Tag: Gold

A “wall of money” is headed for the stock market this summer and will drive equities to record highs, according to a recent note from Goldman Sachs’ trading desk.Scott Rubner, a managing director at Goldman Sachs, highlighted in the note that a record $7.3 trillion is sitting in money market funds, and a large chunk…

A famous waterfall in China has drawn even more attention than usual – after a video revealed that its majestic falls may be artificially supplied by a water pipe.The Yuntai Waterfall is located in Yuntai Mountain Park, a major tourist attraction in China’s north-central Henan province. The park has an AAAAA rating – the highest given to a tourist…

September Rate-cut bets on the rise, but Macquarie maintains outlook for no cuts

Conservative Supreme Court justice Samuel Alito’s goofy excuse for flying an inverted U.S. flag outside his Virginia home—that his wife did it because she was upset about a neighbor’s sign—has deteriorated more swiftly than civil rights under the high court.In an interview with The New York Times, Alito neighbor Emily Baden detailed a series of…

US stocks close down, oil tumbles after Fed minutes; Nvidia reports

WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time.…

Most Chinese developers’ shares fall despite latest support measures

Chinese companies win licensing bids to explore Iraq oil and gas fields

Inflation data next week could mark the start of the end of upside surprises: MS

Gold set for best week in five on renewed US rate-cut hopes