Canada's official international reserves experienced a significant boost in November, according to the federal finance department. The country's reserves of foreign currencies and other monetary assets reached $115.44 billion as of November 30, up from $112.54 billion the previous month. No Intervention or Gold Holdings During the month of November, the Canadian government did … [Read more...] about Canada’s Reserves Increase by $2.9 Billion in November
Payment Stocks Block and PayPal Slide, but Analyst Sees Potential
Payment stocks Block and PayPal Holdings both experienced declines on Tuesday, but according to BMO Capital Markets analyst Rufus Hone, it may be too early to dismiss them. Hone, who recently took over coverage of Block at the firm, maintained an Outperform rating on the shares despite cutting the price target to $84 from $93. Block's shares were down 1% to $64.36 on … [Read more...] about Payment Stocks Block and PayPal Slide, but Analyst Sees Potential
President Trump Discusses Abusing Power and Political Rivalry
Trump has previously spoken about targeting his opponents, often referring to them as "vermin," and seeking revenge for what he believes are politically motivated prosecutions against him. As Trump continues to dominate the Republican presidential primary, President Joe Biden has countered by warning the public that Trump is determined to undermine American democracy. Hannity … [Read more...] about President Trump Discusses Abusing Power and Political Rivalry
Gemfields December Ruby Auction Experiences Solid Sales Growth
Gemfields Group has reported a slight increase in sales from its December ruby auction, driven by a higher average price and strong demand for the gemstone. At this year's auction, the company sold 239,591 carats of ruby for a total of $69.5 million. This is compared to last year's December auction, where 431,671 carats were sold for $66.8 million. Notably, all the offered … [Read more...] about Gemfields December Ruby Auction Experiences Solid Sales Growth
Bitcoin’s Soaring Price and Factors Behind Its Rise
Bitcoin and other cryptocurrencies continued their upward trajectory on Wednesday, reaching fresh 20-month highs. Over the past seven weeks, digital assets have benefited from a perfect storm of factors that have propelled prices to new heights. In the past 24 hours alone, the price of Bitcoin surged by 6% to nearly $43,800, briefly surpassing $44,000. This marks the highest … [Read more...] about Bitcoin’s Soaring Price and Factors Behind Its Rise
