Gold has long been considered a store of wealth, and the gold price often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset. The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the…
Lobo Tiggre, CEO of IndependentSpeculator.com, shared his updated thoughts on gold, silver and uranium. When it comes to gold, he pointed to a ‘powerful mover’ that he thinks could be in play — a change in global portfolio allocations to the yellow metal. Historically the allocation has been 2 percent,…
Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club…
The Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media, accusing him of lying about his firm’s plans to combine with Donald Trump’s social media startup. Patrick Orlando allegedly lied in public filings when he said his company, Digital World Acquisition Corp., had not…
Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving for potential homebuyers, access to affordable credit is another significant roadblock. An estimated 50 million Americans are “credit invisible,” according to a 2022 fact sheet from the Office of the Comptroller of the Currency’s Project…
DETROIT — Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford’s Oakville Assembly Complex in Ontario,…
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Retirement has not been what Lucy Haverfield envisioned. “I thought my 60s were going to be my golden years. I would watch commercials, and all I saw were people on trips…
Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking the most valuable fossil ever sold at auction. The 150 million-year-old stegosaurus named “Apex” measures 11 feet tall and nearly 27 feet long from nose to tail and…
A Wall Street Journal reporter in Hong Kong said she was fired after being elected to lead a press union that has come under attack by Beijing amid a national security crackdown. Selina Cheng, who was elected chair of the Hong Kong Journalists Association (HKJA) on June 22, said in…
America’s two most powerful allies in the Pacific are taking their defense ties to new heights amid increasing concerns over China’s assertiveness in the region and North Korean threats, Japan’s top general said Thursday. Before a trilateral meeting with US Chairman of the Joint Chiefs Gen. CQ Brown and South…