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They’re opportunistic and adaptive,” said former CIA analyst Yaya Fanusie, now an adjunct senior fellow with the Center for a New American Security. It’s unclear how much money Hamas has received in cryptocurrency, but there’s evidence they have amassed significant amounts. Another $94 million was allegedly held by the Palestinian Islamic Jihad, a militant partner of Hamas, according to Elliptic, another analytics firm. Hamas additionally raises funds through informal taxes and smuggling, according to a Congressional Research Service report from May. Investigators were able to seize 150 cryptocurrency accounts “that laundered funds to and from” Hamas accounts, according to a DOJ news release.

Persons: launderers, European Union –, “ There’s, ”, Yaya Fanusie, –, Dmitry Machikhin, Arda Akartuna, Akartuna, Jake Sullivan, Iran “, Sullivan, Asher Perlin, Yitzchak Weinstock, Weinstock, “, al, Perlin Organizations: CNN, Hamas, Justice, Justice Department, European Union, Center, New, New American Security, Department of Homeland Security, ’, Reuters, Wall Street, Brigades, Palestine Islamic, US State Department, US Treasury Department, Islamic Revolutionary Guard Corps, Treasury, US Treasury, White, National, Congressional Research Service, US Justice Department, ”, Investigators, DOJ Locations: Iran, cryptocurrency, Israel, Washington ,, United States, New American, New Jersey, bitcoin, Jihad, Palestine, Turkey, Lebanon, Lebanese, Syria, Tehran, Jerusalem

“This legislation will help tackle the risks of social media affecting our children and protect their privacy.”The regulations sought by James and Gov. The legislation in New York also follows actions taken by other U.S. states this year to curb social media use among children. In March, Utah became the first state to pass laws that require minors to get parental consent before using social media. The U.S. Supreme Court is preparing to decide whether state attempts to regulate social media platforms violate the Constitution. The justices will review two laws from Florida and Texas that mostly aim to prevent social platforms from censoring users based on their viewpoints.

Persons: Letitia James, “, ” James, Kathy Hochul, Kathleen Spence, Spence, ” Spence, Antigone Davis, Meta’s, ”, Carl Szabo, NetChoice, James, TikTok, . Indiana, Maysoon Khan, Kelvin Chan Organizations: YouTube, James, New York Child Data, ”, European Union, Digital Services, General Data, EU, Regulators, The, Meta, TikTok, U.S, Supreme, Associated Press Locations: York, “ Young, Europe, California, New York, Utah, Arkansas, ., Florida, Texas, Albany, London

☆ Gold is losing its dazzle as bond yields and the dollar surge
▼ + stars: | 2023-10-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Investors tend to prefer government bonds over gold when yields are high, because they offer regular coupon payments. Why nursing schools are turning away thousands of applicantsAt a time when registered nurses are going on strike to protest staffing shortages, thousands of applicants who want to enter or advance in the profession are being turned away from nursing schools, reports CNN’s Tami Luhby. Staffing shortages are the main reason why nursing schools are not able to accept more students who want to become registered nurses. The Girl Scouts are discontinuing a cult-favorite cookieThe Girl Scouts are discontinuing a popular cookie just a year after its debut sparked a frenzy, reports my colleague Jordan Valinsky. Raspberry Rally won’t be sold this upcoming cookie-sales season, which runs January to April 2024, Girl Scouts of the USA has announced.

Persons: Richard Galanti, they’re restocked, Matt Dmytryszyn, “ There’s, ”, CNN’s Tami Luhby, preceptors, Preceptors, Judith Jarosinski, Read, Jordan Valinsky Organizations: CNN Business, Bell, CNN, Federal Reserve, Barrick Gold, Kinross Gold, Northam, Costco, American Association of Colleges of Nursing, Salisbury University’s School of Nursing, Girl Scouts, Scouts, USA, Girl Scouts ’, eBay Locations: Salisbury, Maryland

