Tag: gadgets

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Goldman Reiterates Bullish Call on Gold Amid Trade War Fears

Gold futures rise to new records as Goldman Sachs analysts reiterate bullish call on precious metal, citing looming US tariffs against Mexico and Canada.

Costco Workers Prepared to Strike as Negotiated Deal Deadline Nears

Thousands of Costco workers in six states prepare for a strike as union negotiations continue

Tether Profits Soar to $13 Billion Last Year

Tether, the leading stablecoin issuer, reports a staggering $13 billion profit in 2022, surpassing major investment banks in profitability. Despite concerns about transparency, Tether claims it has over $7 billion in excess reserves and has shifted its corporate entity to El Salvador.

Trafigura Convicted in Landmark Swiss Bribery Case

Swiss court convicts commodities giant Trafigura in bribery case, imposing a $3.3 million fine and ordering the company to set aside $145 million for possible compensation claims.

UPS Cuts Amazon Business: Revenue Outlook Disappoints

UPS shares fall after company cuts ties with Amazon, focusing on more profitable business. The move is expected to impact Amazon's last-mile delivery and benefit competitors like FedEx. UPS targets higher-margin segments but faces challenges due to increased costs and a fragmented market.

Trump's Tariffs: Uncertainty clouds the economy

Trump's tariffs add uncertainty to markets as questions remain about details, including whether they will apply to oil. Analysts say tariffs could impact inflation and Fed's interest rate plans.

Trafigura Convicted of Bribery in Swiss Court, Ex-COO Jailed

Trafigura and its ex-COO convicted of bribery in Swiss court, marking a historic moment in the fight against corruption in the commodities industry.

Global Markets Rise Following Wall Street Gains

World markets mostly rose on Friday after Tesla, IBM and Meta Platforms reported strong profits. European markets opened higher after the ECB cut rates, while the Nikkei 225 rose in Tokyo after Japan's core inflation rate hit 2.5%.

Mortgage Rates Barely Move Despite Stock Market Rout

Mortgage rates show little movement despite stock market volatility and housing affordability challenges persist.

Federated Hermes Q4 Earnings Top Estimates

Federated Hermes, Inc. (FHI) reported fourth-quarter net income of $84.7 million, topping Wall Street expectations. The company also reported revenue of $424.7 million, surpassing Street forecasts.