonfarm payrolls increased by rose by 213,000 jobs last month, the Labor Department said on Friday. Data for April and May was revised to show 3...Read More

BEIJING (Reuters) - Ford Motor’s (F.N) China slump intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst ever first-half, as buyers shunned its aging models that are awaiting overhauls and flocked to rivals.The U.S. automaker announced on Friday it sold 62,057 vehicles in China in June, taking its sales for the first half of the year to 400,443, do...Read More