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☆ I threw a $30,000 'divorce party' and tossed my wedding ring into the sea
▼ + stars: | 2024-06-27 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

I hadn't expected it to be so emotional, but the high point of my divorce party was taking a slingshot and launching my wedding ring into the ocean. It might have cost $30,000, but my divorce party was worth every cent. It was one of the reasons I decided to celebrate my new look and new-found freedom with the divorce party. AdvertisementPhilipp kicked off her divorce party with a boudoir shoot —and a black heart cake. As for my wedding ring — a platinum piece from Cartier that I'd bought for myself in Copenhagen for $1,000— we had a mock ceremony when I pitched it into the sea.

Persons: —, Sabrina Philipp, — clapped, Philipp, Sabrina Philipp I, Bonnie, Clyde —, Ashlee Huff, hadn't, lacy, Dom Perignon, Cartier, I'd Organizations: Service, Chicks, Business, University of Florida, Cartier Locations: Bali, Australian, Europe, Scotland, Australia, Denmark, Copenhagen, Edinburgh, New York City, Miami, Canada , California , Texas, North Carolina, Florida, Miami Beach

☆ Gold prices lingers near two-week low as traders eye U.S. inflation data
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited U.S. inflation data for insights into how soon the Federal Reserve will cut interest rates. Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited U.S. inflation data for insights into how soon the Federal Reserve will cut interest rates. Data due this week include the U.S. first-quarter gross domestic product estimates are due at 1230 GMT and the personal consumption expenditures inflation data on Friday. "Gold prices remain tangled in a tug of war between a less dovish Fed and high levels of geopolitical tension," analysts at BMI said in a note dated Wednesday. "The main driver of easing gold prices in the longer term will be greater risk-on sentiment as the global economy recovers in the later part of the decade."

Persons: Tim Waterer, Michelle Bowman, Waterer Organizations: Federal Reserve, U.S, KCM Trade, U.S ., Fed, BMI Locations: .

☆ Gold prices muted with U.S. inflation data in focus
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year. Meanwhile, Fed Governor Lisa Cook said "at some point" it will be time to cut interest rates. "Dips in the gold price remain relatively shallow courtesy of buyers stepping in from the sidelines on price retreats," Tim Waterer, chief market analyst at KCM Trade, said in a note. Waterer added that the $2,368 level would need to be breached for gold to surpass the highs from last week.

Persons: Christopher Waller, Yeap Jun Rong, Michelle Bowman, Lisa Cook, IG's, Rong, Tim Waterer, Waterer Organizations: Federal Reserve, Federal, Fed, U.S, KCM Locations: U.S

☆ Gold drifts lower as traders await U.S. inflation data
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: +2 min

Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 GMT. "Technical factors in the short-term are not so positive for gold. Other Fed officials speaking this week include Fed Governors Lisa Cook and Michelle Bowman along with Richmond Fed President Tom Barkin.

Persons: Kelvin Wong, Bullion, Wong, Mary Daly, Lisa Cook, Michelle Bowman, Tom Barkin Organizations: Asia Pacific, U.S, San Francisco Fed Bank, Richmond Fed Locations: OANDA, U.S

☆ Gold edges higher on softer yields; U.S. inflation data in focus
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. Benchmark 10-year U.S. Treasury yields edged down, making non-yielding bullion more attractive for investors. There are at least five Fed officials speaking this week, including San Francisco Fed President Mary Daly and Fed Governors Lisa Cook and Michelle Bowman.

Persons: Kyle Rodda, Rodda, Mary Daly, Lisa Cook, Michelle Bowman Organizations: Federal Reserve, Treasury, Capital.com, Traders, San Francisco Fed Locations: Capital.com .

