Semiconductor heavyweights Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corporation (NASDAQ:INTC) have been in the headlines lately, with AMD capitalizing on initial reports of Intel's recent Spectre security flaw -- then admitting its own chips were also vulnerable. Speculators have responded by rushing to trade AMD options; this week, the stock takes the No. 9 spot on our list of equitie...Read More
While biotech mergers have dominated the headlines today, reports of a possible team-up in the agriculture industry have also raised eyebrows. Specifically, Archer Daniels Midland Company (NYSE:ADM) could be testing the M&A waters, after it was reported the company proposed a takeover of rival grain trader Bunge Ltd (NYSE:BG). Below, we will break down how ADM stock has reacted to the news.At las...Read More
Jan 22 (Reuters) - * Wynn Resorts Ltdposted quarterly adjusted earnings of $1.40 per share. The mean expectation of 15 analysts for the quarter ended December 31 was for earnings of $1.37 per share. * Revenue rose 29.89 percent to $1.69 billion from a year ago; analysts expected $1.57 billion. * Wynn Resorts Ltd's Reported EPS for the quarter was $4.77. * The mean earnings estimate of analysts had...Read More
BRUSSELS, Jan 22 (Reuters) - Euro zone finance ministers welcomed strong Greek progress in delivering reforms agreed with lenders, but agreed on Monday to wait with the next disbursement of loans for all of the agreed actions to be completed, they said in a statement.To pay out new loans, international lenders have asked Greece first to adopt 110 "prior actions". To meet that condition,...Read More
Monday could be remembered as a milestone in the history of consumerism...Read full newsRead More
Before the internet investment company was closed down for illegally raising over $11 billion, it was attracting nearly two million users every day in late 2017 from its headquarters in Shanghai.Read full newsRead More
Jan 23 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 5,991.90 -13.90NZX 50**8,335.36 45.4DJIA26,146.6274.90 NIKKEI**23,816.338.27Nasdaq7,387.24 50.86 FTSE**7,715.44 -15.35S&P 500 2,824.52 14.22 Hang Seng** 32,393.41138.52SPI 200 Fut 5,965.027.0STI** 3,569.43 19.07SSEC**3,501.36 13.50 KOSPI** 2,502.11 -18.15--------------------------------------------------------------...Read More
XAU/USD trades in a tight $5 range on Monday. DXY finds support near 90.20 handle. After finishing the previous week with a loss of more than $10, the XAU/USD pair started the week with a small bullish gap but failed to extend its gains. As of writing, the pair was trading near $1331, virtually unchanged on the day. Despite today's fluctuations, the pair is moving in a relatively tight tradi...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session slightly lower Monday. Somechart consolidation and mild profit taking from the shorter-term futurestraders were featured amid a lack of major, markets-moving news to start thetrading week. February Comex gold was last down $0.70 an ounce at $1,332.50.March Comex silver was last down $0.026 at $17.01 an ounce.Whilethe U.S. gover...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session slightly lower Monday. Some chart consolidation and mild profit taking from the shorter-term futures traders were featured amid a lack of major, markets-moving news to start the trading week. February Comex gold was last down $0.70 an ounce at $1,332.50. March Comex silver was last down $0.026 at $17.01 an ounce.While the U.S....Read More
Xerox Corp (NYSE:XRX) is trading up, after Carl Icahn demanded the $8 billion printing company put itself up for sale. The activist investor, along with fellow XRX stakeholder Darwin Deason, encouraged Xerox to explore strategic options, said they will elect four new board members, and requested the resignation of CEO Jeff Jacobson. This follows last week's letter, where the two -- who collectivel...Read More
WASHINGTON (Reuters) - U.S. lawmakers struck a deal to reopen the federal government three days into a shutdown prompted by an impasse over immigration and border security, the Senate Democratic leader said on Monday."We will vote today to reopen the government," Minority Leader Chuck Schumer told the Senate.Democrats had insisted that any short-term spending legislation to keep the gove...Read More
* Biotechs Bioverativ, Juno jump after big deals* Validus gains after AIG agrees to buy reinsurer* Senate to vote at noon on extending government funding* Indexes up: Dow 0.26 pct, S&P 0.44 pct, Nasdaq 0.68 pct (Updates to early afternoon)By Sruthi ShankarJan 22 (Reuters) - Wall Street's main indexes were at session highs in afternoon trading on Monday after U.S. senators reached a deal to end...Read More
The gold price remains stable today after sizeable gains last Friday due to the government shutdown in the US but the volatility is expected to pick up later today in the American session when the senate votes on a measure to end the government closure. The Senate will hold the vote to reopen the government by providing 3 weeks of funding and its far from clear whether the republicans will have th...Read More
NEW YORK, Jan 22 (Reuters) - The dollar pared losses against a basket of currencies on Monday, after news that Republican leaders in the U.S. Senate had rounded up enough votes to move a stopgap funding bill that would end a government shutdown.The U.S. government shutdown took effect at midnight on Friday after Democrats and Republicans failed to agree on a last-minute deal to fund government ope...Read More
(Bloomberg) - Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time.Agarwal surprised Anglo's management last year when he took a 21 percent stake in the company, becoming its top shareholder. The structure of the purchase, done via a mandatory exchange bond issu...Read More
(Bloomberg) - Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time.Agarwal surprised Anglo's management last year when he took a 21 percent stake in the company, becoming its top shareholder. The structure of the purchase, done via a mandatory exchange bond issu...Read More
Shares in low-cost airline easyJet PLC (LON:EZJ) are up over 15% in the last three months, in response to improving market conditions, with a boost last week from an upgrade in rating by US investment bank Morgan Stanley.The demise of Air Berlin and Monarch - the former now part of easyJet - has taken some capacity out of the market, but countering this the cost per seat (excluding fuel) at consta...Read More
The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both jumped to record highs today, despite uncertainty surrounding the government shutdown. While Senate Majority Leader Mitch McConnell has scheduled a vote this afternoon, the latest reports suggest there's no guarantee Democrats and Republicans will strike a deal. Investors are also digesting big healthcare M&A news and looking ahead to the la...Read More
* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Jan HarveyLONDON, Jan 22 (Reuters) - Copper rose on Monday, leading broad gains across base metals as optimism over the outlook for global growth and supply concerns helped prices recover some of the previous session's losses. After a half-percent drop on Friday, copper prices bounced back nearly 1 percent, while tin cli...Read More