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☆ In older adults, a little excess weigh may be OK
▼ + stars: | 2023-07-14 | by ( Judith Graham | Kff Health News | ) edition.cnn.com time to read: +9 min

For years, experts have debated what to advise older adults in this situation. Only 27% to 44% of older adults meet these guidelines, according to various surveys. Epidemiologic research suggests that the ideal body mass index (BMI) might be higher for older adults than younger adults. The study’s conclusion: “The WHO healthy weight range may not be suitable for older adults.” Instead, being overweight may be beneficial for older adults, while being notably thin can be problematic, contributing to the potential for frailty. Indeed, an optimal BMI for older adults may be in the range of 24 to 29, Carl Lavie, a well-known obesity researcher, suggested in a separate study reviewing the evidence surrounding obesity in older adults.

Persons: they’ve, ”, Mitchell Lazar, we’re, John Batsis, Anne Newman, —, Carl Lavie, Lavie, “, ” Lavie, Newman, you’re, Dinesh Edem, Dennis Kerrigan, Katie Dodd Organizations: CNN, US Centers for Disease Control, Institute for Diabetes, University, Pennsylvania’s Perelman, of Medicine, University of North Carolina School of Medicine, Center for Aging, Health, University of Pittsburgh School of Public Health, BMI, World Health Organization, WHO, University of Pittsburgh, University of North, University of Arkansas, Medical Sciences, Henry Ford Health, Kaiser Health, KFF Locations: —, Chapel Hill, New Orleans, University of North Carolina, Michigan

Spot gold held its ground at $1,926.19 per ounce by 0231 GMT. The dollar (.DXY) was near a two-month low on prospects of lower rates, while benchmark U.S. yields hovered near Monday's lows at 4.0018%. A weaker dollar makes gold cheaper for holders of foreign currencies. "As we've become accustomed to inflation decelerating, an upside surprise would spark the most volatile reaction and weigh on gold. Gold bulls need inflation to behave to justify a bullish breakout," Simpson added.

Persons: Matt Simpson, we've, Simpson, Seher, Sherry Jacob, Phillips Organizations: Index, U.S, Investors, U.S . CPI, Consumer, Thomson Locations: Wednesday's U.S, China, Bengaluru

☆ Gold firms as US jobs data raises doubts on aggressive rate hikes
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

FUNDAMENTALS* Spot gold was up 0.1% at $1,925.49 per ounce by 0104 GMT. * An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. * SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.3% on Friday. * Data on Friday showed COMEX gold speculators raised net long position by 12,733 contracts to 99,205 in week ended July 3. * In other precious metals, spot silver gained 0.1% to $23.09, platinum added 0.4% to $911.40, and palladium climbed 0.2% to $1,246.86.

Persons: Janet Yellen, Swati Verma, Sherry Jacob, Phillips Organizations: Labor, . Treasury, West, Trust, Thomson Locations: U.S, Beijing, Russia

☆ Over half a million silver coins just vanished – now the metals dealer behind the 'fraudulent' scheme must pay $146 million
▼ + stars: | 2023-07-04 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

A precious metals dealer has been asked to pay up $146 million in damages after over half a million silver coins went missing. Robert Higgins ran a "fraudulent and deceptive scheme" linked to the purchase and sale of precious metals, the CFTC said. From 2014 to 2022, Higgins led a 'fraudulent silver leasing program' that took deposits from almost 200 customers. Higgins ran a "fraudulent and deceptive scheme", and was ordered to pay $113 million to clients and $33 million in penalties, according to the CFTC. The precious metals industry has seen a series of scams in recent times.

Persons: Robert Higgins, Higgins, —, Prateek Gupta Organizations: Service, Commodities Futures Trading Commission, Asset, Depository Company, US Treasury, London Metal Exchange Locations: Delaware, Rotterdam, Singapore

☆ Stocks rise on strong housing data, bolstering our newest Club holding
▼ + stars: | 2023-06-27 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. JPMorgan analysts slightly lowered their price target on Coterra stock to $31 per share from $33 — but that still represents a lot of upside from here. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wall, bode, Stanley Black, Decker, We're, Bernstein, Coterra, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Coterra Energy, Census Bureau, Citi, Coterra Energy JPMorgan, JPMorgan

☆ Bank of America warns that the time-tested 60/40 portfolio strategy is on its deathbed — but you can still profit by making these 11 investments
▼ + stars: | 2023-06-21 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The 60/40 portfolio doesn't work anymore, according to Bank of America. If the 60/40 portfolio was on life support last year, this year its demise is now "confirmed," Woodard wrote. Bonds require 40% of the assets in a 60/40 portfolio but have delivered only 25% of the returns since 1920, he noted. Weak bond returns will lead to "another lost decade" for the 60/40 portfolio, in Woodard's words. For income, Bank of America's researchers unveiled a strategy called "dynamic prudent yield" that promises to beat bond indexes while carrying less risk.

