Category: 6. Business
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A bet paid off: Lack of hedging a win for gold miners
A recent report from the World Gold Council showed a 99% year-over-year drop in hedging among gold miners through the third quarter of 2024. That bet paid off, as the spot price of gold rose from about $1,850 an ounce to all-time highs of… Continue Reading
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Gold’s Rise, Central Banks, and BRICS Influence with Chris Powell
In a recent interview with Sprott Money, Chris Powell, a prominent figure in the precious metals field, delved into the factors driving the surge in gold prices. Powell, known for his work with the Gold Anti-Trust Action Committee (GATA),… Continue Reading
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We Are in the Most Bullish Environment for GOLD Imaginable: Adrian Day
In a recent interview on Commodity Culture, renowned precious metals expert Adrian Day declared that we are currently in the “most bullish environment for gold imaginable.” This bold statement was backed by a comprehensive analysis of… Continue Reading
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Cabinet approves Israel’s 2025 budget
Israel’s cabinet has approved a NIS 607 billion budget for 2025 as well as budgetary adjustment measures totaling an additional NIS 37 billion. Ministry of Finance plans that were dropped at the last minute from the budget proposal… Continue Reading
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Amazon focuses on everyday items, to beat Temu, Shein
Amazon’s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein that offer rock bottom prices on goods they ship from China. People are Continue Reading
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Paz sells real estate assets for NIS 127m
Paz Retail and Energy (TASE: PAZ) reported today that it had sold land and logistics assets for a total of NIS 127 million to Egged Real Estate, the real estate arm of Egged Transportation and Keystone Infrastructure Fund (TASE:… Continue Reading
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Gov’t appoints Sharon Kedmi CEO of Israel Airports Authority
The Authority has been without a permanent CEO for over eighteen months, during the most testing period in Israel’s aviation history. Today, the government approved the recommendation… Continue Reading
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French court overturns Euronaval ban on Israeli cos
For the second time in the past four months, the Paris Commercial Court has overturned a decision by the French government to ban Israeli companies from a defense exhibition and has ruled that they can exhibit at the Euronaval… Continue Reading
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Why Gold Keeps Rising – Perhaps Because The Fed is About to Print Again
Gold keeps going up week after week after week, with corrections few and far between. What ever happened to those long multi-month declines? Will they return? Eventually, maybe, but probably not anytime soon. Why not? Because all central… Continue Reading
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Mobileye recognizes $2.7b goodwill loss
Israeli advanced driving assistance systems (ADAS) company Mobileye Global Inc. (Nasdaq: MBLY) recognized a $2.7 billion goodwill impairment loss in the third quarter of 2024. The company explained that this is a non-cash impairment… Continue Reading
