WASHINGTON (Reuters) - The most powerful member of the U.S. House of Representatives said on Tuesday that President Donald Trump’s planned tariffs on steel and aluminum imports are too broad and open the country to possible retaliation, adding that he encouraged the White House to more narrowly focus its approach.“There is clearly abuse occurring,” said Speaker Paul Ryan at a pre...Read More
1. New virtual reality (VR) exhibits were the rave at this year’s PDAC. Participants could put on VR glasses and experience 3D versions of open pit or underground mines. Others let their audience feel what it’s like to be in control of heavy mining machinery or part of an emergency situation.#PDAC2018 Booth Highlights: Fun virtual reality experience that will help mitigate #risks in #m...Read More
1. New virtual reality (VR) exhibits were the rave at this year’s PDAC. Participants could put on VR glasses and experience 3D versions of open pit or underground mines. Others let their audience feel what it’s like to be in control of heavy mining machinery or part of an emergency situation.#PDAC2018 Booth Highlights: Fun virtual reality experience that will help mitigate #risks in #m...Read More
Prior to the early February correction, U.S. stocks were chugging along to record highs. Since then, however, the number of stocks touching 52-week highs has plummeted, while the number of stocks exploring annual lows has crept higher -- sending up a stock market signal not seen in two years.New Lows Exceed New Highs for First Time Since 2016Looking at all optionable stocks -- nearly 3,200 equitie...Read More
Abercrombie & Fitch Co. (NYSE:ANF) is expected to report fourth-quarter earnings before the open tomorrow. Overall, ANF stock has turned in a solid year on the charts, already adding 19% in 2018. At last check, the shares were down 0.8% at $20.52, but if past is precedent, the retail stock could be gearing up for a big move following thereport tomorrow. In terms of earnings reactions, Abercrombi...Read More
Greencoat UK Wind (LON:UKW) investment manager Stephen Lilley caught up with Proactive Investors to discuss what's been a busy year for the company.Greencoat added 10 new wind farms to its portfolio, taking it to a total of 29.Current generation from the portfolio's now enough to power around 620,000 homes. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommuniti...Read More
LONDON (Reuters) - British Prime Minister Theresa May will hold talks with Saudi Crown Prince Mohammed bin Salman at her country residence on Thursday, diplomatic sources said, in another sign of the importance with which London is treating his visit.The visit to Chequers, a 16th-century manor house 40 miles (60 km) northwest of London, will be in addition to a previously announced meeting at May'...Read More
SEOUL (Reuters) - North Korea is willing to hold talks with the United States on denuclearization and will suspend nuclear tests while those discussions are under way, the South said on Tuesday after a delegation returned from meeting the North’s leader Kim Jong Un.Responding to the news in a series of tweets, U.S. President Donald Trump said he saw “possible progress” and that &...Read More
GENEVA, March 6 (Reuters) - The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday.High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power electric cars to reduce the amount of cobalt and increase the nickel content....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
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold?Five Star Movement triumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Bepp...Read More
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It's another negative shock for the European establishment. Will these stars shine on gold?Five Star Movement triumphsWe live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Bepp...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
(Reuters) - U.S. stocks opened higher on Tuesday on signs of easing tensions in the Korean Peninsula and mounting pressure against potentially damaging metals tariffs proposed by President Donald Trump.North Korea is willing to hold talks with the United States on denuclearization and will suspend nuclear tests while those talks are under way, the South said on Tuesday after a delegation returned...Read More
WASHINGTON (Reuters) - New orders for U.S.-made goods recorded their biggest decline in six months in January and business spending on equipment appeared to be slowing after strong growth in 2017.Factory goods orders fell 1.4 percent amid a broad decrease in demand, the Commerce Department said on Tuesday. That was the largest drop since July 2017 and followed five straight monthly increases. Fact...Read More
Cardlytics Inc (NASDAQ:CDLX) is enjoying a round of bullish analyst attention following the expiration of its quiet period, as the company went public back on Feb. 9. At least four brokerage firms initiated coverage on CDLX stock with the equivalent of a "buy" rating, and SunTrust Robinson set the highest price target at $25. Meanwhile, the lowest mark was $21 from Raymond James. The equity is tra...Read More
A Brazilian court denied a request by Norwegian aluminum maker Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, the court said in a statement, in the latest setback after allegations it had contaminated water in the area.Norsk Hydro had appealed to a higher court after a judge last week ordered the company to halve production at Alunorte. The complex, located in Barcarena in t...Read More
Investors retreated from gold-based exchange-traded funds in February, as volatility in the price of the precious metal made it a less-attractive haven asset despite U.S. stocks seeing sharp losses over the same period. According to Gold.org, an industry data group, gold funds experienced outflows of $142.3 million over the month, which translates into 5.1 metric tons of physical gold (popular gol...Read More
LONDON/BEIJING, March 6 (Reuters) - Glencore is in talks to sell around a quarter of its cobalt output in a one-year deal to Chinese firm GEM, but price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said.Cobalt has increasingly come under the spotlight over the last year as automakers lay out plans for massive investments in...Read More