Comex gold has been slumping since Donald Trump was elected president on Nov. 9. Today, the weekly chart for gold is negative but oversold, but still has a solid gain since the end of 2015 and since bottoming on Dec. 3. Investments in gold equities have been more volatile , but have outperformed the precious metal since setting multiyear intraday lows between August 2015 and January 2016. The VanEck Vectors Gold Miners ETF , Barrick Gold , Yamana Gold , Goldcorp and Newmont Mining may be deep in bear market territory from their 2016 highs, but they are also in bull market territory since their lows and have outperformed since the end of 2015.
Top Takeaways From CES 2017: Nvidia Struts Its Stuff While Intel and Samsung Look for Growth
Intel gave a first-hand look at VR’s potential and Samsung added to its smart home bet, but Nvidia stole the show by announcing impressive new partnerships and initiatives. In their own ways, Intel and Samsung’s big news events on CES 2017’s press day carried with them important subtexts about where growth in their largest businesses has flattened, and how the companies are looking to respond.
Why Amazon Selling Gym Clothes Won’t Put Lululemon and Under Armour Out of Business
Analysts explain why a workout clothing line from Amazon.com wouldn’t have a big impact on retail giants like Nike , Under Armour and Lululemon . Sports retailers such as Nike , Under Armour and Lululemon Athletica shouldn’t be too concerned about Amazon.com starting its own line of athletic clothing, according to analysts.
How to Combat Racial and Other Biases in Hiring When Our Photos Are All Over the Internet
Social media has made sure our headshots are strewn everywhere online. Can recruiters and hiring managers combat the inherent prejudices that may emerge? The proliferation of social media has increased the use of conducting online research of job candidates by recruiters and hiring managers before they arrive for an interview, raising the odds that biases and lack of objectivity will emerge from photos and personal details.
David Katz
David Katz is the president and chief investment officer of Matrix Asset Advisors, which he co-founded in 1986. Prior to co-founding Matrix, he worked at Management Asset Corp. in the research and portfolio management areas.
Rpt: Ex-Employee Sues Snapchat, Alleges it Misled Investors
A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document. In the lawsuit filed on Wednesday in a California court by Anthony Pompliano, who earlier worked with Facebook Inc, also alleged he was fired for being a whistleblower, the magazine reported.
Nike, Under Armour Invade NYC
The world’s largest sports apparel brands are in the midst of an arms race in New York City. Nike , Adidas and Under Armour have each opened, or committed to opening, massive flagship stores in Manhattan in recent months, as the industry shifts from traditional third-party retail to direct sales.
US equity firm makes strongest bid to buy Portuguese bank
Portugal’s central bank says an offer from U.S. private equity firm Lone Star is the most promising bid to buy Novo Banco , the so-called good bank salvaged by the Portuguese government from the collapse of major lender Banco Espirito Santo. The Bank of Portugal says it has invited the fund, based in Dallas, Texas, to “deepen negotiations” over the possible purchase, though it said rival bidders have expressed a willingness to improve their offers and would not be excluded.
Two Large U.S. Retailers Could be Rocked This Year by Dismal U.K. Retail Sector
If Wednesday’s dismal outlook from retailer Next is any indication, the retail sector in the U.K. could be in for a rough 2017, as the country prepares to begin its process of leaving the European Union. Next, largely considered Britain’s bellwether retailer, expects this to be a challenging year and issued a profit warning after weaker-than-expected festive season sales.
Rolls Royce Shares Still Getting Crushed — Here’s New Reason Why
Rolls Royce stock slumped Thursday after analysts at JP Morgan cut their price target for the shares less than a month before the engine manufacturer reports full-year results. JP Morgan slashed its target to 730 pence , from 890 pence, in the latest sign of deteriorating investor sentiment toward the company – since it emerged Airbus has had to postpone a number of A380 deliveries.
Freeport-McMoRan Tops the S&P 500; Now What?
Freeport-McMoRan surged over 7% on Wednesday, the end of the stock’s six-week pullback. Here’s how you trade the stock Freeport-McMoRan has reversed sharply from last week’s close.
Here’s When to Buy Chevron, IBM, 3 More High-Yielding Dow ‘Dogs’
It’s that time of year again — every January, scores of investors flock to the “Dogs of the Dow.” But this year a twist on the typical Dow Dogs strategy is providing a big opportunity for investors who are paying attention to the price action.
Cramer: What Sets Dominion Resources Apart?
For an “Executive Decision” segment, Cramer spoke again with Tom Farrell, chairman, president and CEO of Dominion Resources , a stock that rose 13% in 2016 and currently yields 3.7%. Farrell said that Dominion is different from other utilities because of its natural gas infrastructure, which includes a new export terminal set to come online later this year.
