Gold prices are concluding a remarkable year on a positive note, soaring to yet another all-time high as Treasury yields and the dollar continue to decline. This trend is driven by the widespread anticipation of interest rate cuts by the Federal Reserve. According to FactSet, gold for February delivery (GCG24, -0.41%) closed at an unprecedented $2,093.10 per ounce on Comex … [Read more...] about Gold Prices Reach Record Highs as Treasuries and Dollar Decline
Cathie Wood Revamps Crypto Holdings
Cathie Wood, the renowned investor, is making significant changes to her cryptocurrency holdings as she prepares for the anticipated approval of spot Bitcoin exchange-traded funds (ETFs) in January 2024. On Wednesday, ARK Invest's Next Generation ETF purchased over $92 million worth of shares in ProShares Bitcoin Strategy ETF, as stated in a trade notification. Simultaneously, … [Read more...] about Cathie Wood Revamps Crypto Holdings
Penn Entertainment Share Surge
Shares of Penn Entertainment experienced a significant boost on Thursday after a major shareholder expressed its desire to secure seats on the company's board. This shareholder is none other than hedge fund HG Vora Capital Management, which currently holds an impressive 18.5% stake in Penn Entertainment, comprising both common stock and swaps. In a securities filing known as a … [Read more...] about Penn Entertainment Share Surge
Loose Bolts Found on Boeing 737 Max Jets
Shares of Boeing Co. experienced a 1% drop on Thursday following the aerospace and defense company's call for airlines and operators to inspect their 737 Max jets for possible loose bolts. The Federal Aviation Administration (FAA) revealed that this new issue with the single-aisle jets could impact the rudder-control system. The FAA, in close collaboration with Boeing, stated … [Read more...] about Loose Bolts Found on Boeing 737 Max Jets
U.S. Imposes Sanctions on Money Exchange Services Allegedly Supporting Iranian-Backed Rebels
The U.S. government has taken decisive action against a group of money exchange services from Yemen and Turkey, accusing them of providing financial support to Iranian-backed Houthi rebels who have been carrying out attacks on commercial shipping vessels in the southern Red Sea. Notably, the U.S. military recently intercepted and destroyed a drone and a missile deployed by the … [Read more...] about U.S. Imposes Sanctions on Money Exchange Services Allegedly Supporting Iranian-Backed Rebels
