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Bloomberg Is Gold Set to Tear Even Higher? Four Key Charts to Watch (Bloomberg) — Just when the vaccine rollout and economic optimism left gold looking like last year’s metal, it staged a recovery.Bullion is one of the best-performing commodities this month, erasing almost all of this year’s losses. Investors have been lured back by gold’s appeal as an inflation hedge, while the Federal Reserve maintains its monetary stimulus and says price pressures should prove temporary. Spot gold… Source link

SoftBank Corp. subsidiary SB Power Corp. is to provide renewable energy to Yahoo Japan’s Shirakawa data center. Yahoo Japan said 95 percent of the electricity the company consumes in its business operations is through its data centers, and the company pledged in January to shift to 100 percent renewable energy by fiscal 2023. The electricity for the Shirakawa Data Centre… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link

Bitcoin is nursing losses on Friday despite hopes of more inflation-boosting U.S. stimulus to come. On Friday, President Joe Biden is set to release his first full budget, seeking $6 trillion in federal spending for the fiscal year 2022 and $8.2 trillion by 2021, The New York Times reports. The proposal shows the Biden administration remains undeterred by recent inflation fears and is unlikely to close the liquidity tap anytime soon, having already pumped trillions of dollars into the system… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

The NBA could barely bask in its slow return to normalcy, hardly get its feet into a non-bubble postseason before fans in three cities treated players to a full serving of disrespect. Ugly incidents Wednesday in Philadelphia, New York and Salt Lake City did nothing to foster appreciation between the players and fans, only reminding players why they often resented the paying customers to begin with. Fans being allowed back into NBA arenas added some soul to a game that relies on the entire… Source link

The two fans banned from Utah Jazz games after a verbal altercation with Russell Westbrook aren’t going to get $100 million from the Washington Wizards guard. A judge reportedly threw out a lawsuit filed by those fans Thursday, according to ESPN’s Adrian Wojnarowski.  The two fans – Shane Keisel and Jennifer Huff — filed a lawsuit against Westbrook alleging defamation and infliction of emotional stress. They were seeking $100 million. Keisel and Huff were banned from games after a run-in… Source link

The NBA went 3-for-3 with fans getting banned during Wednesday’s slate of NBA playoff games. A day after a Philadelphia 76ers fan got tossed and banned for dumping popcorn on Russell Westbrook and hours after the New York Knicks banned a fan for spitting on Trae Young, the Utah Jazz announced they had ejected and indefinitely banned three fans for a “verbal altercation” during Game 2 against the Memphis Grizzlies. From The New York Times’ Marc Stein: The Utah Jazz have zero tolerance for… Source link

It is already impossible for a single entity to kill bitcoin and its underlying blockchain technology, so state governments and regulators should embrace blockchain technology and cryptocurrencies, said the chief executive of the world’s biggest cryptocurrency exchange. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people’s heads,” Binance CEO Changpeng “CZ” Zhao said in a pre-recorded interview shown during CoinDesk’s Source link

Stock futures opened higher Thursday evening as investors awaited new economic data on consumer spending, income and inflation out Friday morning and considered stronger-than-expected data reports out earlier this week. Contracts on the S&P 500 advanced after the blue-chip index closed out a back-to-back session of gains on Thursday. Contracts on the Dow added more than 100 points, while contracts on the Nasdaq also increased in late trading.  Shares of Dow-component Salesforce (CRM) gained… Source link