Central banks grew their gold reserves in 2023 as analysts see potential price surge
A report released by the World Gold Council in June found that central banks added the second most gold reserves on record in 2023 as analysts see a potential price surge.
Concerns of AI eating software are overdone: Tyler Radke
Citi co-head of U.S. software equity research Tyler Radke discusses why investors have turned bearish on software stocks on 'Making Money.'
Natural diamond prices collapse as lab-grown diamond sales spike
FOX Business' Gerri Willis speaks to Soho Gem owner Irina Ferry about the popularity of lab-grown diamonds on 'Mornings with Maria.'
Nvidia 'weakness' could be the catalyst for a market pullback: Kenny Polcari
SlateStone chief market strategist Kenny Polcari explains why he's hoping for a stock market downturn on 'Varney & Co.'
Nvidia is 'egregiously expensive': Dennis Gartman
University of Akron Endowment Committee Chair Dennis Gartman argues Nvidia's rapid ascent is reminiscent of the dot-com bubble on 'Varney & Co.'
Wall Street firms block client access to new spot Bitcoin ETFs
Large Wall Street firms are blocking retail investors from accessing the new “spot" Bitcoin ETFs recently approved by the SEC, FOX Business has learned.
Oil slides after OPEC's unexpected meeting delay
The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
Exxon mulls Pioneer deal, shares jump
Pioneer Natural Resources shares spiked on rumors Exxon Mobil is closing in on a deal to purchase the company in what could be a $60 billion deal, The Wall Street Journal reported.
How the markets observe Juneteenth and how it could impact trading
There will be no regular equity or bond trading and futures will trade on an abbreviated schedule on Monday, as Wall Street observes the Juneteenth holiday.
Exxon Mobil, Pioneer rumors spark fracking M&A talk
Exxon Mobil is reportedly in preliminary discussions to acquire Pioneer Natural Resources as part of the oil and natural gas producer’s Permian Basin strategy.
Gold nears record on weaker economic data
The price of gold is nearing a record as the latest JOLTS report showed job openings are down as manufacturing activity slows, weakening the U.S. dollar against the euro and pound.
Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
Glencore hands $7.1B to shareholders after record profit
Glencore had one of its greatest years on record, cutting debt to $75 million from $6 billion, and returning $7.1 billion to shareholders, as demand soars.
Are ETFs a hedge for inflation?
Exchange-traded funds can be used as a hedge for retail and institutional investors during economic downturn and inflation.
Newmont makes $16.9B bid for Australia gold producer
The Newmont Corporation has made an indicative $16.9 billion takeover offer for Australia's top goldminer Newcrest Mining to combine the goldmining companies’ assets in China and Australia.
The markets and the New Year holiday
There will be no trading in stocks or bonds on Monday as Wall Street observes the New Year holiday.
Oil prices are up, are refinery shutdowns to blame?
A winter storm over a large swath of the U.S. is being blamed for oil refinery shutdown in Houston and spiking crude prices
BHP, world’s top miner, nears biggest acquisition in a decade
BHP predicts that demand for copper – an excellent conductor of electricity and has wide-ranging uses including in construction and electronics – will double in the next three decades.
Oil market faces ‘considerable uncertainties,’ OPEC warns
OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.