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Markets

Buy Gold Bars at Costco? Why Guns, Gold, and Hard Assets Go Viral

The numbers show that when the going gets tough, Americans get to buying guns and gold. Signs of this gold rush might even be found amongst something as commonplace and red, white, and blue as Costco's floor-to-ceiling pallets of bulk household products and its $1.50 hotdog line. But the gold's origins are not so red, white, and blue.

Apr 12, 2024 02:28 PM EDT

Markets

Tech Titans Urge Senate: The Case for a TikTok Ban

Recently, Vinod Khosla, a luminary in venture capitalism, alongside Jacob Helberg, a senior advisor at Palantir, escalated the discourse by penning a compelling open letter to the U.S. Senate. Their message? It's time for a TikTok Ban.

Markets

Gold's Glittering Rally: Hitting Record Highs Amid Rate Cut Buzz

Gold is not just commanding attention now; it's practically screaming from the rooftops. On Monday, bullion prices soared to another record high, driven by whispers of U.S. interest rate cuts and its timeless allure as a safe haven asset. Let's dive into what's sparking this golden rally.

Markets

Why You Need to Think About Investing in LSD

What's not normal is pretending that mental illness doesn't affect everyone to some degree, or that it isn't getting worse. It is. It's why there's a rich history of psychedelics in literature. In Plato's Phaedo, the philosopher says he was inspired by the Eleusinian Mysteries, an ancient religious ceremony where participants took psychedelics.

Wall Street Jitters as New York Community Bancorp Cuts Payout

Regional U.S. bank stocks fell sharply on Wednesday, led by a 37.6% decline in New York Community Bancorp (NYCB.N) shares, b after the company unexpectedly declared a loss and reduced its dividend, rekindling concerns about the stability of other lenders.

Feb 02, 2024 11:50 AM EST

Recession Watchlist Grows as Historic Indicator Flashes Red

Since the start of this decade, investing on Wall Street has been nothing short of an experience. In recent years, three major indexes have fluctuated between bull and bear markets: the venerable Dow Jones Industrial Average , the broad-based S&P 500 and the innovation-focused Nasdaq Composite.

Jan 29, 2024 11:11 AM EST

Exxon, Nvidia, and Stock Markets Brace for Impact: Trump and Biden's Battle in the 2024 Election

Investors are thinking ahead of time about a potential Biden-Trump rematch as former president Donald Trump gets closer to securing the GOP nominee.

Jan 29, 2024 04:27 AM EST

Record Close for S&P 500 Fueled by Tech Boom, Netflix Exceeds Revenue Expectations

On Wednesday, markets concluded in a mixed bag, with tech stocks leading the way as the S&P 500 recorded its fourth consecutive record finish.

Jan 25, 2024 08:31 AM EST

Chips Power S&P 500 to Fresh Record, Chipmakers Surge on AI Optimism

The stock market experienced a surge to unprecedented levels on Friday, as investor optimism regarding anticipated interest rate cuts by the Federal Reserve and robust corporate profits fueled a rally on Wall Street.

Jan 22, 2024 09:39 AM EST

Silicon Surge Electrifies Wall Street: S&P 500 Inches Toward All-Time High on AI Hype

Thursday's dramatic increase in U.S. equities saw the S&P 500 close to all-time highs as advances in Nvidia and other chipmakers were fueled by confidence about artificial intelligence.

Jan 19, 2024 03:40 AM EST

Red Alert on Wall Street: Stocks Tumble With Apple Leading the Retreat

Tuesday's closing price of U.S. equities was lower due to pressure from banks on mixed results from Morgan Stanley and Goldman Sachs, as well as sell-offs in Apple and Boeing that affected the S&P 500.

Jan 17, 2024 12:14 AM EST

Helium: The Billion-Dollar Network No One Uses

If a pioneer in crypto passive income existed, it had to be Helium. In its early days, in a year providing IoT coverage for Helium, people raked in thousands, even hundreds of thousands.

Jan 13, 2024 02:10 PM EST

Oil Surges on Safe-Haven Demand After US, UK Launch Airstrikes Against Houthi Targets in Yemen

Global equities rose marginally on Friday, but oil rose as the crisis in the Red Sea region threatened to grow, although slightly hotter US inflation data did not change investors' conviction that interest rates may soon begin to fall.

Jan 12, 2024 09:20 AM EST

Hacked Tweet Shakes Market as SEC Denies ETF Approval

The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."

Jan 10, 2024 09:33 AM EST

Global Markets Poised for Expansion, Says Goldman Sachs, Citing AI and Green Tech

Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.

Jan 09, 2024 04:03 AM EST

Hewlett Packard Enterprise in Talks to Acquire Juniper Networks for $13 Billion

According to a source familiar with the negotiations, Hewlett Packard Enterprise is in talks to acquire Juniper Networks , valuing the network gear manufacturer at around $13 billion.

Jan 09, 2024 04:40 AM EST