Recent News

CANADA STOCKS-TSX near flat as financials rise, marijuana producers pull back

January 04, 2018 / www.kitco.com

(Adds details throughout on stocks and sectors; updates prices)TORONTO, Jan 4 (Reuters) - Canada's main stock index was little changed on Thursday as the financial and industrial groups climbed, while shares of energy and marijuana producers pared some recent gains.* At 10:46 a.m. EST (1546 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 0.1 of a point to 16,371.65. It touched...Read More

Powerful snowstorm hits eastern U.S., snarling travel

January 04, 2018 / www.kitco.com

BOSTON/NEW YORK (Reuters) - High winds and heavy snow barreled into the U.S. Northeast on Thursday, closing schools and government offices and disrupting travel as work crews scrambled to clear roads before plummeting temperatures turn snow into treacherous ice.Thousands of flights were canceled, snow plows and salt trucks were omnipresent on roads and highways, and commuters who braved the storm...Read More

Turkey says U.S. conviction of banker is 'unprecedented interference'

January 04, 2018 / www.kitco.com

ANKARA (Reuters) - Turkey on Thursday condemned the U.S. conviction of a Turkish banker for evading Iran sanctions as unprecedented meddling in its internal affairs, pushing back against a case that President Tayyip Erdogan has cast as a political attack.Wednesday’s court decision capped a trial that had strained diplomatic relations between the two countries and is likely to further aggrava...Read More

Israel Proposes Ban On Trading Shares Of Cryptocurrency Companies

January 04, 2018 / www.kitco.com

Steven ScheerJERUSALEM (Reuters) - Israel may ban from trading on the Tel Aviv Stock Exchange companies whose main business revolves around bitcoin and other cryptocurrencies, the Israel Securities Authority (ISA), the country’s markets regulator, said on Thursday.The regulator has proposed an amendment to exchange rules that would prohibit it from listing shares issued by companies that mai...Read More

Macy's Bullish Options Prices Implode as Retail Stocks Sell Off

January 04, 2018 / www.schaeffersresearch.com

Retail stocks are in focus today, as a number of companies release holiday sales numbers. The results aren't earning any accolades on Wall Street, though, with department store names J C Penney Company Inc (NYSE:JCP) and Macy's Inc (NYSE:M), as well as Victoria's Secret parent L Brands Inc (NYSE:LB) all slumping in early trading. Here's a closer look at how shares of JCP, M, and LB are performing...Read More

Where is Gold Headed Next Week? VOTE NOW!

January 04, 2018 / www.kitco.com

(Kitco News) - Kitco aficionados, it isnow time to have your say in where you think gold prices are heading in theshort-term.Will gold prices go higher, lower or remain unchanged nextweek? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12PM EDT) along with the results fromour market professional survey.Readers can also se...Read More

Where is Gold Headed Next Week? VOTE NOW!

January 04, 2018 / www.kitco.com

(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More

Dollar bounce short-lived as euro nears three-year high

January 04, 2018 / www.kitco.com

LONDON (Reuters) - The dollar dipped on Thursday, unable to hold onto gains made the previous day on the back of upbeat U.S. data and minutes from the Federal Reserve, as the euro resumed a rally that has taken it close to its highest levels in three years.The dollar index, which measures the currency against a basket of six major rivals .DXY, had slipped to its lowest since Sept. 20 on Tuesday, a...Read More

The 5 largest gold nuggets that still exist

January 04, 2018 / www.mining.com

Source: BullionStarThroughout gold rush and gold mining history, the discovery of a large gold nugget is a phenomenon which always causes excitement throughout a mining community as well as capturing the wider public's imagination. It has probably something to do with so much gold being found at the same time, often with relative ease.Gold nuggets can be found in alluvial deposits (sediments for...Read More

Citigroup: 'Buy' This Pharma Stock

January 04, 2018 / www.schaeffersresearch.com

Drug concern Teva Pharmaceutical Industries Ltd (NYSE:TEVA) stock is on the rise, after receiving an upgrade to "buy" from "neutral"from brokerage firm Citigroup. TEVA stock also scored a price-target hike to $24 from $16 -- a 50% increase -- as analysts continue to wax optimistic on Teva's job cuts and and dividend suspension plans. In notes to clients, Citigroup said it prefers "to move off the...Read More

