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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.

Adidas Ends IAAF Sponsorship Over Dopping Scandal

The German sportswear and apparel giant ends sponsorship with the International Association of Athletics Federation (IAAF). Adidas decided to terminate the contract because of continuous doping scandal and corruption.

Jan 25, 2016 08:48 AM EST

AmEx to slash cost by $1bn by 2017

Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.

Jan 25, 2016 08:44 AM EST

Takata to meet major customers to discuss business forecasts

Takata Corp is reportedly planning to meet its major clients in order to discuss its business forecasts. The US transport authorities announced a fresh recall of about 5 million vehicles subsequent to the recent death caused by the Japanese firm's airbag inflators.

Jan 25, 2016 08:28 AM EST

Part of Saudi Aramco’s Shares May Be Offered For International Investors

Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.

Jan 25, 2016 08:25 AM EST

Deezer raises $109 million despite cancelling its IPO plan

Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.

Jan 21, 2016 08:08 PM EST

For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices

The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.

Jan 21, 2016 07:31 PM EST

Tullow Oil Plc Expects a Revenue of $1.6 Bln for 2015, 28% lower than 2014

Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.

Jan 18, 2016 09:57 PM EST

Woolworths considers pulling out of Masters, following a Lowe’s buyout

The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.

Jan 18, 2016 09:39 PM EST