Bank of America has revised its bullish gold price target of $6,000 an ounce, citing the Federal Reserve's shift to a tightening monetary policy amid rising inflation and geopolitical tensions. The bank's metals research team highlights that the increased likelihood of rate hikes through 2026 has pressured gold prices in the near term. However, persistent U.S. fiscal deficits, declining foreign holdings of U.S. debt, and ongoing inflation suggest long-term potential for gold to rally again. Additionally, growing retail investment demand could support future price gains if rate hike expectations ease.
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
China's $1.39 trillion program to clean up hidden local government debt is succeeding in reducing off-book borrowing but is causing austerity-like effects. Local governments, key drivers of infrastructure spending and economic growth, are cutting bac...
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
ARCpoint Inc. announced it will likely miss the July 29, 2026 deadline to file its annual financial statements and related reports due to a lack of funds to pay auditors. The company has applied for a Management Cease Trade Order (MCTO) and awaits ap...
BlackRock reported strong Q2 results with net inflows of $192 billion, pushing assets under management (AUM) to a record $15.3 trillion. The firm's ETF business showed strong momentum, supported by new product launches and inclusion in Trump accounts...
