delectus/iStock via Getty Images Since I last wrote about the gold Canadian miner Agnico Eagle Mines Limited ( AEM ) in September 2025, the stock has seen a marginal correction. Going by the gold price drop YTD, this would come as no surprise. Except for the fact that since last September, the SPDR Gold Shares ETF ( GLD ), which invests in gold bullion, is up by over 13% instead. In other words, A...
delectus/iStock via Getty Images Since I last wrote about the gold Canadian miner Agnico Eagle Mines Limited ( AEM ) in September 2025, the stock has seen a marginal correction. Going by the gold price drop YTD, this would come as no surprise. Except for the fact that since last September, the SPDR Gold Shares ETF ( GLD ), which invests in gold bullion, is up by over 13% instead. In other words, AEM's price drop is for reasons other than just a gold price correction. This raises the question—what explains it? And more importantly, can the stock rise from current levels? Price Returns (Sep 2025-Present): AEM, GLD, SP500 (Source: Seeking Alpha) Macros impact gold... First, a look at the reasons for why the stock has fallen. A look at the AEM price chart reveals that it was doing exceptionally well, with gains of 65% from the time I wrote until the war started. Since then, however, much like other gold mining stocks, it has been on a sharp downslide (see chart below). Underlying the drop is a 22% fall in the price of gold since, which is perplexing on the face of it considering that gold is the safe-haven investment in times of uncertainty. Price Returns (Feb 27, 2026 - Present): AEM, NEM, B, WPM (Source: Seeking Alpha) But two macro factors this time around have resulted in a price correction. These are as follows: A key macro fallout of the war was a fuel price rise. Brent crude's price pushed well past $100/bbl for the first time since 2022. Higher inflation has ensued , resulting in rising expectations of an interest rate increase , especially as the real economy remains firm. Higher interest rates mean that the opportunity cost of holding gold increases, reducing its demand. A stronger U.S. dollar YTD has also worked against gold. Since the yellow metal is invoiced in U.S. dollars, it becomes pricier in foreign currencies as a result. And this is after the gold price jumped by 75% last year already. Owing to macro conditions and gold price trends, the outlook on t...
The partnership, signed through Autoliv (Shanghai) Management, combines Autoliv's expertise in automotive safety systems with Xpeng's work in “smart” electric mobility.
The partnership, signed through Autoliv (Shanghai) Management, combines Autoliv's expertise in automotive safety systems with Xpeng's work in “smart” electric mobility.
Unprecedented overseas demand for US diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard as the US-Iran conflict reintensifies, pushing energy prices higher. Propane exports led the record outflow reported by the Energy Information Administration on Wednesday, with diesel, gasoline and jet fuel cargoes also setting sail at a robust pace. The...
Unprecedented overseas demand for US diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard as the US-Iran conflict reintensifies, pushing energy prices higher. Propane exports led the record outflow reported by the Energy Information Administration on Wednesday, with diesel, gasoline and jet fuel cargoes also setting sail at a robust pace. The data encompassing shipments for the week ended July 3 was released shortly before Russia announced a ban on diesel exports to cope with domestic shortages. Meanwhile, US attacks on Iran resumed overnight and President Donald Trump said more strikes are probable, sparking a rally across the oil complex. Diesel futures jumped as much as 14% in New York for the biggest intraday gain since the early days of the conflict. Demand for US fuel probably won’t abate any time soon, given the absence of shipments from Russia, the world’s No. 2 diesel exporter. US diesel exports were largely South America-bound, with Brazil the top recipient, according to analytics firm Kpler. But shipments to Europe, where prices also have soared , accounted for about 14% of the total. On the home front, stockpiles of diesel and other fuels have dwindled to the lowest seasonal levels in years, a situation that may test the nation’s capacity to continue playing the role of supplier of last resort . US diesel inventories rarely shrink to these levels at this time of year, the data showed. Gasoline stockpiles are at their lowest seasonal level since 2012. The lion’s share of the propane shipments were headed to Northeast Asia, particularly China and Japan, according to data from Vortexa. But because the cargoes are in transit, final destinations may change.
Parody candidate, expected to be Reform leader’s only challenger for seat, suggests ‘perhaps it’s all a fever dream’ Count Binface had been looking forward to a relaxing journey back to his home planet of Sigma IX when Nigel Farage dropped a political bombshell on Tuesday. Instead, Britain’s hottest new political property said he was left with no choice but to perform a swift intergalactic handbra...
Parody candidate, expected to be Reform leader’s only challenger for seat, suggests ‘perhaps it’s all a fever dream’ Count Binface had been looking forward to a relaxing journey back to his home planet of Sigma IX when Nigel Farage dropped a political bombshell on Tuesday. Instead, Britain’s hottest new political property said he was left with no choice but to perform a swift intergalactic handbrake turn when news broke that Farage had resigned as MP for Clacton, triggering the possibility of a byelection in the English coastal constituency he has represented since 2024. Continue reading...
