The gold price has hit record levels in 2024, leaving investors wondering just how high it can go. During a recent webinar presented by the Mining Network, host Simon Catt, asset management director at Arlington Group, was joined by a group of industry veterans who gave their thoughts on where…
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits sink by more than 96% during its fiscal fourth quarter, compared…
The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis in April as price growth in the economy remained elevated. Compared with March, prices climbed 0.3%, with rent and gasoline contributing 70% of the monthly increase, according to…
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first car, the L60 SUV, are set to begin in September, the company said. Pre-sales began after Wednesday’s launch event. Nio CEO William Li…
McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble, four-piece chicken nuggets, fries and a drink — and will run for roughly a month, beginning on June 25, according…
Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. Separately, Netflix announced it would launch its own advertising platform and no longer partner with Microsoft for that technology. The tech giant will…
Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth in the recent quarter came…
United Airlines said the Federal Aviation Administration has cleared it to start adding new aircraft and routes months after the regulator stepped up its scrutiny of the carrier following several safety incidents. “Today, we got some good news: after a careful review and discussion about the proactive safety steps United has taken to…
Chinese leader Xi Jinping and Russian President Vladimir Putin pledged to deepen their strategic partnership in Beijing on Thursday, in a stark show of their growing alignment as Moscow’s troops advance in Ukraine. Putin — whose delegation includes top defense and security officials — was welcomed by Xi to Beijing’s Great…
Slovakian police have charged a man in connection with the attempted assassination of Prime Minister Robert Fico, the country’s interior minister said Thursday. Fico is in a stable but serious condition after being shot five times from a close range and undergoing surgery, his deputy said Thursday. The assassination attempt rocked…