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Jun 18, 2015

CMI | Spot Prices as of Close of Trading in New York on June 18, 2015.

Spot Prices as of close of trading in New York

Thursday, June 18, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,203.50 +$25.20 $1,181.50 $1,229.10 $1,314.55

Silver

Today Change Week Ago Month Ago Year Ago
$16.19 +$0.21 $15.99 $17.77 $20.70

Platinum

Today Change Week Ago Month Ago Year Ago
$1,084.90 +$10.30 $1,107.60 $1,180.40 $1,477.70

Palladium

Today Change Week Ago Month Ago Year Ago
$721.60 +$1.10 $745.10 $795.20 $840.98

Gold/Silver Ratio

74.34

SEC Litigation Release - June 18, 2015: SEC Charges Microcap Oil Company CEO and Stock Promoter with Defrauding Investors.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23290 / June 18, 2015

Securities and Exchange Commission v. Norstra Energy Inc., Glen Landry and Eric Dany, Civil Action No. 15-cv-4751 (S.D.N.Y.)

SEC Charges Microcap Oil Company CEO and Stock Promoter with Defrauding Investors

The Securities and Exchange Commission today charged a Texas-based oil company and its CEO with defrauding investors about reserve estimates and drilling plans, and charged the author of a stock-picking newsletter for his role in a fraudulent promotional campaign encouraging readers to buy the oil company's penny stock shares.

Times Video - June 18, 2015.

Thursday, June 18, 2015

Technology - Bits | Robotica

Matt McMullen is developing a sex robot that uses technology to create the illusion of sentience. But is it enough to generate real emotions in its user?
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Technology - Bits | Robotica

Les Baugh lost his arms as a teenager. Engineers at Johns Hopkins are trying to give them back, but better. Mr. Baugh is testing a robotic prosthetic that he can control with his mind.
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Technology - Bits | Robotica

When Sony stopped manufacturing replacement parts for its Aibo pet robot, owners scrambled to save the robot-dogs that had become part of their families.
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China's demand for industrial robots has increased dramatically over that last five years. To keep up with demand, the German-based industrial robotics manufacturer, Kuka, opened a factory in Shanghai in 2014. Jonah M. Kessel / The New York Times

Technology - Bits | Robotica

China faces rising labor costs and a shortage of workers. But a government project called "replacing humans with robots" is trying to change the face of the work force in Guangdong Province.
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Huggable, a robotic teddy bear developed at M.I.T., can talk and play with hospital patients with the aid of a remote operator.

Technology - Bits | Robotica

Beatrice Lipp, a patient at Boston Children's Hospital, meets Huggable, a robotic teddy bear. The robot's creators are studying whether it can have therapeutic value for hospitalized children.
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Technology - Bits | Robotica

Navy robotics engineers are working to develop autonomous tools that can integrate with other technologies. But in field tests, the autonomous future still seems far away.
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DealBook P.M. Edition - June 18, 2015: Top Story In Eurozone, Growing Support for a Greek Exit .


Thursday, June 18, 2015
TOP STORY
Protesters in front of the Greek Parliament in Athens on Wednesday; they were urging Greece's European and International Monetary Fund creditors to ease their terms.
In Eurozone, Growing Support for a Greek Exit Economists and government officials in Europe have begun to accept that little more is to be gained in this struggle to get Greece to play by the rules.
Yanis Varoufakis, Greece's finance minister, speaking with Christine Lagarde, the managing director of the International Monetary Fund, during a meeting with finance ministers on Thursday.
Greek Debt Talks Are Again Fruitless Eurozone finance ministers said on Thursday that they had failed to reach a deal on Greece's international bailout.
  • NYT » | News Analysis: In Eurozone, Growing Support for a Greek Exit 
  •  
    DEALBOOK HIGHLIGHTS
    Richard B. Zabel, right, helped oversee the prosecution of insider trading across the hedge fund industry.
    Richard Zabel, Bharara's Deputy, Moves to Elliott Management Mr. Zabel, the deputy United States attorney in Manhattan, will become general counsel at the hedge fund.
    James Park, right, the chief executive of Fitbit, rang a ceremonial bell on the floor of the New York Stock Exchange on Thursday to signal his company's market debut.
    Fitbit Shares Surge 52 Percent in Market Debut Shares of the maker of wearable fitness-tracking devices opened at $30.40 on Thursday morning, up sharply from the I.P.O. price of $20.
    Buzz Tracker
    Pope Targets Finance's Roll in Climate Change Pope Francis, in a sweeping encyclical, cites finance as having a distorting influence on politics and criticizes carbon credits - the financial instruments central to the European Union's climate change policy.
    For the latest updates, go to NYTimes.com/DealBook
    ADVERTISEMENT
    Quotation of the Day
    "The other choice is to adopt the policies of our lenders and that is the option of a slow death."
    Costas Lapavitsas, a London-trained economist who recently returned to Athens and won a seat in Parliament under the Syriza banner.