Palantir Technologies (NASDAQ: PLTR) stock tumbled 4% through 12:45 p.m. ET Wednesday. You can probably blame Michael Burry for that. Image source: The Motley Fool. Continue reading
Palantir Technologies (NASDAQ: PLTR) stock tumbled 4% through 12:45 p.m. ET Wednesday. You can probably blame Michael Burry for that. Image source: The Motley Fool. Continue reading
September arabica coffee (KCU26 ) today is -8.90 (-2.80%), and September ICE robusta coffee (RMU26 ) is down -153 (-3.95%). Coffee prices are falling sharply for a second session today, giving back nearly all of Monday's parabolic rally. The surge in coffee prices to Monday's significant highs pushed prices to...
September arabica coffee (KCU26 ) today is -8.90 (-2.80%), and September ICE robusta coffee (RMU26 ) is down -153 (-3.95%). Coffee prices are falling sharply for a second session today, giving back nearly all of Monday's parabolic rally. The surge in coffee prices to Monday's significant highs pushed prices to...
Live cattle futures posted losses of 10 to 67 cents on the day. Open interest was down just 241 contracts, suggesting a rotation of ownership. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures were...
Live cattle futures posted losses of 10 to 67 cents on the day. Open interest was down just 241 contracts, suggesting a rotation of ownership. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures were...
Mohamed al-Wahidi died when a missile struck his taxi shortly before Egypt played Argentina in their last 16 match A Palestinian aid worker who had organised screenings of World Cup matches in Gaza was killed by an Israeli missile strike just before the game between Egypt and Argentina on Tuesday evening. Two brothers aged eight and 10 and another man who was in the street near the site of the att...
Mohamed al-Wahidi died when a missile struck his taxi shortly before Egypt played Argentina in their last 16 match A Palestinian aid worker who had organised screenings of World Cup matches in Gaza was killed by an Israeli missile strike just before the game between Egypt and Argentina on Tuesday evening. Two brothers aged eight and 10 and another man who was in the street near the site of the attack were also killed. Continue reading...
Wall Street is becoming more confident in Micron Technology (MU). A Melius analyst now says the chipmaker could become the sixth-largest public company in the United States. That would make it worth more thanBroadcom (AVGO) and even Taiwan Semiconductor (TSM). The analyst's claim is a bold ...
Wall Street is becoming more confident in Micron Technology (MU). A Melius analyst now says the chipmaker could become the sixth-largest public company in the United States. That would make it worth more thanBroadcom (AVGO) and even Taiwan Semiconductor (TSM). The analyst's claim is a bold ...
Tesla (NASDAQ: TSLA) stock is down about 7% on the year and off more than 15% from its 52-week high, as of this writing. However, things could be looking up after a dose of good news to start the month. First, the company announced that it had delivered 480,126 vehicles in the second quarter. This was well above the 406,000 deliveries expected by analysts, as compiled by StreetAccounts. That was a...
Tesla (NASDAQ: TSLA) stock is down about 7% on the year and off more than 15% from its 52-week high, as of this writing. However, things could be looking up after a dose of good news to start the month. First, the company announced that it had delivered 480,126 vehicles in the second quarter. This was well above the 406,000 deliveries expected by analysts, as compiled by StreetAccounts. That was also much higher than the approximately 384,000 vehicles it delivered in Q2 of last year. The outperformance appears to be largely driven by Europe, with Deutsche Bank forecasting a 40% increase in the region during the quarter. Cox Automotive, meanwhile, estimated that U.S. deliveries dropped 20%. Image source: The Motley Fool. Continue reading
Kalshi (KLASHI) suffered a legal setback after a federal judge rejected its request to block New York regulators from overseeing its sports prediction contracts, reported Bloomberg. Judge Analisa Torres ruled that New York’s gambling laws are not overridden by the federal Commodity Exchange Act (CEA), meaning the state can continue regulating Kalshi’s sports-event contracts. Kalshi argued that its...
Kalshi (KLASHI) suffered a legal setback after a federal judge rejected its request to block New York regulators from overseeing its sports prediction contracts, reported Bloomberg. Judge Analisa Torres ruled that New York’s gambling laws are not overridden by the federal Commodity Exchange Act (CEA), meaning the state can continue regulating Kalshi’s sports-event contracts. Kalshi argued that its prediction markets are financial products regulated only at the federal level and that complying with state gambling rules would conflict with exchange requirements. However, the court disagreed, saying the company failed to prove that it was impossible to comply with both federal rules and New York’s gambling laws. The judge noted that federal law does not prevent states from regulating issues connected to prediction market activity, particularly when it involves areas traditionally handled by states, such as gambling. The company said it will appeal the decision along with other prediction market platforms receiving support from the CFTC, which has been seeking greater federal authority over the industry and has argued that many prediction contracts should be treated as regulated derivatives rather than gambling products. The ruling adds to a broader legal battle between prediction market platforms and states, with courts continuing to weigh the balance between federal financial regulation and state gambling laws. More on Kalshi Inc Kalshi bets shift to Quantum, semiconductor stakes over OpenAI government deal Democratic leaders question Trump Media & Technology, Kalshi, Polymarket on IRS settlement Financial information for Kalshi Inc
Democratic candidates are promising to overhaul the Supreme Court and embracing bolder positions in midterm campaigning than the lawmakers they’d replace—a sign of how angry the left is about the direction of the conservative-dominated court. “The court has sacrificed its legitimacy. We must respond accordingly,” Colin Allred, now set to compete for his old seat in Texas’ 33rd Congressional Distri...
