Author: News Room
Gold futures finished a bit lower on Wednesday after posting back-to-back session gains that lifted prices to within 2% of their record settlement high. Weaker than expected U.S. economic data fueled expectations for a recession, supporting the precious metal’s appeal as a haven investment, analysts said. Price action The June gold contract GC00, +0.13% GCM23, +0.13% declined by $2.60, or 0.1%, to settle at $2,035.60 an ounce on Comex after trading as high as $2,049.20. Prices on Tuesday ended at the highest level since early March of last year. The record-high settlement based on the most-active contracts stands at $2,069.40…
Taiwan Semiconductor Manufacturing reported its first drop in monthly revenue in almost four years as macroeconomic headwinds hit the world’s largest maker of computer chips, putting the group’s first-quarter earnings due April 20 in the spotlight. TSMC (ticker: TSM) reported revenue of 145.4 billion Taiwanese dollars in March ($4.8 billion), down 11% from February and falling 15% from March 2022. It’s the first annual drop in monthly revenue since May 2019, according to Dow Jones Newswires. The chip making giant flagged in January that “as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued…
Former President Donald Trump is expected to be back in New York City to face another legal battle Thursday – this time in a civil lawsuit filed by New York Attorney General Letitia James, multiple sources told CNN. Trump is scheduled to sit for another deposition for the suit brought against him, his children and Trump Organization, alleging they were involved in an expansive scheme lasting over a decade by providing false financial statements to lenders and others that the former president used to enrich himself. Trump sat for a deposition for the case in August 2022, when he refused…
Israel’s prime minister Benjamin Netanyahu has reversed his decision to fire defence minister Yoav Gallant, amid deteriorating security that has left the country battling threats on multiple fronts.Netanyahu originally said two weeks ago he would sack Gallant after the defence minister spoke out against the government’s controversial plans to weaken the powers of the judiciary. The minister warned that the deep polarisation caused by the proposals was undermining Israeli security.Netanyahu’s decision sparked mass protests and a shortlived general strike that closed banks, shopping malls and even Israel’s international Ben Gurion airport, forcing Netanyahu to back down and postpone the bulk…
Artificial Intelligence emotion is spiking technology stocks higher and helping Nvidia Corporation (NASDAQ:NVDA) become more overvalued and overbought. It has our proprietary Buy Signal, but we like to buy on weakness, during a pullback in the market or the stock price. We have two Timing signals that will be triggered when that happens. We like stocks that have both our Buy Signal and a pullback in price. We currently have about 40 stocks in the Index that have our proprietary Stocks In Demand, SID Buy Signal which uses both fundamentals and technicals. (We will be happy to send you that…
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The Bitcoin price jumped back into the $29,000s on Monday and, according to some exchanges, hit its highest level since June 2022 in the $29,300s (some exchanges had the BTC price remaining just below its February 24 high).Though volumes remain lower than usual for a Monday given the closure of most major traditional asset markets in Europe and the Americas for the Easter holiday, Bitcoin is nonetheless on course to post its largest one-day gain in nearly two weeks.At the time of writing, BTC was last changing hands in the $29,200s, up over 3% on the day with slightly over…
Under Elon Musk, Twitter has antagonized multiple major news organizations by labeling them state-funded media, appears to have eased restrictions on Russian government accounts and made crude jokes on the front of its headquarters and on Musk’s own Twitter display name. And that’s just this weekend. Musk’s antics, which only seem to have escalated this month, threaten to further erode Twitter’s brand value. For months, the company has struggled to retain advertisers and supplement its declining ad business — which previously comprised 90% of its annual revenue — by convincing users to pay up for its Twitter Blue subscription service.…
The FBI recently warned consumers against using free public charging stations, saying crooks have managed to hijack public chargers that can infect devices with malware, or software that can give hackers access to your phone, tablet or computer.”Avoid using free charging stations in airports, hotels or shopping centers,” a tweet from the FBI’s Denver field office said. “Bad actors have figured out ways to use public USB ports to introduce malware and monitoring software onto devices. Carry your own charger and USB cord and use an electrical outlet instead.”The FBI offers similar guidance on its website to avoid public chargers.…
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money.Chi Baik has never earned as little income as she does today — or had higher living expenses.The 26-year-old recently halved her $60,000 salary as a teacher outside Washington, D.C., to move to Seattle for a Ph.D. program, where she lives on a roughly $27,000 in yearly income. She used to pay $800 to split a townhouse with friends, but now spends $1,157 for 240-square-foot micro-studio.”I didn’t even know they made apartments this tiny,” Baik tells CNBC Make It.Money…
