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The U.S. labor market weakened, Fed’s Kaplan said

The expected turnaround this quarter “is more modest” than expected and, as a result, the unemployment rate this year is likely to be higher than previously thought, Dallas Fed President Robert Kaplan on Monday. “I think we have a rebound, but it’s more muted than this,” Kaplan said in an interview with Bloomberg Television. He said he now expects an …

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The price of gold hit another record high, closing at $ 2,000

Editor’s Note: In the extreme volatility of the market, stay on top of the daily news! Catch up in a few minutes with our quick summary of must-read news and expert opinions. Sign up here! (Kitco News) – Gold prices continued to be slightly higher in early US trading on Monday but hit another record high of $ 1,997.00, which …

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Chinese Artificial Company Filed Artificial $ 1.4 Billion Law Against Apple

Shanghai Zhizhen first accused Apple of patent infringement in 2012 (File) Shanghai: The Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i, has filed a lawsuit against Apple Inc., alleging that it has violated its patents. The company called for 10 billion yuan ($ 1.43 billion) in damages and demanded that Apple stop “producing, …

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A new electric truck SPAC called Lordstown is under construction and shares are selling

Lordstown Motors Corp. Endurance electric pickup truck was on display during an unveiling event in Lordstown, Ohio, US, on Thursday, June 25, 2020. Mateo Hatcher | Bloomberg | Photos of Getty Shares of DiamondPeak Holdings, a specialty acquisition company, jumped more than 20% during premarket trading on Monday after the company announced it would merge electric vehicle company Lordstown Motors. …

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Gold Gold Gets Positive Economic Data After Jumping to Record

(Bloomberg) – Gold opened the week with a surge in record, before gains were erased as European equities reverted to positive economic data and the dollar depreciated higher. Spot gold rose 11% in July, the biggest monthly gain since 2012, as investors weighed a weak dollar and recorded low real US yields. Strategies now consider government debt substitutes, such as …

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‘May Milk?’ is back – mustard not included

The dairy industry revived “Got Milk?” the slogan branded by a popular ad campaign from 1993 to 2014. The idea, more or less, is to make milk sexy by putting goofy white mustaches on celebrities like Britney Spears, Dennis Rodman, Jonathan Taylor Thomas, and even Kermit the Frog. But this time, most of the stars are TikTok-ers and YouTubers, and …

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The Dow, S&P 500 is set to kick off August trading higher as tech stocks continue rally, but coronavirus-focused stimulus talks stalled

MARKET SNAPSHOT © JOHANNES EISELE / AFP by Getty Images U.S. stock-index futures on Monday traded moderately higher after avoiding early action on the first day of trading in August, along with wrangling in Washington another round of coronavirus stimulus that supports some appetite for large-capitalization technology stocks viewed as more resilient to the economic effects of COVID-19 sensation. Load …

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