☆ South African rand slightly firms as US dollar dips
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Acquire Licensing RightsJOHANNESBURG, Oct 4 (Reuters) - The South African rand traded slightly higher on Wednesday following several days of weakness as the softening of the U.S. dollar supported risk sentiment. At 1619 GMT, the rand traded at 19.2800 against the dollar , about 0.3% stronger than its previous close. South Africa's benchmark 2030 government bond was weaker in afternoon deals, with the yield up 6.5 basis points to 11.085%. Reporting by Tannur Anders and Anait Miridzhanian; Editing by Alexander Winning and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Hutchings, Tannur Anders, Anait, Alexander Winning, Chris Reese Organizations: REUTERS, Rights, U.S ., P, Africa PMI, Local, Woolworths, Africa's, Thomson Locations: Rights JOHANNESBURG, Africa, Stillwater, Johannesburg

☆ Her son was an accused cult leader. She says he was a victim, too.
▼ + stars: | 2023-09-23 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +16 min

The man talking on the tape was her son, Michael Protzman. Michael Protzman got swept up in this alternate reality. We spoke to dozens of Americans whose lives and families have been affected by conspiracy theories, including Protzman’s own family. After Michael Protzman died this summer, some of his followers refused to believe he had passed. Vigrass never imagined that the conspiracy theories her brother was airing at the kitchen table could lead to him to join what she views as a cult.

Persons: CNN’s, O’Sullivan, Anderson Cooper, CNN —, “ John John, … Trump, Joe Kennedy, George Patton, Mussolini … ” Colleen Protzman, Michael Protzman, ”, “, John F, Kennedy Jr, Donald Trump, Kennedy, Junior —, “ He’ll, Trump, Jesus Christ, reemerge, opportunists, Protzman, Michael Brian Protzman, Michael “, Colleen Protzman, Michael, it’s, Sandy, ” Colleen Protzman, —, QAnon, Barack Obama, Rachel Maddow, Donie O'Sullivan, Michal Protzman, didn’t, JFK, Erica Vigrass, Jason, Erica, ‘ I’m, ’ ” Protzman’s, – Protzman, Erica Vigrass ’, Vigrass, ” Protzman, Jason –, They’re, Jesselyn Cook, It’s, Diane Benscoter, General, ” Benscoter Organizations: JFK, CNN, Dealey, Junior, Junior — JFK, WFAA, JFK Jr, Trump, Kennedys, Democratic Party, Michael Protzman CNN, Dallas CNN, Dealey Plaza, Dallas, Capitol, Facebook, Twitter, Hollywood, Unification Church, US Locations: United States, Dallas, JFK, Minnesota, Seattle, Washington, Dealey, –

☆ Sen. Bob Menendez allegedly had a stash of gold bars. That’s become a trend
▼ + stars: | 2023-09-22 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Sen. Bob Menendez, allegedly accepted gold bar bribes, prosecutors allege, according to a newly unsealed federal indictment. The value of a kilogram of gold hit a one-year-record high of nearly $66,000 in May, according to data Goldprice.org. If you can invest in gold, why do people want to physically own it? That’s because if, for instance, you invest in a gold ETF, “it’s still tied to the market,” he said. Other people who prefer to keep gold under their own roof store it in a gun safe or floor safe, he added.

Persons: New York CNN — Sen, Bob Menendez, It’s, Menendez didn’t, Jonathan Rose, ” Rose, Rose, Fitch, ”, it’s Organizations: New, New York CNN, Genesis Gold, Western Alliance, CNN, World Gold Council, IRS Locations: New York, “, Beverly Hills , California

☆ How rucking can give your walking routine a boost
▼ + stars: | 2023-09-16 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +6 min

CNN —If you enjoy walking for exercise, there’s a simple way to maximize your efforts — change your walk into a ruck. Rucking is walking with weight on your back, and it’s an increasingly popular form of exercise. One small September 2019 study showed 10 weeks of weighted walking and resistance training improved physical performance in men while significantly reducing their rate of perceived exertion. A person burns 30% to 45% more calories with weighted walking than when strolling sans backpack, Smith said. How to ruckWhile rucking is simple — walking with a backpack — there are several things to keep in mind before you grab your pack and head outside.

Persons: ”, Stew Smith, What’s, Smith, Mark Stephenson, Brigham, it’s, ” Stephenson, don’t, you’re, “ Don’t, ” Smith, ” It’s, that’s, rucking, “ It’s, “, ” Melanie Radzicki McManus Organizations: CNN, US Navy, US Naval Academy, US Army, Center for Sports Performance, Mass, ” Locations: Annapolis , Maryland, Foxborough , Massachusetts

☆ Bank of England bond sales creating a 'selling gold at the bottom' moment, strategist says
▼ + stars: | 2023-09-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | ReutersLONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle. Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF). The Bank of England, for its part, disputes that the asset sales are affecting markets in any substantive way.

