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Stocks

“Globe Life shares rebound 20% after plummeting more than 50% Thursday”

“Shares of Globe Life rebounded 20% Friday after sinking 53% Thursday following a short seller report alleging multiple instances of insurance fraud…” https://www.cnbc.com/2024/04/12/globe-life-shares-rebound-after-plummeting-over-50percent-thursday.html Following controversy is a good way to make money in stocks. The only problem is getting to the stock early enough. Scandals are… Continue Reading…

Precious Metals

“Gold Futures Hit New Record on Central Bank Buying, Safe-Haven Demand”

“Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions. June futures on the New York Mercantile Exchange were recently up 1.7% at $2,413.5 a troy ounce, having hit a… Continue Reading…

Stocks

“Vertex Pharmaceuticals to Acquire Alpine Immune Sciences for $4.9 Billion”

“Vertex Pharmaceuticals VRTX -0.02%decrease; red down pointing triangle has agreed to acquire Alpine Immune Sciences ALPN -0.01%decrease; red down pointing triangle for $4.9 billion in cash, bolstering its portfolio on kidney diseases as deals in biotechnology continue to heat up. The companies said Wednesday that Vertex would… Continue Reading…

Business, Economy

“New EPA limits on ‘forever chemicals’ in drinking water could cost $1.5 billion per year to implement”

“… …” https://www.cnbc.com/2024/04/10/forever-chemical-pfas-pfos-regulation-to-cost-1point5-billion-annually-.html This is one time the cost is worth it. The alternative is cancer causing chemicals. No thanks.

Cryptocurrencies

“Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says”

“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving. “Given that… Continue Reading…

Energy

“Hot oil summer: Soaring prices threaten consumers and Biden”

“…The big picture: Average gas prices are up 24 cents per gallon over the last month to $3.63, per AAA, and summer driving demand typically puts more upward pressure on costs. Threat level: The Middle East crisis has already pushed up oil… Continue Reading…

Business

“Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo”

“Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down around 3% on Monday morning… Tesla shares have taken a bruising in recent months, falling… Continue Reading…

Business, Economy, Energy

“Volkswagen electric car sales plunge as Europe returns to petrol”

“Sales of Volkswagen electric cars have plunged by almost a quarter in Europe as demand for battery-powered vehicles stalls and buyers return to petrol… Globally, all-electric sales at the owner of Audi, Skoda and Porsche dropped by 3pc to 136,400, while… Continue Reading…

Business

“Paris Olympics on track to hit NBC ad sales record…”

“…Comcast-owned NBCU said on Tuesday it has sold $1.2 billion in advertising for the Paris games and is on track to achieve a new sales record in Olympic history. The company paid $7.65 billion to renew its broadcast rights deal… Continue Reading…