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Gold dips after Federal Reserve rate decision
  + stars: | 2022-12-14 | by ( ) www.cnbc.com   time to read: +1 min
Gold jewelry at a store ahead of the festival of Diwali in New Delhi, India on Sunday, Oct. 23, 2022. Gold prices dropped on Wednesday U.S. Federal Reserve's decision to hike interest rates by 50 basis points. Lower rates tend to boost gold prices because they cut the opportunity cost of holding non-yielding bullion. That continues to be the main focus of many of these asset classes, including gold," High Ridge Futures' Meger said. Elsewhere, silver rose 0.86% to $23.9321 per ounce, platinum fell 0.45% to $1,029.6387 and palladium lost 0.81% at $1,914.18.
Book your American Airlines flight with your Citi/AAdvantage credit card and select Citi Flex Pay to spread payments over time. Hinterhaus Productions/Getty ImagesCiti/AAdvantage cardholders can now use Flex Pay for large American Airlines purchases. Now, with your eligible Citi/AAdvantage credit card you can book any American Airlines flight (must be worth $75 or more), and pay down the large purchase in smaller, equal monthly payments. Earn American Airlines AAdvantage miles with no annual fee Check mark icon A check mark. How to pay for your flight with Citi Flex PayCiti/AAdvantage cardholders can choose the Flex Pay option at checkout either on aa.com or through the American Airlines app.
Neil Shah: Small cap companies are 'interestingly valued'
  + stars: | 2022-12-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeil Shah: Small cap companies are 'interestingly valued'Neil Shah, director at the investment research group Edison Group, explains why he likes one mining company that extracts metals such as platinum, palladium, and chrome.
CNN —The familiar tunes of “A Charlie Brown Christmas” transport us. In 1965, when “A Charlie Brown Christmas” first aired, Christmas jazz wasn’t exactly a thing. The musical formula they created didn’t just make “A Charlie Brown Christmas” an instant hit. “Bossa nova was one of the things that helped smooth its way to popularity.”A still from 1965's "A Charlie Brown Christmas." A woman listens to music from "A Charlie Brown Christmas" on her phone in 2013.
Shares in Sylvania Platinum , a little-known London-listed miner, are set to rise by 50%, according to Ben Davis, mining analyst at Liberum Capital. The company, which extracts metals such as platinum, palladium, and chrome, also offers an 8% dividend yield. Shares in the company were trading around £1 ($1.21) Friday, but Davis sees them hitting £1.50 in 12 months. Sylvania Platinum is also favored by Neil Shah, director at the investment research group Edison Group. The metals the company extracts are bought by both investors and industrial customers, which means their prices are more resilient than other commodities during economic downturns.
Gold slips as dollar firms to kick start big data week
  + stars: | 2022-12-12 | by ( ) www.cnbc.com   time to read: +2 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices fell on Monday, dragged down by a firmer dollar, while investors positioned for key U.S. inflation data and the Federal Reserve's rate-hike verdict due this week. Investors will keep a close eye on Tuesday's U.S. Consumer Price Index (CPI) data and Fed's final meeting of 2022 scheduled on Dec. 13-14. Additionally, the European Central Bank (ECB) and the Bank of England (BoE) are also set to announce rate hikes this week, as policymakers continue their battle against inflation. Spot silver lost 0.8% to $23.27, platinum fell 0.5% to $1,016.88 and palladium ticked 0.6% lower to $1,938.33.
Delta Sky Club locationsWithin the U.S., there are more than 50 Delta Sky Club locations in 35 airports, with a new outpost scheduled to open at Kansas City International Airport (MCI) in 2023. Outside the U.S., there is just one Delta Sky Club lounge at Tokyo Haneda International Airport (HND). Upcoming changes to Sky Club access policy Starting Jan. 1, 2023, Delta Sky Club memberships will only be available for purchase if you have Delta Silver Medallion elite status or higher. While existing Delta Sky Club memberships may be renewed — regardless of elite status — through the end of 2022, next year you'll need to have elite status with the airline in order to renew your Delta Sky Club membership. Cards that offer Delta lounge access With the recently announced changes, the value of the few cards that come with Delta Sky Club access has increased tremendously.
A long time agoAn artist's illustration reconstructs Greenland's unique ecosystem as it existed 2 million years ago. Beth ZaikenScientists in Denmark have found the world’s oldest DNA sequences in sediment from the ice age. The core, taken from northern Greenland, revealed that the polar region was once abundant with plant and animal life 2 million years ago. Mastodons, reindeer, geese, lemmings and hares lived in an ecosystem that was a mix of temperate and Arctic flora and fauna. The fossil includes the head, neck and body together — a rare discovery for the marine reptiles, which didn’t preserve well in one piece.
