Gold prices rebounded from a two-week low to over $4,070 after U.S. June inflation data showed softer-than-expected increases, reducing the likelihood of a July Federal Reserve rate hike. This led to a drop in Treasury yields and the U.S. dollar, boosting gold's appeal as a safe haven. However, rising crude oil prices near $90 per barrel could pressure inflation again, potentially challenging gold's gains. Traders will watch if gold can sustain momentum and test resistance levels around $4,214 and the 50-day moving average near $4,333.
PayPal's board has reportedly rejected an offer valuing the company at $60.50 per share, considering it inadequate. This comes as PayPal's stock currently trades at around $56 per share. The board's stance suggests they believe the company's value is...
The Invesco S&P 500 Pure Growth ETF, which focuses on S&P 500 stocks with strong growth traits, has gained 21.64% year-to-date with $2.08 billion in assets and a 0.35% expense ratio. Its unique growth scoring heavily weights twelve-month price moment...
The Vanguard Total World Stock ETF (VT) has been downgraded to a hold rating due to anticipated choppy price action and unfavorable seasonality from August to mid-October, a period known for volatility especially in midterm election years. VT current...
The Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) provides investors S&P 500-like exposure combined with a call writing strategy to generate income. It currently trades at an 8.08% discount to its net asset value and offers an attractive, tax-e...
The European Union has expanded its sanctions against Russia by banning 14 crypto platforms, including Justin Sun-owned HTX, accusing them of helping blocked Russian entities move funds and bypass sanctions. This move prohibits EU persons and firms f...
