Analysts are universally bullish toward DALDelta Air Lines, Inc. (NYSE:DAL) stock is up 2.7% to trade at $52.90, after the airline company reported first-quarter earnings and revenue that surpassed analyst expectations. It was also Delta's third straight quarter with higher average fares and passenger traffic, with Delta President Glen Hauenstein touting the firm's "best revenue momentum since 201...Read More
Lucara Diamond recovered a 472 carat, top light brown gem diamond from its 100% owned Karowe Diamond Mine located in Botswana. "In 2018, mining at Karowe is focused in the high value south lobe, which consistently delivers large, high quality diamonds in excess of 10.8 carats in size,"said CEO Eira Thomas. "The 472 carat is the third largest diamond ever recovered from the mine and will be sold al...Read More
Short interest on BLCM represents nearly 16% of its total available floatShares of stem cell specialist Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) are near the top of Nasdaq, surging in early trading after the Food and Drug Administration (FDA) lifted its clinical hold on the company's maincancer therapy, BPX-501. BLCM has since received one upgrade and no fewer than three price-target hikes. Most...Read More
Exchange-traded-product holdings of goldare higher so far this month after investors increased their exposure to theprecious metal in the first quarter, led by buying in the U.S. and China, saysStandard Chartered. “ETP holdings are up 24.4 tonnes (t) so far in April,compared to inflows of 47t in Q1 2018,” Standard says. “While Europe holdingswere relatively insulated last year, t...Read More
Exchange-traded-product holdings of gold are higher so far this month after investors increased their exposure to the precious metal in the first quarter, led by buying in the U.S. and China, says Standard Chartered. “ETP holdings are up 24.4 tonnes (t) so far in April, compared to inflows of 47t in Q1 2018,” Standard says. “While Europe holdings were relatively insulated last ye...Read More
LONDON (Reuters) - Cryptocurrency prices jumped on Thursday, led by a 10 percent surge in bitcoin to two-week highs, though analysts said they were unsure of what had triggered the spike.On the Luxembourg-based Bitstamp exchange BTC=BTSP, bitcoin spiked as much as 14 percent at one point in mid-morning European trading and by 1225 GMT was up 10.3 percent at $7,657, its highest level since March 2...Read More
LONDON/NEW DELHI (Reuters) - The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices.U.S. shale oil output has been booming over the past year since OPEC reduced its own production in tandem with Russia to prop up global oil...Read More
BRUSSELS (Reuters) - Euro zone industrial production was much weaker than expected in February, data showed on Thursday, pointing to slower economic growth in the first quarter and no quick policy tightening from the European Central Bank.The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the euro fell 0.8 percent month-on-month for a 2.9 p...Read More
(Reuters) - U.S. carrier Delta Air Lines Inc (DAL.N) reported a 9.5 percent rise in quarterly revenue on Thursday, boosted by higher average fares and passenger traffic.However, the Atlanta-based carrier’s net income fell to $547 million in the first quarter ended March 31 from $561 million a year earlier. Higher costs, including a spike in fuel prices and a $44 million negative impact from...Read More
April 12 (Reuters) - U.S. carrier Delta Air Lines Inc reported a 9.5 percent rise in quarterly revenue on Thursday, boosted by higher average fares and passenger traffic.However, the company's net income fell to $547 million in the first quarter ended March 31, from $561 million a year earlier.The No. 2 U.S. airline by passenger traffic's earnings per share remained flat at 77 cents.Total operatin...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE MOBILIZES THIRD DRILL RIG TO NEVADA GOLD PROJECT Northern Empire Resources Corp. has mobilized a third drill rig to the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.Michael G. Allen, Northern Empire's president and chief executive officer, commented: "This rig will be working at the permitted Sterling mine to follow up on...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE MOBILIZES THIRD DRILL RIG TO NEVADA GOLD PROJECT Northern Empire Resources Corp. has mobilized a third drill rig to the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.Michael G. Allen, Northern Empire's president and chief executive officer, commented: "This rig will be working at the permitted Sterling mine to follow up on...Read More
The president muddied the timeline for a potential airstrike on SyriaFutures on the Dow Jones Industrial Average (DJI) are trading well above fair value, as traders brush off geopolitical concerns following a cryptic tweet from President Donald Trump, who said a military strike on Syria "could be very soon or not so soon at all!" Additionally, Russian President Vladimir Putin urged Wednesday for "...Read More
(Reuters) - BlackRock Inc (BLK.N), the world’s largest asset manager, reported first-quarter profit that exceeded Wall Street estimates on Thursday, benefiting despite higher volatility in global markets.BlackRock said its iShares family of exchange-traded funds (ETFs) added $34.65 billion in new money in the quarter, down from $64.48 billion a year earlier.The new assets helped BlackRock bo...Read More
JAKARTA (Reuters) - The World Bank raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible U.S.-China trade war could harm growth in countries that are part of the Chinese goods supply chain.The Washington-based lender said in a report on Thursday it expected 2018 growth in the developing East Asia and Pacific (EAP) region, which includes China, to expand 6.3...Read More
Andy Michuda, president and chief executive of Sopheon PLC (LON:SPE) tells Proactive Investors they're just now really starting to get out and tell their story after focusing on proving up and demonstrating their software.''Now that we're getting the word out and telling the story more we see that there's opportunities for growth quite significantly''.''We are focusing on upside growth going forwa...Read More
Increase of geopolitical concerns increases gold's safety demand.Gold rallies impressively to an important price level.A push behind this level should spark additional short covering.Gold benefited from the latest instability in Russia and Syria on Wednesday and finally lived up to its potential as a safe-haven asset. A significant rally to a multi-week high gave the bears a scare but embolden...Read More
Mandalay ResourcesCorp. (TSX: MND) announces first-quarter production of 23,172 gold-equivalentounces and sales of 29,151. This is down from 32,481 produced in the samequarter a year ago. Mark Sander, president and chief executive officer, saysoutput at Bj??rkdal rose but Costerfield production fell due to expected lowermining grades. “Mandalay’s production and sales results for the fi...Read More
GENEVA (Reuters) - World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday.Trade in goods will grow 4.4 percent this year after a decade averaging 3.0 percent a year following the financial crisis. Last year it grew 4.7 percent - much higher than the 3.6 percent forecas...Read More
(Reuters) - U.S. stock index futures edged higher on Thursday on expectations of strong corporate earnings, looking past geopolitical risks and concerns about faster interest rate hikes.The world’s largest asset manager BlackRock Inc (BLK.N) reported a better-than-expected profit, kicking off the first-quarter earnings season. Its shares were up 1.7 percent in premarket trading.Analysts expe...Read More