Persons: Henry Nicholls, Christopher Mahon, Mahon, BOE, it's, Dave Ramsden, Ramsden Organizations: Bank of England, Reuters LONDON, Columbia, U.K . Treasury, Treasury, U.S . Federal Reserve, European Central Bank, Bank, U.K, . Bank of England, CNBC, Monetary, BNP Locations: City, London, Britain

☆ Investors have shifted to gold by the most since 2012, driven by central banks' buying spree, JPMorgan says
▼ + stars: | 2023-09-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

As central banks pile up gold reserves, investors are also accumulating the precious metal, JPMorgan reports. But its uncertain the central bank momentum will last, with buy ups normalizing last quarter. Since Russia's invasion of Ukraine in early 2022, foreign central banks have added to their gold reserves in an effort to be less dependent on the US dollar. However, this could have been due to turmoil in Turkey's local gold market, causing its central bank to increase sales. Central bank demand has driven the commodity's price beyond what would be suggested by real 10-year Treasury yields.

Organizations: JPMorgan, Service, World Gold, outflows Locations: Wall, Silicon, Ukraine, Russia, Central

☆ Gold slides to 1-week low on elevated US dollar, yields
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold prices extended losses to hit their lowest level in a week on Wednesday as U.S. Treasury yields and the dollar strengthened on expectations that interest rates are likely to remain high. The U.S. dollar hovered near six-month highs hit on Tuesday, while 10-year bond yields were at over one-week highs as markets weighed cues on interest rates. Federal Reserve Governor Christopher Waller said the latest round of economic data was giving the U.S. central bank space to see if it needs to raise interest rates again. Higher U.S. interest rates and Treasury bond yields raise the opportunity cost of holding gold, which does not earn any interest.

Persons: Christopher Waller, Jun Rong Organizations: Aurum, Treasury, U.S, Federal, CPI, Higher, Trust Locations: .

☆ US says 52 mln air bag inflators should be recalled over rupture threat
▼ + stars: | 2023-09-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Sept 5 (Reuters) - U.S. auto safety regulators said Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive need to be recalled because they may rupture and send dangerous metal fragments flying. Initially, the NHTSA said 67 million air bag inflators were unsafe, but on Tuesday it corrected that estimate to account for "over-inclusive responses reported to the agency by certain manufacturers over the course of the investigation." GM in May agreed to recall nearly 1 million vehicles with ARC air bag inflators after a rupture in March resulted in facial injuries to a driver. Delphi Automotive, acquired by Autoliv (ALV.N), manufactured approximately 11 million of the inflators under a licensing agreement with ARC, which manufactured the remaining 41 million inflators. The NHTSA has been scrutinizing air bag inflator ruptures for more than 15 years.

Persons: David Shepardson, Jonathan Oatis, Leslie Adler Organizations: ARC Automotive, Delphi, Traffic Safety Administration, ARC, General Motors, Ford Motor, Toyota, Volkswagen, NHTSA, GM, Delphi Automotive, Autoliv, Thomson Locations: United States

☆ Gold retreats as growth risks drive safe-haven bids to US dollar
▼ + stars: | 2023-09-05 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold was down 0.6% to $1,927.69 per ounce by 12:49 p.m. EDT (1649 GMT). Jitters about global growth, particularly in China and the euro zone, caused the safe-haven dollar to hit multi-month highs against a basket of currencies, making gold more expensive for overseas buyers. "The global growth slowdown story will eventually prove to be a positive for gold and that would only come once the market becomes more skeptical about the US recession risks." Silver shed 1.5% to $23.60 per ounce, logging its biggest daily drop in a month. Reporting by Harshit Verma in Bengaluru; Editing by Shinjini Ganguli and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Edward Moya, Christopher Waller, Harshit Verma, Shinjini Ganguli, Paul Simao Organizations: Waller, Data, U.S, Reuters, Federal Reserve, Fed, CNBC, Thomson Locations: China, Bengaluru