Wake Me When the Complacency Is Over
After the bell on Wednesday we saw several retailers report disappointing sales for the holiday season. OK, we all know the mall or “brick and mortar” is done and “no one goes there anymore,” but the reaction to the earnings news I saw was a bit surprising to me.
OTA Calls IoT Cyberattacks “Shot Across the Bow” Coalition…
Global support for Online Trust Alliance’s security and privacy framework, integrates efforts of DHS, FCC, FTC, the Department of Commerce, trade organizations and others Today the Online Trust Alliance released its updated IoT Trust Framework at the 2017 Consumer Electronics Show . Serving as a product development and risk assessment guide for developers, purchasers and retailers of Internet of Things devices, the Framework is the foundation for future IoT certification programs.
After Trump And Brexit, Data Scientists Have One Main Job In 2017
In hot demand, data scientists may feel no need to justify their worth or rethink what they do. That could prove a mistake.
5 Creativity-Boosting Habits For People Who Can’t Stand Routines
Scientific research has already uncovered some surprising facts about how creativity works . And this time of year especially, there’s ample advice out there for those looking to adopt new and better habits and keep their New Year’s resolutions going strong.
The Ultimate Checklist For Digitally Upgrading Your Resume
We all want a resume that will jump out of the pile into the hands of HR managers. But how do you craft a resume that is tasteful yet aesthetic, impressive, yet not braggy? First and foremost, you need to ditch the conventions of the paper-based version.
Three Companies Earning High Marks For Their Parental Leave Policies
In 2017 and beyond, the private sector will have to step up to support working parents. Here’s how EY, Dell, and LinkedIn do it.
How The Gig Economy Will Change In 2017
Growing or shrinking? Changing the way we work? Experts weigh in on how freelance, gigging, and contract work will change this year. The gig economy has been on the rise for several years, and many reports point to an continued trend in American workers taking on both side gigs and cobbling together a living from a hodgepodge of short-term work or longer-term contracted jobs.
How To Calculate How Valuable You Are To Your Boss
Are you getting paid fairly? Here’s how to figure out your worth and how to ask for a raise this year. If you’re like most people-64%, according to Payscale’s “2016 Compensation Best Practices Report” -you feel like you aren’t being paid fairly.
Here’s What Employees Should Be Worried About This Year
A lot is likely to change for American workers in 2017. Here are the biggest things on the horizon and a few things to be hopeful about.
Toyota Will Take Trump’s Decisions Into Account on Mexico Plant
Toyota Motor Corp. President Akio Toyoda said he’ll take U.S. President-elect Donald Trump’s decisions into account when planning for the automaker’s Mexican operations, after Ford Motor Co. scrapped plans to build a new plant there.
Higher Fuel and Labor Costs Mean You’ll Pay More to Fly in 2017
After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, U.S. airlines are in for what looks to be a more turbulent 2017. Buckle up.
Trump Lucky to Inherit Healthier Banking System, Greenwood Says
Donald Trump will enter the White House with the U.S. banking system in far better shape than it was for Barack Obama’s arrival eight years ago, according to Invesco chief economist John Greenwood. With Trump’s inauguration just two weeks away, the U.S. business cycle is in line for several years of expansion as bank lending is growing and activity has normalized, reducing the need for the Federal Reserve to create credit as it did under quantitative easing, Greenwood said Thursday at a news conference in Hong Kong.
The Latest: Investor says he’d sell casino to mayor at $300M
The Latest on Atlantic City Mayor Don Guardian’s call for billionaire investor Carl Icahn to sell the shuttered Trump Taj Mahal casino : Billionaire investor Carl Icahn says he’d be happy to sell Atlantic City’s former Trump Taj Mahal casino – if the city’s mayor bought it. Icahn was responding to comments Wednesday by Republican Mayor Don Guardian, who called on Icahn to sell the casino, make a profit and move on.
Atlantic City mayor urges Icahn to sell ex-Taj Mahal casino
This Oct. 10, 2016 photo shows striking union members picketing outside the Trump Taj Mahal casino in Atlantic City N.J. moments before it shut down. Owner Carl Icahn plans to surrender the casino license for the shuttered facility, and has filed a … deed restriction against the property preventing any future buyer from using it as a casino unless they pay an unspecified fee.
Amazon’s Alexa is officially coming to Ford cars
Ford has teamed up with Amazon to bring Alexa into its cars, the automaker announced at a press dinner at the Consumer Electronics Show in Las Vegas on Wednesday. The integration will let Ford users with SYNC 3 access Alexa, Amazon’s cloud-based voice service, inside the car to do things like check the weather, play audiobooks, add items to shopping lists, and even control Alexa enabled smart home devices.
