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Gold is now the world's second-largest reserve asset — but central bank appetite is waning
Central banks increased their gold holdings amid economic uncertainties, but recent trends indicate a declining preference for further accumulation despite its prominent role in gl...
Read Full Article →Here's the inflation breakdown for May 2025 — in one chart
Economists noted that although consumer price increases remained moderate in May 2025, potential impacts from trade policies could lead to a more significant rise in inflation duri...
Read Full Article →JPMorgan's Jamie Dimon warns U.S. economy could soon 'deteriorate'
Jamie Dimon of JPMorgan highlighted potential economic challenges ahead, suggesting a slight decline in job numbers and a modest increase in inflation, which could impact financial...
Read Full Article →Tesla gains for a fourth day as Musk sets robotaxi date, Trump tensions cool
Tesla's stock advanced for the fourth consecutive day, driven by optimism around the upcoming robotaxi launch and easing political disagreements involving the company's leadership.
Read Full Article →U.S. inflation rises 0.1% in May from prior month, less than expected
The slight increase in consumer prices for May, lower than anticipated, indicates a moderate rise in inflation that may influence monetary policy decisions and economic forecasts g...
Read Full Article →Mortgage demand rises to the highest level in over a month, after holiday adjustment
Following minor increases in borrowing costs during the holiday week, consumers showed a noticeable increase in loan applications, indicating a rebound in home financing activity a...
Read Full Article →UniCredit CEO says Commerzbank currently too expensive for takeover offer
The UniCredit CEO indicated that, due to current valuation levels, pursuing an acquisition of Commerzbank is not financially feasible at this time.
Read Full Article →Nvidia CEO says quantum computing is reaching an 'inflection point'
The advancement of quantum computing technology is expected to create new opportunities for investment and technological development, potentially impacting various industries and d...
Read Full Article →Zara owner Inditex flags slowing summer sales as tariff uncertainty weighs
Inditex reported lower-than-anticipated revenue in the first quarter, indicating potential challenges ahead due to ongoing trade policy uncertainties affecting consumer demand duri...
Read Full Article →China, U.S. officials reach agreement for allowing rare-earth, tech trade. Now it's up to Trump and...
The agreement between China and the U.S. to permit trade in rare-earth materials and technology could impact global markets and influence supply chains significantly, pending appro...
Read Full Article →Elon Musk says Tesla robotaxi rides in Austin 'tentatively' set to begin June 22
The introduction of autonomous Tesla vehicles for customer rides in Austin could potentially create new revenue streams and impact the company's overall financial performance start...
Read Full Article →A frustrated Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires...
Meta is increasing its investment in AI by acquiring a substantial stake in Scale AI and appointing its CEO to advance the company’s technological development and competitive posit...
Read Full Article →Jim Cramer wants to call attention to stocks popular with younger investors
Jim Cramer highlighted the potential market impact of equities favored by younger investors, which often lack detailed analysis from leading financial experts, indicating possible...
Read Full Article →DoubleLine’s Gundlach says to buy international stocks on the dollar's 'secular decline'
According to a prominent investor, the ongoing weakening of the dollar suggests potential opportunities in foreign markets as geopolitical risks may be limiting additional U.S. inv...
Read Full Article →GM to invest $4 billion in U.S. plants amid tariffs for Mexican-produced vehicles
General Motors is allocating $4 billion to enhance manufacturing capacity at several U.S. facilities, partly by shifting production of certain vehicles from Mexico to domestic plan...
Read Full Article →Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
Tesla's stock gained momentum over three days as investor concerns eased, driven by optimism surrounding the potential growth and revenue opportunities associated with the developm...
Read Full Article →Anduril CEO Palmer Luckey says the defense tech company will 'definitely' go public
Taking the company public could provide Anduril Industries with increased capital to fund growth and innovation, while also offering early investors a potential opportunity to real...
Read Full Article →Google offers buyouts to employees across the company, including Search
The buyout program at Google impacts various departments, potentially leading to reduced payroll expenses and shifts in workforce allocation across core technology and support func...
Read Full Article →Treasury Sec. Bessent leaves London, but U.S.-China trade talks continue
Ongoing negotiations between the United States and China aim to address key economic issues such as export restrictions and critical mineral supplies, which could influence global...
Read Full Article →Amazon Kuiper second satellite launch delayed by ULA due to weather
The postponement of the second Kuiper satellite launch to June 16 may impact Amazon’s investment timeline and increase operational costs due to the delay caused by unfavorable weat...
Read Full Article →Former Wall Street analyst building market AI on why stock pickers won't go extinct
A former investment expert is developing advanced AI technology to perform tasks traditionally done by financial analysts, highlighting ongoing changes in the industry’s approach t...
Read Full Article →Disney CEO Bob Iger says taking full control of Hulu unlocks new level of growth
By acquiring complete ownership of Hulu, Disney aims to enhance its direct-to-consumer offerings, which play a crucial role in expanding its overall revenue streams and market pres...
Read Full Article →Inflation readings and Treasury auctions to test the bond market. Here's what to expect
Upcoming economic data and government debt sales are expected to influence investor sentiment, potentially affecting borrowing costs and guiding central bank decisions on monetary...
Read Full Article →Market volatility has marked Trump's second term — here's how investors have fared
Despite significant fluctuations in the stock market during the period, overall investment portfolio values have remained relatively stable compared to their levels at the beginnin...
Read Full Article →In China, fears grow of an EV financial crisis amid pricing war
The ongoing intense competition among Chinese electric vehicle manufacturers, spearheaded by BYD, is creating financial challenges that could impact the industry's overall stabilit...
Read Full Article →Texas Roadhouse shares fall after CFO departs. Here's where Jim Cramer stands on the stock now
The departure of Texas Roadhouse's chief financial officer has influenced investor sentiment, potentially affecting the company's stock performance and prompting analysts to reasse...
Read Full Article →IBM announces new quantum processor, plan for Starling supercomputer by 2029
IBM's introduction of the Quantum Nighthawk processor and the development of the Starling supercomputer reflect a substantial investment aimed at advancing computational capabiliti...
Read Full Article →World Bank sharply cuts global growth outlook on trade turbulence
The updated forecast indicates a notable slowdown in worldwide economic expansion, reflecting increased uncertainties in international commerce and signaling the weakest growth per...
Read Full Article →Boeing airplane orders rise to highest level since late 2023 ahead of Paris Air Show
In May, Boeing secured 303 airplane orders, marking a notable increase in demand that could positively impact the company's revenue and production plans moving forward.
Read Full Article →69-year-old CEO says he turned 19 employees into millionaires after selling the company in a $1 bill...
After selling a majority stake in Dave's Hot Chicken for $1 billion, the 69-year-old CEO enabled 19 employees to achieve millionaire status through their ownership shares.
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