(Bloomberg) - Berkeley Energia, the Australian company developing the project on land near Salamanca, says it's reviving Spain's grand mining tradition as it begins uranium production at a time when the global energy industry faces higher prices over the long term for the radioactive metal used to power nuclear plants. While Berkeley expects its Spanish uranium mine to be in production by the en...Read More
(Bloomberg) - Berkeley Energia, the Australian company developing the project on land near Salamanca, says it's reviving Spain's grand mining tradition as it begins uranium production at a time when the global energy industry faces higher prices over the long term for the radioactive metal used to power nuclear plants. While Berkeley expects its Spanish uranium mine to be in production by the en...Read More
NEW YORK - World stocks rose on Tuesday, supported by broad gains in Europe and rising oil prices, even though markets across Asia remained in the grip of trade turbulence.A July 6 deadline is looming for Washington to impose tariffs on $34 billion worth of Chinese goods that Beijing has vowed to match with tariffs on U.S. products. President Donald Trump also threatened on Monday to “do som...Read More
(Kitco News) - Gold prices are solidly higher and near their session highs asmidday approaches. Traders continue to do some short covering in the futuresmarket and bargain hunting in the cash market, after the yellow metal hit a12-month low overnight. A U.S. dollar index that is lower today is helping outthe precious metals market bulls. Augustgold was last up $15.70 at $1,257.50.By Jim Wyckoff Fo...Read More
WASHINGTON (Reuters) - New orders for U.S.-made goods unexpectedly rose in May, pointing to a strengthening manufacturing sector, but business spending on equipment continued to show signs of slowing.Factory goods orders increased 0.4 percent amid strong demand for machinery, the Commerce Department said on Tuesday. Data for April was revised up to show orders falling 0.4 percent instead of the pr...Read More
EXAS recently pulled back to a trendline that's had historically bullish implicationsShares of cancer screening specialist EXACT Sciences Corporation (NASDAQ:EXAS) are climbing today, up 3% to trade at $62.16 at last check.This is a good sign for the stock, which had pulled back following its ascent to record highs in mid-June. And EXAS could be headed even higher in the near term, if history is a...Read More
By Scott Patterson The U.S. Justice Department has demanded that Glencore PLC hand over records related to the Anglo-Swiss mining giant's compliance with laws against foreign-corrupt practices and money laundering concerning its business in the Democratic Republic of Congo, Nigeria and Venezuela. Glencore, which disclosed it had received a subpoena in a statement Tuesday, said it is reviewing th...Read More
(Kitco News) - Bargain hunting is helping to support platinum prices Tuesday after the market dropped to its lowest level in 14 years.Overnight platinum futures dropped to $800 an ounce, a price not seen since December 2008. However, prices have modestly recovered with October platinum futures last trading at $844.30 an ounce, up almost 4% on the day.Platinum prices have dropped more than 18% sinc...Read More
(Reuters) - Top U.S. automakers reported an increase in June sales, as consumers continued to lap up sport utility vehicles in larger numbers amid rising tensions between the United States and its trade partners.The escalating tensions led to a fall here in U.S consumer confidence in June, and weighed on purchase plans for big-ticket items such as automobiles.No. 1 U.S. automaker General Motors...Read More
A California utility is seeking permission to have a company build the world's largest battery, joining a growing list of power companies investing in storing electricity.Read full newsRead More
LONDON (Reuters) - European shares edged higher on Tuesday after German Chancellor Angela Merkel’s conservatives settled a row over migration and gave some respite to investors facing a rage of political worries including trade tensions with the United States.The pan-European STOXX 600 was up 0.6 percent by 0833 GMT with Germany's DAX .GDAXI posting the best performance with a 0.9 percent...Read More
BRUSSELS (Reuters) - The Trump administration has included Britain, Washington’s most loyal battlefield ally in the wars in Iraq and Afghanistan, among countries being sent letters rebuking them for spending too little on their militaries.Secretary of Defense Jim Mattis threatened to replace Britain with France as its main military ally unless London ramps up its defense spending, in a lette...Read More
Now also seems to be an affordable time to purchase EW optionsArtificial heart valve maker Edwards Lifesciences Corp (NYSE:EW) has been asurging up the charts following its late-October test of the century level. And according to Schaeffer's Senior Quantitative Analyst Rocky White, more upside may be in the cards for the medical technology name, as it has been one of the best stocks to own in the...Read More
Benefits from relentless USD selling across the board. Bulls take a breather ahead of the API crude stockpiles report. Gold futures on Comex staged a solid comeback from the lowest levels seen since July last year, and now looks to regain the $ 1250 mark heading into the US factory orders data. The yellow metal’s rebound today, is mainly driven by the US dollar slide across its mai...Read More
NEW YORK (Reuters) - Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released on Tuesday.The report, which looks at the global anti-money laundering market, showed that in the first...Read More
The brokerage firm cited risk over a potential trade war with ChinaIt's a busy time for travel. While several leisure stocks tend to outperform in July, Deutsche Bank sees turbulence ahead for American Airlines Group Inc (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL), and United Continental Holdings Inc (NYSE:UAL), downgrading the trio of airline names to "hold" from "buy," while citing risks surr...Read More
These gold stocks are getting darn cheap, but only one is worth a look.Read full newsRead More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday that talks with North Korea were “going well” as U.S. officials seek to reach an agreement with Pyongyang over a denuclearization plan following last month’s summit between Trump and North Korean leader Kim Jong Un.The White House has characterized ongoing meetings as positive but not commented on recent news repo...Read More
BEIJING (Reuters) - China’s leaders are confident the country can cope with major and external risks, they said at a high-level internal financial meeting, amid financial turbulence at home and rising trade tensions with the United States.The cabinet-level Financial Stability and Development Commission (FSDC), convened by Vice Premier Liu He for its first meeting, concluded on Monday that Ch...Read More
Newmont Mining Corp.(NYSE: NEM) says it has achieved commercial production at its Twin Creeksunderground expansion project in Nevada. The Twin Creeks underground mine willadd between 30,000 and 40,000 ounces of gold production per year at all-insustaining costs of between $650 and $750 per ounce for its first fiveyears of production, Newmont says. The new ore will also allow Newmont toprocess...Read More