A weaker day for stocks is brewing on Tuesday, as optimism about the US stimulus progress. The asset that stole the show on Monday, of course, was GCQ20 gold, -0.34%, which rose to $ 1,931 an ounce, the highest settlement in history. That prompted the crowd to expect $ 2,000 …
Read More »Gold futures retrace after rising to record levels
Gold futures reversed on Tuesday, with the yellow metal slipping after a rally to record levels. With the main contract as high as $ 1,974.40 an ounce overnight, GC00 gold futures, -0.47% It fell $ 23.80 to $ 1,907.20 an ounce. China’s gold consumption fell 38% yoy in the first …
Read More »Trump canceled the first pitch with the Yankees, but reportedly the Yankees hadn’t even invited him.
How upset was President Donald Trump that Dr. Anthony Fauci released the first pitch of the Major League season? Annoying enough to invent his first release, apparently. The New York Times reported Monday night that when Trump said at a White House briefing last Thursday that he would launch the …
Read More »BioNTech COVID Vaccine Pfizer Enters Late-Stage Trial
Pfizer Inc. PFE, -0.31% and BioNTech SE BNTX, + 2.80% He said Monday night that they have started a late-stage clinical trial for one of their COVID-19 vaccine candidates, which involves 30,000 people worldwide. The start of the trial “is a great step forward in our progress towards the provision …
Read More »Tesla plans a $ 780 million bond deal linked to vehicle leases, its first offer of its kind during the pandemic
Telsa Inc., after reporting a surprising second-quarter profit, plans to raise $ 779.53 million this week in the asset-backed bond market. The Palo Alto, California-based electric vehicle maker is offering eight classes of bonds to investors maturing in 2.7 years or less and most of which have the best AAA …
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