Persons: Bonds, Jared Woodard, Woodard, Woodward, Schwab Organizations: Bank of America, Bank of, RSP, Vanguard, Energy, P Metals, Mining, Uranium, Research, Government Bond ETF, First Trust, Income, Muni Bond ETF, Muni, Blackstone Senior Loan, of America, Bond, SPDR Bloomberg Convertible Securities ETF, US, iShares, Securities ETF, VanEck Preferred Securities, Financials, Bloomberg, Treasury Bond ETF, Treasury

☆ Stock market news: The Fed meets next week. What can investors expect?
▼ + stars: | 2023-06-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 Index last week entered a bull market, meaning that it notched a 20% rally from its low in October. Moreover, investors appeared calmer than they have in years, after the United States suspended the debt ceiling in time to avoid a default, allowing investors to breathe a sigh of relief. The May Consumer Price Index and Producer Price Index reports, two key inflation prints, are also due the days that the Fed meets. But the United States could still suffer a downgrade to its credit rating, even though it avoided losing its ability to make payments on time. Tuesday: Consumer Price Index report for May and NFIB small business optimism index.

Persons: CNN — Stocks, Price, ”, JJ Kinahan, there’s, Karim El Nokali, Jerome Powell, ” El Nokali, —, Joe Biden, Benjamin Jeffery, Patrick Klein, ” Josh Lipsky, it’s, Olivier d’Assier, “ It’s, George Mateyo Organizations: CNN Business, Bell, CNN, Nasdaq, United, Fed, IG North America, Fitch, AAA, BMO Capital Markets, Franklin, GeoEconomics, International Monetary Fund, Treasury Department, US Treasury, Key Private Bank, Federal Reserve Bank of New York Survey, Consumer, Federal Reserve, Federal, University of Michigan Locations: United States, US

☆ China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
▼ + stars: | 2023-06-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

It's not alone in boosting its gold holdings, as central banks shed dollar reserves. The country's central bank purchased 16 tons of the reserve commodity last month, continuing a trend started in November. According to a WGC survey from May, half of central banks expect the dollar's share of reserves to continue sliding, accounting for 40-50% in the next five years. The same survey found that a quarter of central banks intend to add to their gold holdings over the next year. China ended May with $3.18 trillion in foreign currency reserves, compared with April's $3.20 trillion, data from the People's Bank of China showed.

Persons: It's, — Organizations: Service, Bloomberg, Gold, China, People's Bank of China Locations: China, Russia, Ukraine, Singapore

☆ IBA wants boxing in Olympics but will not be run by third parties - Kremlev
▼ + stars: | 2023-06-06 | by ( Karolos Grohmann | ) www.reuters.com time to read: +4 min

PARIS, June 6 (Reuters) - Boxing must stay in the Olympic Games and the International Boxing Association (IBA) will do everything for it to happen but the sport also wants respect and will not be run by third parties, IBA President Umar Kremlev said. "The current crisis situation and the past scandals were all situations created by the member of the IOC, Mr CK Wu." The IOC has not sanctioned CK Wu, who in 2020 resigned from the Olympic body citing medical reasons. According to the IBA report, repeated efforts by IBA officials to meet with IOC officials were ignored. We would like the IOC to also achieve this principle of becoming the home of the Olympic movement," Kremlev said.

Persons: Umar Kremlev, Kremlev, Thomas Bach, CK Wu, Wu, Taiwan's Wu, Karolos Grohmann, Ken Ferris Organizations: Olympic Games, International Boxing Association, Reuters, IBA, IOC, AIBA, CK, Gazprom, Thomson Locations: Los, Russia, Ukraine, Moscow, Russian

☆ US slaps sanctions on Iranian, Chinese targets over Tehran's missile, military programs
▼ + stars: | 2023-06-06 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +3 min

Iran's mission to the United Nations in New York and China's embassy in Washington did not immediately respond to requests for comment. China has been a major buyer of Iranian oil despite U.S. sanctions designed to choke off these exports. Washington targeted centrifuge sales to Parchin Chemical Industries (PCI), dual-use metals sales to its intermediary, P.B. Co., Ltd, which the Treasury accused of selling centrifuges and other equipment and services worth hundreds of thousands of dollars to PCI with P.B. Sadr and PCI, as well as the other companies, could not immediately be reached for comment.

