Wall Street edges lower ahead of Fed decision

Articles

• 

  12:34 pm

  Canada stocks slip ahead of Poloz maiden speech, U.S. Fed decision

  Canadian shares retreated in midday trading on Wednesday, snapping two days of gains, as investors awaited Bank of Canada Governor Stephen Poloz’s first public speech since taking office and the outcome of the two-day meeting of the U.S. Federal Reserve for signs about when it plans to taper stimulus measures.

• 

  9:56 am

  Global Cobalt’s Karakul project “a perfect storm”, says CEO

  The Karakul Cobalt Deposit, Global Cobalt’s flagship, is located in the Republic of Altai, part of the Russian Federation, sandwiched between China to the south and the edge of Siberia to the north. It is an area that Global Cobalt president and CEO Erin Chutter deems “a fascinating geological corner of the world."

• 

  9:08 am

  FedEx Q4 profit drops 45% as customers opt for cheaper service

  FedEx Corp. (NYSE:FDX), the world's largest shipping airline, said profit in the fiscal fourth-quarter dropped 45 percent as customers shifted to cheaper delivery options and the company restructures parts of its business amid weak economic growth. Shares declined in premarket.

• 

  3:59 am

  Lydian International to uncover Amulsar’s deep secrets

  This year’s drilling comes amid a busy period for Lydian as it pushes towards the development of the known deposit. It is working to complete an updated feasibility study, including a new mine layout, and that is on-track for completion early in the third quarter.

• 

  Tue 11:48 am

  Fed meeting casts dark cloud on gold

  Even the whiff of a scaling back of stimulus measures had a chilling effect on the market for gold futures, sending the price of the yellow metal to week-long lows on the Comex today. Gold, which has already seen a bull run of more than a decade upended in the last few months, would lose its lustre even further in a market less afeared of inflationary threats.

• 

  Tue 10:15 am

  Klondex Mines reports grades as high as 869 g/t gold from new area at Fire Creek, with upcoming resource to include latest results

  Klondex Mines (TSE:KDX) (OTCQX:KLNDF) has reported more drill results from its Fire Creek gold project in Nevada ahead of initial production projected for later this year, with such high grades in new, unexplored areas prompting the gold developer to delay its resource update. 

• 

  Tue 7:14 am

  Tethys Petroleum confirms Tajik tie up with Total and China

  "We believe the Bokhtar PSC is a world class asset with enormous potential,” Tethys president Dr David Robson said.

• 

  Mon 1:16 pm

  Apple a laggard in Q2's underperforming tech sector

  Apple (NASDAQ:AAPL) is a deadweight, at least when it comes to earnings growth amongst technology stocks. According to research bank FactSet, Apple's influence is so big that it will double the sector's earnings shrinkage in the second quarter of 2013.