Central Bank Gold Buying Rebounds In April From Dramatic March Selloff First the good news: according to the latest World Gold Council update , central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which a...
Central Bank Gold Buying Rebounds In April From Dramatic March Selloff First the good news: according to the latest World Gold Council update , central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which at nearly 30 tons were the largest monthly gold sales in years, driven almost entirely by Turkey. Poland remained the top buyer in the month, while China accelerated its pace of purchases. According to WGC, Poland remained be the top buyer in the month (14t), while China intensified its pace of purchases: its 8t net purchase was the highest since December 2024 and extends its current buying run to 18 consecutive months. The Czech Republic shows similar consistency in purchases, having bought 3t in April, its 38th consecutive monthly purchase. Meanwhile, Russia continues its sales streak this month (6t), with y-t-d sales of 22t. Reported activity in April and y-t-d was concentrated in: National Bank of Poland drove much of April’s buying activity, having bought 14t. This brings Poland’s y-t-d gold purchases to 45t with its gold reserves at595t or about 30% of its total reserves. People’s Bank of China added 8t to its gold reserves during the month, highest since December 2024. Official gold reserves now stand at 9% of total reserves or around 2,322t. China has been consistently purchasing gold over the past 18 consecutive months. Czech National Bank’s modest but consistent 2t net purchases in April brings its gold reserves to 79t or 6% of its total reserves. Meanwhile, Central Bank of Uzbekistan sold 1t this month, though on a y-t-d basis, it remains a net purchaser (24t) and is second only to Poland. Uzbekistan’s reserves make up 88% of its total reserves or around 414t. Central Bank of Russia continued it recent streak of net sales for the fourth month with reported April n...
Choosing between Snowflake (NYSE:SNOW) and MongoDB (NASDAQ:MDB) involves weighing massive data warehousing scale against flexible database agility. Both companies are pivotal to the modern cloud ecosystem for retail investors. Snowflake specializes in centralizing fragmented data across different cloud providers, while MongoDB offers a flexible document database that developers love for building m...
Choosing between Snowflake (NYSE:SNOW) and MongoDB (NASDAQ:MDB) involves weighing massive data warehousing scale against flexible database agility. Both companies are pivotal to the modern cloud ecosystem for retail investors. Snowflake specializes in centralizing fragmented data across different cloud providers, while MongoDB offers a flexible document database that developers love for building modern applications. As enterprises prioritize digital transformation and artificial intelligence, both companies serve as critical infrastructure. This comparison evaluates their financials and valuations to see which represents a better opportunity today. Snowflake provides its AI Data Cloud, a platform used for data engineering and analytics. The company serves 790 of the Forbes Global 2000 firms and has over 733 customers that contribute more than $1 million in annual product revenue. As organizations worldwide increasingly invest in tech stocks to modernize their data stacks, the company continues to expand its reach across multiple public clouds. It effectively helps businesses break down data silos to gain better insights. Continue reading
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The ac...
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The actual performance was strong, but the stock had already priced in an even more aggressive outcome. Seeking Alpha Therefore, I believe that while the recent aftermarket decline does not diminish my view of the quality of the company, it does tell us a lot about the general behavior of the market. Broadcom continues to be one of the top players in AI infrastructure and generates exceptional margins and large amounts of cash relative to peers. However, like many other stocks with similar characteristics, Broadcom is now being heavily followed by investors and is likely to be viewed as “overpriced” at current levels. Broadcom has been in my portfolio for quite some time. However, I am holding it at this time with relatively small exposure to the position. While my confidence in the Company has not diminished, my lack of confidence in the current market environment led me to reduce my exposure to Broadcom a few weeks ago. Following the semiconductor sector’s rally and with a month filled with new IPOs and meetings from central bankers, I am focused on making tactical decisions and maintaining flexibility within my portfolios. I have detailed these views of the current market conditions extensively in my earlier articles . In my opinion, Broadcom is a great company. However, like most other great companies regardless of their strength and fundamentals, even great companies can become less attractive investments if their stock prices reflect too much positive sentiment. The Print In One Glance The company reported revenues of $22.2 billion during the last quarter. Year-over-year re...
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The ac...
