Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
AI Paves the Way for CBDCs and a ‘Scary as Hell’ Future, How to Protect Yourself: Frank Giustra
Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine […]
Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts
Electronic Arts Inc.’s earnings and revenue from the prior year were previously incorrect. They have been updated. Electronic Arts Inc. shares plummeted more than 10% in after-hours trading Tuesday, after executives disclosed disappointing forecasts and announced they are delaying an anticipated title and killing off the mobile versions of two popular games, which is expected […]
UPS foresees ‘mild recession’ in 2023 and posts first revenue decline since the 2008 financial crisis
Shares of United Parcel Service Inc. rallied Tuesday, even after the package-delivery giant reported a surprise decline in fourth-quarter revenue, missing Wall Street expectations for the first time in 12 quarters, and warned of the first yearly decline in revenue in 14 years. Investors expressed relief, however, as UPS beat fourth-quarter profit expectations, raised its […]
IAG shares fall in Australia after massive flooding in New Zealand
SYDNEY — Shares in Insurance Australia Group Ltd. IAG, -3.74% fell early Monday after the general insurer said that claims in New Zealand will likely rise after severe storms and flooding around Auckland, and that it may review its natural peril costs for fiscal 2023. The stock was down 4.5% to 4.88 Australian dollars (US$3.45), […]
Mother of All Debt Bombs & 9 Other Megathreats Are Looming, Gold May Be Best Protection: Roubini
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, ‘Megathreats,’ as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming ‘megathreats,’ using commodities like gold. Source link
Gold prices end lower after a 4-session rise to their highest since June
Gold futures finished lower on Thursday, posting their first loss in five sessions, as traders booked profits in the wake of the metal’s rise to its highest price since June. Price action Gold for February delivery GC00, +0.04% GCG23, +0.04% fell $18.40, or 1%, to settle at $1,840.60 per ounce on Comex. Prices for […]
Oracle Stock: ORCL is worth adding to your portfolio. Here’s why
The transformation of Oracle Corporation (NYSE: ORCL) from a software firm into a diversified cloud solutions provider accelerated in recent years aided by the mass adoption of digital technology across industries. While overcoming the slowdown in its legacy business, the new model enabled the company to become an industry leader with cloud-powered AI and machine-learning […]