Finance News
Gold prices to hit $2,200 and outperformance awaits silver, says UBS

[ad_1] Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold and silver are expected to climb further in 2024 on expectations that the U.S. Federal Reserve will start cutting interest rates, UBS […]

Updated: Feb 5, 2024
Tech’s longtime highfliers are growing up by getting smaller

[ad_1] Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. […]

Updated: Feb 3, 2024
Meta, X, TikTok, Snap and Discord confront Congress eager for tighter social media regulation

[ad_1] (L-R) Shou Zi Chew, CEO of TikTok, Linda Yaccarino, CEO of X, and Mark Zuckerberg, CEO of Meta testify before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Alex Wong | Getty Images “We could regulate you out of business if we wanted to,” a […]

Updated: Feb 1, 2024
Boeing’s reputation is taking a hit, survey shows

[ad_1] Boeing’s reputation has taken a significant hit this month, according to surveys conducted by Morning Consult. A report by the market research company shows net trust dropped 12 percentage points among U.S. adults from December 2023 to January 2024. Net trust represents the share of people who say they trust a brand minus those […]

Updated: Jan 30, 2024
Beijing intensifies military pressure on Taiwan as U.S.-China talks resume

[ad_1] Chinese President Xi Jinping meets with U.S. President Joe Biden at Filoli Estate in the U.S. state of California, Nov. 15, 2023. Li Xueren | Xinhua News Agency | Getty Images Beijing sent dozens of military aircraft and naval ships toward Taiwan on Friday, the same day of a low-profile meeting between U.S. national […]

Updated: Jan 27, 2024
Commodity markets are in a ‘super squeeze’— higher prices may continue

[ad_1] SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co., Ltd on December 30, 2023 in Suixi County, Huaibei City, Anhui Province of China. (Photo by Li Xin/VCG via Getty Images) Vcg | Visual China Group | Getty Images […]

Updated: Jan 26, 2024
EBay to slash about 1,000 roles, or 9% of full-time employees

[ad_1] eBay’s headquarters in San Jose, California, U.S. Bloomberg |  Getty Images EBay said Tuesday that it plans to lay off 9% of the company’s workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. The stock rose more than 3% in extended trading. Jamie Iannone, eBay’s CEO, […]

Updated: Jan 24, 2024
Terraform Labs files for bankruptcy protection in the U.S.

[ad_1] PODGORICA, MONTENEGRO – JUNE 16: Do Kwon is taken outside of court on June 16, 2023 in Podgorica, Montenegro. Cryptocurrency TerraUSD and its companion token Luna collapsed in 2022, wiping out approximately 40 billion USD from the cryptocurrency market and Do Kwon, the founder was charged with fraud by American prosecutors following his arrest […]

Updated: Jan 22, 2024
Bipartisan tax bill clears key congressional hurdle, teeing up potential House vote

[ad_1] Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters WASHINGTON — A $78 billion tax package with major benefits for companies took a significant step towards becoming law on Friday, when a key House panel […]

Updated: Jan 20, 2024
Sheryl Sandberg says she’s leaving Meta’s board

[ad_1] Sheryl Sandberg, chief operating officer of Facebook Inc. David Paul Morris | Bloomberg | Getty Images Former Meta operating chief Sheryl Sandberg is leaving the company’s board of directors. “With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection […]

Updated: Jan 17, 2024