Analyst Says It's Instagram Over Snapchat For Ad Buyers

January 04, 2018 / www.schaeffersresearch.com

Cowen and Company this morning weighed in on social media stocks Snap Inc (NYSE:SNAP), Facebook Inc (NASDAQ:FB), and Twitter Inc (NYSE:TWTR). While the update for SNAP shares was a bearish one, FB and TWTR both saw their price targets hiked. We'll take a closer look at the analyst attention and how the stocks are reacting below. Cowen Downgrades SNAP StockSnap is trading 4.4% lower out of the gate...Read More

RT @StuartLWallace: Commodities Forge Record-Setting Rally as BP to Miners Surge

January 04, 2018 / www.bloomberg.com

Commodities are forging a record-setting run of gains that straddles the end of 2017 and the start of the new year as crude oil notches multiyear highs and investors bet that booming global manufacturing output will help to sustain rising demand for raw materials.Read full newsRead More

US STOCKS-Dow breaks above 25,000 for first time

January 04, 2018 / www.kitco.com

* Private employers add 250,000 jobs in Dec vs est. 190,000* Tesla down after announcing Model 3 production delay* Indexes up: Dow 0.37 pct, S&P 0.35 pct, Nasdaq 0.45 pct (Updates to open)By Sruthi ShankarJan 4 (Reuters) - The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report a...Read More

Tesla Stock Stalls After Model 3 Production Delay

January 04, 2018 / www.schaeffersresearch.com

Tesla Inc (NASDAQ:TSLA) stock is down 2.9% to trade at $308.02 this morning, after the electric car company once again pushed back its production goal for its new Model 3. Tesla now expects to produce 2,500 Model 3s per week by the end of this quarter -- half of what it earlier forecast -- and won't hit itstarget of 5,000 Model 3s until the second quarter. In addition, the car concern's fourth-qu...Read More

Dow Futures Take Aim at 25K

January 04, 2018 / www.schaeffersresearch.com

Futures on the Dow Jones Industrial Average (DJIA) are trading well above fair value before of a busy economic day on Wall Street. Already, traders were hit with better-than-expected ADP jobs data -- which showed private payrolls jumped by 250,000 in December, compared to a consensus estimate of 188,000. After notching a new record high yesterday alongside the S&P 500 Index (SPX) and Nasdaq Compos...Read More

JPMorgan, Goldman Sachs come top of banker pay league in Britain

January 04, 2018 / www.kitco.com

LONDON (Reuters) - JPMorgan (JPM.N) and Goldman Sachs (GS.N) paid their top bankers in Britain an average of $1.5 million each in 2016, compared with $1 million for local rivals HSBC (HSBA.L) and Barclays (BARC.L), data released by the banks last year shows.Data compiled by Reuters from 13 banks’ filings, some of which were released only late last month, shows they paid an average of $1.06 m...Read More

Oil hits highest since 2015 as Iran unrest spooks market

January 04, 2018 / www.kitco.com

LONDON (Reuters) - Oil rose to its highest since May 2015 on Thursday, supported by unrest in Iran that has raised concerns about supply risks, cold weather in the United States which is boosting demand and OPEC-led output cuts.Six days of anti-government protests in OPEC’s third-largest producer have added a geopolitical risk premium to oil prices, although Iran’s production and expor...Read More

Stocks break records, oil reach highest since 2015

January 04, 2018 / www.kitco.com

LONDON (Reuters) - Market bulls resumed their charge on Thursday, as strong data from the world’s biggest economies sent stock index records tumbling and oil prices to their highest since mid-2015.In an apparent acceleration of last year’s global equity boom, MSCI's world index .MIWD00000PUS and London's FTSE .FTSE both set records in Europe, and the Dow Jones .DJI was expected to...Read More

Blizzard roars into U.S. Northeast, snarling travel

January 04, 2018 / www.kitco.com

NEW YORK/BOSTON (Reuters) - The first major winter storm of 2018 bore down on the U.S. Northeast on Thursday, closing schools and government offices and disrupting travel as work crews scrambled to clear roads of snow before plummeting temperatures turn it to treacherous ice.After bringing rare snowfall to the southeast a day earlier, the storm carried rapid accumulation and high winds to New York...Read More

Sandstorm Sells Record Gold-Equivalent Ounces In 2017

January 04, 2018 / www.kitco.com

Sandstorm Gold(NYSE: SAND;TSX: SSL)sold some 54,600 gold-equivalent ounces in 2017, the highest yearly total incompany history. The ounces were generated from 20 streams and royalties, withapproximately 80% coming from operations run by major and mid-tier miningcompanies, Sandstorm says. In other news, the company also reports it hascompleted the sale of $15 million worth of Equinox convertible de...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok