Enforcer Gold Corp (TSXV:VEIN,FSE:N071) is pleased to announce the appointment of Antoine Fournier as Vice President of Exploration. President & CEO, Steve Roebuck, comments: 'We are very pleased to welcome Antoine Fournier to the Enforcer team. Antoine is a highly skilled geologist and mining executive with a diverse background in exploration in northern Ontario and Quebec. He is pa...Read More
H&T Group (LON:HAT) boss John Nichols tells Proactive how profit expectations have risen again after a surge in the personal loansmarket meant the book has shot up by 94.7% to ?18.3M from ?9.4M at the end of 2017. John tells us how the company's new unsecured loan products are flying off the shelves adding that recruitment has been key to the strength of their high street presence. News here...Read More
(Updates market action after Fed speeches)* Treasury to sell $56 bln supply this week* Stronger German debt helps U.S. bonds firm* Fed's Bostic indicates doubt about three rate hikes this year By Kate DuguidNEW YORK, Jan 8 - U.S. bond yields were little changed on Monday after a boost from stronger German government debt and a Federal Reserve official's remarks that the U.S. central bank may only...Read More
Blake BrittainWASHINGTON (Reuters) - Weather and climate-related disasters cost the United States a record $306 billion in 2017, the third-warmest year on record, the U.S. National Oceanic and Atmospheric Administration said on Monday.The federal agency’s report underscores the economic risks of such disasters even as President Donald Trump’s administration casts doubts on their causes...Read More
Howard SchneiderATLANTA (Reuters) - The Federal Reserve may only need to raise interest rates two times in 2018 given weak price pressures and possible loss of public confidence in the central bank’s ability to hit a 2 percent inflation target, Atlanta Fed President Raphael Bostic said on Monday.Bostic, a voter on interest rate policy this year, also added his voice to a group of Fed officia...Read More
Universal Display Corporation (NASDAQ:OLED) had a huge year in 2017 and that momentum is carrying over to the new year, with the shares adding 8.7% today to trade at $194.90, earlier tapping a record high of $196.90. This move comes after Susquehanna earlier lifted its price target to $215 from $195. OLED stock could also be feeling tailwinds fromCES, where a number of new products have featured O...Read More
Gold shines at the start of 2018 (+1.5% YTD).Speculators bought a lot of gold over December 26, 2017-January 2, 2018, the CFTC shows.ETF investors remained quiet over December 29, 2017-January 5, 2018, according to FastMarkets' estimates.The US jobs report for December disappointed slightly though gold was under downward pressure. Some charts.I remain long GLD for 2018. Introduction Welcome to...Read More
Cirrus Logic, Inc. (NASDAQ:CRUS) stock was downgraded this morning by KeyBanc to "sector weight" from "overweight." The firm cited Apple (AAPL) as the reason for the downgrade, due to fears that the iPhone X sales may be "worse than expected." The news has CRUS stock down 0.5% today at $53.60. CRUS shares have lost 16% during the past six months, and fell to an annual low of $48.61 on Dec 6. A mi...Read More
NASHVILLE, Jan 8 (Reuters) - U.S. President Donald Trump is close to making a decision on who to nominate as vice chair of the Federal Reserve, an administration official said on Monday.The position became vacant in October after veteran central banker Stanley Fischer stepped down for personal reasons. (Reporting by Jeff Mason, writing by Roberta Rampton; editing by Diane Craft) Disclaimer: The v...Read More
Falco Resources Ltd. (TSXV:FPC) ('Falco' or the 'Company') is pleased to announce the appointment of Mr. Ronald Bougie to the position of Vice President Engineering and Construction and Mr. Guy Belleau to Mine General Manager for the Horne 5 Project. Mr. Bougie has over 25 years of construction and project development experience gained throughout the construction of several suc...Read More
* Euro down as investors take profits* Bitcoin slips as website drops S.Korea prices (Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 8 (Reuters) - The dollar rose to a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the common currency's recent rally.The dollar index , which m...Read More
It's another record-setting day on Wall Street, with the Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) fresh off all-time peaks. While the major market indexes are trading in a tight range, however, several individual stocks are making big moves, including electric car maker Tesla Inc (NASDAQ:TSLA), Snapchat parent Snap Inc (NYSE:SNAP), and gene-editing name Intellia Therapeutics Inc (NASD...Read More
(Adds discussion of yield curve; further rate comments)By Howard SchneiderATLANTA, Jan 8 (Reuters) - The Federal Reserve may only need to raise interest rates two times in 2018 given weak price pressures and possible loss of public confidence in the central bank's ability to hit a 2 percent inflation target, Atlanta Fed President Raphael Bostic said on Monday.Bostic, a voter on interest rate poli...Read More
(In paragraph six corrects to say higher salt levels of river caused water problems in Flint)By Timothy GardnerWASHINGTON, Jan 8 (Reuters) - U.S. rivers and streams have become saltier and more alkaline over the last 50 years, posing risks to drinking water by damaging pipelines and other infrastructure, according to a study released on Monday.As municipal workers dump salt on roads to combat ice...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)Read full newsRead More
GoPro Inc (NASDAQ:GPRO) stock fell to a record low of $5.04 today, after the firm cutits fourth-quarter sales forecast, announced plans to cut its workforce, and said it will exit the drone business. In addition, the firm slashed the price of its Hero6 cameras, and announced the departure of two high-level executives. However, GPRO stock is off its session lows, at last check, amid reports the fir...Read More
OPEC is monitoring unrest in Iran as well as Venezuela's economic crisis, but the group will only boost output if there are significant and sustained production disruptions from those countries, a senior OPEC source from a major Middle Eastern oil producer said.Read full newsRead More
Not many people had expected the U.S. to turn to Europe for natural gas this winter.Read full newsRead More
WASHINGTON, Jan 8 (Reuters) - The U.S. Federal Reserve could better fight a recession by committing to keep interest rates lower for longer to keep average inflation on a steady upward path over the years, San Francisco Fed President John Williams said on Monday.Williams in the past has spoken favorably of this approach to monetary policy, known as price-level targeting. "It basically promise...Read More
CARACAS, Jan 8 (Reuters) - Prices in Venezuela, which is believed to have the world's highest inflation, jumped 2,616 percent last year, the country's opposition-led National Assembly said, as millions suffer from food and medicine shortages during a severe economic crisis.Opposition politicians, whose numbers are broadly in line with analysts' estimates, on Monday put December's inflation figure...Read More