☆ US says 52 million air bag inflators should be recalled over rupture threat
▼ + stars: | 2023-09-05 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Sept 5 (Reuters) - U.S. auto safety regulators said on Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive need to be recalled because they may rupture and send dangerous metal fragments flying. GM in May agreed to recall nearly 1 million vehicles with ARC air bag inflators after a rupture in March resulted in facial injuries to a driver. Delphi Automotive, acquired by Autoliv (ALV.N), manufactured approximately 11 million of the inflators through 2004 under a licensing agreement with ARC, which manufactured the remaining 41 million inflators. NHTSA has been scrutinizing air bag inflator ruptures for more than 15 years. Over the last decade, more than 67 million Takata air bag inflators have been recalled in the United States and more than 100 million worldwide, the biggest auto safety callback on record.

Persons: Autoliv, David Shepardson, Jonathan Oatis, Leslie Adler, Timothy Gardner Organizations: ARC Automotive, Delphi, Traffic Safety Administration, ARC, NHTSA, General Motors, Ford Motor, Toyota, Hyundai, Kia, Mercedes, Benz, BMW, Volkswagen, ARC inflators, GM, Delphi Automotive, Autoliv, Thomson Locations: United States, U.S

☆ Gold retreats as growth risks drive safe-haven bids to U.S. dollar
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: +2 min

Gold slipped to a one-week low on Tuesday on rising bond yields and as investors opted for the U.S. dollar to hedge against global growth concerns. Spot gold declined 0.6% to $1,926.49 per ounce. Jitters about global growth, particularly in China and the Euro zone, caused rival safe-haven dollar to hit multi-month highs against a basket of currencies, making gold more expensive for overseas buyers. "The global growth slowdown story will eventually prove to be a positive for gold and that would only come once the market becomes more skeptical about the US recession risks." Silver shed 1.1% to $23.70 per ounce, logging its biggest daily drop in a month.

Persons: Gold, Edward Moya, Christopher Waller, Otunuga Organizations: U.S, Federal Reserve, Fed Locations: China

☆ Gold firms near one-month high with US inflation data on tap
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: +2 min

Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold prices firmed near one-month highs on Thursday as a fresh set of soft U.S. data added to expectations that the Federal Reserve will pause rake hikes this year, although inflation readings due later in the day could amend this outlook. U.S. gold futures steadied at $1,972.40. Among other metals, spot silver eased 0.3% to $24.59 per ounce, having climbed to a more than one-month high on Wednesday. Platinum steadied at $974.13 as it heads for its second consecutive monthly gain.

Persons: Michael Langford, Langford Organizations: Aurum, Federal, U.S, Treasury, Traders, Scorpion Minerals, Boston Fed Locations: U.S, China

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies JPMorgan Chase & Co FollowWASHINGTON, Aug 22 (Reuters) - Two former precious metals traders at JPMorgan Chase (JPM.N) were sentenced on Tuesday for engaging in fraud, attempted price manipulation and spoofing, the U.S. Justice Department said in a statement. Gregg Smith, 59, of Scarsdale, New York, was sentenced to two years in prison and a $50,000 fine while Michael Nowak, 49, of Montclair, New Jersey, was sentenced to one year and one day in prison and a $35,000 fine, the Justice Department said. Last year, Smith and Nowak were found guilty of fraud and other charges but acquitted of racketeering and conspiracy in a trial. Nowak was convicted on over a dozen charges including fraud, spoofing and attempted market manipulation, and Smith was convicted on 11 charges. JPMorgan agreed in 2020 to pay more than $920 million and admitted to wrongdoing to settle with the Justice Department and the Commodity Futures Trading Commission over these and other traders' conduct.

