Investors should “go for gold” with the precious metal standing out as the best commodity to hedge against geopolitical and financial risks, according to Goldman Sachs. Gold should rally to $2,700 per ounce by early 2025 with the Federal Reserve poised to start cutting rates in September, bringing Western capital back into the precious metal, Goldman’s team of commodity analysts told clients in a Monday research note. Central banks in emerging market countries, meanwhile, are continuing to buy gold — with purchases tripling since the middle of 2022 amid fears of U.S. financial sanctions and a mountain of sovereign debt,…
Author: usaeverydaylife
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Southwest Airlines : Shares rose more than 2% as investors digested news that Elliott Management has upped its stake in the airline and that Evercore ISI upgraded the stock to a buy-equivalent rating. “I don’t know what Elliott has to say with Southwest other than, ‘Would you please resign?’ I think they want a wholesale change, and they’re not happy with anything other than that,” Jim Cramer said. Boeing : Shares dropped more than 8%. Analysts at Wells Fargo downgraded the troubled plane…
ANN ARBOR, Mich. — Before the first scoop of dirt was raised from the farmstead where Michigan Stadium was built, controversy was brewing about the professionalization of college sports.By 1926, Michigan’s football program had outgrown Ferry Field, where big games prompted far more demand than the 42,000-seat stadium could accommodate. Fielding Yost, Michigan’s athletic director and the coach of the famous “Point-a-Minute” teams that dominated college football in the early 1900s, was the chief advocate for building a new stadium, just as many of Michigan’s competitors had done.Yost’s proposals sparked mixed reactions from the campus community. Many supported the idea,…
September has arrived, a month historically associated with significant market corrections. In four of the past five years, the S & P 500 has experienced pullbacks ranging from 4% to 5% during this time. With major earnings reports behind us and no significant catalysts like Nvidia earnings to drive the market, I’m considering taking a bearish stance on the semiconductor sector by using the VanEck Semiconductor ETF (SMH) as a proxy for this trade. Looking at the 6-month daily chart below, it’s evident that SMH participated in the recovery rally in August. However, it has since faced rejection at a…
President Joe Biden announces a new plan for federal student loan relief at Madison Area Technical College Truax Campus, in Madison, Wisconsin, on April 8, 2024.Kevin Lamarque | ReutersPresident Joe Biden may try to forgive student debt again as early as next month, in a sweeping redo effort that could impact tens of millions of Americans.The Biden administration’s attempt to deliver the aid could come roughly 14 months after the Supreme Court blocked it from carrying out its first student loan forgiveness plan. Just hours after the justices announced their ruling in June 2023, Biden vowed to find a new…
Although the Premier League’s summer transfer window has closed, many big-name players still have their futures unresolved.Other transfer windows remain open, including in Turkey, whose clubs can do business until September 13, so moves could still happen. But with four months until the start of the January window in the major European leagues, The Athletic has picked a starting XI of players who currently find themselves out of favour at their top-flight side.Though not all have been ostracised completely from first-team action, their futures look uncertain.GO DEEPER’Fair market value’ and ‘pure profit’ – The Premier League transfer window is messier…
When you apply for a job, prior experience is always great to have. If you lack it, make a point to showcase your motivation to learn, says Everette Taylor.Taylor is the head of crowdfunding platform Kickstarter. He’s his own proof of concept, he tells CNBC Make It: He was hired two years ago, at age 33, without “a strong, proven track record” as a CEO. He did, however, have “the willingness to be hungry enough to learn,” he says.His top priority for vetting job candidates now: whether they can genuinely perform the job they’re seeking and, if they haven’t done…
Check out the companies making headlines before the bell. United States Steel — The industrial stock plunged 6% after Vice President Kamala Harris opposed the planned sale of United States Steel to Japan’s Nippon Steel. She made these statements during a Labor Day rally in front of union members in Pittsburgh, Pennsylvania, where she said that United States Steel was “an historic American company and it is vital for our country to maintain strong American steel companies.” Boeing — Shares slipped 3% after Wells Fargo downgraded the aircraft maker to underweight from equal weight. Analyst Matthew Akers cited the company’s…
Here are Tuesday’s biggest calls on Wall Street: Wells Fargo downgrades Boeing to underweight from equal weight Wells said in its downgrade of the aerospace giant that it’s a “cash opportunity missed.” “We think BA had a generational FCF opportunity this decade, driven by ramping production on mature aircraft and low investment need. But after extensive delays and added cost, we now see growing production cash flow running into a new aircraft investment cycle, capping FCF a few years out.” Deutsche Bank upgrades Bank of America and Wells Fargo to buy from hold and downgrades JPMorgan to hold form buy…
Equity strategist Tom Lee expects the stock market will run into some turbulence over the next eight weeks, though he expects a pullback could be a buying opportunity for investors. Lee stocks could pull back by 7% to 10%, as investors navigate what’s historically the weakest month of the year. The Stock Trader’s Almanac shows the S & P 500 has averaged a 0.7% loss every September in data going back to 1950. “I think investors should be cautious for the next eight weeks,” Lee told CNBC’s “Squawk Box” on Tuesday. “Market’s been up seven of the eight months this…