JHVEPhoto/iStock Editorial via Getty Images Executive Summary Broadcom Inc.’s ( AVGO ) after-hours decline was not caused by poor quarterly results. Instead, it was almost the opposite: the result of excellent numbers meeting even higher expectations. This may seem unbelievable, but in reality the quarterly results were better than analysts’ estimates. And yet the stock fell as much as 12%. The actual performance was strong, but the stock had already priced in an even more aggressive outcome. Seeking Alpha Therefore, I believe that while the recent aftermarket decline does not diminish my view of the quality of the company, it does tell us a lot about the general behavior of the market. Broadcom continues to be one of the top players in AI infrastructure and generates exceptional margins and large amounts of cash relative to peers. However, like many other stocks with similar characteristics, Broadcom is now being heavily followed by investors and is likely to be viewed as “overpriced” at current levels. Broadcom has been in my portfolio for quite some time. However, I am holding it at this time with relatively small exposure to the position. While my confidence in the Company has not diminished, my lack of confidence in the current market environment led me to reduce my exposure to Broadcom a few weeks ago. Following the semiconductor sector’s rally and with a month filled with new IPOs and meetings from central bankers, I am focused on making tactical decisions and maintaining flexibility within my portfolios. I have detailed these views of the current market conditions extensively in my earlier articles . In my opinion, Broadcom is a great company. However, like most other great companies regardless of their strength and fundamentals, even great companies can become less attractive investments if their stock prices reflect too much positive sentiment. The Print In One Glance The company reported revenues of $22.2 billion during the last quarter. Year-over-year re...
IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth Space X is seeking to raise about $75bn through its imminent initial public offering, a company filing on Wednesday revealed, which would make it the largest IPO ever. If the stock market launch – primed for next week – goes accordingly, founder Elon Musk, the world’s wealthiest person, c...
IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth Space X is seeking to raise about $75bn through its imminent initial public offering, a company filing on Wednesday revealed, which would make it the largest IPO ever. If the stock market launch – primed for next week – goes accordingly, founder Elon Musk, the world’s wealthiest person, could be poised to make history as the first trillionaire. Continue reading...
The need for Beijing and Washington to pursue “reconciliation and cooperation” and avoid war is the central message of her US trip, Taiwan’s main opposition leader Cheng Li-wun said in San Francisco. Cheng, leading a delegation from the Kuomintang (KMT), arrived in San Francisco on Monday evening, beginning a two-week US visit closely watched in Beijing, Taipei and Washington. In San Francisco’s C...
The need for Beijing and Washington to pursue “reconciliation and cooperation” and avoid war is the central message of her US trip, Taiwan’s main opposition leader Cheng Li-wun said in San Francisco. Cheng, leading a delegation from the Kuomintang (KMT), arrived in San Francisco on Monday evening, beginning a two-week US visit closely watched in Beijing, Taipei and Washington. In San Francisco’s Chinatown on Tuesday, Cheng said China and the US should forge “a relationship of friendship and...
Brett Goldberg, Co-CEO and Co-Founder of TickPick, joined the program to discuss the current state of the ticket market as the NBA Finals between the Knicks and Spurs begin. He highlighted the contrasting behaviors in the secondary ticket market, noting that diehard fans are willing to pay premium prices to secure seats at major events, while some season ticket holders may choose to sell their tic...
Brett Goldberg, Co-CEO and Co-Founder of TickPick, joined the program to discuss the current state of the ticket market as the NBA Finals between the Knicks and Spurs begin. He highlighted the contrasting behaviors in the secondary ticket market, noting that diehard fans are willing to pay premium prices to secure seats at major events, while some season ticket holders may choose to sell their tickets to make a profit. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Foster care is an essential lifeline, providing stability, safety and a nurturing environment to vulnerable children who need shelter from traumatic situations. However, it is a challenge to find enough carers in most communities, including Hong Kong. Mother’s Choice has made a worthy appeal for more people from diverse backgrounds to step forward. The charity organisation said on Saturday that it...
Foster care is an essential lifeline, providing stability, safety and a nurturing environment to vulnerable children who need shelter from traumatic situations. However, it is a challenge to find enough carers in most communities, including Hong Kong. Mother’s Choice has made a worthy appeal for more people from diverse backgrounds to step forward. The charity organisation said on Saturday that it had 222 children on its official waiting list for placement. Its referrals increasingly involve...
Petco Health & Wellness Co. shares fell as much as 18% in postmarket trading after the company’s second-quarter forecast fell below consensus estimates, outweighing a better-than-expected first quarter including a return to positive revenue growth for the first time in nearly two years. The San Diego-based company said that adjusted Ebitda for the quarter reached $97.3 million in a statement Wedne...
