A major exchange-traded fund and mutual fund manager finds the winning gold trade isn’t talked about as much as the artificial intelligence trade — but maybe it should be.VanEck CEO Jan van Eck thinks the best investment this year is “the hedge against political cycles.” To him, that means investing in gold. “It is quietly the best performing asset this year,” Van Eck told CNBC’s “ETF Edge” from the Future Proof conference in Huntington Beach on Monday.Gold hit another record on Friday, its 37th record this year. As of Friday’s market close, it is up 28% since the start of the year.Van…
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SiriusXM Holdings (NASDAQ: SIRI) launched nearly a generation ago with big plans to disrupt media.Fast-forward to 2024 and those plans seem to have mostly fallen flat. Internet-native alternatives like Spotify dwarf SiriusXM in audience size and market cap, and SiriusXM has struggled to break away from the automotive market where it’s most popular.However, SiriusXM just made an unusual move, and some investors seem to think it could be a catalyst for a breakout in the stock.Image source: Getty Images.A spin-off and a reverse stock splitOn Sept. 9, Liberty Media completed its spin-off of Liberty SiriusXM Holdings, which is now known…
Image source: Getty Images Rentokil Initial (LSE:RTO) issued a disappointing trading update earlier this month. But I think the FTSE 100 stock falling over 20% as a result’s an overreaction. As a result, I’ve been buying the stock for my portfolio. Here’s why I think the latest drop’s a buying opportunity as the market’s underestimating the company’s long-term prospects. What’s the problem? The biggest issue with Rentokil’s latest update is the performance of its North America business. The company’s expecting organic sales growth of just 1% during the second half of the year. Sometimes, slow revenue growth can be explained…
By Trevor Hunnicutt WILMINGTON, Del. (Reuters) – U.S. National Security Adviser Jake Sullivan on Saturday said he was worried about escalation between Israel and Lebanon but that the Israeli killing of a top Hezbollah leader brought justice to the Iran-backed group. Sullivan, speaking with reporters in Wilmington, Delaware, said he still sees a path to a ceasefire in Gaza but that the U.S. is “not at a point right now where we’re prepared to put something on the table.” Sullivan said the U.S. is continuing to work with Qatar and Egypt as the two countries talk with Hamas, but that…
Whenever I have spare cash, I invest in companies inside my Stocks and Shares ISA. Eventually, I’d like to live off the passive income generated from this portfolio. However, this isn’t a get-rich-quick strategy. I’m going to have to be patient. But the good news is that small amounts can add up to a surprisingly large amount, given enough time. Passive investing One of the simplest ways to build up a portfolio is through low-cost exchange-traded funds (ETFs). These allow people to invest in multiple stocks, bonds, property, and more, in one fell swoop. Many UK investors gravitate toward the…
By Kuba Stezycki and Kacper Pempel STRONIE SLASKIE, Poland (Reuters) – As water receded in Stronie Slaskie, one of the areas worst-hit by massive floods in south-west Poland, residents and volunteers began clearing up in hope their homes would be liveable before the onset of winter. Parts of the mountain town of 5,000 people were swamped when a dam burst last weekend during Central Europe’s worst floods in more than two decades that have caused billions of dollars of damage and killed at least 24 people. Miroslaw Wegrzyn, 67, who has been running the “Ice Cool” ice cream shop for…
Carbon insurance specialist Kita has announced the expansion of its insurance coverage to include Marex‘s investment in Global Mangrove Trust‘s (GMT) mangrove restoration and conservation project in North Sumatra, Indonesia.This move is aimed at boosting early-stage investment in essential carbon solutions by adding a layer of security and confidence to mangrove projects, Kita said in a statement on Thursday.Marex, a UK-based provider of environmental commodities and financial services, supports the GMT project, which is focused on the restoration of coastal mangrove ecosystems.The project, launched under the OxCarbon Standard by YAGASU and GMT, also includes livelihood generation and social programs.Verification is…
The main point of investing for the long term is to make money. Furthermore, you’d generally like to see the share price rise faster than the market. But Oppenheimer Holdings Inc. (NYSE:OPY) has fallen short of that second goal, with a share price rise of 67% over five years, which is below the market return. On a brighter note, more newer shareholders are probably rather content with the 35% share price gain over twelve months.Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the…
There’s no doubt that investing in the stock market is a truly brilliant way to build wealth. But if when you choose to buy stocks, some of them will be below average performers. Unfortunately for shareholders, while the Great Southern Bancorp, Inc. (NASDAQ:GSBC) share price is up 22% in the last year, that falls short of the market return. Having said that, the longer term returns aren’t so impressive, with stock gaining just 10% in three years.Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has…
Over the last two years, the hype around the artificial intelligence (AI) boom has led to incredible operating momentum for Nvidia (NASDAQ: NVDA), the company that designs and manufactures most of the industry’s chips. But while business is roaring, the company’s stock price seems to have hit a roadblock. Let’s discuss why this might be happening and determine whether Nvidia’s shares can hit $200 before the end of the year.Nvidia’s rocket-ship rally fadesWith shares up by around 2,450% over the last five years, Nvidia has been a rewarding investment for its long-to-medium-term shareholders. However, the thesis is beginning to unravel,…