Markets : Money Times

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.

Santa Rally Turns Sleigh Swerve? Economic Jitters Threaten High-Flying Market

The Federal Reserve is getting closer to its target of getting inflation back to 2%, according to inflation figures released on Friday. This puts the central bank on the path to lowering interest rates.

Dec 26, 2023 09:23 AM EST

Stringent Laws Put Vaping Businesses on Thin Ice

There is a reckoning coming for the vaping industry. Concerned about the growth in youth vaping and nonsmokers developing addictions, governments are moving to prohibit the sale of disposable vaporizers.

Dec 26, 2023 04:59 AM EST

El Niño's Weather Woes Could Make Your Holiday Desserts Costly

A specialized agricultural and agribusiness bank predicts that customers will likely see a massive price increase for raw commodities affected by El Niño in 2023. Thus far this year, soft commodities have seen enormous gains.

Dec 25, 2023 09:38 PM EST

Dow Swings Wildly, Closing Sharply Lower in Sudden Turnaround

Stocks in the United States finished down on Wednesday after a sharp mid-afternoon drop stopped Wall Street's remarkable run, which had been fueled by lowering interest rates and the Federal Reserve's dovish tilt.

Dec 20, 2023 10:25 PM EST

Goldman Sachs Struggles to Exit Apple Credit Card Partnership

Four years after launching a credit card with Apple, Goldman Sachs is facing an expensive exit from a collaboration that rival lenders perceive as too dangerous and unproductive.

Dec 19, 2023 04:58 AM EST

Amazon Seeks Sports Content Boost with Potential Investment in Diamond Sports

The Wall Street Journal reported on Monday that Amazon is in discussions to invest in regional sports programming company Diamond Sports, a move that would enhance the e-commerce giant's ambitious drive into sports entertainment.

Dec 18, 2023 09:41 PM EST

US Production Squeezes Brent, Goldman Forecasts Lower Prices Down the Road

Goldman Sachs said that robust US production will limit any increase in oil prices, lowering its price projection for Brent crude by $10 per barrel to between $70 and $90 in 2024.

Dec 18, 2023 09:50 AM EST

10-Year Treasury Yield Slip Further After Fed’s ‘Big Shift’

Monday marked the start of the last full trading week of 2023, and the yield on the 10-year Treasury note continued to decline.

Dec 18, 2023 06:38 AM EST

US Inflation Fuels $100 Million Gold Rush at Costco, Bars Disappear in Hours

Profits from Costco's gold rush are substantial, as revealed during an earnings call on Thursday when the membership-based wholesale retailer sold an astounding $100 million worth of one-ounce gold bars in the previous quarter. Customers snatched up the gold, which sold out in hours despite ongoing inflation.

Dec 16, 2023 10:50 AM EST

SEC Blocks Crypto Rules, Coinbase Throws Down the Gauntlet

On Friday, Coinbase Global submitted a petition to the U.S. Securities and Exchange Commission requesting new regulations for the digital asset industry. The largest cryptocurrency exchange in the nation said that it will file a lawsuit against the decision.

Dec 16, 2023 10:10 AM EST

US Markets Rocket Forward, Dow Inches Closer to Uncharted Territory

US stock futures increased on Friday, as optimism over potential deeper and earlier interest rate reduction continued to drive the Dow toward a new high for the third consecutive day.

Dec 15, 2023 11:10 AM EST

Wall Street Cheers as Fed Takes Pause, But Eyes Bumpy Economic Landing Next Year

U.S. equities are poised to reach new highs as a result of the Federal Reserve's dovish stance, but some investors are concerned that the market may be moving too quickly given the uncertain outlook for the economy and corporate earnings.

Dec 14, 2023 07:23 AM EST