When Advanced Micro Devices Inc. reports earnings, investors will look at the results for clues about how cryptocurrency mining is figuring into sales and the forecast for indications about the effects of chip-design flaws.Read full newsRead More
Suncor has announced it will proceed with the phased implementation of autonomous haulage systems (AHS) at company-operated mines, starting with the North Steepbank mine. Over the next six years, the company expects to deploy more than 150 autonomous haul trucks in the full program, which will be one of the largest investments in electric autonomous vehicles in the world.Following thorough evaluat...Read More
Home prices in 20 U.S. cities increased in November by the most in more than three years, underscoring a lingering scarcity of housing inventory, according to S&P CoreLogic Case-Shiller data released Tuesday.Highlights of Home Prices (November)20-city property values index increased 6.4% y/y (est. 6.3%), after climbing 6.3% y/yNational home-price gauge rose 6.2% y/ySeasonally adjusted 20-city...Read More
Stocks dropped sharply on Tuesday as the Dow Jones Industrial Average tumbled by 362 points. The Dow declined by 1.37% to 26,076. The S&P 500 was off 1.09% while the Nasdaq declined 0.86%. The Dow's losses were multiplied by sharp declines for stocks in the healthcare sector after Amazon Inc. (AMZN) , Berkshire Hathaway Inc. (BRK.A) and JPMorgan Chase & Co. (JPM) said the...Read More
Yield on U.S. 10-year note touches highest since April 2014Dollar fluctuates before Trump's State of Union addressVIX at Highest Level Since August as Stocks TumbleThe Dow Jones Industrial Average tumbled 362 points, helping to send U.S. stocks to the biggest two-day decline since May, while yields on benchmark government bonds touched April 2014 highs as caution crept into markets after one of th...Read More
U.S. equity futures plunged deeper into the red Tuesday, setting up investors for the biggest two-day decline since August as investors continued to retreat from record highs in global stocks amid concerns over valuations in the tech sector and a worrying rise in government bond yields. The Dow Jones Industrial Average is looking at its second consecutive triple-digit decline, according to futur...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
The stock market's been down these past couple of days, but the new year has basically been an extension of the run higher in U.S. equities.But what should you think about the recent correction in cryptocurrencies?Bitcoin, for example, is trading at around $10,000 this morning after peaking around $20,000 last month.This market moves awfully fast. But let's review what's been happening in the cryp...Read More
For the better part of the past two years, we've stuck to our bullish call on residential real estate.Our thesis was simple enough. The housing bust and ensuing financial crisis gutted the market and scared away buyers for years. When demand tanked, builders shifted their focus to multi-family units. Single-family home construction took a dive, supply tightened, and builders were slow to react onc...Read More
Gold is under pressure at the start of the week on a stronger dollar.Speculators lifted their net long positions in gold for a 6th straight week over Jan 16-23, the CFTC shows.ETF investors bought gold for a 2nd straight week, according to FastMarkets' estimates.I decided to change slightly my trading positioning due to the long-term nature of my positive gold view.I am now long IAU. Introduction...Read More
The latest news and price moves to start the Asian day on Wednesday January 31.Base metals prices on the London Metal Exchange closed in negative...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a horrid 44-148-99. The TSX Venture Exchange fell 20 points to 858 while polished diamond prices were flat. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one-half cent to fi...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange dropped 20.85 points to 858.33 Tuesday. Carmelo Marrelli and Daniel Crandall's halted NEX shell, Mukuba Resources Ltd. (MKU), plans to acquire a California company called FogChain Inc. The target aims to sell a...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterWest Texas Intermediate crude for March delivery lost 58 cents to $65.56 on the New York Merc, while Brent for March lost $1.06 to $69.46 (all figures in this para U.S.). Western Canadian Select traded at a discount of $27.70 to WTI ($...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a weak 75-111-105. The TSX Venture Exchange fell 11 points to 879 while polished diamond prices rose 0.1 per cent. Lukas Lundin and Dr. William Lamb's Lucara Diamond Corp. (LUC) gained...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $9.40 to $1,339.90 on Monday. The TSX Venture Exchange fell 11.62 points to 879.18 while the TSX Gold Index lost 6.01 points to 194.70. Canadian gold miners were awash in a sea of red today, with Agnico Eagle Mi...Read More
ASX: MODwww.modresources.com.au Mr. Julian Hanna reports:West Perth, WA / January 31, 2018 / JMN Wire / MOD Resources Ltd (ASX: MOD) is pleased to announce the pre-feasibility study (PFS) for a proposed open pit mine and copper concentrator at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana has delivered outstanding results.MOD has presented two cases for the PFS, with...Read More
ASX: ARVwww.artemisresources.com.au Mr. David Lenigas reports:West Perth, WA / January 31, 2018 / JMN Wire / Artemis Resources Limited (ASX: ARV) ("Artemis") is pleased to provide a further update to the JORC Code (2012) compliant resource estimates for its 100% owned Carlow Castle Project, which includes Quod Est, Carlow Castle South and Carlow Castle South-East (Cobalt/Gold/Copper) Prospects, lo...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellLundin Gold Inc.'s former law firm, Cassels Brock & Blackwell LLP, denies that it had anything to do with a legal snafu that left Lundin responsible for paying a royalty on a property that it no longer owned. Cassels Brock says that Lundin itself...Read More