NEW YORK (Reuters) - The U.S. Treasury yield curve flattened to its lowest level in over 10 years on Monday as concerns about trade wars and divisions within the euro zone boosted demand for longer-dated safe-haven debt.Trade fears and tensions in Europe have raised concerns that divisions could slow global growth and potentially impede the Federal Reserve from making further interest rate hikes.F...Read More
50 trading ideas for next month, if past is prologueWe're almost to the halfway point of 2018, with July kicking off next week. As such, we decided to take a look at the best and worst stocks to own during the month, historically. Among the outperformers was drug stock Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), while the shares of cloud services provider Akamai Technologies, Inc. (NASDAQ:AKAM) c...Read More
WASHINGTON (Reuters) - President Donald Trump said on Monday that a lot of progress had been made in the Middle East, but he declined to say when the White House would release its plan for peace between Israelis and Palestinians.Trump, during a meeting with King Abdullah of Jordan, said things had improved since he pulled the United States out of the 2015 Iran nuclear deal. European allies opposed...Read More
WASHINGTON (Reuters) - President Donald Trump said on Monday that a lot of progress had been made in the Middle East, but he declined to say when the White House would release its plan for peace between Israelis and Palestinians.Trump, during a meeting with King Abdullah of Jordan, said things had improved since he pulled the United States out of the 2015 Iran nuclear deal. European allies opposed...Read More
The latest trade news is sending the tech sector into a spiral todayThe tech sector is feeling the brunt of the latest trade worries weighing on Wall Street, with the Nasdaq on track for its worst daily loss since April 2. Chip stocks are getting hit especially hard, and the VanEck Vectors Semiconductor ETF (SMH) is down 3.4% at $102.98. Options bears are targeting even bigger losses, too, with pu...Read More
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(Reuters) - U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies.The U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. technology firms, a government of...Read More
FSLR stock is hovering near a number of key technical levelsFirst Solar, Inc. (NASDAQ:FSLR) has been consolidating since a sharp pullback earlier this month that was compounded by a string of bearish analyst notes. In the meantime, some analysts have come to the stock's defense, like Baird two weeks ago, and BofA-Merrill Lynch, with the latter this morning upgrading FSLR shares to "buy" from "neut...Read More
(Kitco News) - As gold prices continue to fall despite escalating trade war rhetoric, some well-known bears are turning bullish on gold, as they see an opportunity to enter the gold market at a lower level.“The setup has strengthened, and I'm buying what I like to call ‘the most expensive doorstop’ in the world for the first time since the 2016 U.S. presidential election,”...Read More
June 25 (Reuters) - Wells Fargo & Co introduced a new credit card rewards program on Monday, aiming to stand out against other benefit-heavy cards and gain more of a foothold in a market where it has lagged rivals.Other big U.S. lenders like JPMorgan Chase & Co have successfully built up their credit card business by luring customers with travel and entertainment benefits in recent years.S...Read More
Gold futures finished with a loss on Monday, with the precious metal marking another low year to date, even as the U.S. dollar, strong throughout the month, weakened against its currency rivals. A fresh round of global trade friction was again driving financial market sentiment Monday, although the issue has had a subdued impact in supporting haven gold. August gold GCQ8, +0.07% fell $1.80, or 0....Read More
ATXI began trading publicly in late June of last yearPharmaceutical concern Avenue Therapeutics Inc (NASDAQ:ATXI) is lower in afternoon trading, erasing early gains likely due to broad-market headwinds. Nevertheless, one analyst thinks ATXI could more than double on the charts, and initiated coverage with a "buy" rating. Specifically, H.C. Wainwright started the penny stock with a "buy" endorseme...Read More
NEW YORK (Reuters) - Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit the markets after OPEC agreed to raise production and as U.S. equity markets slipped on trade war fears.Brent crude futures LCOc1 fell $1.35 to $74.20 a barrel by 12:30 p.m. EDT (1630 GMT). U.S. light crude CLc1 retreated after an early rise to trade down 41 cents to $68.17 a ba...Read More
(Kitco News) - Gold and silver prices weremodestly lower in early-afternoon U.S. trading Monday. Gold was poised to closeat a six-month low close today, and silver is at the bottom of its recenttrading range. A general sell-off in the raw commodity sector today weighed onthe precious metals markets. Gold and silver continue to act more like rawcommodities than like safe-haven assets. Augustgold fu...Read More
(Kitco News) - Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Gold was poised to close at a six-month low close today, and silver is at the bottom of its recent trading range. A general sell-off in the raw commodity sector today weighed on the precious metals markets. Gold and silver continue to act more like raw commodities than like safe-haven assets. August g...Read More
WASHINGTON/BRUSSELS (Reuters) - Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations, regulatory officials told Reuters.Failure by the EU to explicitly exempt markets regulators from the bloc’s General Data Protection Regulation (GDPR) could je...Read More
SANTIAGO, June 25 (Reuters) - Workers at Codelco's Chuquicamata copper mine in Chile, the state miner's second largest by output, are threatening to walk off the job soon to protest plans to transform the century-old open pit into an underground mine, a union leader said on Monday.Four of the Chuquicamata's six workers' unions voted to go ahead with strikes, alleging the company's plans to overhau...Read More
SANTIAGO, June 25 (Reuters) - Workers at Codelco's Chuquicamata copper mine in Chile, the state miner's second largest by output, are threatening to walk off the job soon to protest plans to transform the century-old open pit into an underground mine, a union leader said on Monday.Four of the Chuquicamata's six workers' unions voted to go ahead with strikes, alleging the company's plans to overhau...Read More
LUXEMBOURG (Reuters) - The European Union imposed economic sanctions on 11 senior Venezuelan officials on Monday in protest at President Nicolas Maduro’s re-election, which the bloc says was not free or fair, and over his government’s alleged rights abuses.The new travel bans and asset freezes, discussed and reported by Reuters in May , follow EU moves against seven other senior offici...Read More
MU stock has shed almost 18% since its late-May peakChip stocks are selling off today on renewed U.S.-China trade tension. Micron Technology, Inc. (NASDAQ:MU) is one name that's plummeting alongside its sector peers -- likely putting recent options traders on edge.In fact, Micron popped up on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that have attracted the highest op...Read More