The gold price was back in action this week, breaking above the US$4,200 per ounce level after spending about two weeks trading at lower price points. Silver was on the rise again as well, pushing briefly past US$54 per ounce. Both precious metals saw their biggest gains midway through the…
Mike Maloney, founder of GoldSilver.com, explains why this time really is different for gold and silver, pointing to factors including growing mainstream adoption. ‘This to me signals the beginning of the third and final phase of the bull market — and that is where you have the greatest amount of…
Dana Samuelson, president of American Gold Exchange, discusses this year’s unusual market dynamics for gold and silver, saying there have been three big moves of physical metal. ‘To me, this is literally a run on the bank of gold globally — it’s global, it’s widespread and it’s deep, and I…
More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company. The strike was intended to disrupt Starbucks’ Red Cup Day, which is typically one of the company’s busiest days of the year. Since 2018,…
Political gridlock, corporate shifts, and tech developments shape today’s major stories in the US and beyond.Washington may have reopened after the shutdown, but the partisan divide behind it is still disrupting everything from climate policy to ESG rules.In the tech and business world, Tesla edges closer to long-awaited CarPlay support,…
Verizon Communications is preparing to eliminate roughly 15,000 jobs, which will become the largest round of layoffs in its history, as part of a sweeping cost-cutting effort aimed at improving efficiency and addressing slowing growth in its wireless and home internet businesses, according to a WSJ report.The cuts, which represent…
Professional investors are taking profits as the US stock market extends its record-setting run, leaving retail traders to carry much of the momentum in the ongoing bull market. But even the resilience of retail investors is slowing down, said Bank of America (BofA)According to client-flow data from BofA, hedge funds…
US President Donald Trump signed a funding bill late on Wednesday to officially end the 43-day government shutdown, restoring operations across federal agencies.For investors, though, the reopening hasn’t brought the clarity they hoped for. According to White House officials, unemployment and inflation data for October will not be released at…
US saw a variety of announcements on Thursday. Ranging from electric vehicles and entertainment to cybersecurity and aerospace manufacturing. Tesla faced renewed pressure following a product recall, Disney continued its strategic pivot toward digital growth, Anthropic uncovered a landmark AI-driven cyberattack, and Boeing ended a months-long labor strike at its…
India’s ambitious foray into the green hydrogen economy is currently facing significant headwinds, with a recent assessment from a US-based energy think tank highlighting critical impediments to its progress. The core of the problem lies in the disappointingly slow pace of project commissioning.This sluggishness is primarily attributed to a dual challenge:…