By Ewa Manthey Spot gold rose above $2,500/oz on Friday afternoon, exceeding the previous record hit last month. The inrease followed disappointing US housing data that has reinforced bets of faster and deeper cuts from the Federal Reserve. Lower borrowing costs are positive for gold as it doesn’t pay interest.…

Borrowers who got a glimpse of lower student loan payments on the Saving on a Valuable Education income-driven repayment plan ran into another roadblock late last week.On Aug. 9, The 8th Circuit Court of Appeals officially blocked President Joe Biden’s administration from moving forward with lowering monthly payments and forgiving…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Stocks jumped Thursday after a better-than-expected July retail sales report indicated consumer spending is holding up despite recession fears. This macroeconomic backdrop “is about as…

TORM plc (NASDAQ:TRMD) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Jacob Meldgaard – Executive Director and Chief Executive OfficerKim Balle – Chief Financial Officer Conference Call Participants Jon Chappell – EvercoreOmar Nokta – JefferiesClement Mullins – Value Investors EdgePeter Hagen – ABG Operator Good…

LONDON — Travelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air.The annual “all you can fly” pass, which allows passengers to book one-way and roundtrip flights throughout the year, will be available for the…

Check out the companies making headlines in midday trading. Brinker International – The stock plummeted around 12% after the Chili’s parent issued a weaker-than-expected profit forecast for the full year and reported disappointing fiscal fourth-quarter earnings . The company posted adjusted earnings of $1.61 per share, below the StreetAccount consensus…

Key takeaways The fund underperformed its benchmark its benchmarkUnderperformance mainly resulted from stock selection in the information technology, utilities and industrials sectors. Stronger stock selection in the communication services, health care and consumer staples sectors partially offset these results. Portfolio activityThere was no significant change to the fund’s overall positioning…

Check out the companies making headlines in midday trading. Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded…

Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google aims to put its AI in front of consumers before Apple, which will launch its AI on iPhones, Macs and iPads…

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