Today's downside extends recent technical troubles for the sharesShares of Longfin Corp (NASDAQ:LFIN) are trading down 22.5% at $45.95 -- extending Monday's 16.6% decline. Sparking the sell-off in the blockchain name is a scathing Citron Research tweet -- which also weighed in on Shopify (SHOP) yesterday -- calling LFIN a "pure stock scheme," and saying its filings and press releases are "riddled...Read More
(Reuters) - U.S. stock index futures rose on Tuesday, adding to Wall Street’s sharp rebound on Monday, as fears of a trade war between the United States and China eased.All three major U.S. indexes ended up more than 2 percent on Monday following reports that the United States and China were willing to renegotiate tariffs and trade imbalances.Global markets were rattled last week after Presi...Read More
GSK has had a disappointing 12 months, shedding 12% Shares of pharmaceutical concern GlaxoSmithKline Plc (NYSE:GSK) are moving higher after early this morning it was announced it's buying Novartis AG's (NVS)stake in their joint venturefor $13 billion. In response, GSK is trading up 4% at $38.92.Today's positive price action is a rare sight for GSK, as the stock has shed almost 12% year-over-year...Read More
The Dow is set to open up 100 pointsDow Jones Industrial Average (DJI) futures are trading more than 100 points above fair value, as stocks try to build off their best day in years. With trade war concerns on the back burner at the moment, the tech sector could again lead the charge following blowout earnings from software company Red Hat (RHT) -- even with Facebook (FB) set to erase Monday's mode...Read More
Risk assets jump on reports of U.S.-China trade talks Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a...Read More
HANOI/HONG KONG (Reuters) - Dozens of Chinese naval vessels are exercising this week with an aircraft carrier in a large show of force off Hainan island in the South China Sea, satellite images obtained by Reuters show.The images, provided by Planet Labs Inc, confirm a Chinese carrier group has entered the vital trade waterway as part of what the Chinese navy earlier described as combat drills tha...Read More
Kinross Gold Corp. (TSX: K, NYSE: KGC)says it was able to resolve a U.S. Securities and Exchange Commissioninvestigation of its West African mining operations “without any materialadverse effect on the company’s financial position or business operations.” The SECannounced Monday that the probe was resolved when Kinross - withoutadmitting or denying the findings -- agreed to aceas...Read More
Peter Shaw, chief executive of DP Poland Plc (LON:DPP), tells Proactive Investors they've seen costs ease and a better performance from their mature stores in recent months.Shaw says lower cheese prices and staff being easier to recruit compared to the last quarter has eased pressure on margins.Poland's economy also remained strong, with consumer demand healthy. Meet ANGLE plc, Faron Pharmac...Read More
(Kitco News) - Gold pricesarelower in early U.S. trading Tuesday, on profit taking from recent good gainsthat saw prices hit a five-week high overnight. A solid rebound in the U.S.dollar index today is working against the precious metals markets. Also, traderand investor risk appetite has up-ticked significantly early this week, whichis a bearish element for the safe-haven gold and silver. April C...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
ZURICH (Reuters) - GlaxoSmithKline is buying Novartis out of their consumer healthcare joint venture for $13 billion, taking full control of products including Sensodyne toothpaste, Panadol headache tablets, muscle gel Voltaren, and Nicotinell patches.GSK’s biggest move since Emma Walmsley became chief executive last year follows the British drugmaker’s decision last week to quit the r...Read More
LONDON (Reuters) - Facebook boss Mark Zuckerberg will not answer questions from British lawmakers over how millions of users’ data got into the hands of political consultancy Cambridge Analytica as the company faces further pressure on both sides of the Atlantic.Zuckerberg will instead send his Chief Technology Officer Mike Schroepfer or Chief Product Officer Chris Cox to appear before parli...Read More
MADRID (Reuters) - Spain on Tuesday raised its growth forecast for this year to 2.7 percent of economic output from 2.3 percent previously.The economy ministry said the new forecast were the result of political uncertainty easing in Catalonia after the state assumed direct control of the restive region and as the world and European economies are seen expanding more than initially thought in 2018.T...Read More
Afterhaving a great four-day run from the bottom, gold is now starting to fail fromthe top end of the range. Last week gold had one of its best weeks of the year,covering from the lows to the highs, similar to the pattern it had the week ofFeb. 12.TheFeb. 12 rally failed at resistance, and this rally looks like it will fail aswell. The market footprints indicate consolidation and with gold down $7...Read More
After having a great four-day run from the bottom, gold is now starting to fail from the top end of the range. Last week gold had one of its best weeks of the year, covering from the lows to the highs, similar to the pattern it had the week of Feb. 12.The Feb. 12 rally failed at resistance, and this rally looks like it will fail as well. The market footprints indicate consolidation and with gold d...Read More
Mr. Darin Wagner reportsBALMORAL RELEASES INITIAL RESOURCE ESTIMATE FOR MARTINIERE GOLD SYSTEM, DETOUR GOLD TREND PROJECT, QUEBEC Balmoral Resources Ltd. has provided the initial resource estimate for the near-surface portion of the Martiniere gold system on the company's wholly owned Martiniere property in Quebec.The initial resource estimate confirms the continuity of the gold mineralization wit...Read More
Mr. Darin Wagner reportsBALMORAL RELEASES INITIAL RESOURCE ESTIMATE FOR MARTINIERE GOLD SYSTEM, DETOUR GOLD TREND PROJECT, QUEBEC Balmoral Resources Ltd. has provided the initial resource estimate for the near-surface portion of the Martiniere gold system on the company's wholly owned Martiniere property in Quebec.The initial resource estimate confirms the continuity of the gold mineralization wit...Read More
Mining giant Rio Tinto (ASX, LON:RIO) has agreed to sell its Kestrel coal mine in Australia to private equity manager EMR Capital and Indonesian coal company Adaro Energy, in a deal worth $2.25 billion.The transaction makes of Rio Tinto the first major miner to exit the coal industry, and comes only a week after it announced the $1.7 billion-sale of its Hail Creek Mine, also in Australia, to Glen...Read More
Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES VICE PRESIDENT OPERATIONS AND PROVIDES UPDATE ON WINTER DRILL PROGRAM AND METALLURGICAL STUDIES Bonterra Resources Inc. has appointed Peter A. Ball as vice-president of operations and is providing an update of the continuing winter drill program and metallurgical studies."I am pleased to have Peter formally join the Bonterra team, as he has been a board...Read More