Silver prices experienced a decline on Friday, with the cost per troy ounce dropping to $28.24 from $28.36 the day before. Despite this recent dip, silver prices have actually increased by 18.70% since the start of the year. The Gold/Silver ratio, which compares the value of one ounce of Gold to the equivalent number of
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Zeekr, a Chinese electric car brand, has recently unveiled new batteries that are being hailed as the fastest charging batteries in the world. This groundbreaking technology aims to address the long-standing concerns of consumers regarding battery driving range and charging convenience. The company claims that these new batteries can go from a 10% to an
In the midst of market volatility, investors may find themselves seeking stable investment options to navigate uncertain times. Joanna Gallegos, CEO of BondBloxx, emphasizes the significance of incorporating bonds into one’s investment strategy. Gallegos suggests that prioritizing income and high-yield bonds can provide a cushion against market fluctuations. By diversifying into fixed income, investors can
The advisory board to the German Finance Ministry has raised concerns about the three options being considered to address a 17 billion euro budget shortfall. In a letter seen by Reuters, the board expressed doubts about the effectiveness of these options in reducing the deficit. The options include using extra funds from state bank KfW,
Rachel Reeves, the new finance minister in Britain, is contemplating the implementation of inflation-busting pay increases for nearly 2 million government employees in an attempt to prevent potential public sector strikes. The proposed pay rises, recommended by two government advisory bodies, would equate to a 5.5% raise for 460,000 teachers and 1.4 million National Health
The second-quarter results of U.S. banks have revealed a concerning trend of increased provisions for credit losses, driven by deteriorating commercial real estate (CRE) loans and high-interest rates. In response to this, regional lenders like M&T Bank are gradually reducing their exposure to the troubled CRE sector and repositioning their balance sheets to concentrate on
The tension between the Philippines and China over the disputed Second Thomas Shoal in the South China Sea has escalated, prompting two senior Republican U.S. senators to urge President Joe Biden to provide a comprehensive list of options developed by the Pentagon and State Department to aid the Philippines. The situation at the shoal, where
Renowned investor Bill Gross has expressed concerns about the behavior of Tesla in the market, likening it to a speculative play favored by retail investors. Gross highlighted the sagging fundamentals of Tesla coupled with its unprecedented price action, indicating a similarity to meme stocks. He views this trend as a concerning sign of the times,
Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an additional $50 million in equity financing in a round led by General Atlantic. This funding is expected to further support the company’s growth and expansion plans. In fact, Athletic CEO and founder Bill Shufelt expressed optimism that General Atlantic would make even larger investments
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The news of meme stock trader “Roaring Kitty” buying a 6.6% stake in Chewy sent the shares of the pet food e-commerce retailer soaring in premarket trading. With just over 9 million shares purchased, Roaring Kitty has become the third-largest shareholder in the company, according to FactSet. This move has added more than $245 million
China’s manufacturing activity faced a setback in June, marking the second consecutive month of decline. The National Bureau of Statistics revealed that the purchasing managers’ index (PMI) remained stagnant at 49.5, below the 50-mark that signifies growth. Despite some positive indicators, such as the production sub-index being above 50, other key factors like new orders,