RIGL stock, on the other hand, is continuing its wild April ridePharmaceutical stocks Calithera Biosciences Inc (NASDAQ:CALA), Teligent Inc (NASDAQ:TLGT), and Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) are all making big moves today, following Food and Drug Administration (FDA) news. What's more, CALA and TLGT could have room to run, if short sellers decide to hit the exits.Calithera Stock An Ana...Read More

OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, as expected, but said more hikes will be needed over time amid progress on the dynamics of wage growth and inflation, two issues that had previously concerned the central bank.In altering its long-repeated notes of caution on price and wage pressures, the bank sounded a more hawkish tone on the future of interest rates,...Read More

The bullish buzz has actually been building for Wendy's and Chipotle in 2018Back in late February we highlighted the growing bullish bias from analysts toward fast food stock Wendy's Company (NASDAQ:WEN), and that trend has continued in the subsequent weeks. Specifically, WEN was upgraded at UBS back on March 1, and Mizuho a couple weeks later initiated coverage with a "buy" rating. Today, it's...Read More

WASHINGTON (Reuters) - A senior U.S. Republican senator said on Wednesday he would strongly oppose any plan to make permanent the temporary individual tax cuts that are included in a tax overhaul recently passed by Congress.“It’s transparently political and bad for our nation,” Senator Bob Corker told reporters at a breakfast sponsored by the Christian Science Monitor. He called...Read More

PARIS (Reuters) - Striking French rail staff halted train services for the seventh day this month on Wednesday in protest over a major shake-up of the state-owned railway company, but President Emmanuel Macron said he would not be cowed into retreat.The rolling strikes, due to continue until the end of June, entered a more testing phase for unions at the SNCF rail company a day after the lower hou...Read More

Copper Intraday – SELL Copper at CMP 447.40 for Target 445 – 444 with SL Above price 450AFTER POST CONTENT Read More

The big box retailer will sell smart TVs that feature Fire TVShares of Best Buy Co Inc (NYSE:BBY) are trading higher after the big box retailer said it will begin selling TVs featuring Amazon's (AMZN) Fire TV. In reaction to the multi-year partnership, BBY stock is up 3.3% at $75.18, at last check. BBY has gained almost 50% over the past 12 months, and most recently touched a record high of $78.5...Read More

Supply issues multiplying across mining landscape, creating new challenges for end-usersRead full newsRead More

WASHINGTON (Reuters) - U.S. Senator Robert Menendez, the top Democrat on the Foreign Relations Committee, said on Wednesday he would oppose President Donald Trump’s nomination of CIA Director Mike Pompeo to be secretary of state, in a blow to the nomination.In a speech to a Washington think tank, Menendez criticized the Trump administration, and Pompeo in particular, for lacking a strategic...Read More

Makini Brice, Josh SmithWASHINGTON/SEOUL (Reuters) - CIA director Mike Pompeo, U.S. President Donald Trump’s nominee to become the top U.S. diplomat, visited North Korea last week and met leader Kim Jong Un with whom he formed a “good relationship”, Trump said on Wednesday.Pompeo became the most senior U.S. official known to have met Kim when he visited Pyongyang to discuss a pla...Read More

A few weeks ago, I alerted you to the bullish situation being created in the silver market since the global equity panic ended on February 9th. A few hours ago, the silver price began to take off like a scalded cat without any recognizable catalyst, other than the reasons I spoke of in this article. Based on the extreme bearishness of the speculator positions in the latest silver Commitment of Tra...Read More

DUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is within sight.The Organization of the Petroleum Exporting Countries, Russia and several other producers began to reduce supply in Janua...Read More

Blue-chip bank stocks are getting a lift after Morgan Stanley earningsDow Jones Industrial Average (DJI) futures are trading well above fair value, brushing off a negative earnings reaction for IBM as bank stocks Goldman Sachs (GS) and JPMorgan (JPM) trade higher in the wake of a Morgan Stanley (MS) earnings beat. Investor sentiment is also getting a boost from easing geopolitical risk, amid news...Read More

LONDON (Reuters) - The U.S. dollar clung to gains on Wednesday after rising from a three-week low as fading concerns about a trade war fed broader appetite for risk-taking among investors.U.S. markets were buoyed by strong corporate earnings and that helped European equities on Wednesday as investors focused on economic data and put to one side worries about a global trade war.Markets in Asia pick...Read More

NEW YORK (Reuters) - The European Central Bank would have to alter its march toward a more normal policy stance if growing risks from protectionism, exchange rates or market swings end up depressing inflation, ECB policymaker Francois Villeroy de Galhau said on Wednesday.“We should pay close attention to a possible cumulative risks scenario, the likelihood of which has increased recently: an...Read More

(Reuters) - Abbott Laboratories (ABT.N) reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches.The diversified healthcare company reported net earnings of $418 million, or 23 cents per share, in the quarter ended March 31, compared to $419 million, or 24 cents per share, a year earlier.Net sales rose to $7.39 billion from $6.34 billion....Read More

BERLIN/FRANKFURT (Reuters) - German unions have reached an inflation-busting pay hike deal for more than 2 million public sector workers that could push up prices and boost a consumer-led upswing in Europe’s biggest economy.The deal sealed late on Tuesday night is part of a broader, gradual shift in Germany’s economy in which private consumption has overtaken exports as the main growth...Read More

(Reuters) - U.S. stock futures rose on Wednesday after the latest batch of results including Wall Street bank Morgan Stanley (MS.N) added to optimism about the U.S. corporate reporting season.Morgan Stanley jumped 2.6 percent after the company reported a 40 percent jump in quarterly profit, helped by higher trading revenue, wrapping up earnings for the big U.S. banks.The S&P 500 companies are...Read More

NEW YORK (Reuters) - Some community banks have ramped up investments that could pose risks as interest rates rise, so they should evaluate their portfolios now that U.S. policy is tightening, Federal Reserve Bank of New York President William Dudley said on Wednesday.“We have observed that some community banks have taken on more interest-rate risk by increasing the maturity of their assets a...Read More

Kevin Yao, Shu ZhangBEIJING (Reuters) - The unexpected decision by China’s central bank to cut the amount of cash that lenders must keep in reserves is unlikely to be its last such move given the growing concerns about a possible trade war with the United States, economists said.The reduction in reserve requirement ratios (RRR), announced by the People’s Bank of China late on Tuesday,...Read More