Persistently high gold prices could be a catalyst for shares of Kinross Gold Corp , according to UBS. UBS initiated research coverage of the gold and silver mining stock with a buy rating and a $20 per share price target. The bank’s stock evaluation implies about 23% upside over the next year from Friday’s $16.21 close. Analyst Daniel Major attributed his optimism on Kinross to a bullish view on gold prices, which he said should remain “elevated” at around $3,500 an ounce into 2026. Bullion is traditionally viewed as a safe haven asset and hedge against inflation and political risk.…
Author: usaeverydaylife
Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have “thousands” of vehicles across Europe in the “following years,” the two companies said.Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company FreeNow, which is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France.Deployment of the…
A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018.Alex Flynn | Bloomberg | Getty ImagesSome 3,200 Boeing defense unit workers went on strike early Monday hours after turning down a contract offer with the company.Boeing offered 20% wage increase, a $5,000 ratification bonus and other improvements. Its latest offer, which the workers voted down Sunday, included wage increases for employees at the top of the pay scale, and improved retirement benefits, according to their union, the International…
Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.In 2024, a Delaware court voided Musk’s 2018 compensation package, valued at over $50 billion, citing that the Tesla board’s approval process was flawed and unfair to shareholders.Musk kicked off an appeal in March against the order, claiming a lower court judge made multiple legal errors in rescinding the record compensation.Earlier this year, the EV maker said the board had…
Coinbase’s lackluster second-quarter results could mean the stock’s momentum may start to wane, according to Compass Point Research. The firm downgraded Coinbase to sell from neutral in a Sunday note. It also trimmed its price target to $248 per share from $330, signaling more than 21% downside from Friday’s $314.69 close. Coinbase has been on fire this year, advancing more than 26%. COIN YTD mountain COIN year to date The rating change comes after Coinbase reported mixed second-quarter results last week. The company’s earnings per share beat analyst expectations, but revenue missed. Revenue tied to transactions, a key metric for…
US President Donald Trump raises his fist upon arrival at the White House in Washington, DC, on August 3, 2025 after spending the weekend at his Bedminster residence.Mandel Ngan | Afp | Getty ImagesTensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away.Without a deal, Switzerland faces 39% duties on its goods imported into the U.S., after it was hit with one of the highest new tariff rates under U.S. President Donald Trump’s latest trade policy shift last week. The higher duty surprised many, as widespread reports…
The Reliance Industries Ltd. oil refinery in Jamnagar, Gujarat, India, on Saturday, July 31, 2021.Bloomberg | Bloomberg | Getty ImagesIndia is navigating a tricky balancing act after U.S. President Donald Trump threatened a “penalty” over its continued imports of Russian oil — a trade that New Delhi appears reluctant to end anytime soon.Despite Trump telling reporters Friday that he “heard” India would halt purchases, officials in New Delhi have remained noncommittal. Foreign ministry spokesperson Randhir Jaiswal said that the country decides its energy import sources “based on the price at which oil is available in the international market and depending…
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesCoinbase set the business community alight after the American crypto firm dropped a musical advert which lambasted the U.K. as besieged by economic problems and an ongoing cost-of-living crisis.Online communities from LinkedIn to Reddit are buzzing over the two-minute mini musical ad titled “Everything is Fine,” which satirized the U.K. as a country riven with strikes, job losses and rocketing prices. Two people featured in the ad say they’re “jumping ship” and leaving for sunnier climes in…
U.S. President Donald Trump boards Air Force One on August 1, 2025 at Joint Base Andrews, Maryland. Anna Moneymaker | Getty Images News | Getty Images After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald Trump, imputing political bias and data manipulation to BLS Commissioner Erika McEntarfer, revised her employment status to “terminated.”Government officials from both sides of the political aisle had plenty to say about that.”Bottom line, Trump wants to cook the books,” said Ron Wyden, the top Democrat on…
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty ImagesNvidia’s H20 chips are likely to return to China, but tech experts don’t expect them to be met with the same fanfare in the market in light of new competition and regulatory scrutiny. The Trump administration last month gave Nvidia assurances that it would be permitted to resume sales of its H20 chips to China, after their exports had been effectively banned in April. It also announced a new “fully compliant” made-for-China chip.The move was seen as a huge win for the company, which had flagged billions in losses…
