Tag: technology

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

Published on: January 31, 2025, 07:01 PM UTC

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

Published on: January 31, 2025, 07:00 PM UTC

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.

Published on: January 31, 2025, 06:04 PM UTC

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.

Published on: January 31, 2025, 06:04 PM UTC

Ford CEO Jim Farley believes the company is set up to withstand possible tariffs due to its large US manufacturing footprint. He also discusses Ford's EV plans and the potential impact of policy changes on the auto industry.

Published on: January 31, 2025, 06:03 PM UTC

Brinker International CEO Kevin Hochman shares the secrets behind Chili's incredible 348% stock gain, including a focus on value marketing, higher-quality food, and innovation in menu items and cooking equipment.

Published on: January 31, 2025, 06:03 PM UTC

Fresh data reinforces the Federal Reserve's wait-and-see approach to interest rates, as inflation stays sticky in December. The core Personal Consumption Expenditures (PCE) index remains at 2.8% year-over-year, while monthly PCE rises 0.2%.

Published on: January 31, 2025, 05:01 PM UTC

Gold prices rise as Goldman Sachs analysts predict a surge in demand due to potential US tariffs, reiterating their bullish outlook with a $3,000 per troy ounce forecast.

Published on: January 31, 2025, 05:01 PM UTC

Despite the emergence of DeepSeek, investors believe the "Magnificent Seven" US tech giants will maintain their dominance. A Bloomberg survey shows 88% expect DeepSeek's latest AI model to have minimal impact on tech stocks. Investors view Trump's policies as the primary driver of equity volatility. Despite the Monday selloff, tech remains bullish on its AI競爭力. US value stocks are gaining traction as an alternative to tech, with 39% of survey respondents favoring them.

Published on: January 31, 2025, 05:01 PM UTC

US stocks rose on Friday, boosted by strong earnings from Apple and data showing that inflation remains under control. Apple shares jumped after the company beat profit expectations in its first quarter, despite a decline in iPhone sales. The tech-heavy Nasdaq Composite climbed 1.44%, while the S&P 500 gained 0.78% and the Dow Jones Industrial Average was little changed. Investors also kept an eye on a looming tariff deadline, with President Donald Trump threatening to impose duties on Canada and Mexico.

Published on: January 31, 2025, 04:02 PM UTC