Democratic candidates are promising to overhaul the Supreme Court and embracing bolder positions in midterm campaigning than the lawmakers they’d replace—a sign of how angry the left is about the direction of the conservative-dominated court. “The court has sacrificed its legitimacy. We must respond accordingly,” Colin Allred, now set to compete for his old seat in Texas’ 33rd Congressional District, wrote in a May Substack post. Allred said he’d resisted calls to reform the Supreme Court until it gutted a key section of the Voting Rights Act in April. Now, he wrote, it’s time to expand the number of justices and institute term limits. Progressive Chris Rabb, the Democratic nominee to represent a Philadelphia congressional district, also called for expansion after the voting rights decision. “It’s time to pack the court and establish term limits to reclaim our judiciary,” Rabb wrote in a post. In Michigan, Abdul El-Sayed, a Democrat running for Senate, supports 10-year, renewable terms for the justices instead of lifetime appointments. El-Sayed’s campaign website calls the Supreme Court a “major impediment for democracy.” His primary opponents, Rep. Haley Stevens (D-Mich.) and State Sen. Mallory McMorrow, who suspended her campaign this week, have also supported versions of court reform. As has Illinois Lt. Gov. Juliana Stratton, who’s poised to be the state’s newest senator after her victory in a March primary. In addition to further weakening voting rights, progressives are furious with the conservative majority’s decisions in recent terms upending precedents that had curbed executive power and protected access to abortion. While calls for change intensified as the biggest decisions landed this spring, it remains to be seen if that new enthusiasm will actually help propel legislation to add justices or institute a binding ethics code should Democrats retake Congress. “That sense of urgency has been missing,” said former Rep. Mondaire Jones (D-N.Y.), a sponsor of a...
Arthur Fery is through to his first Wimbledon semi-final after an "incredible" victory over Italy's Flavio Cobolli on Centre Court. The British wildcard revealed he was always confident of pulling off a quarter-final win over Cobolli, having already defeated the Italian at the Australian Open earlier this year.
Arthur Fery is through to his first Wimbledon semi-final after an "incredible" victory over Italy's Flavio Cobolli on Centre Court. The British wildcard revealed he was always confident of pulling off a quarter-final win over Cobolli, having already defeated the Italian at the Australian Open earlier this year.
SpaceXAI has unveiled a new artificial intelligence model built in partnership with AI coding startup Cursor that’s meant to be more adept at finance, legal and coding tasks, in a bid by Elon Musk ’s firm to gain ground on rivals like Anthropic PBC and OpenAI . The software, called Grok 4.5, marks the first joint AI model developed by the two companies and comes just weeks after SpaceX formally ag...
SpaceXAI has unveiled a new artificial intelligence model built in partnership with AI coding startup Cursor that’s meant to be more adept at finance, legal and coding tasks, in a bid by Elon Musk ’s firm to gain ground on rivals like Anthropic PBC and OpenAI . The software, called Grok 4.5, marks the first joint AI model developed by the two companies and comes just weeks after SpaceX formally agreed to acquire Cursor in a deal that values the startup at $60 billion. The new model is designed to “handle difficult, long-running tasks,” according to a blog post Wednesday, including for software engineering, a key area of focus for many top AI developers. But unlike Cursor’s prior models, Grok 4.5 is aimed at tackling a wider mix of work, such as legal and financial services. Grok 4.5 also has increased cybersecurity capabilities, the blog post said. The work with Cursor is part of a broader effort by Musk’s company to catch up in the AI race and attract more business customers. Musk said earlier this year that his AI startup, known as xAI before it merged with SpaceX, had fallen behind on coding, prompting a wave of staffing changes to rebuild the venture. SpaceXAI, as the AI outfit is now known, released its first coding agent in May to compete with Anthropic’s offerings. Ahead of its long-awaited initial public offering, SpaceX announced that it had an agreement giving it the right to buy Cursor, one of the fastest-growing startups ever and a central player in the so-called vibe coding era. The two companies later began collaborating on a new model by sharing data and computing resources. Musk’s company has also been trying to focus on finance work to gain clients on Wall Street, Bloomberg has reported , in a further attempt to bolster revenue. The Grok 4.5 release coincides with a period of heightened government scrutiny of new models, particularly for cybersecurity capabilities. The Trump administration briefly imposed foreign access restrictions on Anthropic’s m...