Wall Street at Close Report on June 18, 2015: Nasdaq, Russell 2000 close at records

marketwatch.com

Nasdaq, Russell 2000 close at records

Anora Mahmudova, Sara Sjolin
 
U.S. stocks advanced sharply on Thursday, sending the Nasdaq Composite and the Russell 2000 to record highs, while the main indexes recorded their third consecutive day of gains.
The Nasdaq Composite COMP, +1.34%  gained 68.07 points, or 1.3% to 5,132.95, topping it previous record reached on May 19. The Russell 2000 RUT, +1.29%  rose 15.88 points, or 1.3% to 1,284.17, surpassing its record set April 15.
The S&P 500 SPX, +0.99% rose 20.80 points, or 1%, to 2,121.24, closing less than 10 points below its all-time closing high. The Dow Jones Industrial Average DJIA, +1.00% jumped 180.10 points, or 1%, to 18,115.
John Augustine, chief investment officer at the Huntington Trust, said he was surprised to see small-caps outperforming large-caps a day after the Fed downgraded the economic growth to 1.9%.
“Small-cap action indicates that the market is questioning the Fed’s assertion that the economy is slowing down,” Augustine said.
Also read: Fed keeps rates unchanged as it still eyes hikes this year
Investors continued to cheer what they perceived as a dovish tone set by the U.S. central bank and Chairwoman Janet Yellen following the conclusion of a two-day Fed policy meeting Wednesday.
Dan Greenhaus, chief global strategist at BTIG LLC, said investors are still digesting the Fed’s comments.
“The Fed did not provide anything new on Wednesday, there is no greater clarity after the meeting than before. However, the dot-plot suggesting pace of [a rate] hike would be slower is taken as dovish,” Greenhaus said.
Greenhaus noted he wasn't very enthusiastic about stocks, as valuations are high and overall global macro background isn't all that favorable. “There aren’t any compelling reasons to short the stock market either, which is why, perhaps the market moved sideways for the past 10 months,” he said.
Data on Thursday showed another drop in weekly jobless claims but only modest inflationary pressures. Meanwhile, the Philadelphia Fed’s manufacturing index rose to a reading of 15.2 in June, far above the forecast in a MarketWatch-complied economist poll.
Movers and shakers: Rite Aid Corp. RAD, -3.59%  said it earned 2 cents a share in the first quarter, slightly missing analyst expectations. Shares slumped 3.5%.
Shares of Oracle Corp. ORCL, -4.83%  slumped 8.6% after the software company late Wednesday reported a drop in fourth-quarter earnings.
Fitbit Inc. FIT, +48.40%  jumped 51% to $30.14 as it began trading for the first time on the NYSE Thursday. Read: Five things to know about Fitbit before its IPO
Read more on today’s notable movers in Movers & Shakers column.
Other markets: The ICE dollar index DXY, -0.24%  dropped 0.3% to 94.01 on Thursday, around its lowest level since mid-May.
European stock markets closed higher ahead of a key meeting of eurozone finance ministers, where Greece is high on the agenda. Asian stock markets closed mostly lower.
Read: No signs of Greek debt deal at Eurogroup as deadline looms
Weaker dollar boosted commodity prices. Gold GCQ5, +2.09%  rose 2.1% settling at $1,202 an ounce. Oil futures CLN5, +0.97%  settled higher, up 0.9%, at $60.45 a barrel.