Gold flat as traders await U.S. inflation data, Fed meet next week
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: +1 min
Gold jewelry at a store ahead of the festival of Diwali in New Delhi, India on Sunday, Oct. 23, 2022. Gold prices were flat on Friday, with cautious investors focusing on key U.S. inflation data and Federal Reserve 's rate hike decision due next week. Bullion prices were set for a weekly loss of 0.5%, while the dollar index was headed for a week of gains. Market participants now expect a 93% chance of a 50-basis point rate hike at the Fed's final meeting of 2022 scheduled on Dec. 13-14. Higher interest rates tend to increase the opportunity cost of holding gold as it yields no interest.
Thomas Pallini/Business InsiderThe U.S. Bank Altitude® Connect Visa Signature® Card will add valuable new travel benefits in February 2023. According to my most recent account statement, the U.S. Bank Altitude® Connect Visa Signature® Card will add Priority Pass Select membership as a benefit as of February 2, 2023. Both the Hilton Honors American Express Surpass® Card ($95 annual fee) and The Hilton Honors American Express Business Card ($95 annual fee) come with a Priority Pass Select membership that includes 10 complimentary visits a year. Since the U.S. Bank Altitude® Connect Visa Signature® Card is at a similar price point, it's possible the new membership will be similar. You can read more about all the card's benefits and perks in our full US Bank Altitude Connect card review.
Gold inches lower as dollar ticks up
  + stars: | 2022-12-08 | by ( ) www.cnbc.com   time to read: +2 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices eased on Thursday as the dollar recovered slightly, while market participants await further direction on U.S. rate hikes from the Federal Reserve meeting next week. Spot gold fell 0.2% to $1,783.50 per ounce, as of 0248 GMT, after rising more than 1% on Wednesday supported by a pullback in the dollar and U.S. bond yields. The dollar might get weaker and this will anchor gold a bit," Spivak said. Spot silver inched 0.6% lower to $22.60, platinum lost 0.2% to $1,000.67 and palladium was flat at $1,844.20.
The gamma-ray burst, called GRB 211211A, lasted about a minute. Gamma-ray bursts are considered among the strongest and brightest explosions in the universe, and they can range from a few milliseconds to several hours in length. An artist's illustration of GRB 211211A shows the kilonova and gamma-ray burst (right) and ejected material from the explosion (left). After determining that a kilonova created the infrared light, astronomers grew even more puzzled by the gamma-ray burst’s duration. Gamma-ray bursts caused by these rare explosions have only ever been observed to last less than two seconds, but this signal lasted for at least one minute.
Marriott Bonvoy ski vacation hotelsOf the three major hotel chains in the US, Marriott has the largest number of properties catered toward ski vacations. Points required: A Category 7 property, requiring 25,000 to 35,000 World of Hyatt points per night. Points required: A Category 6 property, requiring 21,000 to 29,000 World of Hyatt points per night. Points required: A Category 7 property, requiring 25,000 to 35,000 World of Hyatt points per night. Points required: A Category 6 property, requiring From 21,000 to 29,000 World of Hyatt points per night.
Best Balance-Transfer Credit Cards
  + stars: | 2022-12-07 | by ( ) www.wsj.com   time to read: +16 min
We looked through cards from both large national banks and smaller credit unions to find the best 0% balance transfer offers that can help you pay down credit card debt. In addition to being the best balance transfer card, the Unlimited Cash Rewards card remains useful after you have paid off your credit card balance. While balance transfer credit cards can be a great tool for paying down debt, transferring your balance to a new credit card is not usually free. How We PickedTo pick Buy Side from WSJ’s Best Balance Transfer Credit Card, we looked for no-annual-fee credit cards offering balance transfers for new customers with 0% APR promotions. We preferred credit cards with longer balance transfer promotional periods and lower balance transfer initiation fees.
Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Capital One recently added a new benefit to the Capital One Venture X Rewards Credit Card. Anniversary bonusesCapital One Venture X Rewards Credit Card cardholders receive a 10,000-mile bonus each year on their account anniversary. Authorized usersThe Capital One Venture X Rewards Credit Card is the clear winner in terms of authorized user access and benefits. The Capital One Venture X Rewards Credit Card is comparatively inexpensive at $395 per year.
Gold struggles for momentum as investors await further Fed cues
  + stars: | 2022-12-07 | by ( ) www.cnbc.com   time to read: +1 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices struggled for momentum in early Asian trade on Wednesday as investors looked to next week's U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. U.S. gold futures were flat at $1,783.10. Fed fund futures are now pricing in a 91% chance of 50-basis point (bps) rate increase in the December meeting. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.3% to 906.06 tons on Tuesday.
LONDON, Dec 7 (Reuters) - The last year will go down as one of the most seismic in the history of the British royal family with the death of Queen Elizabeth months after she celebrated her record seventh decade as monarch, but 2023 could prove almost as momentous. Elizabeth's success had been to guide the monarchy into the modern world, riding out the many crises that befell her family. Most damaging of all is the rift with Charles's younger son Prince Harry and his wife Meghan, who now live in California, and their criticism of the royal household. Harry and Meghan's interview with U.S. talk show host Oprah Winfrey in March 2021 rocked the institution and the royal family will be anxiously waiting to see if there are further damning revelations in the book. The major set piece event for the year will be King Charles's coronation - a solemn and religious event conducted by the Archbishop of Canterbury, the spiritual head of the Anglican Communion.
