Gold Reserve Exits US Bidding for Citgo Parent Shares
Houston-based Citgo, the seventh largest US refiner by volume, is the crown jewel of Venezuela’s companies overseas and has been the target of creditors seeking compensation for late President Hugo Chavez’ nationalization wave and President Nicolas Maduro’s failed debt payments. The court found the Citgo parent liable for debt defaults and expropriations and 18 creditors […]
Federal Reserve Slashes Rates by 0.5% in Bold Beginning to…
The Federal Reserve announced on Wednesday that it will lower its benchmark interest rate to a target range between 4.75% and 5.00%. That represents a half percentage point from the previous range of between 5.25% and 5.50%. The cut came after weeks of speculation whether the central bank would choose to reduce rates aggressively or […]
7 F-Rated Stocks to Consider Selling in August 2024
There’s nothing wrong with trying to get in early on a stock. Some of your best winners will be companies you identify before the rest of the pack – that’s why investors spend a lot of time researching new trends and trying to get in on the ground floor, but these F-rated stocks to sell […]
7 Green Energy Stocks That Could See Gains from Sustainability Trends
The global renewable energy market is expected to blossom with the help of supportive policies and technological advancements. This creates an attractive backdrop for green energy stocks. An important factor contributing to successful flourishing is the decrease in cost for developing renewable energy technologies. For example, solar panels’ and wind turbines’ prices have decreased. So, […]
Increasing the Meta Stock’s Fair Value through AI and Ad…
We are raising our fair value estimate for wide-moat Meta (META) to $560 from $450 after taking a fresh look at the firm’s overall business and incorporating a more optimistic outlook on the firm’s investments in artificial intelligence, especially as they relate to Meta’s ability to improve its ad-targeting business. • Fair Value Estimate: $560• […]
Gold Loses Luster Following Fed Announcement – MINING.COM
That made for a serious 2.0% intraday drop post-Fed, leaving gold down 0.5% to $2,555 by the close! That reaction looked stunning and anomalous to many traders given the super-dovishness spewed by the FOMC. Its first rate cut in 4.5 years was a crisis-level 50bp instead of the usual 25bp. Just hours earlier, a Bloomberg […]
7 Top Performing Stocks Priced Under $10 Likely to Benefit from Rate Cuts
To understand the allure of buying the best stocks under $10, it’s a good idea to go back to basics. A stock’s price reflects how much you pay for one dollar of a company’s earnings. So, investors will generally want to pay as little as they can today. The benefit is two-fold. First, they can […]
The Implications of the Recent Mortgage Amortization Rule on…
In a landmark decision, the Liberal government introduced new mortgage rules allowing Canadians to pay off their mortgage over 30 years, up from the previous bar of 25 years. Under the new rule, which comes into effect on Dec. 15, 2024, first-time homebuyers and buyers of newly built homes can now stretch their amortization period—the […]
Kazakhstan’s Strategic Play: Elevating Its Role in the Global Electric Vehicle Battery Landscape
Kazakhstan is on the brink of becoming a major player in the rapidly evolving electric vehicle (EV) battery market, leveraging its rich natural resources to meet the growing global demand for critical metals. With strategic initiatives aimed at expanding production and processing capabilities, the nation is positioning itself as a reliable partner amidst geopolitical uncertainties […]
Alaska Energy Metals – Now One of The Largest US Nickel Deposits!
One of The Largest US Nickel Deposits! Sponsored by Alaska Energy Metals Corp Alaska Energy Metals trading on the TSX-V-AEMC and the OTCQB-AKEMF has just released a substantially increased updated mineral resource estimate (MRE) on their Nikolai project in central Alaska. The market was generally expecting a double or triple of the existing maiden resource of ~1.5 billion pounds of […]