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Gold futures down a second day, up a 6th week in a row
Gold prices ended lower on Thursday for a second day in a row, but posted a sixth straight weekly gain for the holiday-shortened week and remained within striking distance of the yellow metal’s all-time closing high for a most-active futures contract. Price action Market drivers Gold’s pullback Thursday is “likely related to profit taking or…
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Ciena’s stock pares losses as company reiterates forecast after Lumentum warning
Ciena Corp. reaffirmed its outlook Thursday after optical-networking component maker Lumentum Holdings Inc. lowered its own forecast the previous afternoon, citing an order cancellation from a major customer. See also: Lumentum stock sinks nearly 10% after forecast revision Networking company Ciena CIEN continues to expect $1.035 billion… Source
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Video shows BlackRock office in Paris being invaded as protests continue to grip France
The offices of asset manager BlackRock were invaded in Paris on Thursday, part of broader protests that have gripped France in response to pension reforms. One video circulating shows protesters entering the building. And another shows protesters outside. Reuters… Source
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COLB Stock Price | Columbia Banking System Inc. Stock Quote (U.S.: Nasdaq)
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Commercial real-estate prices could tumble 40%, rivaling declines from the 2008 financial crisis: Morgan Stanley
A downward spiral of commercial property prices can hurt sectors beyond the real-estate industry, warns Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. Morgan Stanley analysts think commercial property prices could tumble as much as 40%, nearing declines seen in the aftermath of the 2008 global financial crisis. The… Source
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My father named my late mother as a beneficiary on his $80,000 life insurance, but my stepmother says it belongs to her. Who’s right?
Dear Quentin, My dad died in September in Pennsylvania (although he was a Florida resident), and my stepmother insists there is no will and no estate, but then she texted to say that my father wanted me to inherit an account that listed my late mother as beneficiary. The insurance company told me this account…
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Levi’s stock suffers worst day on record as earnings show inventory issues continuing
Shares of Levi Strauss & Co. suffered their worst day on record Thursday, after the jeans maker topped revenue and profit expectations for its latest quarter but continued to deal with high inventory levels. Levi’s LEVI stock declined 16% on Thursday, its worst daily percentage decline since the San Francisco-based jeans maker returned to the…
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BPOP Stock Price | Popular Inc. Stock Quote (U.S.: Nasdaq)
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Tiger Woods isn’t the most wagered-on golfer at the Masters, unlike last year. See who is.
Tiger Woods was by far the most wagered-on golfer at the 2022 Masters, despite missing time after a car accident in 2021. But at this year’s tournament, he’s no longer the darling of bettors. Scottie Scheffler, Rory McIlroy and Jon Rahm are; people are placing the most bets, and wagering the most money on, them…
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U.S. stocks mostly higher in final hour of trade as investors parse jobless claims, await March jobs report
U.S. stocks traded mostly higher in the final hour of trade on Thursday, with the Dow Jones Industrial Average wavering between gains and losses, as investors digested weekly data on the number of Americans applying for unemployment benefits, while looking to Friday’s jobs report for signs of a slowing economy and the future of the…