U.S. consumer sentiment fell sharply in August to 51, below expectations and July's 55.2, signaling growing economic concerns. Inflation expectations for the year ahead rose slightly to 4.3%, while long-term expectations remained steady but above historical averages. This drop in sentiment, especially among vulnerable groups, pressured gold prices higher, pushing spot gold near $4,400 per ounce. The data suggests consumers expect continued inflation challenges, supporting gold's appeal as a safe haven asset.
Yvonne Wassenaar, a director at Rubrik, sold 721 shares at a price of $75 each just before the company's stock experienced a significant rally. This sale occurred ahead of the stock's upward movement, which may be of interest to investors tracking in...
Western Union's planned $500 million acquisition of International Money Express (Intermex) has received regulatory approval from New York after commitments on remittance services, but the deal is stalled in California where further review is required...
Apple has submitted a new proposal for commissions on purchases made through external links in iOS apps, suggesting a 15% fee for standard apps and reduced rates for small developers and special programs. Small businesses would pay 5%, while particip...
Domino's Pizza reported mixed Q2 results, with international store growth balancing out weaker US consumer demand and a miss on earnings per share. Free cash flow dropped 5.5% due to increased capital expenditures. Management expects operating income...
The Strategy Shares Gold Enhanced Yield ETF (GOLY) aimed to provide gold exposure with monthly income by leveraging bonds and gold swaps. However, in 2026, rising financing costs and leverage caused GOLY to lose over 20% year-to-date, while gold itse...
