Ray Dalio believes gold deserves a significant portion of one’s portfolio, saying the precious metal is still appealing even at record highs. “Gold is an effective diversifier, meaning that if you take the classic mix of assets, and you have a particular problem, an optimal portfolio would have something more than about 10% in it,” […]
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion. Spot gold gained […]
Federal Reserve Bank Chair Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve’s Semi-Annual Monetary Policy Report at the U.S. Capitol on July 10, 2024 in Washington, DC. Bonnie Cash | Getty Images Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now […]
Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City. Spencer Platt | Getty Images Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to lead the bull market on hopes interest rate cuts will […]
A delivery driver takes a break in the shade during high temperatures in Philadelphia on June 21, 2024. Joseph Lamberti/Bloomberg via Getty Images Many Americans think they’re insulated from the effects of global warming. But climate change is already having negative and broad impacts on household finances, according to experts. Just to give a few […]
Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Microsoft’s hiring of certain former employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K. Britain’s […]
Check out the companies making headlines before the bell. Morgan Stanley — The bank stock fell more than 2% in premarket trading even after the firm’s second-quarter results beat Wall Street estimates thanks to strong performance in trading and investment banking. The bank said profit surged 41% from the year-earlier period, helped by a rebound […]
Craig Wright, self-declared inventor of Bitcoin, arrives at federal court in West Palm Beach, Florida, U.S., on Friday, June 28, 2019. Saul Martinez | Bloomberg | Getty Images LONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on Tuesday referred to British prosecutors for committing alleged perjury. On […]
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images Morgan Stanley reported second-quarter earnings before the opening bell Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings: […]
CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America […]
