(Reuters) - The Federal Reserve may well raise U.S. interest rates four times this year given the boost from tax cuts and spending, and overseas strength that will further stimulate the U.S. economy, a top U.S. central banker said on Friday.Boston Fed President Eric Rosengren, a veteran policymaker who foreshadowed the shift last year to a more hawkish stance, urged “regular but gradual&rdqu...Read More
SEOUL/WASHINGTON (Reuters) - World leaders welcomed prospects for a possible thaw in the long standoff over North Korea’s nuclear weapons program on Friday after U.S. President Donald Trump said he was prepared to hold an unprecedented meeting with North Korean leader Kim Jong Un.Trump and Kim prompted jitters around the world last year as they exchanged bellicose insults over the North&rsqu...Read More
The U.S. stock market is in rally mode after this mornings jobs report, with the Nasdaq Composite (IXIC) barreling back into record-high territory. Among individual names making notable moves are FAANG stock Netflix, Inc. (NASDAQ:NFLX), big bank Goldman Sachs Group Inc (NYSE:GS), and Fisher-Price parent Mattel, Inc. (NASDAQ:MAT). Here's a quick look at how shares of NFLX, GS, and MAT are trading t...Read More
Editor's Note: Gold and silver have been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitc...Read More
Editor's Note: Gold and silver have been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitc...Read More
NEW YORK (Reuters) - The bull market for stocks turned nine years old on Friday and, despite being long in the tooth, appears poised to set the record as the longest in history, buoyed by global economic growth and stronger company earnings.It is unlikely to be a smooth ride, however, as investors have already had to endure a 10-percent market correction sparked by inflation concerns and heightene...Read More
Last week we talked about how and when to exercise options, and to explore the category further, this week we are looking at the flip side of the coin -- options assignment. There are two sides to an options trade: the buyer and the seller. It's important to remember that only buyers can exercise an option. When an option is exercised by the buyer, the seller of that option is required to act -- o...Read More
FRANKFURT/LONDON (Reuters) - European steelmakers are pinning their hopes on the European Union being able to negotiate an exemption from new U.S. steel import tariffs that have raised fears of a damaging trade warShare prices initially fell across the European steel sector on Friday, but there was something of a mixed picture, with two of the bloc’s biggest producers saying the move will ha...Read More
While the Dow Jones Industrial Average (DJI) is higher today, thanks to a strong jobs report and easing geopolitical tensions between the U.S. and North Korea, the blue-chip index has been underperforming its tech-rich counterpart, the Nasdaq Composite (IXIC). What's more, if recent history is any indicator, this could be a bullish signal for U.S. stocks -- and the Nasdaq could extend its quest fo...Read More
(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Friday said he wanted the U.S. central bank to keep interest-rate increases on hold until after March to allow inflation a chance to rise and even exceed the Fed’s 2-percent target.“My own preference would be to wait a little bit longer,” Evans said in a CNBC interview. “We could go midyear and all of a sud...Read More
Editor's Note: Gold and silver have been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Kit...Read More
Editor's Note: Gold and silver have been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Kit...Read More
By Jacob Bunge and Dana Mattioli Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, people familiar with the matter said, throwing into question a combination that could have formed one of the world's largest agricultural conglomerates. The two companies, among the largest global traders and processors of farm commodities, have been unable to reach an agreement despit...Read More
SDX Energy (LON:SDX) chief executive Paul Welch updates Proactive Investors on the new gas discovery at its SAH-2 well.SAH-2 was drilled down to 1,304 metres and has encountered some 5.2 metres of net conventional gas pay, across two zones (Guebbas and Hoot)Welch says they're now moving north to drill two exploration wells - the final two in their 9-well campaign. Meet AusCann Group Holdings...Read More
The Dow Jones Industrial Average (DJI) jumped triple digits out of the gate, and hasn't looked back. Boosting the blue-chip index is this morning's blowout jobs report, while a modest rise in wage growth is helping to temporarily ease inflation fears. Traders are also cheering a planned meeting between U.S. and North Korean leaders. Intel (INTC) is the best Dow stock at midday, and the big surge f...Read More
(Bloomberg) - When Lonmin Plc Chief Executive Officer Ben Magara announced in December that Sibanye Gold Ltd. had agreed to buy the platinum miner, he was visibly relieved.He can't relax just yet.To keep the deal alive, Lonmin should avoid burning cash by the time of shareholder votes on the purchase later this year, according to Sibanye. That may be a tough ask for a company that's been forced t...Read More
HOUSTON (Reuters) - Two influential U.S. senators pushed President Trump on Friday to be more nuanced in his approach to trade, in the wake of his controversial decision to impose tariffs on most steel and aluminum imports.“I would hope that we would not treat every country like a one size fits all,” U.S. Senator John Cornyn, Republican of Texas and Senate majority whip, said at the CE...Read More
SEOUL/WASHINGTON (Reuters) - For at least two decades, leaders in North Korea have been seeking a personal meeting with an American president.Now, as a summit unexpectedly appears possible, analysts fear U.S. President Donald Trump’s understaffed administration may lack the expertise to successfully turn a political spectacle long sought by Pyongyang into a meaningful opportunity to convince...Read More
Mining Capital's Alastair Ford discusses the potential upcoming meeting between US President Donald Trump and the leader of North Korea Kim Jong Un.''It would be fascinating to be a fly on the wall during the actual meeting to see how they interact''''The North Koreans have been seeking a meeting with the US President for years and this is something they've always wanted ... so the idea that the T...Read More
DAKAR, March 9 (Reuters) - Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement.International mining companies that operate in Congo, Africa's top copper producer, have vigorously opposed the new law, although Kabila pledged this week to work with them while implementing it....Read More