Persons: Davoud Damghani, Brian Nelson, Sadr, Zhejiang Qingji, Daphne Psaledakis, Doina Chiacu, Susan Heavey, Arshad Mohammed, David Brunnstrom, Chizu Nomiyama, Mark Heinrich Our Organizations: . Treasury, Armed Forces Logistics, Terrorism, Financial Intelligence, United Nations, Parchin Chemical Industries, PCI, Zhejiang Qingji, P.B, Treasury, Hong, Hong Kong Ke.Do International Trade Co, Qingdao Zhongrongtong Trade, Co, Thomson Locations: United States, Iran, China, Hong Kong, Beijing, U.S, Washington, Tehran, New York, . Sadr, Zhejiang, Zhejiang Qingji Ind, Sadr, Qingdao

☆ Russia's economy is at China's mercy. Here's why that won't be changing anytime soon.
▼ + stars: | 2023-05-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Russia's economy is becoming dependent on China and it could soon be a vassal state of Beijing, experts say. But it isn't an equal partnership, and Russia may be on its way to becoming a vassal state of China. Richard Connolly, an associate fellow at the Royal United Services Institute and an expert on the Russian economy, disagreed with the term "vassal state." "Was Russia a vassal state to Europe over the last 30 years? The difficulties it is facing make it only more likely that Russia will deepen its dependence on China, Zagorsky said.

☆ Gold wobbles as sticky inflation drives up US rate hike bets
▼ + stars: | 2023-05-26 | by ( ) www.cnbc.com time to read: +1 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold hit a two-month low of $1,936.59 during Asian trading hours, and is set to lose 1.7% for the week. But short-term players expect a deal to be done and "have been selling behind inflation data that suggests a June hike is possible," Wong added. Traders are now betting the Fed will deliver an 11th straight rate hike in June, which would erode the attraction of zero-interest-bearing gold. Benchmark 10-year Treasury yields and the dollar index hovered near their highest levels since mid-March, both on track for their third straight weekly gains

Persons: Gold, Tai Wong, Wong, Phillip Streible Organizations: D.C, Federal, Blue, Traders Locations: Moscow, Russia, New York, Chicago

☆ Gold slips as dollar advances with US debt talks dragging on
▼ + stars: | 2023-05-24 | by ( ) www.cnbc.com time to read: +2 min

Gold slipped as the dollar firmed, cutting some safe- haven flows into bullion from the looming risk of a U.S. debt default as talks entered a critical stretch. "Overwhelmingly, the debt ceiling headlines are at play.... Gold gained in the previous session "despite headwinds from a rising broad dollar, which reveals notable demand behind the scenes." Wall Street's main indexes opened lower as the debt ceiling impasse kept investors on edge. If regional U.S. banking troubles were to subside and agreement reached over the debt ceiling, gold could fall further, said Edward Gardner, commodities economist at Capital Economics.

Persons: Gold, Joe Biden, Kevin McCarthy, Daniel Ghali, TD Securities . Gold, Edward Gardner, Bullion Organizations: Democratic, TD Securities ., Capital Economics Locations: Moscow, U.S

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki warns the economy is headed for 'crash landing' - says investors should buy bitcoin, gold
▼ + stars: | 2023-05-19 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

The "Rich Dad Poor Dad" author touted bitcoin, silver and gold as good investments. Or CRASH LANDING? I say crash landing. Buy gold, silver, Bitcoin. The famed "Rich Dad Poor Dad" author is a frequent economic doomsayer, having previously predicted the worst market crash in world history in 2021.

☆ Here are 3 reasons to buy gold, according to UBS
▼ + stars: | 2023-05-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Gold stumbled this month after a strong start to the year. However, UBS Global Wealth Management sees more upside ahead. The precious metal is down about 2% in May, as optimism around a possible U.S. debt ceiling deal grows. "Based on the 1Q23 data from the World Gold Council, central banks are on track to buy around 700 metric tons of gold this year, much higher than the average since 2010 of below 500 metric tons," he wrote. Dollar weakness: The dollar index, which tracks the U.S. currency's performance against six others, is down 0.2% over the past year, which should be supportive for gold prices.

☆ A CIO who helps oversee $100 billion says the mega-cap tech elite responsible for broad stock-market gains this year are more at-risk than people think — and shares 3 areas he likes within equities fo
▼ + stars: | 2023-05-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In particular, Chang believes that mega-cap tech stocks have gotten overextended, and are expensive relative to the rest of the market. But looking below the surface, Chang says that most of this appreciation has been concentrated within a handful of mega-cap tech stocks. Once the recession begins to ease, Chang believes that cyclical names linked to economic strength will start to outperform. That includes tech stocks — specifically semiconductor companies. However, Chang believes that a recessionary period should present better entry points for any investors interested in buying riskier high-yield fixed income assets.

