Brendon Thorne | Bloomberg | Getty ImagesChina’s central bank added gold to its reserves in May for the seventh straight month, official data from the People’s Bank of China (PBOC) showed on Saturday.Spot prices for gold, often seen as a refuge from economic and geopolitical uncertainty, were steady in May after hitting an all-time high of $3,500 per ounce in April.China’s gold reserves rose to 73.83 million fine troy ounces at the end of May from 73.77 million ounces at the end of April.Its gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April, the…
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A Thai soldier stands guard in the area of Prasat Ta Muen Thom, a disputed border area between Thailand and Cambodia in Surin province, Thailand, on March 5, 2025.Nurphoto | Nurphoto | Getty ImagesThailand has reinforced its military presence along a disputed border with Cambodia, following an increase in troops on the other side, Thailand’s defence minister said on Saturday, as tensions simmer following a deadly clash.For days, the two Southeast Asian governments have exchanged carefully worded statements committing to dialogue after a brief skirmish in an undemarcated border area on May 28 in which a Cambodian soldier was killed.But Phumtham Wechayachai, who…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin bounces back after an only feud between President Trump and Elon Musk put pressure on crypto. Plus, Switzerland considers sharing crypto tax information with dozens of countries. And, JP Richardson of Exodus shares his outlook for bitcoin in the second half of the year, and he weighs in on recent crypto-linked kidnapping fears.11:02Fri, Jun 6 20253:00 PM EDT Source link
The NCAA logo and a game ball as the South Carolina Gamecocks warm-up before the game against the UConn Huskies during a Women’s Basketball Tournament National Championship game at Target Center.Andy Lyons | Getty Images Sport | Getty ImagesA U.S. judge on Friday granted final approval to a $2.8 billion settlement with the National Collegiate Athletic Association that will allow schools for the first time to compensate student athletes for past and future commercial use of their names, images and likenesses.The settlement, approved in a ruling by U.S. District Judge Claudia Wilken in the Oakland, California, federal court, resolves long-running litigation between the NCAA…
Ryosei Akazawa, Japan’s economic revitalization minster, speaks to members of the media at the Japanese embassy in Washington, DC, US, on Friday, May 30, 2025.Bloomberg | Bloomberg | Getty ImagesJapan had made some progress in a fifth round of trade talks with U.S. officials aimed at ending tariffs that are hurting Japan’s economy, Tokyo’s chief tariff negotiator said.”Tariffs have already been imposed on autos, auto parts, steel and aluminum, and some of them have doubled to 50% along with 10% general tariff. These are causing daily losses to Japan’s economy,” Ryosei Akazawa, said in Washington on Friday after talks with officials,…
An exterior view of the Michael’s Arts & Crafts store at the Paxton Towne Centre near Harrisburg.Paul Weaver | Lightrocket | Getty ImagesCraft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.The Michaels Companies announced on Thursday that it had completed its purchase of Joann’s intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing and yarn offerings.”We’re honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration…
Various whiskey bottles on shelves in a bar.Hiob | Istock | Getty ImagesGlobal spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits.French cognac maker Rémy Cointreau on Wednesday became the latest spirits maker, following Diageo and Pernod Ricard, to withdraw its sales targets on increased economic and trade uncertainty.”Given the continued lack of macroeconomic visibility, the geopolitical uncertainties surrounding U.S.-China tariff policies, and the absence to date of a recovery in the U.S. market … the conditions required to maintain [Remy Cointreau’s] 2029-2030 targets are no longer…
‘Fast Money’ traders talk what to expect from Apple’s upcoming WWDC Source link
The latest economic reports show a surprisingly stable U.S. job market, but there are “cracks in the foundation” that could spell trouble for workers in the coming months, according to Andrew Flowers, chief economist at Appcast, a recruitment marketing provider.The U.S. added 139,000 jobs in May, beating expectations and down slightly from 147,000 in April, according to new data from the Bureau of Labor Statistics. The unemployment rate held steady at 4.2% while the underemployed rate, or the share of part-time workers who want full-time jobs, remained unchanged at 7.8%.Looking at the bigger picture, the job market is “treading water”…
Craig Moffett, MoffettNathanson, joins ‘Fast Money’ to talk what to expect from Apple’s upcoming WWDC. Source link