Fed Officials Worry Quicker Rate Hikes May Be Needed
The Federal Reserve released the minutes of its December policy meeting on Wednesday. Bloomberg’s Jenna Smialek reports on “Bloomberg Markets.”
Alibaba Sues Sellers of Fake Swarovski Watches in Crackdown
Alibaba Group Holding Ltd. sued two vendors it said used the company’s Taobao website to sell counterfeit Swarovski watches, just weeks after the site was labeled a haven for knockoffs by U.S. regulators. The lawsuit is the first legal action taken by an e-commerce site in China against sellers of counterfeit goods and Alibaba seeks 1.4 million yuan in damages, the company said Wednesday in a statement.
Libya Oil-Export Terminal Said to Re-Open as Crude Output Rises
Libya is re-opening its last major oil-export terminal that was shut amid fighting that hobbled output in the country with Africa’s largest crude reserves. The Zawiya terminal is preparing to resume exports after the pipeline supplying it was re-opened, an official at the state-run National Oil Corp. said, asking not to be identified for lack of authorization to speak to news media.
Former Fed board member J. Dewey Daane has died
J. Dewey Daane, a noted expert on monetary policy who was nominated to serve on the Federal Reserve board by President John F. Kennedy, has died. He was 98. His death Tuesday in Nashville was announced by Vanderbilt University where Daane had been a longtime professor at the Vanderbilt Owen Graduate School of Management.
Ex-Hedge Fund Manager Generates 51% Return From Skiers? Paradise
The region of Trondelag is the cradle of Norway’s Winter Olympic dominance, with 14 gold medals over the past two events alone. Now, Jomar Kilnes, a former hedge fund manager who has come home after more than a decade in the Bahamas and the U.S., is showing that delivering outsized investment returns is the area’s real forte.
TRAI to meet CEOs of Airtel, Vodafone, Jio and Idea to discuss roadmap for 2017
In a first-of-its-kind exercise, regulator TRAI is scheduled to meet CEOs of all telecom companies, including Bharti Airtel, Vodafone and Reliance Jio, on Friday to discuss and identify important issues that need to taken up during the year. A similar meeting is slated with top executives of cable and broadcasting companies, multiple-system operators and DTH operators on January 10, TRAI sources said.
Toyota Plans Years of Building Cars Largely Controlled by Humans
Toyota Motor Corp. plans to spend years designing cars in which humans retain a large measure of control, since the goal of turning all driving decisions over to computers seems too dangerous for now. The problem, Toyota said Wednesday, is that society has come to accept 39,000 traffic fatalities a year in the U.S., mostly due to human error, but would never tolerate similar carnage involving cars controlled by computers.
Singapore Charges Ex-Falcon Bank Manager in 1MDB-Linked Case
Singapore prosecutors charged a former branch manager of Falcon Private Bank Ltd., the fifth person to be indicted in the city-state’s probe linked to a scandal-hit Malaysian state investment fund. Jens Sturzenegger, a Swiss, faces 16 charges including failing to report to the authorities that $1.27 billion of inflows into two bank accounts were suspicious, according to papers filed Thursday in a state court.
American Drivers Seen Paying $52 Billion More to Fill Up in 2017
Americans may spend $52 billion more to fill their cars this year as OPEC output cuts boost oil prices and state tax hikes take a bigger bite, according to GasBuddy Organization Inc. The national yearly average will rise to $2.49 a gallon from $2.13 in 2016, analysts at GasBuddy, which tracks retail prices and availability,said in a 2017 outlook. The jump more than reverses the $39 billion decline last year.
Crown Jewel of U.S. Shale Behind the Endless Pursuit of Williams
Some 67 years after the Transco pipeline was laid from the Gulf Coast of Texas to New York City, it remains the crown jewel of the natural gas industry, fed by America’s richest shale patch. In the past year, the allure of this 10,500-mile system has helped trigger two failed takeover bids for Williams, a clash between Armstrong and billionaire pipeline magnate Kelcy Warren and a mass exodus from the company’s board.
JPMorgan Lashing by Indonesia Signals Global Threat to Analysts
The world is getting more hazardous for skeptical analysts, the banks that employ them and investors who rely on their published research. Even by the rough-and-tumble standards of emerging markets, Indonesia’s punishment of JPMorgan Chase & Co.
Russell Westbrook hit a ref in the head with the basketball…
This comes less than one week after Westbrook was ejected from a game and he complained about not getting the same treatment other players receive. The latest incident came late in the first quarter against the Charlotte Hornets when the Oklahoma City Thunder called timeout.