Friday, 18 January 2019
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Stock markets lower, gold price continues to rise amid political tensions

While the Nasdaq climbed 39.68 points or 0.6% to 6,256.56, the Dow inched up 14.31 points or 0.1% to 21,858.32 and the S&P 500 edged up 3.11 points or 0.1% to 2,441.32. A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalisation drop from a record high US$61.36 trillion on Monday to US$60.43 trillion at the close on Thursday. Read More »

Supermarkets take egg products off shelves


The UK's Food Standards Agency said the number of contaminated eggs estimated to have reached the UK was far higher than the 21,000 first supposed, and that egg salads from Sainsbury's , Morrisons and Asda , and sandwiches from Waitrose and Morrisons had been withdrawn. Read More »

Seadrill Limited (SDRL) Upgraded to Hold by BidaskClub

The company has market cap of $391.11 million. Its book value per share for the most recent quarter is $18.99 while its price to book ratio for the same period is 0.02, as for as the company's cash per share for the most recent quarter is $3.03, however its price to cash per share ratio for the same period is 0.11. Read More »

Guardiola: I'm Not Under Pressure, City Won't Spend Big Again

Arsenal , Manchester United , Manchester City , Chelsea , Liverpool , Tottenham and Everton are all in contention. How much money does Manchester City have (£200 million on six new players)? Guardiola had a troubled debut campaign at Eastlands as the Spaniard failing to win a trophy for the first time in his storied managerial career. Read More »

Gold prices surge in Dubai, will it rise further?


The Australian dollar, which rose to a 19-month high near 90.00 yen late in July, was down 0.6 percent at 86.77 yen after slipping to a one-month low of 86.23 yen. On the currency front, the U.S. dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday. Meanwhile, gold stocks bucked the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.3%. Read More »

Tensions over North Korea weigh on stocks but boost gold

Even as stocks headed into their third day of losses, market observers were, if not sanguine, at least unalarmed by the threats lobbed by President Donald Trump and North Korean officials. Excluding food and energy prices, core consumer prices still crept up by 0.1 percent in July, matching the increases seen in the three previous months. Read More »

Futures lower as North Korea tensions linger


North Korea has since threatened to launch missiles at the US territory of Guam, and the country previously threatened "all-out war, wiping out all the strongholds of enemies, including the USA mainland". Significant strength is also visible among computer hardware stocks, as reflected by the 1.1% advance by the NYSE Arca Computer Hardware Index. Traders work on the floor of the New York Stock Exchange in New York City, NY, May 18, 2017. Read More »

Stocks slide on continued concern over tension between United States and North Korea

Canada's main stock index hit its lowest close in a month on Thursday as oil prices fell and investors sought refuge in safe-haven assets amid rising tensions between the United States and North Korea . Emerging market stocks rose 0.29 percent. The stock has more than doubled over the past 12 months, gaining more than 160%. Crude briefly pared losses in late trading after USA inventories fell more than expected last week. Read More »

North Korea Threat: US, Japanese troops prepare for war


This comes after North Korea threatened to attack Guam earlier this week, following President Trump's " fire and fury " warning. North Korea warned that they are finalizing a plan to fire four Hwasong-12 missiles over Japan and into waters around Guam . Read More »

Markets slide, dollar slumps as North Korea fears spike


The Korean won continued to fall versus the dollar, down 0.13 per cent to 1,143.5 on Friday for a 1.6 per cent decline on the week. Shire fell 1.1%, as the pharmaceutical firm shares were hit by a downgrade to Equal Weight from Overweight by Barclays. Read More »

Gold Prices Jump as Political Instability Moves Dollar Lower

What's your investment strategy amid U.S. Safe-haven assets gained following the rising geopolitical tensions. The Nasdaq lost 135 points, or 2.1 percent, to 6,216. Copper fell 2 cents to $2.93 a pound. Australian financial services provider AMP reported half-yearly underlying profit increased 4 percent to A$533 million ($420 million) - higher than the A$514.5 million forecast in a Reuters poll. Read More »

FTSE ends down as shares hit by US-North Korea tensions


On Friday , the S&P 500 rose 3.11 points, or 0.1 percent, to 2,441.32. The Dow is up 48.61 points or 0.2% at 21,892.62, the Nasdaq is up 35.83 points or 0.6% at 6,252.71 and the S&P 500 is up 7.77 points or 0.3% at 2,445.98. Markets have a lot of ground to make up after an increasingly heated war of words between President Donald Trump and North Korea's leadership sent the markets into a tailspin. Read More »

