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  • Jan 03, 2025

Gold Declines as Traders Await Key US Economic Data

(Bloomberg) -- Gold erased gains as traders geared up for US economic data that may help them assess the outlook for interest rates in the year ahead. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysNYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueNYC Congestion Pricing Cleared by Judge for Sunday LaunchBullion fell 0.3% to $2,654 an ounce, t

  • Jan 03, 2025

Why Is Clean Tech Company N2OFF Stock Jumping Premarket Friday?

N2OFF, Inc. (NASDAQ:NITO) shares escalated premarket on Friday after the company signed a binding Letter of Intent with Solterra Brand Services Italy, a subsidiary of Solterra Ltd., for renewable energy projects in Italy. The agreement includes the purchase and development of two battery energy storage systems in Sicily, each with a capacity of 98MWp/392MWh. The projects involve a total investment of up to 2.35 million euros ($2.42 billion), structured in milestone payments. Upon project complet

  • Jan 03, 2025

How To Earn $500 A Month From KB Home Stock Ahead Of Q4 Earnings

KB Home (NYSE:KBH) will release earnings for its fourth quarter, after the closing bell on Thursday, Jan. 9. Analysts expect the Los Angeles-based company to report quarterly earnings at $2.46 per share, up from $1.85 per share in the year-ago period. KB Home projects to report quarterly revenue of $1.99 billion, compared to $1.67 billion a year earlier, according to data from Benzinga Pro. On Dec. 17, Wells Fargo analyst Sam Reid maintained KB Home with an Underweight rating. He also lowered th

  • Jan 03, 2025

Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

Global hedge funds taking long and short bets on stocks last year sported their highest average returns since 2020, Goldman Sachs said in a note, attributing the result to steady returns amid volatile markets. These hedge funds' total weighted average return came in at 12.75% for 2024, Goldman Sachs said in a private note to clients on Thursday that was seen by Reuters Friday. Fundamental equity managers' weighted average in 2020 was 22.53%, according to a Goldman note from December 2022.

  • Jan 03, 2025

Why Is Nu Skin Enterprises Stock Jumping Today?

Nu Skin Enterprises, Inc. (NYSE:NUS) saw its shares rise on Friday following the announcement of a strategic transaction by its Rhyz Inc. subsidiary. Rhyz has sold its Mavely affiliate marketing technology platform to Later, a portfolio company of Summit Partners, for approximately $250 million in cash and a minority equity stake in the combined Later/Mavely business. The deal, which also includes $33 million to be paid to other equity holders in the Mavely business, is part of Nu Skin’s broader

  • Jan 03, 2025

Dollar stays near two-year high, stocks struggle

SINGAPORE/LONDON (Reuters) -The dollar dipped but stayed close to a two-year high against a group of peers on Friday on investor bets the gap between growth in the U.S. and elsewhere will widen, while Chinese blue chips suffered their biggest weekly fall since 2022. "If a currency’s valuation is an expression of the degree of confidence in the growth outlook relative to other economies, it is a damning assessment of how the market reads the euro zone outlook versus that of the U.S. in 2025," said Kenneth Broux, head of corporate research FX and rates at Societe Generale. The U.S. currency rallied late last year as investors bet President-elect Donald Trump's policies would drive growth and inflation, meaning fewer further rate cuts from the Federal Reserve and higher yields on U.S. Treasuries, when European central banks are set to keep cutting rates.

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