The new milestone was reached when the precious metal’s spot price surpassed $2,500 per troy ounce — an all-time high. With gold bars typically weighing about 400 ounces, that would make each one worth more than $1 million. https://yhoo.it/4dQh6K3
Yahoo Finance
Online Audio and Video Media
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Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Sign up for our daily morning newsletter, the Morning Brief through our profile URL. Sign up for Yahoo Finance's Morning Brief Newsletter. Need-to-know market analysis and finance news delivered right to your inbox: https://bit.ly/3Fq3C7C
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https://yhoo.it/3aBnLwr
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Updates
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The German auto giant sold 14,869 BEV cars in July — about 300 more than Tesla last month. https://yhoo.it/46YYEg7
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Apple is planning its biggest product launch event of the year on Sept. 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday, citing people familiar with the situation. https://yhoo.it/4cU8DVv
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Uber's partnership with Cruise comes as Tesla CEO Elon Musk is set to unveil its delayed plans for a robotaxi product in October amid slowing demand for electric vehicles. https://yhoo.it/3yFJhMZ
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Is price gouging real, or is a product's price whatever the market will bear? 🤔 Vice President Kamala Harris unveiled her economic agenda in a North Carolina speech last week, including plans to end price gouging on food. Yahoo Finance senior reporter Madison Mills breaks down what exactly price gouging is and how supply and demand factor into the final sticker price paid by consumers. More: https://lnkd.in/eYj83FUX #yahoofinance #finance #money #economy #business
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Chick-fil-A wants to be known for more than its chicken sandwiches. The fast food titan has plans to launch its own streaming service, complete with a collection of original programs and a family-friendly game show. https://yhoo.it/3WTcHzf
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Federal Reserve Chair Jerome Powell sent a straightforward message to markets in a key speech on Friday, saying "the time has come" for the central bank to begin lowering interest rates. Speaking at the Kansas City Fed's annual economic symposium in Jackson Hole, Powell said: "The direction of travel is clear and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks." https://yhoo.it/3Xe1pHc
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Sales of existing homes rose in July as house hunters returned to the market with mortgage rates at their lowest levels since February. Existing home sales advanced 1.3% from June to a seasonally adjusted annual rate of 3.95 million, the National Association of REALTORS® said Thursday, stopping a four-month sales decline that began in March. Economists polled by Bloomberg expected existing sales to hit a pace of 3.94 million in July. On a yearly basis, sales of previously owned homes dropped 2.5% in July. The median home price climbed 4.2% in July to $422,600, the 13th straight month of annual price increases. A combination of limited inventory, rising prices, and high mortgage rates continue to weigh on housing activity. “Despite the modest gain, home sales are still sluggish,” NAR chief economist Lawrence Yun said in a statement. “But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates.” More: https://lnkd.in/eSXxfkiW #yahoofinance #finance #realestate #realty #realtors
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Gap officially changed its stock trading symbol on Thursday after going public on the New York Stock Exchange on May 19, 1976: It's now "GAP" rather than a nod to the navigation system "GPS." The move is not without symbolism attached to it. For one, the first Gap store opened on Aug. 22, 1969, on Ocean Avenue in San Francisco. The store — called The Gap — sold everything from Levi's jeans to cassettes. And two, it marks the one-year anniversary with former Barbie turnaround master Richard Dickson at the helm. "To some extent, it was an obvious conversation. I mean GPS or GAP, right? So there is, to some extent, one of those moments where you go, why not?" Dickson told Yahoo Finance Executive Editor Brian Sozzi at the New York Stock Exchange, surrounded by floor traders decked out in Gap denim and 1969 sweatshirts. The ticker change is the latest signal sent by Dickson that Gap will respect its heritage but aim to become competitive again by pivoting to a culturally relevant future. Shares of the 55-year-old apparel retailer are up more than 135% since Dickson took over. More: https://lnkd.in/e_YMnCBM #yahoofinance #finance #markets #business #retail #consumer
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Starting Thursday, Verizon customers can save up to $276 annually on the latest bundle of NFL+ Premium and Netflix. https://yhoo.it/3YU0Yms
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