Gold prices fell to just under $4,400 per ounce following data showing a 12.4% drop in US housing starts in July, which came in worse than expected. While building permits rose 5%, the overall housing market's weakness reflects ongoing economic pressure from high prices and mortgage rates driven by the Federal Reserve's tightening. This housing sector slowdown is significant because it weighs on the US economy and influences investor sentiment toward gold as a safe haven. Investors will watch upcoming economic data for further clues on market direction and Fed policy impact.
M-tron Industries secured a $4.5 million contract from a top U.S. defense prime contractor to supply rugged RF filters for a major air defense program. This two-year deal increases annual volume by 50% compared to previous one-year contracts and supp...
September is known for historically weak stock market performance, prompting income investors to consider three ETFs with different income approaches: BALI, DIVO, and JAAA. BALI focuses on large-cap tech stocks with an option-writing overlay, offerin...
David Tepper's Appaloosa fund initiated significant put option positions on Apple and Berkshire Hathaway, suggesting a cautious or hedging approach amid concerns over Apple's inflated earnings and memory pricing volatility. The puts on Berkshire like...
Microsoft and Alphabet both posted strong quarterly results driven by AI investments, with Microsoft’s Azure revenue surpassing $100 billion and Alphabet’s Google Cloud growing 82%. Microsoft’s spending is funded by strong operating cash flow, allowi...
Quantinuum holds a top position in quantum computing, reflected in its premium market valuation compared to peers. Its strengths include an integrated platform and advances in qubit fidelity and error correction, though scaling remains a challenge. D...
