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Tariffs, Soft Data Drive Citi’s $3,500 Gold Outlook

Citigroup on Monday raised its three-month gold price forecast to $3,500 per ounce, up from $3,300, arguing that the US economic outlook is turning decisively negative. The bank also widened its expected trading band to $3,300–$3,600, compared with the prior $3,100–$3,500 range. “US growth and tariff-related inflation concerns are set to remain elevated during 2H’25, […]

Tesla Board Approves Fresh $29B Pay Structure for Elon Musk

Tesla‘s (Nasdaq: TSLA) board awarded CEO Elon Musk a new $29 billion compensation package, even as his previous record-breaking pay deal remains tied up in Delaware courts. The package grants Musk 96 million Tesla shares at $23.34 each, reflecting the company’s ongoing efforts to retain its CEO amid competing business interests and legal uncertainties. It […]

Amphenol to Buy CommScope’s Broadband Unit for $10.5 Billion

American cable producer Amphenol (NYSE: APH) has agreed to buy telco provider CommScope Holding’s (NASDAQ: COMM) Connectivity and Cable Solutions segment for $10.5 billion in cash. CommScope expects the sale to close in the first half of 2026. CommScope plans to retire all debt, redeem Carlyle Group’s preferred equity, and then issue a special dividend […]

US Super Squadron Deployment Tests North Korea’s Nuclear Ultimatum

The US Air Force is moving 31 F-16s from Kunsan to Osan Air Base—about 48 miles south of the Demilitarized Zone—just days after Kim Yo-jong, the sister of North Korean leader Kim Jong-un, warned that talks are impossible unless Washington drops its denuclearization demand. “Any attempt to deny the position of the DPRK as a […]

Tesla Ordered to Pay $243 Million in Fatal Autopilot Crash

Tesla (Nasdaq: TSLA) must pay $243 million in damages following a jury’s determination that the company shares responsibility for a deadly 2019 Autopilot-related crash in Florida, marking the automaker’s first courtroom loss in a wrongful death case involving its driver-assistance technology. The Miami federal jury assigned 33% of the blame to Tesla for the April […]

Factory Orders Dive 4.8%, Biggest Fall Since Pandemic-Lockdown Era

US factory orders fell 4.8% in June, erasing more than half of May’s tariff front-running 8.3% surge and marking the sharpest month-over-month decline since the pandemic lockdowns in April 2020. The pullback was widely anticipated—economists had penciled in the retreat in the same level—but the scale still underscores how volatile headline demand has become. The […]

Meta Platforms Faces $190B Penalty For Recording Menstrual Data

Meta Platforms broke California privacy law by recording women’s menstrual data without consent, a San Francisco federal jury ruled on Friday. The eight-member panel found the company intentionally “eavesdropped” on users of Flo Health’s fertility tracking app, violating the wiretapping provision of the California Invasion of Privacy Act. Flo transferred intimate details — including cycle […]

Boeing Defence Workers Strike Hits Fighter Jet Production

Boeing (NYSE: BA) faces fresh turbulence as 3,200 unionised defence-plant workers walked off the job at midnight Monday, its first defence-side strike since the mid-1990s and the company’s second work stoppage in under a year. The International Association of Machinists and Aerospace Workers District 837 rejected Boeing’s revised four-year contract that promised an average 40% […]

Ghislaine Maxwell Transferred to Minimum-Security Prison After Justice Department Interview

Jeffrey Epstein accomplice Ghislaine Maxwell has been moved to a minimum-security federal prison camp in Texas, prompting outrage from abuse survivors who denounce the transfer as unwarranted leniency. The Bureau of Prisons said Friday that Maxwell is housed at Federal Prison Camp Bryan, which typically accommodates nonviolent federal offenders. The relocation violates standard policy requiring […]

Element79 Gold To Acquire Gold Mountain In Cash-Stock Deal

Element79 Gold (CSE: ELEM) has executed a definitive asset purchase agreement that secures 100% ownership of the Gold Mountain Project in Lander County, Nevada—a package that covers 34 unpatented claims on the Battle Mountain trend. Consideration for the acquisition is 100 million Element79 shares priced at $0.02 (roughly $2 million) plus a deferred cash payment […]