Julie Morgan
๐ค SpeakerAppearances Over Time
Podcast Appearances
The 14% fall for gold puts it on track for its steepest fall since October of 2008, weighed down by a stronger dollar index and fading expectations of a U.S.
interest rate cut this year.
Prices are, however, up about 5% for the quarter.
But Goldman Sachs retains its bullish view on gold despite the recent sell-off, forecasting renewed gains by the end of this year.
According to media reports, analysts at Goldman said in a note that gold's medium-term outlook remains intact, and the precious metal may reach $5,400 an ounce, citing continued central bank purchases and two more U.S.
rate cuts this year.
General Motors is halting operations at factory zero until April 13th.
This extends downtime that initially started around March 16th.
The automaker said the move is meant to align EV output with current market demand.
after a roughly 50% cut in production at factory zero earlier this year.
This underscores a broader slowdown in EV adoption in the U.S.
GM has also taken significant financial hits tied to its EV strategy, including write-downs totaling about $7.6 billion.
Netflix is reportedly looking to double its coverage of NFL games.
The streamer is seeking a four-game package that would add a game on the day before Thanksgiving, as well as an international game.
Under its current package with the NFL expiring at the end of this calendar year, Netflix has a three-year deal for a specialized Christmas Day package, which typically includes two games.
According to the Wall Street Journal, the NFL is taking a flexible approach to selling additional games and could open up negotiations with other current rights holders, including Google and Amazon.
Now for a look at a few other articles that are trending.
Unilever and McCormick are near a merger to create a global food giant.
The Pentagon calls a report on Hegseth BlackRock Defense Fund bets before the Iran war as false and fabricated.
And Microsoft plans to invest over $1 billion in Thailand for cloud and AI infrastructure.