China’s nod for insurers to buy gold seen aiding rally past US$3,000: analysts
China’s decision to allow its insurers to invest in gold will create a new set of buyers and complement purchases by global central banks, potentially driving prices to new heights, according to industry players.
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Gold has risen more than 10 per cent this year to a record US$2,954 per ounce (28.3 grams) on Thursday,
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Read More1 Magnificent S&P 500 Dividend Stock Down 31% to Buy and Hold Forever
The underpinnings of its multi-year weakness are finally abating, and this dividend payer is emerging stronger than ever.
Like bargains? You should. Although you’re often required to pay a premium for quality, if you can get the quality you want at a lower price, so much the better!
Income-seeking investors may want to consider taking on a new position in Realty Income Corporation (O 1.01%) while this dividend stock is down 31% from its highest-ever high.
» Read more about: 1 Magnificent S&P 500 Dividend Stock Down 31% to Buy and Hold Forever »
Read MoreIs the Stock Market on a Collision Course With History? More Than a Century of Data Tells the Tale.
Warren Buffett delivers warning to spend wisely — and remember people who draw the ‘short straws’
Berkshire Hathaway reported record annual earnings Saturday as its Chairman and CEO Warren Buffett warned Washington in his annual letter to shareholders to spend the company’s tax dollars wisely — and remember those who get the “short straws in life.”
Buffet’s conglomerate paid $26.8 billion in tax last year, the letter reveals.
Read MoreWarren Buffett Sends a Dire $134 Billion Warning to Wall Street. History Says the Stock Market Will Do This Next.
The Burst
1 Organ Transplant Disruptor to Buy on the Dip
TransMedics (NASDAQ:TMDX) is an innovative biotechnology company that may well have the potential to disrupt the $11 billion organ transplant industry.
The company’s unique organ care system technology protects and monitors donor organs before they are transplanted into patients, resulting in improved organ health and outcomes. TransMedics also provides logistical services,
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Read MoreThe Ivy
Is Another NVIDIA Stock Split Imminent?
NVIDIA has split its stock six times during its 25 years as a public company. The first stock split happened in 2001, and it doubled the number of shares available. If you owned 100 Nvidia shares before the split, you had 200 shares after. The most recent stock split occurred on May 22, 2024 and was 10:1 meaning for every 100 shares owned on May 21,
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Read MoreThe Spotlight
1 Stock Buffett Likes More Than Apple
Stocks have pulled back in the past month, as interest rates and inflation continue to dog the market. The AI excitement that gripped investors earlier in the year has abated somewhat, leading to recent pullbacks in stocks like Nvidia and Microsoft.
Apple has struggled to make an impact with investors because the company has lagged behind its competitors in launching AI-powered products.