Macroeconomic uncertainties, mounting geopolitical tensions and a desire to hedge against inflation have given gold — the classic “safe haven” asset — a blistering rally. Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. Year-to-date, spot gold is up over 30%. And Michael Widmer, head of metals research at Bank of America, says it has further to go. ‘If gold doesn’t rally now, then I’m not sure when it ever will. Actually, I think the fundamental backdrop looks actually quite good,” he told…
Author: user
Jeff Horing, a director and significant shareholder of nCino, Inc. (NASDAQ:NCNO), has sold a substantial portion of his holdings in the company. According to a recent SEC filing, Horing disposed of 1,833,975 shares of common stock on October 18, with prices ranging from $36.50 to $36.65 per share. This transaction amounted to a total value of approximately $67.17 million. Following this sale, Horing continues to hold a significant position in nCino, with 12,513,467 shares remaining under indirect ownership. The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which was adopted on April 10, 2024. In other recent news,…
Karole Morgan-Prager, Chief Legal and Administrative Officer at BlackLine, Inc. (NASDAQ:), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Morgan-Prager sold 27,079 shares of common stock on October 18, 2024, at an average price of $60.06 per share, resulting in a total transaction value of approximately $1.63 million. In addition to the sale, Morgan-Prager exercised stock options to acquire a total of 27,079 shares at a price of $14.00 per share. These transactions were conducted under a Rule 10b5-1 trading plan that Morgan-Prager adopted earlier in the year, ensuring that…
Investing.com — AI-darling NVIDIA’s (NASDAQ:) stock closed at another new all-time high on Monday as it continued its meteoric rise. The stock closed up 4.14% to $143.71 and is now up 190.2% year-to-date. Gains come after Taiwan Semiconductor Manufacturing (NYSE:), which counts NVIDIA as one of its largest customers, said late last week that AI demand is “real” and “sustainable”. TSMC said they now see the revenue contribution from server AI processors to more than triple this year, and account for mid-teens percentage of their total revenue in 2024. In addition, large client Microsoft Corporation (NASDAQ:) is said to have increased its…
It’s been months since Walmart (WMT) said it would require corporate employees to relocate to its headquarters in Arkansas or risk losing their jobs — but that decision is now pushing some executives to resign.That’s been the case for Cheryl Ainoa, the chief technology officer at Walmart-owned Sam’s Club, who said she is leaving her position after almost five years because she doesn’t want to relocate to the retail giant’s home base in Bentonville, the retail giant confirmed to Quartz in an email.In May, Walmart announced plans to eliminate thousands of corporate roles in Texas and California, requiring remote workers…
By Andrea Shalal and Steve Holland ROYAL OAK, Michigan/SWANNANOA, North Carolina (Reuters) -Democratic presidential candidate Kamala Harris and her Republican rival, Donald Trump, delivered radically different messages on the U.S. campaign trail on Monday as they sought to win over undecided voters in the two weeks before Election Day. Vice President Harris, campaigning alongside former Republican lawmaker Liz Cheney, argued that Trump, the former president, was a threat to democracy. As the election draws closer, Harris has been sharpening her attacks on Trump’s fitness for office, often calling him “unstable” or “unhinged” and questioning his temperament. “In many, many ways…
A still from Warner Bros. Discovery Blade Runner 2049 trailer and from Tesla’s Live robotaxi event.Source: Warner Bros. Pictures | TeslaElon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept.The lawsuit by the dystopian sequel’s producer, Alcon Entertainment, says that the mega-billionaire Musk and the other defendants requested permission to use “an iconic still image” from “Blade Runner 2049” for the Oct. 10 event hyping the Cybercab at Warner Brothers Discovery’s studio lot in Burbank, California. That…
For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in Stamford Land Corporation Ltd (SGX:H07), since the last five years saw the share price fall 24%.So let’s have a look and see if the longer term performance of the company has been in line with the underlying business’ progress. See our latest analysis for Stamford Land While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying…
By Dawn Chmielewski (Reuters) -Walt Disney said on Monday it would announce a replacement for CEO Bob Iger in early 2026, marking the first time the storied media and entertainment company has formally announced a timetable for succession. The investor community said the news signaled progress for a company that has struggled to find a successor to Iger, the affable, camera-ready executive who shaped the modern Disney through a series of acquisitions. Disney said Morgan Stanley veteran James Gorman would become chairman of the board on Jan. 2, after stepping down from his post as executive chair of Morgan Stanley…
U.S. stocks closed mixed on Monday, as Wall Street’s extended rally took a breather ahead of a pivotal week for earnings reports. The S&P 500 slipped by 0.18%, while the Dow Jones Industrial Average fell over 300 points. The tech-heavy Nasdaq Composite managed a 0.27% gain, supported by Nvidia’s record-breaking performance. S&P 500: 5,853.98 ⬇️ down 0.18% Nasdaq Composite: 18,540.01 ⬆️ up 0.27% Dow Jones Industrial Average: 42,931.60 ⬇️ down 0.80% STOXX Europe 600: 521.52 ⬇️ down 0.66% FTSE 100: 8,318.24 ⬇️ down 0.48% CSI 300: 3,935.20 ⬆️ up 0.25% SSE Composite: 3,268.11 ⬆️ up 0.20% Nikkei 225: 38,954.60 ⬇️…