In a research note released on Tuesday, ANZ has increased its gold price forecast to $3,100 per ounce for the zero to 3-month period and $3,200 per ounce for the 6-month period.Gold prices surged past the significant $3,000 per ounce threshold on Tuesday, marking the second time in history that…
Legendary investor Warren Buffett’s conglomerate Berkshire Hathaway is reportedly considering unloading its real estate brokerage business.The multinational has even engaged in advanced talks already with Compass Inc over a potential transaction, according to the Wall Street Journal.While Gino Blefari – the chief executive at HomeServices of America has already refuted…
Walmart Inc plans on switching from Affirm to Klarna for “buy now, pay later” loans in 2025.AFRM shares are down nearly 10% following the revelation from sources that talked to CNBC today on condition of anonymity.It’s a significant potential hit to Affirm that relies heavily on partnerships to drive an…
The threat of a global trade war is casting a long shadow over the liquor industry, leaving industry giants like Brown-Forman and Diageo staring down the barrel of potentially devastating tariffs. With former President Trump threatening a staggering 200% tariff on European wines, champagnes, and spirits in retaliation for the…
The landscape of Indian entertainment is poised for a significant shift as Tata Sons receives the green light from the Competition Commission of India (CCI) to increase its stake in Tata Play. The regulatory nod clears the path for Tata Sons to acquire an additional 10% ownership from Baytree Investments…
The foundation of the US housing market appears to be cracking, as homebuilder sentiment plummeted to a seven-month low in March, signaling growing concerns about rising construction costs and economic uncertainty. A recent survey reveals a palpable shift in optimism, casting a shadow over the industry’s prospects.According to the latest…
Fitch Ratings has downgraded Ecopetrol’s outlook from stable to negative while keeping its credit rating of BB+. This surprising revision underscores the agency’s urgent need for a thorough reevaluation of Colombia’s economic topography, specifically their dimming predictions for the nation’s sovereign creditworthiness. According to Colombia media outlet, La Republica, the…
Investors should consider owning real estate investment trusts (REITs) amidst broader concerns that the US economy is headed for a recession, says Kevin Brown, a senior Morningstar analyst.“Real estate is showing up as a bright spot because the 10-year Treasury yield has come down,” he said in a recent interview…
Faced with a deluge of consumer complaints, India’s central bank is urging financial institutions to embrace the transformative power of artificial intelligence (AI). Central bank governor Sanjay Malhotra believes that AI-driven internal controls can be strategically leveraged to address a growing tide of grievances related to mis-selling and aggressive practices…
Harvard University is making a bold move to expand access to higher education, announcing that undergraduate tuition will be free for students from families earning $200,000 or less. The financial aid expansion, set to take effect in the 2025-26 academic year, aims to make the prestigious Ivy League institution more…