Gold prices surged over 7% this week, rising nearly $300 to $4,344 an ounce, driven by disappointing US labor market data showing a loss of 23,000 jobs in July. This weak jobs report reduced expectations for a Federal Reserve rate hike in September, boosting gold's appeal as a safe haven amid persistent inflation concerns. However, analysts caution that upcoming inflation data and Fed policy decisions will be critical, with some warning against chasing the recent sharp rally. The market awaits US Consumer Price Index and retail sales data next week, which could influence gold's near-term direction and Fed tightening outlook.
Allianz reported a record operating profit of €4.87 billion in Q2 2026, a 10.6% increase year-over-year, driven by strong asset management and life and health segments. Despite this, shareholders' core net income declined by 8.7% to €2.60 billion, mi...
Quantum Corporation is set to report earnings on August 10, 2026, with analysts expecting a loss of $0.15 per share and revenue of $75.05 million. The company shows signs of financial strain, including a negative price-to-earnings ratio of -1.45 and ...
Take-Two Interactive's stock rose following a strong first-quarter earnings report that beat revenue and EBITDA estimates, driven by robust operational results. Analyst Roth Capital reaffirmed a "Buy" rating and raised the price target to $300, refle...
Airbnb's stock surged to a 52-week high of $176.40 following strong financial results, including a 17% revenue increase and 16% growth in Gross Booking Value. Analysts from Evercore ISI and Wedbush raised their price targets to $190 and $200 respecti...
NevGold Corp. has replaced its auditor, switching from Smythe LLP to Manning Elliott LLP following Smythe's decision to withdraw from public company audits. The change took effect on August 7, 2026, with no issues reported in previous audits. Additio...
