Month: May 2024

Central Banks Buy Record Amounts Of Gold

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🚨 🚨 BREAKING: World central banks’ net gold purchases set a new record in Q1 2024. Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023. Purchases were led by Turkey, China, and India putting us on track for another record year

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Teva Surges To Five-Year High

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🚨 🚨 BREAKING: Teva hits a five-year high on schizophrenia trial win, Q1 beat

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Nubank Surpasses 100 Million Clients

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🇧🇷 🇧🇷 Nu Holdings Ltd., one of the world’s largest digital banks, surpassed 100 million clients across its operations in Brazil, Mexico and Colombia

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BofA: Do Not Sell In May

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🚨 🚨 Investors should ignore the adage about selling off equities in May as a big preelection summer rally could be coming, according to Bank of America

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Gold Has More Upside

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🚨 🚨 Macroeconomic uncertainties and mounting geopolitical tensions have given gold — the classic “safe haven” asset — a boost and our Algorithm sees Gold going even higher especially when rates are eventually cut. Talk To Us Now

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Chinese Stocks Are Bouncing Back. Why You Should Wait

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🇨🇳 🇨🇳 Chinese stocks are bouncing back. Why you should wait

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Why Are South Koreans Buying Gold?

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🇰🇷 🇰🇷 South Korea’s largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer customers mini gold bars — and they’re selling like hot cakes

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Gen AI To Bring Human-Like Robots

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🇨🇳 🇨🇳 ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world’s factories

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Starbucks Is Oversold. Here’s Why

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🇨🇳 🇨🇳 Starbucks Is Oversold. Here’s Why: China is now the world’s seventh largest coffee consumer and has even more branded coffee shops than the caffeine-addled US. This year, a new Starbucks will open in the country every other day. At the same time, the cost of robusta coffee, has surged 60% over the past year, reaching recently its highest in nearly half a century

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The “Millenial Birkin”

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🇯🇵 🇯🇵 The “Millenial Birkin:” A viral TikTok video of a woman reaching into her Uniqlo shoulder bag to pull out a long list of items including headphones, perfume and an EpiPen helped propel the product to global cult status. The company now wants to turn the bag into a fashion staple

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