In the world of economic indicators, gold often acts as a barometer of financial health. As various sectors of the economy showcase their demand patterns for this precious metal, astute observers can glean insights about broader economic trends. While recent labor market reports and GDP growth suggest resilience in the U.S. economy, subdued indicators are...
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August 12, 2023August 12, 2023Investments
Why CEOs And PhDs Are Bad Investors
I’m convinced most people are hardwired to be terrible investors. Even very smart people who are extremely successful in other walks of life – doctors, CEOs, PhDs – are often bad at investing. Think about this: If you put just $1,000 into the S&P 500 in 1950, you’d have $2.2 million today. I’m not saying...
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August 12, 2023August 12, 2023Investments
After No Recession In 45 Years – Will China’s Winning Streak End This Year?
For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: August 8, or 8-8, is the luckiest day of the year in China, since 8 is pronounced “ba” in Mandarin – sounding much like the word for “fortune” or “prosperity,” making 8 an auspicious number. Doubling or tripling your eights...
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August 12, 2023August 12, 2023Worldwide
Retailers are shaping a wave of laws to crack down on organized theft — here’s how they do it
Nine states have passed laws addressing organized retail crime and Congress is considering federal action. Experts say the new laws may not reduce crime.
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August 12, 2023August 12, 2023Worldwide
Nvidia’s AI-driven stock surge pushed earnings multiple three times higher than Tesla’s
Nvidia’s graphics chips have proven to be the best for training artificial intelligence models, and clients can’t get enough of them.
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August 12, 2023August 12, 2023Worldwide
‘Bulletproof’ hosting site that allegedly enabled 400 ransomware attacks seized, founder indicted
Prosecutors hit Polish national Artur Karol Grabowski with criminal charges over hosting LolekHosted, which allegedly helped criminals deploy ransomware.
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August 12, 2023August 12, 2023Worldwide
U.S., China agree to double weekly flights between countries
The U.S. and China will approve twice the number of passenger flights currently permitted for air carriers to fly between the two countries, the Biden administration said on Friday.
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August 12, 2023August 12, 2023Worldwide
U.S. judge sends FTX’s Sam Bankman-Fried to jail over witness tampering
Sam Bankman-Fried heads to jail after a judge sided with a request by federal prosecutors to revoke the FTX founder’s bail over alleged witness tampering.
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UBS ends Credit Suisse’s government and central bank protections
UBS’ takeover of Credit Suisse was brokered in March, amid talks with the Swiss government, the Swiss National Bank and regulator FINMA.
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Goldman Sachs-backed digital bank Starling to expand in hotly competitive Asia-Pacific market
Starling, which is backed by Goldman Sachs, is in talks with an Asian bank about launching its Engine banking-as-a-service platform in the Asia-Pacific market.