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Wed 4:04 pm

Wall Street drops as Fed ends QE and sends hawkish message

U.S. stocks fell Wednesday afternoon immediately after the Fed statement, which announced the central bank's decision to end its bond buying stimulus program as expected. But the statement showed several surprising signs of hawkishness.

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Wednesday, October 29, 3:47 pm

Gold slides as Fed ends QE; WTI gains 1%

Gold prices dropped as the Federal Reserve halted its bond-purchase program, cutting demand for the metal as hedge against inflation. Gold for December delivery shed $4.50 to finish at $1,224.90 a...


6:44 am

Sunrise Resources’ Cheetham pleased with gold progress

Executive chairman Patrick Cheetham Sunrise Resources’ (LON:SRES) says he is pleased with the progress being made at its gold projects in Western Australia. Cheetham also touches on the route to production, the...


  • Uranium market is awakening: H.C.Wainwright

    The sector has been plagued ever since the Fukishima nuclear disaster in 2011, but analyst Jeffrey Wright said that the market appears to have not only bottomed out at around $28.00 per pound in the spot market recently, but has also turned a corner with uranium spot prices consolidating a little above $35.00 a pound since mid-2014.

  • TSX slides as banks, gold producers drop before Fed decision

    Canadian shares dropped as banks and material producers retreated with investors eyeing hints the U.S. Federal Reserve will keep interest rates low. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) skidded 0.6 percent to 14,539.07 at 12:05 p.m. in Toronto. Five shares declined for every four stocks that advanced as 7 out of 10 main industries retreated.

  • Sherritt gains on plans to cut 10% of its workforce, to save $10mln per year

    Canadian mining and energy company Sherritt International (TSE:S) rose on Wednesday after saying it has inititated a restructuring plan that will cut about 10 percent of its salaried workforce as it works to slash costs.

  • ITUS authorizes up to $5mln stock buyback program

    ITUS Corporation (OTCQB:ITUS), a company which generates revenue from its patents, says it has authorized a stock buyback program of up to $5 million over the next two years.

  • Deveron to option newest graphite/zinc discovery in Ontario with grades of up to 25% Cg over 24 metres

    Deveron Resources (CVE:DVR) has agreed to option up to a 100 percent stake in Greencastle Resources' (CVE:VGN) Rockstone property in northwest Ontario, which the junior explorer is calling a new graphite and zinc discovery for the province.

  • CSE hits record number of issuers as expansion ramps up on all fronts

    The Canadian Securities Exchange (CSE) says that its number of listed issuers rose almost 24 percent in September from the same time last year as companies increasingly look to tap into the junior exchange's many benefits.

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