Facebook Inc (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) are both in focus today, as traders eye the latest quarterly earnings results from the two tech heavyweights. While FB is firmly higher despite a massive drop in time spent on the app, Dow component MSFT is churning around breakeven in the wake of its earnings beat.FB stock is up 3.7% to trade at $193.88,a new all-time high. In after...Read More
* Dollar bounce after Fed meeting short-lived* Greenback pares gains against yen* Euro strengthens (New throughout; updates to U.S. market open, changes byline, dateline, previously LONDON)By Stephanie KellyNEW YORK, Feb 1 (Reuters) - The dollar failed to hold onto its gains against a basket of currencies on Thursday, the day after the Federal Reserve said it expected inflation to rise this year.T...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 1 (Reuters) - Bitcoin's popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report on Thursday. "Cybercriminals follow the money and right now they see in the unregulated and la...Read More
Chipmaker Nvidia Corporation (NASDAQ:NVDA) is making headlines after being removed from Goldman Sachs' conviction list, exactly one week before the company is slated to report its fourth-quarter earnings. However, the brokerage firm still has a "buy" rating on the equity and expects the company to announce strong guidance when it reports. Nvidia shares have overcome early losses to trade right nea...Read More
* Central bank delivers third rate hike since August* Governor signals another hike likely later this year* Some analysts had expected faster hike pace* Crown gives up some gains* For TEXT of c.bank statement: (Updates with c.bank, governor comments, market reaction)By Robert Muller and Jan LopatkaPRAGUE, Feb 1 (Reuters) - The Czech National Bank raised interest rates on Thursday for the third tim...Read More
(Kitco News)- The gold market is holding on to positive gains after the manufacturing sector held firm at the start of the year, according to data from the Institute for Supply Management (ISM).Thursday, the ISM said its manufacturing index showed a reading of reading 59.1 for January, well above economists' expectations but down compared to December's reading of 59.7%. Consensus forecasts were...Read More
Ontario is supporting Canadian, independent and international films by investing in the establishment of an independent cinema in downtown Sudbury.Through the Northern Ontario Heritage Fund Corporation (NOHFC), the province is supporting Sudbury Indie Cinema as it renovates the gymnasium of the former St. Louis de Gonzague School into a cinema and multi-use arts venue. This investment will help t...Read More
Following its poorly received earnings release last week, Starbucks Corporation (NASDAQ:SBUX) is seeing bearish analyst attention this morning, while Chipotle Mexican Grill, Inc. (NYSE:CMG) was hit with a downgrade of its own ahead of earnings next Tuesday. We'll quickly check in on shares of SBUX and CMG below to see how the stocks are trading following this round of downbeat attention.More Post-...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Cecilia Jamasmie, MINING.com editor will be a moderator.CRU's 17th World Copper Conference is the world premier copper conference and attracts over 500 delegates. Together with CESCO Week the event constitutes one of the most important gatherings in the mining industry. This CEO-level meeting boasts an impressive delegation of industry decision-makers and is the best opportunity to hear from coppe...Read More
Cecilia Jamasmie, MINING.com editor will be a moderator.CRU's 17th World Copper Conference is the world premier copper conference and attracts over 500 delegates. Together with CESCO Week the event constitutes one of the most important gatherings in the mining industry. This CEO-level meeting boasts an impressive delegation of industry decision-makers and is the best opportunity to hear from coppe...Read More
Golden Star Resources (NYSE American: GSS;TSX: GSC; GSE: GSR) has achieved commercial production at its PresteaUnderground Gold Mine in Ghana. Output will ramp up during 2018. TheWest Reef ore body has proven and probable mineral reserves of 1.09 milliontonnes of gold at 13.93 grams per tonne of gold, the company says. Explorationdrilling is occurring with the goal of upping th...Read More
Mr. Ryan King reportsCALIBRE MINING DRILLING EXPANDS TWO GOLD-SILVER DISCOVERIES INTERSECTING 7.45 METRES GRADING 9.73 G/T AUEQ AND 4.10 METRES GRADING 10.52 G/T AUEQ ON THE EASTERN BOROSI PROJECT, NORTHEAST NICARAGUA Calibre Mining Corp. has provided final drilling results for the Q4 2017 diamond drilling program on the Eastern Borosi gold project, Nicaragua.Exploration and drilling on the projec...Read More
Mr. Ryan King reportsCALIBRE MINING DRILLING EXPANDS TWO GOLD-SILVER DISCOVERIES INTERSECTING 7.45 METRES GRADING 9.73 G/T AUEQ AND 4.10 METRES GRADING 10.52 G/T AUEQ ON THE EASTERN BOROSI PROJECT, NORTHEAST NICARAGUA Calibre Mining Corp. has provided final drilling results for the Q4 2017 diamond drilling program on the Eastern Borosi gold project, Nicaragua.Exploration and drilling on the projec...Read More
Stock futures are pointed lower to kick off the new month, as traders continue to digest the Fed statement that sent bond yields surging Wednesday afternoon. Dow Jones Industrial Average (DJI) futures are down nearly 120 points, while Nasdaq-100 Index (NDX) futures are also trading well below fair value amid mixed earnings reactions from the likes of Microsoft (MSFT) and Facebook (FB). Expect th...Read More
Drug stock Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) was one of the best S&P 500 Index (SPX) performers of 2017, and that momentum is carrying over into the new year. VRTX shares are currently trading 5.8% higher in pre-market action, putting them on pace to open at a record high of $176.50, after the company's earnings release and drug announcements were met with a round of bullish analys...Read More
CIBC looks forthe recent softer trend in the U.S. dollar to eventually continue althoughperhaps with a pause for now. “The U.S. dollar weakness we had projected camefaster than we thought, making a plateau likely,” the Canadian bank says in amonthly foreign-exchange outlook. “But there’s still another leg of USDdepreciation down the road when overseas central banks turn mor...Read More