Persons: Andrew Kelly, Gregg Smith, Michael Nowak, Dodd, Frank, Smith, Nowak, Kanishka Singh, Andy Sullivan Organizations: United States Department of Justice, Washington , D.C, REUTERS, JPMorgan Chase, WASHINGTON, U.S . Justice Department, Justice Department, U.S, Congress, JPMorgan, Commodity Futures Trading Commission, Thomson Locations: Washington ,, Scarsdale , New York, Montclair , New Jersey, Washington

☆ Gold prices to breach all-time highs? Some expect bullion to hit $2,500
▼ + stars: | 2023-08-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

Spot gold prices hit a record intraday high of $2,072.5 on Aug. 7, 2020, according to data from Refinitiv. We also see a return of physical gold jewelry demand from China and India as both economies stabilize and retail spending returns. Gold prices tend to have an inverse relationship with interest rates. "We also see a return of physical gold jewelry demand from China and India as both economies stabilize and retail spending returns," Heng said. Chinese retail gold demand has been resilient in 2023 even as consumption of other commodities remained weak, Citi said in a July report.

Persons: Sven Hoppe, Bart Melek, Melek, David Neuhauser, Neuhauser, Randy Smallwood, Heng, Heng Koon, UOB Heng, Citi's, Doshi Organizations: Getty, Refinitiv, CNBC, Securities, U.S . Federal, Livermore Partners, Fed, Wheaton Precious Metals, greenback, Markets, Federal Reserve, Citi, Commodities, Future Publishing Locations: U.S, China, India, Yichang, Hubei province

☆ Meta is rehiring some of the thousands of workers it's laid off
▼ + stars: | 2023-08-09 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Many people let go by Meta are being rehired, although it can be for less pay than before. Many people laid off by Meta over the last several months are getting offers to rejoin the company. Any worker who was laid off from Meta since November has been allowed to reapply for available jobs, typically through a specific "alumni portal." And essentially all of the open roles are for individual contributor level work, as Meta has dramatically reduced its manager ranks . Still, the ratio of hiring "is 10:1" in favor of those who were recently laid off from Meta, another person familiar said.

Persons: Mark Zuckerberg, Elon Musk, he'd, aren't Organizations: Meta, Facebook, Twitter Locations: Meta

☆ Global money market funds see largest inflows since March amid US downgrade, economic woes
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jason Lee/Illustration/File PhotoAug 4 (Reuters) - Global money market funds attracted massive inflows in the week to Aug. 2 as investors sought safer assets amid a U.S. credit downgrade and weak economic data from the euro zone and China. Investors poured in a net $67.52 billion into global money market funds during the week, marking the biggest weekly net purchase since March 22, according to Refinitiv Lipper data. The U.S. and the European money market funds drew $58.56 billion and $14.35 billion worth of inflows, respectively, while Asia faced a second weekly outflow, amounting to $360 million. Riskier global equity funds still received inflows worth about $4.45 billion in a second straight week of net purchases. Data for 24,127 emerging market funds showed that investors withdrew about $487 million from bond funds after eight straight weeks of net purchases.

Persons: Jason Lee, Fitch, Gaurav Dogra, Patturaja, Shilpi Majumdar Organizations: Hong, REUTERS, Investors, Reuters Graphics Reuters, AAA, Global, Equity, Thomson Locations: Hong Kong, China, United States, Europe, U.S, Asia, Bengaluru

☆ A veteran chartmaster warns stocks will crash 11% from their peak as the remarkable market rally loses steam — but these 7 investments look destined for further gains
▼ + stars: | 2023-08-03 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

US stocks have defied all odds this year, and the market rally only strengthened in July. After two months of nearly nonstop gains for the S&P 500, a long-time chartmaster warns that the weakness that markets displayed in early August is just the beginning. As expected, the S&P 500 rallied after October when that headwind passed, and finished 2022 with a bang. Charts that Keller studies also indicate that this market rally has reached its late innings. Exchange-traded funds (ETFs) tracking those sectors include the Energy Select Sector SPDR Fund (XLE), the Financial Select Sector SPDR Fund (XLF), the Industrial Select Sector SPDR Fund (XLI), and the Materials Select Sector SPDR Fund (XLB).

Persons: David Keller, Keller, chartmaster, Stocks, headwind, Brace, we've, StockCharts.com, Keller doesn't Organizations: Energy, P Oil & Gas Exploration, Production, Commodities

☆ Toronto stocks start August on a weak note as commodity-linked sectors drag
▼ + stars: | 2023-08-01 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. ET (1417 GMT) on Tuesday, the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 84.12 points, or 0.41%, at 20,542.52. Data showed Canada's manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new orders, offsetting a pickup in production. Lower oil prices dragged the energy sector (.SPTTEN) down 0.7%. In the neighboring U.S., manufacturing appeared to stabilize at weaker levels in July, data showed, amid a gradual improvement in new orders.

