Account
Economic indicators show that the recovery in the US economy is well underway. According to the Commerce Department consumer spending increased 0.7% in February which is the biggest gain in five months.Despite the Conference board's weaker consumer confidence numbers, the housing sector seems to be in the midst of a solid recovery as both single-family home-starts and builder permits were significantly up in February (year-over-year).The labor market conditions have been also showing signs of improvement as companies seem to have started hiring. The recent Cypriot crisis did not seem to be a major risk to the US economy.Although we believe the GDP growth in 2013 will be dampened by the cutbacks in federal spending, there seems to be a strong momentum both in investment and private consumption thanks to stronger job numbers and a slight increase in wages.These positive economic developments are accompanied by a fall in inflation expectations and rising company earnings. However, despite...
Canadian equities experienced small gains and losses Monday, with the S&P/TSX benchmark index inching 7 points higher, or 0.6%, at 11,774. A 0.6% gain in information...
Here are nine stocks that fell to 52-week lows:The share price of Vale (NYSE:VALE) slid today, reaching and then falling even farther past its previous 52-week low o...
During trading today, the Basic Materials sector (XLB) showed little change while the S&P 500 fell 0.4%.Innospec (NASDAQ:IOSP) rose 7.4% to close at $31.20, cross it...
In precious metals, it has been a trying time for miner investors. Despite gains in bullion prices, gold and silver miners have lagged behind. Since January 2011, th...
Nine stocks hit to 52-week lows:While trading on above-average volume, Citigroup (NYSE:C) decreased today, hitting and then dropping past its previous 52-week low to...
The value of merger and acquisition activity in the global mining sector surged by around 50% last year to top $100 billion, helped by a recovery in transaction valu...
Shares of Eldorado Gold (NYSE:EGO) were trading down nearly 12% on Monday after the company announced plans to buy European Goldfields in a cash-and-stock deal value...
FBN's Sandra Smith breaks down late-morning market news.
European Goldfields Ltd., the miner with gold and other metals interests in Europe, agreed to be acquired by Eldorado Gold Corp. for about C$2.5 billion (US$2.41 bil...
SAN FRANCISCO - Canadian stocks edged higher Tuesday after the Bank of Canada maintained its overnight rate at 1% as had been widely expected. "The global economic r...
* Sees speculaters driving Andean shares over offer price (Adds details)By James ReganSYDNEY, Sept 7 (Reuters) - Goldcorp's C$3.6 billion ($3.5billion) takeover offe...
* Rivals may top Goldcorp's C$3.6 bln agreed offer -analysts* Andean reserves could rise 50-70 pct-analysts (Adds closing share price in Sydney)SYDNEY, Sept 6 (Reute...
Stocks continued their climb into record-high territory on Tuesday as investors reacted favorably to a better than expected factory orders report.Although official f...
Greece's government is vowing to speed up approval for a gold mine in the country's north in a bid to calm Canadian miner Eldorado Gold Corp.'s (EGO) concerns about ...
Masked intruders have attacked offices and machinery at a controversial gold mine project in northern Greece, marking the latest opposition by residents."A group of ...
The price of gold suffered a decline in the fourth quarter of 2012 from $1,800 to $1,650 an ounce. However, several well-known hedge funds are still maintaining expo...
All three major U.S. equity indices are currently on a losing streak, but the price of gold has been relatively strong. The precious metal recently logged one of its...
Qatar's sovereign wealth fund is "seriously looking" at a potential investment in the commodities trading unit of Morgan Stanley (MS), the country's Prime Minister s...
On Thursday, gold ( NYSEARCA:GLD ) futures for December delivery increased $16.70 to settle at $1,796.50 per ounce, while silver ( NYSEARCA:SLV ) jumped 41 cents to ...
