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Gold prices extended their record run on Monday as the latest data showing a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut in June.Lower interest rates reduce the opportunity cost of holding bullion.Spot gold was up 1% at $2,254.71 per ounce…
Turkey’s opposition won a stunning victory across several major cities in the country’s local elections Sunday, dealing a severe blow to President Recep Tayyip Erdogan’s ruling party and handing it its largest defeat in more than two decades.”Those who do not understand the nation’s message will eventually lose,” Istanbul Mayor…
BlackBerry (NYSE:BB) has just turned a new page in its long and tumultuous history with its CEO John Chen departing after ten years at the helm. With a new leadership led by John Giamatteo, the Canadian company is preparing to carry out another major restructuring consisting of separating its cybersecurity…
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000.”Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week.Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin…
It’s never easy to admit you made a mistake, or ask for help fixing it — but doing both of those things once saved tech giant Nvidia from collapse, according to CEO and co-founder Jensen Huang.Nvidia is currently valued at more than $2.2 trillion, powered partially by the tech industry’s…
Tech stocks have helped power indices higher in the past several months, with the mega-caps continuing to dominate until recently. One area of the tech arena that’s not performed as well in the past couple of months is software, which has faced a long consolidation after a big run. One…
It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average…
Sneakers. Perfume. Trading cards. Bibles.Those are just some of the products Donald Trump is hawking while he runs to unseat President Joe Biden.They join a sprawling catalog of Trump-branded merchandise, ranging from steaks to scented candles, that the businessman-turned-president has licensed over the years.But as his campaign coffers dwindle and…
In this article I outline how I will allocate the money in my retirement fund for the month of April. I will use the 10-month exponential moving average (EMA) and a relative strength ratio to determine where my money will go among four ETF choices: SPDR S&P 500 ETF (NYSEARCA:SPY)…
At least one member of the Republican National Committee is working to slow Donald Trump’s attempted takeover of the organization by pushing to keep the committee neutral until Trump is officially the presidential nominee and avoid picking up his legal bills.Two draft resolutions are being circulated by Henry Barbour, a…