Petco Health & Wellness Co. shares fell as much as 18% in postmarket trading after the company’s second-quarter forecast fell below consensus estimates, outweighing a better-than-expected first quarter including a return to positive revenue growth for the first time in nearly two years. The San Diego-based company said that adjusted Ebitda for the quarter reached $97.3 million in a statement Wednesday , a result above analyst estimates of $90 million and up 8.8% from last year. Net sales rose 0.2% to $1.5 billion, the first year-over-year sales growth after five consecutive quarters of contraction. Petco expects adjusted Ebitda of $110 million to $112 million in the second quarter. The company also forecast second-quarter sales growth of about 0.3% and reaffirmed its full-year adjusted Ebitda outlook of $415 million to $430 million. The pet health and wellness company said a partial tariff refund received in May should be offset in the second quarter by incremental tariffs and higher fuel costs. On the company’s earnings call, Chief Executive Officer Joel Anderson focused on Petco’s improvements in consumables, companion animal supplies and services such as grooming and veterinary care. Anderson noted, however, that the company’s turnaround is not finished. “We haven’t yet started to gain on market share,” Anderson said, adding that the company’s market share decline is “moderating significantly.” He also described 2026 as a “self-help year” for Petco, noting that the company can grow without the need of a lift from the pet industry overall. “We’ll take the tailwinds if they come,” Anderson said. Petco shares rose 8.5% this year through Wednesday’s close, compared with a 17% increase for the Russell 2000 index.
SpaceX is coming to market at a significantly overvalued price tag. *Stock prices used were the afternoon prices of June 1, 2026. The video was published on June 3, 2026. Continue reading
SpaceX is coming to market at a significantly overvalued price tag. *Stock prices used were the afternoon prices of June 1, 2026. The video was published on June 3, 2026. Continue reading
CNBC's Jim Cramer warned Wednesday that a wave of capital raises tied to the artificial intelligence boom could create a near-term headwind for stocks. "Bull markets can be killed by business conditions or interest rates or geopolitical turmoil, but the thing that most easily leads them to the slaughterhouse is an excess of new supply," the " Mad Money " host said. "Like any market, when supply ou...
CNBC's Jim Cramer warned Wednesday that a wave of capital raises tied to the artificial intelligence boom could create a near-term headwind for stocks. "Bull markets can be killed by business conditions or interest rates or geopolitical turmoil, but the thing that most easily leads them to the slaughterhouse is an excess of new supply," the " Mad Money " host said. "Like any market, when supply outstrips demand, prices go right down." Cramer pointed to a growing pipeline of companies are seeking capital to fund massive AI infrastructure buildouts, including highly anticipated IPOs from SpaceX , Anthropic and OpenAI , as well as Alphabet's recent $80 billion stock sale . While Alphabet's deal was absorbed smoothly by the market, Cramer worries the market could eventually become saturated if too many companies attempt to tap shareholders at the same time. "I get concerned that stock supply will overwhelm investor demand," he said. "Right now, looking at the calendar, I don't know how we are going to afford all of these deals without taking the market lower. It's too much capital at once." According to Cramer, the biggest risk is that investors will need to sell existing winners to fund the next generation of AI offerings. He suggested that dynamic may already be weighing on Nvidia , a holding in Cramer's Charitable Trust , the portfolio run by the CNBC Investing Club. "Nvidia's looking like the biggest piggy bank in the world," he said. The stock dropped 3.6% during Wednesday's session. Despite the near-term pressure, Cramer said the underlying AI investment thesis remains intact. "Once we get through this period and we see that the buyers of Nvidia's wares are making a ton of money, we are home free," he said. "Until then, it's a battlefield and you better don your armor." Jim Cramer's Guide to Investing Click here to read Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter Sign up now for the CNBC Investing Club to follow...
Competition is increasing across the board as companies see an easy target. *Stock prices used were the afternoon prices of June 1, 2026. The video was published on June 3, 2026. Continue reading
Competition is increasing across the board as companies see an easy target. *Stock prices used were the afternoon prices of June 1, 2026. The video was published on June 3, 2026. Continue reading
Jensen Huang sounded optimistic about the prospect of software companies. *Stock prices used were the afternoon prices of June 1, 2026. The video was published on June 3, 2026. Continue reading
Jensen Huang sounded optimistic about the prospect of software companies. *Stock prices used were the afternoon prices of June 1, 2026. The video was published on June 3, 2026. Continue reading