In a recent twist of events, gold experienced a decline, touching a one-week low as the Federal Reserve made a commitment to raise interest rates until annual inflation levels reach their 2% target. This announcement has left some market observers speculating that more challenges may lie ahead for the precious metal. The December contract, which…
Gold Prices Climb as Markets Anticipate Steady Fed Rates and U.S. Government Shutdown Fears On Monday, gold prices experienced an uptick, driven by market expectations that the Federal Reserve will maintain current interest rates during its upcoming meeting. Simultaneously, growing concerns regarding a potential U.S. government shutdown have amplified safe-haven demand for the precious metal….
Gold experienced a significant 1% surge on Friday, thanks in part to a weaker dollar and a surge in safe-haven purchases. The catalyst for this uptick in demand? The United Auto Workers union initiated strikes at three major automakers in Detroit. Additionally, optimism regarding a possible halt in U.S. interest-rate hikes provided further reinforcement for…
Gold experienced a modest decline, slipping to levels not seen in over two weeks on Tuesday. This downtrend came as the U.S. dollar staged a resurgence, with investors taking a cautious stance in anticipation of the forthcoming U.S. inflation data set to be unveiled on Wednesday. The spot gold market saw a 0.6% dip, bringing…
Softbank’s Arm is gearing up for a highly anticipated public debut next week, set to become the year’s largest IPO. Jim Cramer voiced his enthusiastic support for the company, predicting an overwhelming demand for its chip designs. Here’s what you need to know: Arm is eyeing a valuation close to $54 billion for its forthcoming…
Tesla, Inc. (NASDAQ:TSLA) witnessed a notable increase in its sales performance in China for the month of August. Preliminary data from the China Passenger Car Association indicates that the company sold 84,159 electric vehicles (EVs) produced in China during the month. This figure reflects a significant 9.4% rise compared to the 76,965 units sold during…
In the realm of Apple Inc. (NASDAQ:AAPL), some noteworthy developments have emerged, touching upon a legal resolution concerning a trademark dispute, the much-anticipated reveal of the iPhone 15, and novel advancements in the supply chain pertaining to the Apple Watch 9. Let’s delve into these significant updates. Trademark Resolution with USPTO: Apple has recently reached…
Qualcomm Inc (NASDAQ:QCOM) is harnessing the capabilities of advanced artificial intelligence (AI) to amplify its presence in the automotive chip sector, presenting fresh and imaginative possibilities to automakers. Known for its cutting-edge chips and modems found in Android phones, the company has been actively promoting its Snapdragon Digital Chassis, a fusion of hardware chips, sensors,…
The Biden Administration’s Pause: Nvidia’s Microchip Sales Affected In a strategic move with global implications, the Biden administration has halted Nvidia Corp.’s (NASDAQ: NVDA) microchip sales to the Middle East. The concern at hand is the potential re-export of these chips to China, a bold geopolitical maneuver recently highlighted by the Telegraph’s James Titcomb. National…
Artificial intelligence has swiftly entered the common vocabulary of most investors, a trend that hasn’t escaped the attention of Cathie Wood, the visionary behind Ark Invest. Wood’s involvement with Nvidia Corp (NASDAQ:NVDA) dates back to at least 2016, and according to her, the AI trade still holds great promise. In fact, she believes that AI…
