Precious metals fell sharply on Monday as investors resorted to booking profits after steep gains in the last few weeks. Silver and platinum dropped after hitting record highs earlier in the session. Gold prices also fell more than 5% as the yellow metal fell below the $4,500 per ounce level. Meanwhile, oil prices jumped more
Virtus Investment Partners’ chief market strategist Joe Terranova is reshaping his portfolio strategy heading into the new year. Speaking with CNBC today, Terranova confirmed that he’s exited his position in one of the largest gold exchange-traded funds (ETFs) despite the precious metals’ stellar run this year. Terranova’s decision to pull out of the SPDR Gold
Global markets opened Tuesday digesting a mix of defense contracts, economic data from South Korea, volatile commodity moves, and continued consolidation in the artificial intelligence sector. From Boeing’s major fighter jet order for Israel to Meta Platforms’ acquisition of fast-growing AI startup Manus, investors are weighing geopolitical risks alongside shifting growth signals in Asia and
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Prediction markets gained immense popularity in 2025 – moving well beyond commodities and into elections, sports, and even central bank appointments. Once niche hedging tools, they now attract mainstream attention and billions in trading volume. Former CFTC enforcement director Ian McGinley told CNBC that “prediction markets have existed for decades,” but their rapid expansion this
Big investors placed a flurry of options bets on Advanced Micro Devices (NASDAQ: AMD stock), according to Benzinga’s options scanner, which flagged 32 unusual trades. Calls outnumbered puts, and the largest tickets targeted a wide range of strikes from $140.0 to $280.0 over the last three months. The trading activity occurs because AMD’s stock price
Corcept Therapeutics (NASDAQ: CORT) crashed about 50% on Dec. 31 after the FDA requested additional data to support the efficacy of relacorilant, its candidate treatment for Cushing’s syndrome. The setback cast doubt on CORT’s pipeline strength and triggered a sharp re-evaluation by analysts. It underscores the market’s sensitivity to regulatory developments in small-cap drug makers.
Over 40 countries have started implementing sweeping new rules that seek to make crypto taxes more transparent and harder to avoid. According to a Financial Times report, crypto exchanges in the UK will now be required to collect complete details of user activity and report it to HM Revenue & Customs under global rules developed
Logan Mohtashami, a senior HousingWire analyst, believes mortgage rate stability – not rate cuts – will be the key driver for the US housing market in 2026. While many focus on the Fed policy, Mohtashami told CNBC today that the real story actually lies in whether mortgage rates can hold steady near 6% next year.
On December 1st, famed investor Jim Cramer looked into the camera on CNBC’s Mad Money and made a provocative statement – “maybe the stretched consumer is a false narrative.” At first glance, the statement seemed to fly in the face of conventional wisdom. For months, headlines have been dominated by “vibe-cession” talks, the impact of