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Precious Metals

“Gold hovers near record highs. Here’s where analysts say it’s headed next.”

“…Gold futures climbed to trade just above $2,600 after touching fresh records in the prior session immediately after the Federal Reserve announced a 50 basis point rate reduction… “By cutting rates more than expected, the Fed is indirectly opening the door to… Continue Reading…

Business

“Buffett’s Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion”

“… …” https://www.cnbc.com/2024/05/06/berkshire-hathaway-gains-as-insurance-lifts-first-quarter-profit-and-cash-nears-200-billion.html That 200 billion will be used to buy up the markets after they collapse. They are waiting for the commercial real estate crisis. It’s going to affect the banks which will affect everything else.

Stocks

“1 Magnificent Dividend Stock Down 27% to Buy Right Now Near a Once-in-a-Decade Valuation”

“Unilever (NYSE: UL) is a consumer goods juggernaut that owns some of the world’s most recognizable brands, including Dove, Axe, Vaseline, Knorr, and Ben & Jerry’s… This stock is down 27% from its all-time highs, trading at a once-in-a-decade valuation, and paying… Continue Reading…

Precious Metals

“Daily Spotlight: Gold Prices Near Peak”

“When global economic conditions become unpredictable, investors often flock to gold. The yellow metal is trading above $2,100 per ounce. During the first phase of the pandemic, the spot price for an ounce of gold jumped 33% in six months… Continue Reading…

Economy

“Farmers set fires and attack barriers near EU summit as anger spreads”

“Farmers threw eggs and stones at the European Parliament on Thursday, starting fires near the building and setting off fireworks amid protests to press a summit of European Union leaders to do more to help them with taxes and rising… Continue Reading…

Business

“Samsung expected to report 80% profit plunge as losses mount at chip business”

“…The South Korean technology giant will issue earnings guidance on Wednesday. Analysts polled by LSEG expect operating profit of 2.3 trillion Korean won ($1.7 billion) for the September quarter, a 78.7% year-on-year decline. Revenue is expected to come in at… Continue Reading…

Real Estate

“Mortgage rates near 8%, an ‘inventory crisis’: Homebuyers face a ‘tricky’ market, expert says”

“…With fewer people selling their houses, she said, there is now an “inventory crisis.” “We’ve seen a crunch — our first-time homebuyers are struggling,” she added… Mortgage rates are currently approaching 8%, the highest level in decades, and have priced many first-time… Continue Reading…

Business, Economy

“Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers”

“Generally, the inventory losses are only a small fraction of the retailers’ net sales. They also pale in comparison to other factors squeezing margins, such as excessive discounting and promotions, according to a CNBC analysis of their balance sheets. While… Continue Reading…

Banking, Economy

“Turkish Inflation Nears 60%, Piling Pressure on Central Bank”

“…With food and energy costs on the rise, the pace of annual price gains soared to 58.9% last month from almost 48% in July, according to Turkey’s statistical office. The median estimate in a Bloomberg poll of economists was 55.9%.… Continue Reading…

Energy

“IEA says coal use hit an all-time high last year — and global demand will persist near record levels”

“Coal consumption increased by 3.3% to hit a fresh record high of 8.3 billion metric tons in 2022, the International Energy Agency said Thursday. According to the Paris-based organization’s Coal Market Update, demand increased “despite a weaker global economy, mainly driven… Continue Reading…