Gold prices slumped on Thursday, reversing a gain from the prior session, as the shiny metal headed toward fresh nine-month lows. Silver and platinum hit fresh 2-year lows as strong U.S. dollar weighed on metals prices. Price action Gold futures GC00, -1.42% GCQ22, -1.42% for August delivery fell $23, or 1.4%, to $1,711 per ounce.
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It has been a rough start for entertainment company Warner Bros. Discovery (NASDAQ:WBD). The company was formed and its stock launched in April of this year after AT&T (NYSE:T) spun-off WarnerMedia and merged it with the Discovery network in a blockbuster $43 billion deal. The company boasts some notable properties, including the Warner Bros. film
Pharmaceutical firm Novavax (NASDAQ:NVAX) is getting ready to deliver vaccines for the omicron Covid-19 variant strain soon. In addition, the company just got the green light from the E.U. to start providing Covid-19 vaccines for adolescents. Consequently, there’s a strong possibility that NVAX stock will soon make a move to the upside. Let’s be honest, the
The qualified business income (QBI) deduction was a centerpiece of the 2017 Tax Cuts and Jobs Act (TCJA). The write-off is available to eligible individuals through 2025. The QBI deduction can be up to 20% of: (1) QBI earned from a sole proprietorship or a single-member LLC (SMLLC) that’s treated as a sole proprietorship for
Palo Alto Networks (NYSE:PANW) is one of the leading names in the cybersecurity sector. So far in 2022, PANW stock is performing “less bad” than other tech stocks. It’s down about 10% while the Nasdaq index is down over 20%. Palo Alto is a legacy cybersecurity company that came to prominence in the era
Oil futures ticked higher early Wednesday, bouncing modestly after a rout in the previous session that took both the U.S. and global benchmarks back below $100 a barrel. Price action West Texas Intermediate crude for August delivery CL.1, +1.05% CL00, +1.05% CLQ22, +1.05% rose 73 cents, or 0.8%, to $96.57 a barrel on the New
When the equities sector started to unravel as soaring inflation and the conflict in eastern Europe took its toll on investor sentiment, the technology sector was one of the hardest hit. Since these enterprises are largely geared toward maximizing growth, when opportunities for economic expansion are limited, the segment tends to suffer. However, the bearishness
Uber Technologies Inc. reportedly paid high-profile academics in the United States and Europe to produce reports that could be used in the company’s lobbying, while continuing to fight a push to disclose more information about its current lobbying. The Guardian reported Tuesday based on files leaked by a former Uber executive that the company paid
Diversified holding company Vinco Ventures (NASDAQ:BBIG) hasn’t been a darling on Wall Street lately. However, this means that BBIG stock is trading at a more attractive price point. This could be the right time to make an investment as Vinco Ventures is in a firm capital position. Due to a number of complications in 2022’s first
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to rent longer, opting to wait it out until prices normalize. But rents are also increasing, helped along by a housing-supply shortage that’s hiking the cost
Following the rapid vaccination drives across the world last year, the demand for Covid-19 vaccines is declining. However, booster doses targeting new subvariants are expected to drive sales for coronavirus stocks in the days ahead. Recently, the U.S. Food and Drug Administration (FDA) advised Covid-19 vaccine makers to update their booster shots, scheduled for this
Former Overstock.com Inc. Chief Executive Patrick Byrne is expected to meet Friday with the House committee investigating the Jan. 6, 2021, Capitol insurrection, CNN reported Monday night. The meeting will be held behind closed doors, CNN reported, and its topics have yet to be determined.
The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Ukraine. The euro EURUSD, -1.01% slid 1.2% to $1.0057 against the dollar, to a level not seen since late 2002. The euro EURCHF, -0.72% fell
Bed Bath & Beyond (NASDAQ:BBBY) has let go its CEO amid a stock and sales collapse. Yet insiders are buying the stock. Mark Tritton was replaced by board member Sue Gove, just before the company reported a huge loss on declining sales in late June. New accounting officers were appointed as the board searched for a way out
A new, highly infectious subvariant of omicron is raising concerns among scientists and health experts as it spreads in India and other countries, including the U.S. Scientists say the variant — called BA.2.75 — may be able to spread rapidly and get around immunity from vaccines and previous infection, as the Associated Press reported. It’s…
I have chosen six recession-proof stocks to buy as the market boom ends. They pay dividends, have low payout ratios, low price-to-earnings (P/E) multiples, and good growth. As a result, these stocks have a good chance of surviving the oncoming recession, if, indeed, we aren’t already in one. Investors will stick with stocks that can
Dear MarketWatch, Hi, hope you can provide some help. I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in high school with a full scholarship). I
Mullen Automotive (NASDAQ:MULN), a company based in Southern California that wants to make electric vehicles more accessible to consumers, has announced several important pieces of news lately. A couple of months ago, in March 2022, I had been very bearish on MULN stock. Is the recent news enough to start buying the shares of this
Dear Quentin, Last September, my older brother took his own life after living with depression. My brother misused alcohol as well. I moved away in my mid 20’s, which allowed me to grow and learn and be an adult. My brother really had no real life skills. Over the years he was coddled by our
After the coronavirus pandemic, many penny stocks became bubbles due to the sudden increase in liquidity through stimulus packages and trillions in bailouts. The excitement in the market caused users of different platforms, mainly Reddit, to aggressively invest in risky penny stocks. Of course, the recent economic slowdown and inflation have caused most of those