Persons: Mark Blinch, Brian Madden, Siddarth, Shilpi Majumdar Organizations: Toronto Stock Exchange, REUTERS, Reuters, Toronto Stock, Bank of Canada, Investment, Silvercrest Metals, Thomson Locations: Toronto, China, U.S, Bengaluru

☆ Here's how to invest $100,000 right now, according to billionaire Mike Novogratz
▼ + stars: | 2023-08-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Billionaire Mike Novogratz would put $100,000 in Alibaba stock, silver, gold, ether, and bitcoin. That advice is for young and risk-tolerant investors, he told David Rubenstein on Bloomberg TV. But for more risk-averse investors, Novogratz said they should mainly focus on bonds. I'd be buying silver, gold, bitcoin and ethereum. His preferred assets have made gains year to date, with Alibaba up 12%, gold 7.7%, silver 3.5%, ether 52.5%, and bitcoin 74.4%.

Persons: Mike Novogratz, David Rubenstein, Novogratz, That'd, bitcoin, Larry Fink's, Fundstrat Organizations: Bloomberg, Service, Privacy, Galaxy Digital Locations: Wall, Silicon, Beijing, BlackRock

☆ Why is the US dollar losing its shine?
▼ + stars: | 2023-07-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

CNN —The US dollar’s decline has gained speed this month as investors pare back their interest rate expectations. Last week, that helped lead the US Dollar Index, which tracks the dollar versus the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, to its lowest level in more than a year. The dollar’s decline could offer some support to tech earnings, further boosting those stocks and in turn the broader rally. Gold prices have risen over 6% this year, supported by sliding Treasury yields and a decline in the dollar. The Dow slips to snap 13-day rallyThe Dow Jones Industrial Average index fell Thursday, cutting short a historic 13-day streak of gains.

Persons: pare, ”, Kathy Jones, Charles Schwab, Jones, Seema Shah, “ It’s, Shah, Gold, Dow, Read, Barbie ”, “ Oppenheimer, Matt Egan, “ Barbie, “ Oppenheimer ” Organizations: CNN Business, Bell, CNN, Federal, Swiss, Canadian, Fed, Microsoft, Apple, Asset Management, Japan, European Central Bank, Dow Jones, Nasdaq, Bank of America, Warner Bros Locations: Swedish

☆ Meta rallies as AI-powered ad sales drive 'monster' forecast
▼ + stars: | 2023-07-27 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

While Meta's 12% rise in second-quarter ad revenue surpassed the 3% growth at Alphabet's Google, earnings reports from both the digital ad behemoths reinforced a recovery in the sector. Smaller rival Snap (SNAP.N), however, disappointed on ad sales as advertisers stick to tried and true platforms. CEO Mark Zuckerberg said Reels now has an annual revenue run rate exceeding $10 billion, up from $3 billion last fall. Unsurprisingly, Reels monetization keeps improving," said Morningstar analyst Ali Mogharabi. "There is an element of uncertainty in CapEx spending growth for 2024.

Persons: Mark Shmulik, Bernstein, Mark Zuckerberg, Ali Mogharabi, Mark Mahaney, Aditya Soni, Saumyadeb Organizations: Google, Meta, Reuters Graphics, Evercore ISI, Thomson Locations: Bengaluru

☆ Use this strategy to generate portfolio income from your stocks as markets rise
▼ + stars: | 2023-07-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

An options strategy that's done just right will let you capture appreciation as stocks rise and generate some portfolio income. Enter covered calls. With covered calls, rising markets introduce an element of risk: Sell a covered call against a stock that takes off on a hot streak, and you miss an opportunity. "The Nasdaq 100 has had some incredible runs, and investors missed out on those if they were in the covered calls strategy," Armour said. "In a year like 2022, I'm not sure the Nasdaq 100 covered calls strategy would feel defensive."

Persons: Randy Frederick, Frederick, Bryan Armour, It's, Armour, I'm Organizations: Schwab Center, Financial Research, Corporation, Tech, Nvidia, Meta, Morningstar, JPMorgan Equity, Global, Nasdaq Locations: North America

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