Commodities plunged across the board last week. As a broad asset class, it hasn't dropped like that for quite some time.
World's first space tourism agency Space Adventures plans to offer the first trip around the moon as early as 2015, the company announced on Thursday.
Before this past week, the COT report and the high correlation among unrelated commodities already point to the financialization of commodities as a financial asset class.
Today’s release of April’s jobs data was a real game changer for investor psychology.
Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.
An unexpectedly strong report on U.S. payrolls propelled stocks higher on Friday one day after a sell-off, but investors were wary that the market's months-long rally may be near a peak.
The White House and Republicans agreed on Friday that jobs growth is not coming quickly enough despite the latest report showing that private sector jobs growth has continued to growth for the last 14 months.
The latest jobs report released Friday was welcome news but nowhere close to where it should be thanks to tax uncertainty and spending plans being put forward by Democrats in the White House and the Senate, House Speaker John Boehner said.
The top pre-market NASDAQ Stock Market gainers are: Sky-mobi, Limelight Networks, Rubicon Technology, Power-One, and Avanir Pharmaceuticals. The top pre-market NASDAQ Stock Market losers are: Obagi Medical Products, USA Technologies, Titan Machinery, priceline.com, and Vodafone Group.
A sharp overnight selloff in commodities petered out on Friday, led by a small pullback in silver, while Asian equities clawed back up from the day's lows as market players squared positions before U.S. payrolls data.
Oil prices rose by 1.3 percent on Friday as a weakened dollar sparked a rebound, but economic data expected during the US market hours could force the commodity south.
The silver price in US dollars experienced a very sharp fall back of over 30 percent within 4 days. The main trigger were extremely rare and aggressive margin hikes for COMEX futures, which helped to eliminate a large chunk of speculative positions on the metal.
Commodity prices fell once again, and Silver Bullion sank for the fourth day in succession, losing 22.5% against the Dollar since Thursday last week - the sharpest plunge since April 1987.
The top pre-market NASDAQ Stock Market gainers are: Kendle International, ZST Digital Networks, Hansen Medical, JDS Uniphase, Cbeyond, and ON Semiconductor. The top pre-market NASDAQ Stock Market losers are: Smith Micro Software, Sierra Wireless, Atmel, Aixtron, Mercadolibre, and ARM Holdings.
Jefferies & Co. initiated coverage of AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) with a buy rating and a price target of $27, implying 41 percent upside.
The top after-market NASDAQ Stock Market losers are: Smith Micro Software, FARO Technologies, DragonWave, Atmel, Kulicke & Soffa Industries, ISTA Pharmaceuticals, EarthLink, Windstream, News Corp., and Sierra Wireless.
The top after-market NYSE losers on Wednesday are: Ion Geophysical, Nu Skin Enterprises, McClatchy, Clean Harbors, Solarwinds, F.N.B. Corp, Dole Food Co, Murphy Oil Corp, China Green Agriculture and Calgon Carbon Corp.
The top after-market NASDAQ Stock Market gainers are: QuinStreet, JDS Uniphase, NuVasive, S1 Corp., Whole Foods Market, Hansen Medical, Finisar, Spreadtrum Communications, Team, and Cepheid.
Private equity firm KKR posted higher-than-expected quarterly earnings as the value of its private equity investments rose 6.5 percent and fee income increased, the company said on Wednesday.
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
Tens of billions of dollars of Chinese investment could flood into the United States in the next decade, creating a multitude of American jobs if officials do not succumb to a political backlash and throw up barriers, according to a report released on Wednesday.
Record high gold prices have fuelled investment in gold mining and exploration around the world. This is particularly true in the case of the Yukon region which is home to some of the largest gold miners.
