Author: Press Room
monsitj/iStock via Getty Images Investors rushed back into the popular SPDR Gold Shares ETF (NYSEARCA:GLD) with net inflows of more than $1B in November, as gold prices rallied to record highs on expectations that the Federal Reserve could start cutting interest rates as early as March. The $57.8B fund is up nearly 11% this year, but still lags the broader S&P 500, which has jumped nearly 20% YTD. The fund ended November with a 2.5% gain but fell 2.1% on Monday, as Comex gold (XAUUSD:CUR) for February delivery closed -2.3% to $2,042.20/oz after settling Friday at all-time high of $2,089.70…
Chris Christie, the former governor of New Jersey, has traveled the world in his quest to stop Donald J. Trump’s march to the Republican nomination. In New Hampshire living rooms as well as the charred homes of Israeli families killed by Hamas, he has assailed the former president as being unfit to lead, antidemocratic and an aspiring dictator.But now, six months into Mr. Christie’s presidential primary bid, Republicans who share his goal of defeating Mr. Trump are suggesting an entirely different approach for the long-shot candidate.Quitting.Republican donors, strategists and pundits are publicly pressuring Mr. Christie to follow the lead of…
Southern Bancorp CEO Darrin Williams reveals his strategy for doubling the bank in the next five years, and why he’s targeting urban and affluent consumers.
WHO urges Israel to withdraw evacuation order for Gaza medical warehouse
© Reuters. FILE PHOTO: A house with a sold real estate sign on it in a neighbourhood of Ottawa, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File Photo By Hari Kishan BENGALURU (Reuters) – Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand and tight supply overshadow higher interest rates, a Reuters poll found. Home prices across the developed world have defied analysts’ expectations, as they predicted at the start of the year prices would register double-digit falls from COVID-19-era peaks. In…
© Reuters. FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon//File Photo By David Carnevali NEW YORK (Reuters) -Private equity firm Blackstone (NYSE:) is exploring the sale of Anthos Therapeutics, a developer of a new generation of blood thinners it launched four years ago with backing from Novartis (SIX:), according to people familiar with the matter. Anthos, which does not yet have any approved products or generate revenue, could be worth several billion dollars in a potential sale, significantly more than the $250 million Blackstone invested when it founded…
© Reuters. Smoke rises from chimneys at a factory in the port of Dunkirk, France January 19, 2023. REUTERS/Yves Herman/File photo By Kate Abnett DUBAI (Reuters) – Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued in 2023 due to a slight drop from uses of land like deforestation. Countries are expected to emit…
TomasSereda/iStock via Getty Images Australia’s Evolution Mining (OTCPK:CAHPF) said Monday it plans to raise A$525M (~US$347M) in equity to acquire an 80% stake in the Northparkes copper-gold mine in New South Wales from Chinese miner CMOC Group for as much as US$475M. Evolution (OTCPK:CAHPF) said it will fund the acquisition via a A$525M fully underwritten institutional placement and a new A$200M five-year term debt facility. The purchase will include an upfront payment of US$400M and up to US$75M in combined further payments linked to market prices, the company said. Japan’s Sumitomo Corp. (OTCPK:SSUMF) (OTCPK:SSUMY) and Sumitomo Metal Mining (OTCPK:SMMYY) will…
White House press secretary Karine Jean-Pierre refused Monday to condemn comments from a top progressive lawmaker who called for “balance” when condemning Hamas’ use of sexual violence against Israeli women.Rep. Pramila Jayapal, D-Wash., who chairs the Congressional Progressive Caucus, said “we have to be balanced about bringing in the outrages against Palestinian” when asked specifically about mass rape committed by Palestinian militants, during an interview Sunday with CNN. When asked about Jayapal’s comments, Jean-Pierre reiterated that using rape as a weapon of war was “reprehensible,” but stopped short of condemning the congresswoman.”I can only speak for the president — that’s…
When you buy through our links, Insider may earn an affiliate commission. Learn moreThe Meta Quest 3 is poised to be one of the most highly requested gaming platforms this holiday season. It’s the sequel to the insanely popular Oculus Quest 2, which made waves with its ability to deliver a quality VR gaming experience in a standalone design at an approachable price point.The Meta Quest 3 deals we’e seeing right now don’t shave much off the retail price, but some retailers are throwing in freebies to get you in the door. Read on for the best Meta Quest 3…