Gold Has Been a Disappointment This Year. What Could Change That.

Rising interest rates and strength in the dollar contributed to gold’s drop to $1,700.20 an ounce on July 20, the lowest finish since March 30, 2021. Here: a row of gold ingots in a foundry. Andrey Rudakov/Bloomberg Text size Gold has failed to show its value as a haven investment so far this year, with … Read more

3 crucial financial moves to make now after the Fed’s biggest rate hike since 1994

In a matter of months, it’s become more expensive to carry a credit card balance, a car loan or a mortgage as the Federal Reserve’s interest rate hikes have seeped into borrowing costs. It’s tough medicine that central bankers hope will break the fever of hot inflation — and no one expects the doses to … Read more

Princeton University Discloses Large Stake in Lithium Miner

Text size Students walk on campus at Princeton University. William Thomas Cain/Getty Images Princeton University disclosed that it owned a large stake in an early-stage lithium miner. In fact, Princeton’s holdings of 2.4 million shares of Lithium Americas (ticker: LAC) make it the fourth-largest investor in the Vancouver-based company. Princeton disclosed the holdings in a … Read more

AMC and GameStop Are Red Hot Again. It’s March Madness for Meme Stocks.

Text size A cyclist rides past an AMC theater in San Francisco in the spring of 2020. Justin Sullivan/Getty Images Meme stocks are back on the menu. Shares of AMC Entertainment Holdings , GameStop , and Bed Bath & Beyond leapt Monday in a resurgence of the frenzied buying that took them through the roof … Read more

Metals guru on the ‘apoplectic rage’ of nickel traders over LME debacle

The London Metal Exchange’s unprecedented move earlier this month to cancel close to $4bn in nickel transactions shocked market participants far beyond London commodity trading. LME boss Matthew Chamberlain appeared on television for days afterward defending the move, while hedge fund boss Clifford Asness led a chorus of financial voices in slamming the exchange. Mark Thompson is … Read more

UK watchdog says LME ‘needs to learn lessons’ after nickel chaos leads exchange to wipe $4bn in trades

The nickel fiasco at the London Metal Exchange offers lessons for the exchange and the market, said a senior official at the City’s watchdog, the Financial Conduct Authority. “The London Metal Exchange and the rest of the market need to learn lessons from episodes such as this, it’s important they do so,” FCA head of … Read more