☆ Karakorum: Mongolia’s ancient capital is a cultural delight
▼ + stars: | 2023-05-16 | by ( Breanna Wilson | ) edition.cnn.com time to read: +8 min

Karakorum, Mongolia CNN —Karakorum is known by many names and even more reputations. Where to Stay in KarakorumThe new Silver Tree Guest House offers a variety of sleeping options including traditional yurts. Silver Tree Guest HouseWhile Karakorum is often considered a stop along the route to somewhere else, this culturally rich city deserves closer attention. The hotel is within walking distance to Erdene Zuu Monastery, Karakorum Museum, and the Erdenesiin Khuree Calligraphy Center. While Silver Tree Guest House is still in its opening phases, staying here feels like you’ve been invited into someone’s home.

☆ Timing the market isn't easy during a debt-ceiling showdown. Investors should stick to this strategy instead.
▼ + stars: | 2023-05-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Traders on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty ImagesMark Hamrick is senior economic analyst for Bankrate. Phil Rosen: How should investors be positioning themselves as the debt-ceiling fiasco drags on, and a potential default nears? If making a play around the debt ceiling is a no-go in your view, what should investors opt for instead? Homeowners are "quiet quitting" as low inventory and high mortgage rates keep a key market participant sidelined. That has a dual impact: each owner that postpones looking for a new house also marks one less seller on the market.

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ Gold flirts with all-time highs as banking concerns deepen
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukGold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes. Spot gold was up 0.3% at $2,045.79 per ounce after climbing earlier to $2,072.19, shy of a record high of $2,072.49. The Fed Funds target rate stands in the 5%-5.25% range, with markets expecting rate cuts in the second half of the year. In physical markets, lofty prices have tarnished gold demand in top Asian retail hubs.

☆ Meta is younger dog learning newer new tricks
▼ + stars: | 2023-04-26 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, April 26 (Reuters Breakingviews) - Meta Platforms (META.O) is a full generation younger than its Big Tech peers, and it’s looking pretty fresh, too. The company's first-quarter profit announced on Wednesday beat analysts’ expectations, sending shares of the $530 billion company up 12% in after-market trading. A 3% year-over-year boost in revenue, the first such increase the company has had in a while, was a pleasant surprise. In order to grow ads 26%, the company had to slice the average price per ad by 17%. Operating expenses jumped 10% from the same period last year, giving the company a 25% operating margin for the quarter.

☆ The stock market rally has run its course as earnings highlight weakening consumer demand, strategist says
▼ + stars: | 2023-04-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The S&P 500 has risen 19% from its bear-market low. The S&P 500 has gained 8% this year and is up 19% from its bear-market low of 3,491.58 logged in October. That "suggests that the stock market rally so far this year may have run its course," said Schein, whose firm his based in Palm Desert, California. The S&P 500 has sagged in recent sessions as earnings reports roll out from Corporate America. "The main takeaway from earnings season so far is that consumer demand is weakening," said Schein.

☆ Gold drifts lower on firmer dollar, Fed rate outlook
▼ + stars: | 2023-04-19 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

SummarySummary Companies US dollar up 0.1%Markets pricing in 25 bps rate hike by Fed in MayApril 19 (Reuters) - Gold prices edged lower on Wednesday as the U.S. dollar regained some ground, while traders assessed chances of the U.S. Federal Reserve raising interest rates just once more in May before pausing. Spot gold was down 0.1% at $2,003.03 per ounce, as of 0337 GMT. The dollar index was up 0.1%, making gold expensive for buyers holding other currencies. "While that may provide an anchor for gold prices, given the recent rally and overextended technical conditions, the possibility of some unwinding (in prices) upon validation of the Fed's rate outlook may still remain on the table." Gold is considered a hedge against inflation, but higher interest rates dim the non-yielding asset's appeal.

"I don't have the brain for stock investments, and I am waiting to redeem mutual fund products once they break even. The interest in precious metals is a worrying indicator that China's efforts to revive its economy via domestic spending, after years of strict COVID curbs, may not be working. Households savings grew by 9.9 trillion yuan in the January-March period, after rising a record 17.8 trillion yuan in 2022. In 2021, they grew by 9.9 trillion yuan. "Economic fundamentals, risk aversion and the recovery of domestic consumption all drive the investment demand for jewellery and precious metals," said Pang Xichun, research director at Nanjing RiskHunt Investment Management Co.

☆ Want to invest in gold? Skip mining stocks, strategist says, and trade this instead
▼ + stars: | 2023-04-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Gold prices are up 12% this year and are now trading at $2049 per troy ounce on the New York spot price market. Gold prices typically surge if markets expect low interest rates in a high inflationary environment. The strategist expects gold prices to reach $2,200 per ounce over the next 12 months. How to trade gold Doyle's preferred method for gaining exposure to gold is through exchange-traded commodities (ETCs), which are backed by physical gold. A number of ETCs for gold exist, such as the iShares Physical Gold ETC , Invesco Physical Gold , WisdomTree Core Physical Gold , Xtrackers Physical Gold ETC , and Xetra-Gold .

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