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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.

Toshiba Restructuring is Backed By Public Fund

Japanese government prepared a state-backed fund to help Toshiba restructure its business.

Dec 31, 2015 01:05 AM EST

Toys R Us Closed Its Manhattan Flagship Store

Toys R Us closed its Times Square flagship store on Wednesday. The company is looking for a location for new store in Manhattan area.

Dec 31, 2015 12:49 AM EST

Spotify Was Sued $150 Million For Unpaid Royalties

Spotify the music streaming company is facing a $150 million class action suit from musicians over unpaid royalties

Dec 30, 2015 11:57 PM EST

Walter Energy wins court approval to stop paying retiree benefits

A federal judge published a ruling that approve the bankrupt U.S. company Walter Energy to stop paying retiree benefits to its employees and move forward to sell its assets.

Dec 30, 2015 03:09 AM EST

Energy investors hope forecasts by Saudi, Iran to go wrong

Energy investors and analysts feel that the price forecasts of Saudi Arabia and Iran are wrong. The realistic oil price may be $20 a barrel in short term if present oversupply persists. Saudi Arabia sees oil price at $29 a barrel and Iran at $40 in the near term. Saudi Arabia has slashed down its budget spending for 2016.

Dec 29, 2015 11:47 PM EST

Japanese steel output to remain flat in 2016, exports to soften

The steel inventories rose despite production cuts. The weakening demand is causing oversupply situation. The steel production levels may remain steady next year also. The iron and steel companies are suffering from decline in demand and rising inventories.

Dec 29, 2015 11:30 PM EST

All Samsung HDTV Will Be Internet of Things Ready in 2016

Samsung announced that all of its HDTV products will be Internet of Things (IoT) ready as the company equipped the entire product with SmartThings hub.

Dec 29, 2015 07:04 PM EST

Oil recovery in 2016 will strengthen Loonie

Analysts predict that oil prices may recover in 2016. This will also strengthen Canadian dollar Loonie. The commodity currency Loonie fell 20 percent against the US dollar throughout 2015.

Dec 29, 2015 09:14 AM EST

Elbit lands $70 million deal for airborne electronic warfare system

Israeli defense firm Elbit System was awarded a $70 million deal by the Directorate of Production and Procurement of the Israeli Ministry of Defense to supply airborne electronic warfare systems. Elbit will install its electronic warfare systems on Israeli Air Force jets over the next five years.

Dec 29, 2015 08:58 AM EST

Evergrande buys a series of new projects from New World China

Evergrande Real Estate Group Ltd. will buy $3.2 billion worth of projects from the Hong Kong billionaire Cheng Yu-Tung’s family-controlled companies.

Dec 29, 2015 09:12 AM EST

Volkswagen's Audi slows down spending plan 2016

German auto major Volkswagen has trimmed its investment plan for 2016. It has also decided to postpone the new wind tunnel project by one year. Audi division has decided to invest in plant and equipment.

Dec 29, 2015 08:36 AM EST