Financial News

What's fueling historic gold prices?

The price of gold has reached an all-time high, eclipsing $5,000 per ounce. Jim Wiederhold, commodity indices product manager at Bloomberg, joins "The Takeout" to dig into why.

Clear 37K-cr dues or we’ll strike work, warn contractors

No flights home: Two-thirds of Udan routes grounded in K’taka

UBS Revises Scotts Miracle-Gro (SMG) Outlook as Consumer Staples Pressures Persist

The Scotts Miracle-Gro Company (NYSE:SMG) is included among the 13 Best February Dividend Stocks to Buy. On January 14, UBS nudged its price target on The Scotts Miracle-Gro Company (NYSE:SMG) up to $66 from $61 and left its rating at Neutral. The firm said the consumer staples space is still dealing with a tough backdrop, [...]

Cramer says Microsoft and Meta's earnings offer a clear lesson: Don't give up on the tech giants

Shares of Microsoft fell almost 10% Thursday while Meta jumped roughly 10% after earnings from both tech giants Wednesday.

Relay Therapeutics (NASDAQ:RLAY) CFO Sells $14,322.75 in Stock

Relay Therapeutics, Inc. (NASDAQ:RLAY – Get Free Report) CFO Thomas Catinazzo sold 1,695 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $8.45, for a total value of $14,322.75. Following the completion of the transaction, the chief financial officer directly owned [...]

New homes for sale in Altadena’s guard-gated La Vina, starting at $2.3M

The two-story homes are part of builder PLC Communities’ expansion in the foothills development, which will ultimately feature 18 new builds.

ECB’s Cipollone: Digital Euro to Anchor Europe’s Retail Payment Infrastructure

European payments sovereignty moved back to the top of the policy agenda Thursday (Jan. 29) as European Central Bank (ECB) Executive Board Member Piero Cipollone said the digital euro would provide the retail payments infrastructure the euro zone currently lacks, per Reuters. Speaking at a conference in Italy, Cipollone argued that Europe must become [...]The post ECB’s Cipollone: Digital Euro to Anchor Europe’s Retail Payment Infrastructure appeared first on PYMNTS.com.

Bitcoin slips as Fed chair speculation hits risky assets

Bitcoin slumped to a two-month low on Friday as speculation the next chair of the U.S. Federal Reserve might tighten up on ‌cash in the financial system hit cryptocurrencies and lifted the dollar. Cryptos are having a rough time in what was once hoped to be a golden ⁠era of flows and friendly regulation under President Donald Trump, with the market-leading bitcoin losing a third of its value since striking record highs in October.

Robinhood Shares Are Rising After Hours – What’s The Trump Connection?

The US federal government is reportedly considering giving crypto firm Robinhood Markets Inc. a key role in overseeing the new “Trump accounts” it’s creating for millions of children.

Deluge of petrochemicals from China swamps other Asian countries

Ethylene plant shutdown in Japan is the latest casualty of China’s building boom

The New Commodity Supercycle

This post The New Commodity Supercycle appeared first on Daily Reckoning.Gold, silver, and miners are finally dipping after an insane run. Red days are no fun, but this is healthy for long-term bulls. We needed to slow down and consolidate gains. The move was too far, too fast. If you’re looking to buy, free up some cash and be patient. This drop could be substantial. [...]The post The New Commodity Supercycle appeared first on Daily Reckoning.