by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Pressure to liquidate gold positions to cover margin calls The yellow metal was down by as much as 3.2% earlier on Monday Gold plunged on Monday as traders assessed the implications of a major global stock rout. Spot bullion fell as much as 3.2%, the biggest single...
by Yahoo.com | Aug 5, 2024 | alerts, Markets/Economy
For much of the past 19 months, professional and everyday investors have enjoyed a hair-raising bull market rally. Since the start of 2023, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Morgan Stanley’s Wilson says markets exposed to slowing growth Wilson, JPMorgan’s Matejka see defensive stocks outperforming The US stock plunge is vindicating some of Wall Street’s most prominent bears, who are doubling down with warnings about risks from an economic...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
July registrations show no signs of recovery after subsidy cut Carmakers cut back production as EV demand disappoints Germany’s electric-vehicle sales slumped in July, extending a broad pullback since incentives ended late last year and undermining automakers’ plans...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Investors appear convinced that inflation is being tamed Central bank has left rates unchanged for four straight months Turkey’s headline inflation likely saw the sharpest drop in nearly two years in July, a slowdown largely due to base effects that officials may...
by Bloomberg.com | Aug 4, 2024 | alerts, Markets/Economy
Value of Berkshire stake in Apple stands at about $84 billion Analysts say investors shouldn’t overreact to Buffett’s move To some, Berkshire Hathaway Inc.’s gutting of its Apple Inc. stake could be interpreted as a lack of conviction in the iPhone maker’s growth...
