Editor's Note: Gold and silver has 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.(Kitco...Read More
After a quiet churn to record highs in 2017, the U.S. stock market started 2018 with a jolt of volatility. In fact, the Dow Jones Industrial Average (DJI) recently suffered three straight losses of 1% -- the longest such stretch in more than two years. What's more, similar signals preceded both the financial crisis and the Black Monday sell-off.Last Back-to-Back-to-Back 1% Drops Since 2016Since 19...Read More
NEW YORK (Reuters) - A federal judge on Thursday expressed skepticism about whether U.S. President Donald Trump can constitutionally block Twitter users whose views he does not like from following and retweeting from his own Twitter account.At a hearing in Manhattan federal court, U.S. District Judge Naomi Reice Buchwald asked Trump’s lawyer Michael Baer whether letting Trump bar users from...Read More
With the Fed set to meet later this month -- and fed funds futures indicating an 86% probability the central bank will raise interest rates at this two-day meeting, according to the CME Group website -- next week's pair of inflation reports will headline a busy economic calendar. Retailers will also be in focus, with retail sales and earnings from several notable names including Dick's Sporting Go...Read More
WASHINGTON (Reuters) - President Donald Trump's former campaign manager, Corey Lewandowski, arrived at the U.S. Capitol on Thursday to be interviewed by the House of Representatives Intelligence Committee as it investigates Russia and the 2016 U.S. election. Lewandowski arrived at around 11 a.m. EST (1600 GMT) and was expected to talk to panel members behind closed doors until about 2 p.m. (1900 G...Read More
WASHINGTON/PARIS/BEIJING (Reuters) - President Donald Trump is to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Washington has repeatedly offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade” a gestur...Read More
Image: GlencoreThe price of copper dropped close to its 2018 lows and iron ore prices plunged on Thursday after customs data showed imports of raw materials by China weakening sharply in February.In brisk trading New York Comex copper for delivery in May gave up over 2% compared to Wednesday settlement price trading at $3.07 a pound ($6,770 per tonne). Copper is down 7% year to date.China's copper...Read More
Shares of technology concern Nvidia Corporation (NASDAQ:NVDA) notched a record high of $251.97 on Feb. 21, but have since pulled back to stage a successful test of their rising 40-day moving average. If past is precedent, it could be time to bet on NVDA's next leg higher, as previous retreats to this trendline have had bullish implications for the stock.According to Schaeffer's Senior Quantitati...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)LONDON, March 8 (Reuters) - China's Ministry of Finance made some minor but significant tweaks to its nickel import tariffs at the start of this year.The import duty on melting-grade nickel cathode was doubled from 1 percent to 2 percent, while that on nickel sulphate was cut from 5.5 percent to 2 percent.Why the differe...Read More
GVC Holdings PLC's (LON:GVC) planned acquisition of Ladbrokes Coral PLC (LON:GVC) will be a key focus when the sports betting company reports its full year earnings on Friday.Ahead of its results, GVC said on Thursday that shareholders have approved its takeover of Ladbrokes, which is expected to deliver cost synergies of at least ?100mln a yearThe final price paid will depend on the outcome of t...Read More
LONDON (Reuters) - The euro fell on Thursday as the dollar recovered and traders reduced their positions before a European Central Bank meeting later in the day where it could signal some baby steps toward ending monetary stimulus.All eyes will be on the ECB for clues about the speed and timing of monetary tightening and any signs it is starting to grow uncomfortable with the currency’s stre...Read More
SANTIAGO, March 8 (Reuters) - Chile's state-owned mining company Codelco, the largest copper producer in the world, received environmental approval this week to build a $1 billion desalination plant to supply water to its operations in the country's northern region.The go-ahead from the Antofagasta region's environmental regulator will allow the company to expand its Radomiro Tomic mine and advanc...Read More
The Dow Jones Industrial Average (DJI) was up triple digits at its session peak, as traders digested a big pharma buyout and looked ahead to an afternoon trade announcement from the White House -- with some expecting President Donald Trump's tariff plans to exclude Canada and Mexico. However, the Dow has since turned lower, though the S&P 500 Index (SPX) is still clinging to positive territory. Me...Read More
Stephen O'Hara, chief executive of OptiBiotix Health plc (LON:OPTI) tells Proactive's Andrew Scott their SlimBiome weight management technology will be used in US partner Cereal Ingredients' (CII) Nutri-Bites range of cereal products.The partnership will extend the application of SlimBiome (R) into products such as breakfast cereals and cookies, cakes as well as a range of healthy snacks, yoghurts...Read More
LONDON (Reuters) - The European Union has proposed making it a formal requirement for asset managers to consider “sustainability” when picking investments, a move the EU’s 23 trillion euro ($28.5 trillion) funds industry swiftly dismissed as a “tick-the-box” exercise.The EU wants more money going into sustainable and “green” projects that help cut greenhou...Read More
Editor's Note: Gold and silver has 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.(Kitco...Read More
Editor's Note: Gold and silver has 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.(Kitco...Read More
ROME (Reuters) - Italy will not issue new, multi-year budget targets until a new government has been formed following Sunday's inconclusive election, the Treasury said in a statement on Thursday.The Treasury normally issues economic and public finance targets in April, which are the basis of the budget bill to be drawn up in September.The Treasury said it will issue its forecasting document as usu...Read More
BONITA SPRINGS, Fla. (Reuters) - The Cboe Volatility Index .VIX, Wall Street’s so-called “fear gauge,” does not give the full picture of investor sentiment and other measures should be taken into account, speakers at a major derivatives conference said this week.A record spike in the index recently after years of muted activity has put the VIX back in focus as investors try to ga...Read More
WASHINGTON/SEOUL (Reuters) - Two senior South Korean officials arrived in the United States on Thursday to brief U.S. officials on their meeting this week with North Korean leader Kim Jong Un and Pyongyang’s apparent willingness to discuss denuclearization with Washington.South Korea’s National Security Office head Chung Eui-yong and National Intelligence Service chief Suh Hoon are exp...Read More