Gold is outperforming tech stocks this year, and investors should keep buying, BofA says
The juxtaposition of record-high gold prices amid investor outflows from the metal is "explained only by unprecedented central bank buying," BofA said.
Elektra Cut From S&P’s Mexico Index After Halt on Alleged Fraud
(Bloomberg) -- Grupo Elektra SAB, controlled by billionaire Ricardo Salinas Pliego, was removed from Mexico’s benchmark stock index after shares were halted for weeks, a suspension prompted by the company to interrupt an alleged multimillion-dollar fraud.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hambur
Americans just got the biggest confirmation yet of an interest-rate cut next month — but the job market hangs in the balance
"The time has come for policy to adjust," Fed Chair Jerome Powell said at Jackson Hole, Wyoming, all but confirming an interest-rate cut in September.
US stocks test record highs as Powell says 'the time has come for policy to adjust'
"We do not seek or welcome further cooling in labor market conditions," Fed chairman Jerome Powell said in his speech at Jackson Hole.
Mexico stocks higher at close of trade; S&P/BMV IPC up 0.33%
Investing.com – Mexico stocks were higher after the close on Friday, as gains in the Materials, Industrials and Telecoms Services sectors led shares higher.
Colombia stocks lower at close of trade; COLCAP down 0.30%
Investing.com – Colombia stocks were lower after the close on Friday, as losses in the Financials, Investment and Public Services sectors led shares lower.
Russia stocks lower at close of trade; MOEX Russia down 2.32%
Investing.com – Russia stocks were lower after the close on Friday, as losses in the Power, Mining and Telecoms sectors led shares lower.
Trump will soon be free to tank his own stock
Trump owns about 59% of Trump Media, which is the parent company of his social media platform, Truth Social.
Why Altcoins Surged Ahead by Double Digits This Week
Looming rate cuts and better-than-expected economic developments have fueled demand for riskier assets.
Why Opera Stock Surged Again Today
The web browser developer's stock soared this week, and is now up 22% year to date.