gold

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Group Inc. (NYSE: GS) on Tuesday reported better-than-expected revenue and earnings as the Company also named a new CEO.  The Company said net revenue rose 19% to USD 9.4 Billion in the second quarter ended June 30, 2018, beating ..

Buffett Proposed $3 Billion Uber Investment but Deal Crumbled

Buffett Proposed $3 Billion Uber Investment but Deal Crumbled

Earlier this year, Warren Buffet, one of the most successful investors of all time, proposed a $3 billion investment in Uber Technologies Inc. However, due to the disagreements over the terms and sum of the deal, their negotiation fell apart. Buffet..

Financial Advisers Warn Investors Against Investing in Speculative Assets

Financial Advisers Warn Investors Against Investing in Speculative Assets

SuperInvestor Seth Klarman once said that investments are assets that buy goods and services. In other words, they produce cash flow. This undercuts several commodities that consumers usually consider as investments. This includes gold and handbags...

Goldman Sachs Announces David Solomon as Next Sole CEO

Goldman Sachs Announces David Solomon as Next Sole CEO

Goldman Sachs Group Inc. (NYSE: GS) announced on Monday that David Solomon, current co-President, to replace Chief Executive Officer Lloyd Blankfein, as Harvey Schwartz, Goldman’s other co-President and co-Chief Operating Officer, will retire ..

Gold prices rise higher as Dollar Weakens

Gold prices rise higher as Dollar Weakens

Gold prices were traded higher on Monday due to a weak U.S. dollar.Spot gold rose 1.36 percent to $1,338.01 an ounce during Tuesday’s trading session, while U.S. gold futures for April delivery gained 1.33 percent to $1,333.50.DXY US dollar Cu..

Spotify Files to go Public in 2018

Spotify Files to go Public in 2018

Music streaming service Spotify announced its plans to go public in 2018. The company will trade under the New York Stock Exchange under the ticker SPOT, according to the company’s F1 filing.According to the filing, Spotify shares have traded ..

Gold Posted Biggest Weekly Loss This Year

Gold Posted Biggest Weekly Loss This Year

Gold price was traded lower on Friday due to a strong U.S. dollar.Spot gold fell 0.2 percent at $1,329.23 during Friday’s trading session. While U.S. Gold future for April delivery was traded 0.12 percent lower to $1,331.10 per ounce.This is t..