Tag: travel

Gold is up over 11% year-to-date, driven by factors including central bank buying, geopolitical risks, and uncertainty over US tariffs. Additionally, a price disparity between the US and London has incentivized the shipment of physical gold into New York, further boosting prices. Analysts predict continued gains for gold this year, with Goldman Sachs raising its year-end forecast to $3,100 per troy ounce.

Published on: February 21, 2025, 10:01 PM UTC

RE/MAX stock drops after disappointing Q4 results. Revenue guidance misses and EBITDA falls short of expectations, leading to a 11.9% decline.

Published on: February 21, 2025, 09:04 PM UTC

Reddit stock (RDDT) has plunged 19% after earnings, despite beating EPS estimates. Traffic from Google Search has recovered, but user growth has declined. CEO Steve Huffman and his trust recently sold $70.5 million worth of shares. The US Federal Trade Commission is investigating Reddit's moderation policies.

Published on: February 21, 2025, 09:03 PM UTC

The Trump administration's "DOGE commission," led by Elon Musk, aims to slash government costs by $500 billion annually. While this could lead to a $5,000 "DOGE dividend" for taxpayers, it's also likely to increase the national debt by $4 trillion, resulting in an extra $12,000 debt per American.

Published on: February 21, 2025, 07:01 PM UTC

A federal judge appoints a conservative lawyer to review the dismissal of corruption charges against New York Mayor Eric Adams, casting further doubt on his political future.

Published on: February 21, 2025, 07:00 PM UTC

Europe's defense spending surge amid US uncertainty fuels investor interest in defense stocks. The STOXX Europe Total Market Aerospace & Defense index has reached an all-time high, with companies like Rheinmetall, Thales, and Leonardo seeing significant gains. Investors anticipate increased revenues as European countries ramp up military spending to enhance their security.

Published on: February 21, 2025, 06:04 PM UTC

The "Magnificent Seven" tech stocks have had mixed results in 2025, with only Meta outperforming the S&P 500. Valuations for these stocks remain high, with Tesla trading at 121 times estimated forward earnings. Despite their popularity, experts advise diversification and caution due to uncertain future growth prospects.

Published on: February 21, 2025, 06:03 PM UTC

The Bank of Canada is reviewing its monetary policy framework, but Governor Tiff Macklem suggests officials will likely reaffirm the 2% inflation target. The bank will consider a "richer" playbook for handling supply shocks and examine whether its core inflation gauges remain appropriate in a more volatile world. The bank may also pay more attention to the housing market in setting policy. A US-Canada tariff war would hurt the Canadian economy, with output plunging nearly 3% over two years.

Published on: February 21, 2025, 06:00 PM UTC

Elon Musk proposes auditing the Federal Reserve, sparking debate about central bank transparency and political influence.

Published on: February 21, 2025, 05:02 PM UTC

American consumers have a dimming outlook on the economy in February as uncertainty related to Trump's trade policy lifted inflation expectations sharply higher for the second straight month.

Published on: February 21, 2025, 05:01 PM UTC