Gold recoups losses as US yields slip after CPI data

Gold recoups losses as US yields slip after CPI data

Gold’s status as an inflation hedge has been challenged by higher bond yields, which translate into a higher opportunity cost of holding non-yielding bullion. READ FULL STORY. Reuters. PUBLISHED ON MAR 11, 2021 05:43 AM IST. Gold erased earlier …
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Franco-Nevada: Q4 Earnings Snapshot

TORONTO (AP) _ Franco-Nevada Corp. (FNV) on Wednesday reported fourth-quarter earnings of $176.7 million. On a per-share basis, the Toronto-based company said it had net income of 92 cents. Earnings, adjusted for asset impairment gains and …
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Oil Climbs as US Gasoline Stockpiles Drain Amid Rising Demand

Motor fuel consumption at the highest level since November · WTI crude futures add 0.4% after gaining 0.7% on Wednesday …
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More closings over hazard pay: Kroger shutters three stores in Los Angeles

Kroger said Wednesday it will close three stores in Los Angeles after local officials approved mandated $5-per-hour hazard pay for grocery and drug store workers during the COVID-19 crisis. The Cincinnati-based grocer will shutter two Ralphs and one Food …
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What's an NFT? It's What Makes GIFs Worth Big Bucks

In February, a 10-second video clip known as “Crossroads” by the digital artist Beeple sold at auction for $6.6 million. An animated image of a flying cat leaving a rainbow trail went for almost $600,000 that same month. A video of a LeBron James dunk sold for …
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