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We’re now towards the end of the second-quarter earnings season. Last week several key companies reported their quarterly performance and the chief executives told us how their company’s performed and how they saw the economy. Hotel operator Marriott posted a wider-than-expected loss of $234m in the second quarter while its revenues plunged 72% year over…
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Bridgewater Associates, which is led co-chairman by Ray Dalio invested over $400m in gold in the second quarter. While the yellow metal has come off their record highs, it is still among the best performing asset class this year, rising more than a quarter, with some forecasting prices to double over the next two or…
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Gold prices could top $4,000 per ounce level over the next three years, according to analysts — but they add two factors could stop the yellow metal’s surge. Gold prices have surged during the pandemic rising almost 36% for the year. Last week, it breached its all-time highs that it hit in 2011 and rose…
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Donald Trump (pictured) has lit a fire under Microsoft to complete its takeover of TikTok after signing an executive order late on Thursday that bans Americans from dealing with the Chinese social media network. The order comes into effect in 45 days. The US president signed the document, which applies to ByteDance owned TikTok and…
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Auto stocks suffered badly this year as production was shut down for weeks due to the coronavirus pandemic, but even though output has restarted, traders are advising investors not to get their motors running. On Tuesday, Ford made a surprise announcement that chief executive Jim Hackett would retire in October and Jim Farley (pictured), the…
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Exchange-traded funds (ETFs) now hold more gold than any country in the world apart from the US as the price of yellow metal broke through $2,000. Investors have flocked to these financial vehicles, which hold gold either through derivative products such as futures and options or by buying bullion directly, as the price of gold…
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Chinese electric car maker Xpeng Motors has raised $400m ahead of an initial public offering (IPO) in New York later this year. The Tesla rival has attracted funds from existing investors Chinese tech giant Alibaba and sovereign wealth fund Qatar Investment Authority, as well as new cash from Abu Dhabi’s wealth fund Mubadala. That expands…
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Traders who have so far missed the strong rally seen by gold this year can still jump aboard, according to analysts. Craig Johnson from Piper Sandler and Nancy Tengler, chief investment officer at Laffer Tengler Investments, agree that gold’s surge is here to stay as investors feel attracted to the precious metal not just as…
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The dollar has been the world’s dominant currency since the First World War, but slides in its buying power as the US central bank swells its balance sheet as a result of the pandemic has accelerated talk about how long the greenback will be seen as the leading long-term store of value. Last year, global…
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Shares in Microsoft have lifted since it was revealed that the software giant is in talks to buy China’s TikTok in a potential mega-deal that will come under intense scrutiny from the White House. Microsoft said it is “committed to acquiring TikTok” in a statement on Sunday, following talks between US President Donald Trump and…
