In July, central banks globally increased their gold reserves by a net 23 tonnes, with China and Poland leading the purchases at 20 and 8 tonnes respectively. Emerging markets continue to accumulate gold, with notable buying from the Czech National Bank, Kazakhstan, Malaysia, and Bolivia. Russia was the largest seller, offloading 6 tonnes. Year-to-date, Poland leads with 90 tonnes bought, aiming for 700 tonnes total, while China has added 60 tonnes in 2026, marking 21 consecutive months of buying. Central banks are diversifying reserves amid geopolitical and inflation risks, with new gold allocations announced by the Bank of Korea and plans for increased reserves in Namibia. Venezuela seeks to repatriate $4 billion in gold from the UK as part of post-earthquake recovery efforts.
Telsey Advisory lowered G-III Apparel Group's price target from $38 to $32, reflecting mixed financial results and challenges integrating the Marc Jacobs brand. The company's net sales dropped from $613.3 million to $554.1 million, but GAAP net incom...
The Toro Company reported strong third-quarter results, surpassing analyst expectations with earnings of $1.33 per share and revenues of $1.23 billion. This marks a year-over-year increase in earnings, reflecting improved profitability driven by stro...
Lands' End reported Q2 fiscal results with revenue rising 2.7% to $302 million, beating analyst expectations, while adjusted EPS missed slightly at $0.09 versus $0.10 forecast. The company improved profitability from a year ago, turning an adjusted l...
Planet Labs is set to report its Q2 earnings, with analysts expecting a loss of $0.02 per share, a 33.3% improvement from last year. Revenue is estimated at $104.12 million. Despite a significant stock decline, trading 27% below its 200-day average, ...
Broadcom projected its AI revenue to reach $230 billion by fiscal 2028, raising its 2027 AI revenue forecast to $115 billion. Despite this bullish outlook and strong quarterly results with revenue of $29.6 billion and earnings per share of $3.32, sha...
