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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.

Brazil's unemployment rate down 7.5% November, surprising analysts

Brazil's unemployment rate went down 7.5 percent in November, whichis lower than the 8 percent that 37 analysts from Bloomberg expected.

Dec 19, 2015 01:56 AM EST

Cerberus closing in acquisition deal on Avon's North American business

Cerberus Capital Management LP is closing in on a $170 million deal to buy Avon Products Inc.’s ailing North America business.

Dec 19, 2015 01:09 AM EST

AstraZeneca to buy 55 percent of Acerta for $4 billion, gain access to new blood cancer treatment

AstraZeneca Plc agreed on a deal to buy 55 percent of Acerta Pharma for $4 billion to gain access to a potentially hit treatment for blood cancer called Acalabrutinib.

Dec 19, 2015 12:42 AM EST

Gillette is suing the Dolar Shave Club

Gillette filed a patent lawsuit Thursday against Dollar Shave Club Inc. The company is seeking both damages and an injunction to stop the club from selling razors that violated its copyright.

Dec 22, 2015 07:38 AM EST

Black Lives Matter & Mall of America in Loggerheads: One Fights For Causes, Another Secures Property

Black Lives Matter, a rights organization, appears in loggerheads with the Mall of America, while announcing a rally on next Wednesday at the latter’s premises unlike previous year, protesting the gruesome killing of Jamar Clerk, a black youth of 24 years, allegedly due to the shooting of two Minneapolis police officer. Since the mall is private property, so authority of the mall, empowered with related court order, vows to protect its guests even through dispersing the protesters.

Dec 18, 2015 05:50 AM EST

Oil slips below $35 on worsening supply glut

Oil price fell further and was trading below $35 a barrel on worsening the oversupply. The latest decision by US Federal Reserve to hike interest rate is also making oil expensive for weaker economies. The surging US dollar is further putting pressure on oil price.

Dec 21, 2015 07:48 AM EST

Tesla CEO Musk suggests California to push Volkswagen to electric cars

The automobile industry leaders and experts have written a letter to California regulator asking it to confine Volkswagen to making of electric vehicles only as a punishment for cheating the customers and violating the US emissions laws. Tesla CEO Elon Musk and others signed the letter. They opine that fixing the software involves lots of money and could also lead to technical problems further.

Dec 21, 2015 05:49 AM EST

Packer is in discussion to take Crown's assets private

James Packer’s Consolidated Press Holdings is in speculation that it was going to team up with private equity and take parts of Crown Resorts private. The circulated news cause its share price to soar higher and was query by the Australian Stock Exchange.

Dec 21, 2015 01:25 AM EST

Amazon Shuns Selling Hoverboards: Fire Risk Demands for Stringent Implementation of Consumer Act

Amazon, the online sales store has decided to shun selling of self balancing scooters or hoverboards after Trading Standard, Product Safety watchdog confiscated some 15,000 hoverboards, those have been brought to UK for selling. Non compliant UK plugs, faulty chargers and cables have caused fire incidences in UK, USA and Hong Kong. Moreover, faulty design containing lithium ion- powered battery emits radiation that may cause fire and so aircraft have also slapped ban on carrying any sort of self driving scooters.

Dec 18, 2015 05:41 AM EST