Gold prices were up nearly 3% on Thursday to a four-year high after the Federal Reserve took a dovish stance on interest rates, signalling the possibility of future rate cuts and cutting the value of the U.S. dollar, while rising Mideast tensions sent investors to the safe-haven metal Gold for August delivery was last seen up US$36.60 to US$1,385.40 per […]
Technology stocks were weighing on the broader US markets, with the shares of tech companies in the S&P 500 sinking almost 0.9% this afternoon in value while the Philadelphia Semiconductor Index was falling nearly 2.8% after chipmaker Broadcom (AVGO) cut its FY19 revenue forecast below Street views. Among technology stocks moving on news: (-) Finisar (FNSR) was off nearly 2% […]
Broadcom (AVGO), a technology company, reported fiscal Q2 non-GAAP earnings that topped but revenue that missed Wall Street expectations, and it lowered its revenue outlook for the current fiscal year. Shares fell more than 7% in extended trading on Thursday. Non-GAAP EPS increased to $5.21 for the three months ended May 5, from $4.88 a year earlier. That surpassed the […]
Stocks ended higher Thursday, led by gains in energy shares after the US blamed attacks on oil two tankers in the Gulf of Oman on Iran. “It is the assessment of the United States government that the Islamic Republic of Iran is responsible for the attacks that occurred in the Gulf of Oman today,” US Secretary of State Mike Pompeo […]
Oil prices edged higher early on Tuesday after Russia said it may agree to extend a pact with OPEC to keep 1.2 million barrels of oil per day off the market. West Texas Intermediate crude for July delivery was last seen up US$0.65 to US$53.91 per barrel while near month Brent crude rose US$0.38 to US$62.67. OPEC and Russia are […]
GWG Holdings (GWGH) said Thursday that it appointed Gregg Johnson as the company’s COO. Johnson was promoted to the newly created role after spending more than a year as GWG’s Executive Vice President of Policy Operations. He joined the company over three years ago as Director of Financial Analysis.