Gold regains some ground as dollar dips
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: +1 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices edged up on Tuesday, helped by a slight pullback in the U.S. dollar, which makes the greenback-priced bullion less expensive for buyers holding other currencies. Bullion dropped from a five-month high to close 1.6% lower as the dollar rebounded after the data prompted speculation the Fed may lift interest rates more than recently projected. Higher interest rates tend to weigh on gold's appeal as they increase the opportunity cost of holding the non-yielding metal. The European Central Bank is also likely to raise interest rates by 50 bps next week amid ongoing inflationary concerns, governing council member Gabriel Makhlouf said on Monday.
Thomas Pallini/InsiderThe Capital One Venture X Rewards Credit Card offers Priority Pass Select airport lounge membership. But late last week, Capital One quietly updated the Priority Pass lounge access rules for the Capital One Venture X Rewards Credit Card. Now, instead of the Capital One Venture X Rewards Credit Card as the undisputed king of Priority Pass credit cards, your Priority Pass-conferring airport credit card will take a bit more deliberation. The Ritz Carlton Credit Card, while not publicly available, is still the best credit card for Priority Pass lounges because: It comes with a Priority Pass Select membership that gives you access to Priority Pass restaurants and non-lounge experiences. The Capital One Venture X Rewards Credit Card is the first Visa credit card to drop access to discounts at participating Priority Pass restaurants and other non-lounge experiences.
Gold prices inch higher on softer dollar
  + stars: | 2022-12-05 | by ( ) www.cnbc.com   time to read: +1 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices edged up on Monday and hovered near the key $1,800-level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies. Spot gold rose 0.1% to $1,800.02 per ounce as of 0027 GMT. Lower interest rates tend to be beneficial for gold as it reduces the opportunity cost of holding the non-yielding asset. Physical gold demand stalled in India last week on higher prices, while premiums fell in top consumer China as Covid-19 restrictions dulled activity.
CNN —After a 20th-anniversary tour of Jill Scott’s chart-topping album, “Who Is Jill Scott? : Words and Sounds Vol I” was forced to end prematurely due to the pandemic, it will resume. The tour, produced by Live Nation Urban, will play in over 20 markets across the country. It went double platinum album and earned her several Grammy nominations, including best new artist (2001), best R&B album (2001), and best female R&B vocal performance for three years in a row (2001-2003). Pre-sales for Scott’s tour will begin Dec. 6.
Car-rental company Hertz has agreed to pay $168 million in settlements with hundreds of customers. Hertz said the settlement will resolve almost all of the over 360 pending claims against it. One of the customers who joined the class-action lawsuit against Hertz for the false theft reports was arrested four times, according to the lawsuit. Nicholas Wright previously told Insider that his then-13-year-old daughter, who was with him during the incident with police, is in therapy and struggles to see law enforcement out on the street. "As a 14-year-old young lady that is going to be a long-term thing that she's probably going to struggle with for the rest of her life," Wright told Insider.
SummarySummary Companies Dollar index down 0.2%, hovers near 5-month lowLondon body creates database of Russian gold barsDec 5 (Reuters) - Gold prices rose to a five-month high on Monday, as the U.S. dollar weakened slightly after more Chinese cities relaxed COVID-19 restrictions over the weekend. The dollar index was down 0.2%, hovering near five-month lows. Lower interest rates tend to be beneficial for gold as it reduces the opportunity cost of holding the non-yielding asset. "Also, news that China is scaling back its COVID restrictions means that gold demand will increase in the region, further supporting prices," said Simpson. The London Bullion Market Association is creating a database of Russian gold bars held by banks in London to help prevent sanctions evasion by Russian companies or the Russian central bank, the industry group said on Friday.
If you've got a qualifying Amex card, such as The Platinum Card® from American Express , you don't have to worry about these new rules. But they're excellent news for anyone with a flavor of The Platinum Card® from American Express or Delta SkyMiles® Reserve American Express Card. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Day passes will also increase to $50 for those with cards like the Delta SkyMiles® Platinum American Express Card. The Delta SkyMiles® Reserve American Express Card charges a $550 annual fee ($145 cheaper than purchasing an annual membership).
Here's everything you need to know about paying your taxes with a credit card and the best cards to use. How to pay taxes with a credit cardYou'll have to pay your taxes through a third-party payment processor if you want to use a credit card, and they all charge credit card processing fees. If you want to pay state taxes or local taxes (like property taxes) with a credit card, you can try seeing if your tax agency accepts credit cards and charges reasonable fees. You should only pay your taxes with a credit card if you can afford to pay off your credit card bill immediately. Pay taxes with a credit card frequently asked questions (FAQ)Is there a cash advance fee if I pay taxes with a credit card?
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