Latest Market News
The United States equities markets and the crypto markets are likely to remain volatile in the near term because traders remain nervous about the size of the next Federal Reserve rate hike on Sept. 20 and 21. While the majority favors a 75 basis point rate hike, according to the CME FedWatch Tool, some analysts […]
A Food and Drug Administration advisory committee is set to meet this week to discuss three cancer therapies. The Oncologic Drugs Advisory Committee is set to meet Wednesday to vote whether the benefits of Spectrum Pharmaceuticals Inc.’s SPPI, -1.85% treatment of patients with certain types of non-small cell lung cancer outweigh the risks. The same […]
Oil futures on Monday gave up early losses to finish higher, with tight supplies returning to the spotlight, providing support for prices. The market is “waking up to realize” that distillate supplies are so tight that there’s little room for any disruptions, ahead of the winter heating season, said Phil Flynn, senior market analyst at […]
Shares of Coeur Mining Inc. CDE, +17.02% shot up 11.6% in afternoon trading Monday, after the gold and silver miner announced a deak to sell its Crown and Sterling holdings for up to $200 million. Under terms of the deal, Coeur Mining will receive closing cash of $150 million and deferred cash of $50 million, […]
Gold futures fell on Monday, giving back most of the climb in prices they saw on Friday, as investors await a Federal Reserve decision this week on interest rates. The central bank is widely expected to announce a rate hike of three-quarters of a point on Wednesday. December gold GCZ22, -0.07% fell $5.30, or 0.3%, […]
Shares of Kinross Gold Corp. KGC, +9.73% shot up 7.9% in heavy volume in afternoon trading Monday, after the gold miner announced a new “enhanced” stock repurchase program, following “constructive discussions” with investor Elliott Investment Management LP. Trading volume ballooned to 29.1 million shares, making the stock the most actively traded on the NYSE. As […]