German bank Berenberg has slashed its target price for roadside recovery outfit AA plc (LON:AA) from 100p to 65p.The rating was already 'sell' so there is no change there and the bank offers little prospect of change in the near-term, either, in a research note headed "a long road to recovery"."When the AA went public in 2014, its investment case focused on reversing declines in paid personal memb...Read More
Steelmaking raw materials made strong gains on Monday as Chinese mills, responsible for half the world's steel output, on the back of speculations that the certain provinces may extend steel supply curbs beyond the winter.The Northern China import price of 62% Fe content ore gained just under 1% to the highest since April trading at $79.95 per dry metric tonne according to data supplied by The Ste...Read More
Mobile payment device concern Square Inc (NYSE:SQ) is set to report fourth-quarter earnings after the close on tomorrow. SQ stock has had a stellar year on the charts, picking up over 160%. At last check, shares of the payment concern were trading up 4% at $46.48 -- a mere stone's throw from a fresh record high. What's more, Square stock has ended higher the day after earnings in five of the past...Read More
U.S. stocks have steadily climbed today, as the Dow heads for another huge gain. Among the equities making noise, biotech MiMedx Group Inc (NASDAQ:MDXG) and laser maker Iridex Corporation (NASDAQ:IRIX) stocks are sinking, while airline name JetBlue Airways Corporation (NASDAQ:JBLU) is higher. Here's a closer look at what shares of MDXG, IRIX, and JBLU are reacting to today.Federal Probe Guts MiM...Read More
Russ Buckland from Lincoln Strategic Inc.Lincoln Strategic Inc. announced today the addition of Russ Buckland, Erik Buckland and Joel Donato to further develop LSI's suite of executive search, technical recruitment and management consulting services.Russ Buckland founded Bedford Resources where, over the past 30 years, he successfully executed over 2,000 leadership and C-suite search projects in t...Read More
Steel stocks have been enjoying tailwinds as the Trump administration mulls placing tariffs on imported steel, with Bloomberg reporting the president is considering the stiffest tax possible. This has meant big gains for Steel Dynamics, Inc. (NASDAQ:STLD) and United States Steel Corporation (NYSE:X), and the price action has not been missed on options traders, as volume has stayed very hot in re...Read More
By Jonathan StempelFeb 26 (Reuters) - Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering.The preliminary settlement filed on Monday with the U.S. District Court in Manhattan requires a judge's approval.It amounts to a s...Read More
February has been an unusually volatile month for U.S. stocks, with the major market indexes experiencing both their best and worst weeks in over a year. While the stock market has recouped much of the correction from earlier this month, the indexes are still set to snap a jaw-dropping 10-month winning streak. Looking ahead to March, we decided to dig up some historical stock and sector winners th...Read More
It's been a volatile four weeks for the U.S. stock market. In recent sessions, the S&P 500 Index (SPX) has pared a portion of its February losses, but is comfortably on track to snap its 10-month losing streak. And though the S&P has averaged a March return of 0.6% since its inception, according to data from Schaeffer's Quantitative Analyst Chris Prybal, it's not time to press the buy button on ju...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,495,000. Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES ANNOUNCES CLOSING OF $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has closed its previously announced brokered private placement for gross proceeds of $21,495,000. Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and...Read More
Feb 27 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,042.20 42.40 NZX 50**8,340.53 38.81DJIA25,652.37342.38NIKKEI**22,153.63260.85Nasdaq7,401.18263.792FTSE**7,289.58 45.17S&P 500 2,772.32 25.02 Hang Seng** 31,498.6 231.43SPI 200 Fut 6,043.00 28.00 STI** 3,555.85 22.63SSEC**3,330.25 41.23 KOSPI** 2,457.65 6.13----------------------------------------------------------...Read More
* Dollar slides 0.1 pct against a currency basket* Focus on Fed chief Powell's congressional appearance* GRAPHIC-2018 asset returns: (Recasts throughout, updates price; adds comment, NEW YORK to dateline)By Renita D. Young and Jan HarveyNEW YORK/LONDON, Feb 26 (Reuters) - Gold prices rose on Monday as a softer U.S. dollar helped the metal rebound from its biggest weekly loss this year, but moves w...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
Car rental concern Hertz Global Holdings, Inc (NYSE:HTZ) is slated to report earnings after the close tomorrow, and auto parts supplier AutoZone, Inc. (NYSE:AZO) will report before the open. Below, we'll take a look at HTZ and AZO's earnings history, and how the stocks have been faring.Hertz Stock Sees Heavy Call BuyingAt last check, Hertz stock was down 1.8% to trade at $20.29. The shares dipp...Read More
(Adds detail)MADRID/BRUSSELS, Feb 26 (Reuters) - The European Central Bank is following the right policies to raise inflation and prices should continue rising back towards target in the coming quarter, Spanish Economy minister Luis de Guindos, the bank's next vice president, said on Monday.Largely echoing the ECB's standard policy line, de Guindos said he was increasingly confident that inflatio...Read More
* Focus on Fed chief's testimony, inflation data this week* U.S. bond yields, VIX ease further from peaks* Berkshire Hathaway gains on Buffett's buyback comments* Indexes up: Dow 1.09 pct, S&P 0.71 pct, Nasdaq 0.7 pct (Updates to early afternoon)By Sruthi ShankarFeb 26 (Reuters) - U.S. stocks rose sharply on Monday, led by gains across sectors as investors bet that Federal Reserve Chairman Jer...Read More
MOSCOW, Feb 26 (Reuters) - Two of Russia's richest men could trigger a complicated auction known as a "shootout", in a bid to end their long-running battle for control of mining giant Norilsk Nickel (Nornickel).After a five-year peace deal ended in December, the power struggle between two major Nornickel shareholders, Vladimir Potanin and Oleg Deripaska's aluminium giant Rusal , resurfaced earlier...Read More
Since its recent high of $1,370 an ounce at the end of January, the price of gold has shaved off about $40 as Treasury yields continue to head north. The yield on the benchmark 10-year T-note is looking to cross above 3 percent, which would be the first time since early January 2014. This is a short-term headwind for the yellow metal that could reverse if inflation continues to rise more than expe...Read More