Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
Glencore hands $7.1B to shareholders after record profit
Glencore had one of its greatest years on record, cutting debt to $75 million from $6 billion, and returning $7.1 billion to shareholders, as demand soars.
Are ETFs a hedge for inflation?
Exchange-traded funds can be used as a hedge for retail and institutional investors during economic downturn and inflation.
Newmont makes $16.9B bid for Australia gold producer
The Newmont Corporation has made an indicative $16.9 billion takeover offer for Australia's top goldminer Newcrest Mining to combine the goldmining companies’ assets in China and Australia.
The markets and the New Year holiday
There will be no trading in stocks or bonds on Monday as Wall Street observes the New Year holiday.
Oil prices are up, are refinery shutdowns to blame?
A winter storm over a large swath of the U.S. is being blamed for oil refinery shutdown in Houston and spiking crude prices
BHP, world’s top miner, nears biggest acquisition in a decade
BHP predicts that demand for copper – an excellent conductor of electricity and has wide-ranging uses including in construction and electronics – will double in the next three decades.
Oil market faces ‘considerable uncertainties,’ OPEC warns
OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.
Betting on elections could return to US in time for midterms, if regulators approve
Kalshi’s request to operate a regulated market comes as sports betting and other forms of gambling have come to many more states. The CFTC has no definition of "gaming."
Diamond trading firm crafts gemstones into a commodity
Diamond Standard hopes their product, a diamond coin and bar, and its use of ETFs and blockchain will help stabilize and democratize the diamond market.
Oil expert explains the only 'concrete action' Biden admin took to lower gas prices
Lipow Oil Associates President Andy Lipow explained on 'Mornings with Maria,' Monday, the only 'substantive action' the Biden administration has taken to try and alleviate gas prices for Americans.
Kansas seed business in 'no man's land' amid soaring wheat prices
Ehmke Seed owners Vance and Louise Ehmke explained why they are in “no man's land” as it pertains to selling wheat amid the war between Russia and Ukraine, both major suppliers of the commodity.
Metal prices hit record highs, costs of consumer goods to rise
Metal prices are surging to record highs as the commodities remain in short supply exacerbated by the war in Ukraine.
Wheat prices hit 14-year high, food shortage fears rise
The market volatility and potential disruptions in exports in supply of commodities such as wheat and corn are adding more strain to farmers who are bearing costs from ongoing supply chain snarls.
Gold futures climb 4% for week as Russia-Ukraine war continues
Gold futures climbed Sunday, posting a weekly gain of more than 4%. Anxieties grew after the latest Russian assault in Ukraine saw Putin's forces take over Ukraine's largest nuclear power facility following shelling that started a fire at the plant.
Fiscal stimulus has US economy on 'sugar high', market expert says
Barry Bannister analyzes the stock market ahead of second quarter GDP and jobless claim reports.
US stock futures edge higher to start the week
U.S. stock futures edged up to start the week after the S&P 500 hit another record close and notched its third consecutive week of gains.
Lumber prices bounce back after bruising 7-day selloff
Lumber futures are trading higher Wednesday for the first in eight days as buyers emerge following a bruising seven-day selloff that dropped prices by as much as 29%.
Home construction may hit skids as new supply shortage looms
A shortage of a critical part used to build basements in new homes threatens to bring new construction to a standstill, delivering the latest blow to an industry that has been squeezed by rising mortgage rates and a lumber deficiency.