Gold futures experienced a dip on Monday, stepping back from the mid-$1,900 range. This shift was prompted by the dollar’s ascent to 10-month highs in response to the Federal Reserve’s recent caution that U.S. interest rates would maintain their elevated position for a more extended period. The December contract, the most active in New York’s…
Gold prices wrapped up the week with minimal movement, bouncing back from a brief dip to a one-week low. The ongoing debate in the financial world revolves around whether the Federal Reserve will implement its final rate hike for the year in November or December. Ed Moya, an analyst at the online trading platform OANDA,…
Gold prices remained steady near a three-week low on Thursday, as the latest data on U.S. producer prices and retail sales sparked concerns about the prolonged period of higher U.S. interest rates. This scenario had a ripple effect, boosting the value of the dollar and bond yields. Around 1:47 p.m. EDT (1747 GMT), spot gold…
The electric vehicle revolution is undeniably underway, but it’s no cakewalk, even for German automakers who once led the automotive world in design and cutting-edge tech. The IAA motor show kicked off in Munich, shifting the spotlight away from Mercedes Benz and Porsche to Tesla Inc, which is unveiling an enhanced version of its top-selling…
U.S.-listed China stocks have undergone a significant decline from their 2021 levels, leading CNBC’s Mad Money host, Jim Cramer, to suggest a potential opportunity to include some of these stocks in one’s portfolio. Following a surprising rate cut by the People’s Bank of China, Cramer expressed his belief that the country is working to stimulate…
Amazon.Com, Inc (NASDAQ:AMZN) is embarking on a fresh initiative geared towards delivering orders in a more eco-friendly manner, reducing excess packaging and appealing to environmentally-conscious shoppers. In a bid to address customer concerns regarding excessive packaging, CEO Andy Jassy is leading this drive, aiming to strike a chord with those who are environmentally mindful, as…
BlackRock’s (NYSE: BLK) recent short interest surge, up by 15.32% since the last report, has caught the attention of market observers. The company disclosed holding 2.11 million shares sold short, constituting about 1.43% of the total tradable shares. This volume of short positions, when considered against trading activity, implies an average of 3.23 days required…
Palantir Technologies Inc (NYSE: PLTR) experienced a downturn in early trading on Tuesday, despite delivering robust second-quarter results. The earnings season has brought in a flurry of excitement, and various analysts have shared their insights from the earnings release. Brian Gesuale, an analyst at Raymond James, remains optimistic with an Outperform rating, and he has…
Get Ahead with Today’s Key Insights In the fast-paced world of investments, here are some crucial points to keep in mind today: Earnings Anticipation Investors are eagerly awaiting earnings reports from industry giants like Apple Inc (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN), with hopes that positive results will boost the overall stock market, particularly in the…
Market valuations are cheaper. That is a prime argument for bulls on why now is a great time to buy. The S&P traded at approximately 22x earnings through much of 2021. The decline in markets year-to-date has lowered that to around 17x as we drift towards Q2 earnings. Yardeni Research P/E Chart: The problem with…
