The price of gold was trading at $2,642.77 per ounce as of 9 a.m. Eastern time today. That’s a +0.96% change from the same time yesterday and a +41.42% change from a year ago. Gold price per ounce% ChangePrice of gold yesterday$2,617.57+0.96%Price of gold 1 month ago$2,507.52+5.39%Price of gold 1 year ago$1,868.77+41.42%Price of gold yesterday$2,617.57+0.96%Price of gold 1 month ago$2,507.52+5.39%Price of gold 1 year ago$1,868.77+41.42% Gold is an asset that many like to own for inflation protection. Rising prices tend to erode the purchasing power of a currency like the U.S. dollar while gold generally increases in value over the…
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The US automotive market has experienced a notable shift in the first three quarters of the year. While General Motors has maintained a narrow lead over its rivals, Toyota and Ford, its sales have begun to decelerate. In contrast, both Toyota and Ford have demonstrated growth, with Toyota experiencing a particularly significant surge. A more pronounced shift is evident in the passenger car segment. GM’s sales in this category have declined, especially for the Camaro, which has seen a dramatic drop. The Corvette, although successful in its own right, occupies a distinct market niche and does not directly compete with…
Tesla (TSLA) stock fell during morning trading on Friday, after its highly-anticipated robotaxi reveal failed to impress investors.The electric vehicle maker’s shares were down around 7.5% on Friday morning after being down about 6% during pre-market trading. Its shares closed down almost 1% Thursday before the event.Tesla chief executive Elon Musk unveiled the company’s Cybercab self-driving car prototype on Thursday night. The robotaxi is expected to be the EV maker’s first car that is capable of autonomous driving. While Tesla offers driving assistance software for self-driving, the vehicles still require a driver.Tesla expects the Cybercab to eventually be available for…
Image source: Getty Images One way I seek to benefit from having a Stocks and Shares ISA is by earning passive income. Thanks to dividends from shares, I can build a second income even without having to work for it. Doing that does not necessarily require tying up a lot of funds. If I had a spare £9,000 now I would happily put it into an ISA and use it to build a second income. Here is how. 1. Getting ready to invest My first move would be to find the Stocks and Shares ISA that suited my own needs…
A remarkable achievement, a Hyundai Elantra has reached the one millionkilometer milestone, equivalent to over 621,000 miles. Despite its extensive mileage, the car remains in remarkable condition. Hyundai Canada, recognizing this feat, decided to give the Elantra a new lease on life. The fourth generation Elantra, sold in 2008, was donated to a Canadian TV show, “Roulez au Suivant.” With the car came 100 parts, providing the show’s team with ample materials for a complete restoration. Under the guidance of automotive expert Antoine Joubert, the Elantra transformed. Hyundai Elantra Hits 1 Million Kilometers: Restored and Gifted to Teen After Major…
BEIRUT (Reuters) – Most Palestinian refugees living in camps in southern Lebanon or near Beirut have fled following escalating Israeli strikes, the head of the United Nations agency on Palestine refugees said on Friday, drawing parallels with mass displacement in Gaza. UNRWA chief Philippe Lazzarini told Reuters that the agency continued to provide services to the most vulnerable left behind – and that repeatedly fleeing was sadly “part of the history” of Palestinians. “Now, that’s part, unfortunately, of the plight, but if you compare with what happened also in Gaza recently, you might have heard me describing how people are…
JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected.Here’s what the company reported:Earnings: $4.37 a share vs. $4.01 a share LSEG estimateRevenue: $43.32 billion, vs. $41.63 billion estimateJPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion. Net interest income rose 3% to $23.5 billion, exceeding the $22.73 billion StreetAccount estimate, on gains from investments in securities and loan growth in its credit card business.CEO Jamie Dimon touted the firm’s quarterly results in a statement, while also addressing regulators’…
In a notable performance, Liberty All Star Equity Closed Fund (USA) stock has reached a 52-week high, trading at $7.24. This peak reflects a significant uptrend for the fund, which has seen an impressive 1-year change, boasting a 22.34% increase. Investors have shown increased confidence in the fund’s strategy and portfolio management, contributing to its strong market position. The 52-week high serves as a testament to the fund’s resilience and growth potential amidst fluctuating market conditions. In other recent news, Americas Gold and Silver Corporation is set to fully acquire the Galena Complex, one of North America’s largest high-grade, underground…
Key Takeaways Tesla shares sank Friday, the morning after its “Cybercab” robotaxi was unveiled at its “We, Robot” event.The electric vehicle maker also revealed a larger “Robovan” and showcased its Optimus humanoid robot.Analysts had said prior to the event that they expected Tesla could announce a lower-cost vehicle to be released next year, but the company did not mention one. Tesla (TSLA) shares stumbled Friday morning as markets appeared to be initially unimpressed with the electric vehicle (EV) maker’s “We, Robot” event last night, which included the unveiling of autonomous taxi and van models. The autonomous taxi, called the “Cybercab,”…
In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market index fund. But if you try your hand at stock picking, you risk returning less than the market. We regret to report that long term Compass Diversified (NYSE:CODI) shareholders have had that experience, with the share price dropping 32% in three years, versus a market return of about 24%.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they’ve been consistent with returns. View our latest analysis for Compass…