(Bloomberg) — European and Canadian regulators are still wrangling with Boeing Co. over the last remaining technical details of its 737 Max revamp, leaving some customers to worry that certification in critical markets outside the U.S. could slip to next year.In a rare bit of good news for Boeing and its beleaguered jet line, the […]
First Majestic Silver (AG) has now executed a definitive option agreement granting Silver Dollar Resources a potential 100% interest in First Majestic’s La Joya silver-copper-gold property.Located in the south-eastern portion of the State of Durango in the Mexican Silver Belt, La Joya consists of 15 mineral concessions totalling 4,646 hectares and hosts the Main Mineralized Trend (MMT), Santo Nino and Coloradito deposits.Silver […]
Shares in Novavax (NVAX) rose 5% in Monday’s trading after the late-stage biotech announced positive second quarter earning results. However the stock subsequently pulled back 2.4% in after-hours trading.The vaccine maker also stated that it secured $2 billion in funding for development and commercialization of NVX-CoV2373, a vaccine candidate engineered from the genetic sequence of […]
Spot gold was down 0.5% to $2,017.53 per ounce by 0447 GMT, retreating from a record high of $2,072.50 hit last week. U.S. gold futures fell 0.6% to $2,026.90. The dollar held on to overnight gains as investors clung to hopes of a stimulus deal in Washington and U.S. bond yields rebounded from multi-month lows.
(Bloomberg) — In a market where billions slosh around in search of the next big thing, Tony Zhang’s decade of wagering on Chinese startups has made him cautious.That’s how he approached his first meeting with Neo Wang, the 30-year-old who channeled his personal struggle with weight into Chinese fitness and workout sensation Keep. With 40 […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
(Bloomberg) — Barrick Gold Corp. is returning some of the windfall it’s getting from gold’s record rally to its shareholders.The world’s second-largest gold miner increased its quarterly cash dividend 14% to 8 cents per share, the company said in its second-quarter earnings statement Monday. That’s up from the previous dividend of 7 cents per share.“The […]
Spot gold was down 0.3% at $2,029.19 per ounce by 0701 GMT. U.S. gold futures rose 0.6% to $2,039.60. Gold hit a record high of $2,072.50 on Friday before retreating nearly 2% as the dollar bounced on data showing U.S. nonfarm payrolls increased by 1.763 million jobs in July.
The Past Week, In A Nutshell What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery.Remember This: "Earnings season has been very impressive so far, now you can couple that with the employment backdrop quickly improving as well. Not a bad combo for investors," said Ryan Detrick, chief investment strategist […]
New all-time highs keep piling up … three ways to play the move … what our analysts have been recommendingAs I write Friday morning, gold is giving back a bit of its recent gains.One possible explanation is the July jobs report, showing 1.8 million new jobs created, which beat the consensus estimate of 1.48 million.InvestorPlace […]
Gold traders experienced the biggest daily drop of the yellow metal in two months on Friday, falling 2% as the U.S dollar regained an upward move on a better-than-expected recovery in U.S. jobs report released recently.
Twitter Inc. has reportedly held preliminary talks to buy the US operations of the video-sharing app TikTok, which the Trump administration has declared a national-security threat due to its Chinese ownership.It is unclear whether Twitter (TWTR) will pursue a deal with TikTok’s Beijing-based owner ByteDance Ltd., which would face significant challenges, the Wall Street Journal […]
Many investors are arguing that the market is getting frothy. But remember, the market represents more than just a handful of stocks. With that in mind, I began looking at price charts and fundamentals of companies. I found three overbought stocks that look well-positioned for more to come.Led by the Nasdaq Composite, the month of […]
* This weekend's Barron's cover story discusses how to prepare a portfolio for the upcoming elections. * Other featured articles look at stand-out dividend growth stocks, how to play dual-share stocks and who wins and loses from the shift in moviegoing. * Also, the prospects for Warren Buffet's empire, a cosmetics giant, a pawn shop […]
Gold prices have been on a tear in 2020, but Iamgold Corp (NYSE: IAG) shares lost 5.75% Friday after the company received a Wall Street double downgrade in the middle of a bull market for gold. The Iamgold Analyst: Bank of America analyst Michael Jalonen downgraded Iamgold from Buy to Underperform and cut the price […]
Slipping back below $2000 would endorse a multi-week, potentially severe correction in precious metals.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to…
(Bloomberg) — Months of lockdown have altered the habits of Indian consumers: Their spending patterns reveal just how deeply concerned they are with protecting their health and fortifying their store-cupboards, warding off boredom and keeping their homes (and themselves) neat and tidy. And where new routines look likely to stick, some companies stand to gain […]
Wall Street pros have been taking a careful look of the stock markets in light of the recent gains. The S&P 500 was up 5.5% by the end of July, and the gains have continued into August. CFRA strategist Sam Stovall sees conditions as overbought, and believes that investors are in for a shock between […]
Silver markets have rallied significantly during the trading session again on Thursday, as the US dollar continues to suffer.