NEW YORK (Reuters) - U.S. stocks rose on Tuesday as gains in the technology and energy sectors helped Wall Street recover from a sharp sell-off a day earlier on spiraling global trade tensions.Technology stocks .SPLRCT added the most gains to the S&P 500 after having slid on Monday upon conflicting statements from Trump administration officials on restrictions on foreign investment in U.S. tec...Read More
NEW YORK (Reuters) - The U.S. government on Tuesday criminally charged a Standard & Poor's credit ratings analyst and two friends, all from Manhattan, with insider trading related to Sherwin-Williams Co's $9.3 billion purchase of Valspar Corp.According to prosecutors, the analyst Sebastian Pinto-Thomaz, 32, tipped Abell Oujaddou and Jeremy Millul in early March 2016 about the impending transac...Read More
Drug stocks are making volatile moves in an otherwise quiet trading sessionStocks are cautiously higher in quiet trading this afternoon. Three stocks making some more noteworthy moves are pharmaceutical concerns Achieve Life Sciences Inc (NASDAQ:ACHV), Puma Biotechnology Inc (NASDAQ:PBYI), and Achaogen Inc (NASDAQ:AKAO). Below, we will take a closer look at howshares of ACHV, PBYI, and AKAO ar...Read More
"Wisdom abounds in this #nickel market overview from Jim Lennon & Clive Whittington. Fave quote: "Even w/ the impact of growing supply from Indonesia, the market has moved from significant over-supply to significant under-supply." @TheAssay @Investinmining https://t.co/anuuSiriSo"Read full newsRead More
HOUSTON (Reuters) - The United States risks losing time and competitiveness the longer it continues its trade spat with Mexico and Canada and fails to focus on threats from China, a U.S. central banker said on Tuesday.“Intellectual property rights and technology transfer are very big issues, where China is using the joint ventures to get technology and then compete globally,” U.S. Dall...Read More
WASHINGTON (Reuters) - An automotive trade group said on Tuesday it would tell the Trump administration that a U.S. threat to impose a tariff of up to 25 percent on imported passenger vehicles under national security grounds would cost American consumers $45 billion annually, or $5,800 per vehicle.The Alliance of Automobile Manufacturers, a group representing General Motors Co (GM.N), Toyota Motor...Read More
HOUSTON (Reuters) - The United States risks losing time and competitiveness the longer it continues its trade spat with Mexico and Canada and fails to focus on threats from China, a U.S. central banker said on Tuesday.“Intellectual property rights and technology transfer are very big issues, where China is using the joint ventures to get technology and then compete globally,” U.S. Dall...Read More
WASHINGTON (Reuters) - U.S. Vice President Mike Pence will meet on Thursday in Guatemala to discuss the immigration issue on the U.S. southern border with the presidents of Guatemala and Honduras and the vice president of El Salvador, an aide told reporters on Tuesday.Pence is currently traveling in Brazil and had been slated on Thursday to meet with victims of a recent volcanic eruption in Guatem...Read More
SAN FRANCISCO (Reuters) - The San Francisco Federal Reserve Bank is aiming to have a list of 10 candidates for its new president by the end of summer and a pick in place by fall, the search committee’s chair told community activists in a private meeting on Monday.A San Francisco Fed spokesman confirmed the timeline to Reuters.The meeting was one of several the bank’s search committee h...Read More
WASHINGTON (Reuters) - Republican plans to make President Donald Trump’s tax cuts permanent for individuals and many private businesses would worsen an already rising U.S. debt burden, congressional researchers said on Tuesday.In its annual long-term budget outlook, the nonpartisan Congressional Budget Office (CBO) said the debt will equal 78 percent of U.S. gross domestic product by the end...Read More
Consumer confidence fell to 126.4 in June.Although sentiment toward current business conditions was unchanged, the long-term outlook was not optimistic.Gillian Brassil| @Gillian_Brassil Published 11 Hours AgoUpdated9 Hours AgoCNBC.com Kamil Krzaczynski | ReutersA shopper checks on merchandise at the J.C. Penney department store in North Riverside, Illinois.Consumer confidence fell well below ec...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he will ask Congress for an increase in funding for his proposed wall along the border with Mexico so it can be finished quickly.Speaking to reporters during a meeting on immigration with Republican lawmakers at the White House, Trump said Republicans would make border security a centerpiece of their campaigns ahead of congressiona...Read More
WASHINGTON (Reuters) - The Republican-controlled U.S. Congress, riddled by factional infighting, looks unlikely to act decisively this week on the immigration crisis at the U.S.-Mexico border, providing few answers on what comes next for separated parents and children.President Donald Trump’s abrupt order last week to end his policy of breaking up families at the border failed to explain how...Read More
Gold prices finished at their lowest level in more than six months on Tuesday, with the precious metal under pressure from gains in the U.S. stock market and a stronger dollar. The June selloff in global risk assets, which was sparked by a fresh round of global trade friction, continued Tuesday in most Asian markets but European stocks mostly advanced and U.S. benchmark stock indexes edged higher....Read More
The U.S. inflation story made further inroads this month, with year-over-year price growth for consumers and producers alike hitting multiyear highs. U.S. consumer prices expanded at their strongest pace in more than six years, climbing to an annual change of 2.8 percent in May. Prices for final demand goods, meanwhile, grew 3.1 percent, their strongest annual surge since December 2011.As you migh...Read More
CHICAGO (Reuters) - Most U.S. farmers understand President Donald Trump’s trade row with China is necessary to get the biggest buyer of U.S. agriculture commodities to change its behavior, Agriculture Secretary Sonny Perdue said on Tuesday.Perdue visited agricultural hub Chicago after commodity prices fell sharply this month on escalated tariff threats from Beijing and Washington.“They...Read More
WINNIPEG, Manitoba/TORONTO (Reuters) - Steel pipes and tubes used in drilling and transporting crude oil flooded into Canada this spring, a Reuters analysis shows, as U.S. President Donald Trump’s steel tariffs forced producers from Asia to Europe to seek new markets.Canada is a major steel producer in its own right and the biggest supplier to the United States, but the country is swamped by...Read More
Monday's retreat could be a buying opportunity for bullsSo-called FAANG stocks got smacked lower yesterday, as the tech sector fell amid heightened trade tensions with China. However, Amazon.com, Inc. (NASDAQ:AMZN) shares could heat back up in July, if past is prologue, and Apple Inc. (NASDAQ:AAPL) stock's pullback could be a rare buying opportunity for bulls.Amazon Stock Tends to Muscle Higher in...Read More
Enforcer Gold Corp. (TSXV:VEIN) is pleased to announce that it has appointed Stephen Dunn to its board of directors with an effective date of June 25, 2018.Read full newsRead More
LONDON (Reuters) - It was a choppy session for European shares on Tuesday, which initially saw a modest bounce after trade tensions triggered losses the previous day, but ran out of steam to close flat.The pan-European STOXX 600 was unchanged in percentage terms and remained at its lowest level since mid-April following Monday’s 2 percent slide.Germany's exporter-heavy DAX .GDAXI, which has...Read More