North Korea talk drags stocks lower; gold, yen rise


The S&P 500 Index ( SPX - 2,441.32) gained back 3.1 points, or 0.1%. The Dow is down 48.57 points or 0.2% at 22,036.77, the Nasdaq is down 20.93 points or 0.3% at 6,349.53 and the S&P 500 is down 3.18 points or 0.1% at 2,471.74. On the other hand, gold stocks have shown a strong move to the upside on the day, driving the NYSE Arca Gold Bugs Index up by 1.5%. FASHIONABLE RESULTS: Investors cheered Ralph Lauren's latest quarterly results, sending the designer clothing company's shares up ... Read More »

Wall St opens higher after tepid inflation data

The CBOE Volatility Index , known as Wall Street's "fear gauge", rose to its highest level of the year. "As a portfolio manager, you say, 'Do I think we'll get a war out of this?' " said Torsten Slok, chief worldwide economist at Deutsche Bank , referring to the bluster between North Korea and President Donald Trump. Read More »

FTSE Slips on North Korea Fears


On Friday basic resource stocks dropped 2.6 percent to a month low as metal prices fell. MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.77 percent, on track for its third straight day of declines as it pulled further back from all-time highs. Read More »

2 large lottery jackpots up for grabs this weekend


Iowa Lottery officials say someone who bought a Powerball ticket in Avoca has won a $1 million prize. The jackpot can be divided among multiple winners. Tickets for both games are sold until 9:59 p.m. on drawing nights. It was the largest lottery jackpot ever won in New Hampshire and the eighth-largest of any jackpot in US history. Read More »

Wall Street Stages Recovery, but North Korea Keeps Rally From Takeoff

The Dow Jones industrial average slid 0.9 percent to 21,844.01. Nasdaq 100 e-minis were down 17 points, or 0.29 percent, on volume of 36,232 contracts. Wall Street was expecting more inflation. Health care equipment and services company Henry Schein declined amid a broader slide by health care stocks. Read More »

US stocks slip amid heightened US-North Korea tensions


The increased geopolitical tensions this week, centred on the Korean peninsula and the nearby United States territory of Guam, have caused stock markets around the world to fall back as investors turn cautious. Baele said. On Friday, the consumer price index for July rose.1%, lower than expected. Dudley also cautioned that "it's going to take some time" for inflation to rise to the central bank's 2 percent target even as he offered a generally positive outlook for the US economy, job ... Read More »

S&P closes barely lower despite North Korea tensions

It was at its highest level in more than seven months. Secretary of State Rex Tillerson later insisted the USA isn't signalling it's about to mete out a military response despite threats from North Korea suggesting it could attack Guam, a US island territory in the Pacific. Read More »

US Consumer Prices Inch Up 0.1% In July


Policymakers at the Federal Reserve have repeatedly said that price pressures would increase as slack in the labour market is removed. That's down from over 50% last month. John Williams, president of the San Francisco Fed, played down the significance of recent soft inflation data, ascribing it to unusual forces. Fed Chairwoman Janet Yellen only has two more press conferences scheduled, one in September and the next in December. Read More »

Gold steady near 2-mth highs as N. Korea tensions continue


In New York , the Dow Jones industrial average plunged 204.69 points to 21,844.01. The Toronto Stock Exchange's S&P/TSX composite index closed down 143.08 points, or 0.94 percent, at 15,074.25, its lowest close since July 7. Its shares tumbled $13.09 to $60.25. Declining issues outnumbered advancing ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.47-to-1 ratio favoured decliners. Read More »

Tesla to start making Solar Roof at Gigafactory by year end


Total orders for the group's first mass-market electric vehicle have fallen to 455,000 from 518,000. Tesla updated the options of the vehicles to add more premium features as standards . Despite the company experiencing a widening loss as it continued to invest in factories to accommodate the Model 3 , investors found plenty to like in its prospects. Read More »

JCPenney reports a wider loss than expected, stock gets smoked


It closed at $48.53 lastly. Finally, Jefferies Group LLC restated a "hold" rating and issued a $7.00 price objective on shares of J.C. Penney Company, Inc. In a note, Neil Saunders, managing director of GlobalData, said that while Penney's second quarter performance was underwhelming, the company is moving in the right direction. Read More »