NEW YORK (Reuters) - Oil prices fell on Thursday as investors took profits after this week’s rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.Brent crude LCOc1 futures for May delivery fell 48 cents to $68.99 a barrel, a 0.7 percent loss, by 1:31 p.m. EDT (1731 GMT) having retreated from a session peak of $69.70, close to its highest level sinc...Read More
LONDON (Reuters) - Concerns about trade sent European shares tumbling on Thursday as the United States prepared to announce hefty tariffs on Chinese imports, with banks, basic resources stocks and tech the worst-performing.U.S. President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion in Chinese imports.Separately, the European Union secured an exemptio...Read More
The Leading Economic Index rose in February. This is the fourth straight month of gains for the index, which combines 10 economic metrics to take a pulse on the U.S. economy. The index rose 0.8 percent in January. Kevin Breuninger| @KevinWilliamB Published 11 Hours AgoUpdated11 Hours AgoCNBC.com Getty ImagesCustomers shop at a Target store in Chicago, Illinois.A composite index of leading econ...Read More
Weekly puts are flying off the shelves on FXI, BABA, and VIPSThe White House this morning said it would unveil a tariff plan for China today, sending several China-based stocks into the red out of the gate. As promised, President Donald Trump just unveiled roughly $60 billion in new tariffs, meant to penalize China for intellectual property theft. Further, Trump warned that it's the "first of many...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war.Under the terms of the memorandum, Trump will target the Chinese imports only after a consultation period, a measure that will give industry l...Read More
Filo Mining Corporation (TSXV:FIL) (Nasdaq First North:FIL) ('Filo Mining' or the 'Company') is pleased to announce its results for year ended December 31, 2017.Read full newsRead More
WASHINGTON/LONDON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg’s apology for how his company handled 50 million users’ data did little on Thursday to ease investor worries about the cost to fix mistakes and lawmakers’ dismay that his response did not go far enough.Germany’s second-largest bank Commerzbank AG has suspended advertising on Facebook until further no...Read More
NTAP shares found support just above their year-to-date breakevenSubscribers to Schaeffer's Event Trader service recently scored a 167% profit with the NetApp Inc. (NASDAQ:NTAP) March 55 call. We're going to take a look back to see why we were initially bullish on NTAP when we recommended the call, and how the options trade unfolded. We entered our bullish NTAP position on Monday, Feb. 12, two...Read More
WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC), which has pushed for a budget increase to fund its job of overseeing the multitrillion-dollar derivatives market, said on Thursday it was “absolutely astounded” that the U.S. Congress is preparing to cut its funding.The CFTC would receive $249 million in a recently released government funding bill that Congres...Read More
NEW YORK (Reuters) - Major U.S. stock indexes fell as much as 2 percent on Thursday, where they were on track for the steepest drop since a Wall Street rout six weeks ago, gripped by the growing threat of a global trade war.U.S. President Donald Trump will sign a presidential memorandum on Thursday to potentially slap tariffs on $50 billion in Chinese imports over forced transfer of intellectual p...Read More
(Kitco News) - Gold futuresprices were ending the Thursday U.S. day session modestly up but well down fromdaily highs. Meantime, the cash gold market was weaker today following its bigafternoon gains on Wednesday. A firming U.S. dollar index today somewhatlimited buying interest in the precious metals markets. April Comex gold futures were last up $3.90 an ounce at $1,325.40. May Comex silver was...Read More
(Kitco News) - Gold futures prices were ending the Thursday U.S. day session modestly up but well down from daily highs. Meantime, the cash gold market was weaker today following its big afternoon gains on Wednesday. A firming U.S. dollar index today somewhat limited buying interest in the precious metals markets. April Comex gold futures were last up $3.90 an ounce at $1,325.40. May Comex silver...Read More
VRSN is the top-performing S&P stock in the week leading up to EasterDomain name giant Verisign, Inc. (NASDAQ:VRSN) looks set to pop next week, if history is any indication. According to Schaeffer's Senior Quantitative Analyst Rocky White, VRSN is one of only three S&P 500 Index (SPX) stocks that boasts a 100% win rate during the holiday-shortened Good Friday week, looking at returns from the past...Read More
THUNDER BAY, Ontario, March 22, 2018 (GLOBE NEWSWIRE) - One of the most ambitious and transformative infrastructure projects in Canada's history got the green light today with the Government of Canada and the Government of Ontario announcing funding for the Wataynikaneyap Power Transmission Line Project ("the Project") in the aggregate amount of $1.6 billion. The funding framework allows for a v...Read More
LONDON (Reuters) - Oil prices fell on Thursday as investors booked profits after this week’s rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.Brent crude futures LCOc1 were down 66 cents at $68.81 a barrel by 1410 GMT, having retreated from a session peak of $69.70, close to its highest level since early February. U.S. West Texas Intermediate (...Read More
(Kitco News)- A weight has been lifted from the gold market after the Federal Reservesignaled Wednesday that it is in no hurry to raise rates faster than it wasalready expecting this year, according to one gold analyst.In a telephone interview with Kitco News, George Milling-Stanley, headof gold investments at State Street Global Advisors said that he now expectsgold prices to eventually retest th...Read More
(Kitco News) - A weight has been lifted from the gold market after the Federal Reserve signaled Wednesday that it is in no hurry to raise rates faster than it was already expecting this year, according to one gold analyst.In a telephone interview with Kitco News, George Milling-Stanley, head of gold investments at State Street Global Advisors said that he now expects gold prices to eventually rete...Read More
TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More
TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More
WASHINGTON (Reuters) - The U.S. Congress raced on Thursday to approve a massive spending bill and send it to President Donald Trump before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.The House of Representatives cleared the way for a vote on the measure later on Thursday, voting 211-207 to open debate. I...Read More