☆ Opinion | Oops, Justin Timberlake Did It Again
▼ + stars: | 2024-06-22 | by ( Jennifer Weiner | ) www.nytimes.com time to read: +1 min

Poor Justin Timberlake … are not three words I could have imagined typing 25, or 15 or even five years ago. Sprinkling salt on the wound, Page Six reported that the arresting officer didn’t know who the perp was. Streams of Britney Spears’ song “Criminal” spiked. The misery of celebrities always occasions a fire hose of schadenfreude, but this seems next level. Where, I found myself wondering as I scrolled and LOL’ed, are the fans rallying to his defense?

Persons: Justin Timberlake …, Timberlake, Mickey, Britney Spears, didn’t Organizations: Mickey Mouse Club, Hamptons

☆ These Gen Z managers are doing things very differently — and it seems to be paying off
▼ + stars: | 2024-06-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Baker is an example of a Gen Z boss who is setting a new standard for productivity by prioritizing her team's mental health and work-life balance. Related storiesLike Hodgson, Winsbury never worked for anyone else and has never even been to a job interview. "We're also constantly pushing our team to make sure that they are having a life outside of work," Winsbury said. Fellow Gen Zers, he said, can be frustrating to work with because they have been conditioned to be impatient. Hodgson said Gen Zers "get a bad name" for being work-shy, but he doesn't think that's the whole story.

Persons: —, Raven Baker, Baker, X, who's, Raven Baker Oliver Hodgson, Hodgson, he's, Oliver Hodgson, Darren Robinson, Sam Winsbury, Winsbury, it's, We're, Daniel Hambury Jessie Urvater, Margot Adams, Jessie Urvater, Jessie Urvater Michelle Enjoli, Enjoli, Zers, I'm Organizations: Service, Business, Kurogo

☆ Gold set for weekly gain on U.S. rate-cut optimism, geopolitical woes
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Spot gold was up 0.1% at $2,360.95 per ounce as of 0344 GMT, after hitting a two-week high in the previous session. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Spot silver fell 0.4% to $30.60 per ounce, platinum was up 0.4% at $982.45 and palladium gained 0.8% to $930.98.

Persons: Bullion, Kelvin Wong, Wong, Luca Santos Organizations: U.S . Federal, Asia Pacific, Gaza, ACY Locations: Gaza, OANDA, U.S

☆ Gold hits one-week high on Fed rate cut bets
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices climbed to their highest level in a week on Thursday as softer U.S. economic data increased the likelihood of interest rate cuts from the Federal Reserve this year. Spot gold was up 0.3% at $2,333.62 per ounce as of 0329 GMT after hitting its highest since June 12 earlier. "I am still favoring moves to the upside for the gold market in light of where we currently stand on the interest rate curve, which is at the peak," said Tim Waterer, chief market analyst at KCM Trade. "The gold market seems content to consolidate recent gains rather than reach higher at this stage, at least until we see some further evidence of softening U.S. macro data, which could alter the interest rate outlook."

Persons: Tim Waterer Organizations: Co, Federal Reserve, KCM, ANZ, U.S Locations: Bangkok, Thailand

☆ Gold ticks up as Fed rate cut bets burnish appeal
▼ + stars: | 2024-06-19 | by ( ) www.cnbc.com time to read: +2 min

old prices edged higher on Wednesday after softer U.S. retail sales data boosted expectations that the Federal Reserve will cut interest rates this year. Gold prices edged higher on Wednesday after softer U.S. retail sales data boosted expectations that the Federal Reserve will cut interest rates this year. Data released on Tuesday showed U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter. Further economic weakness may offer a lift for gold prices." Gold prices have entered a consolidation phase after hitting a record high of $2,449.89 on May 20.

Persons: Yeap Jun Rong, Tim Waterer Organizations: Federal Reserve, U.S, Federal, KCM

Featuring an incredible lineup of artists from various musical genres, many are wondering how to get Lollapalooza tickets this year. In addition to the Chicago festival, which is now enjoying its 33rd year, the Lollapalooza shows will now take place in India, Argentina, Chile, and Brazil. Lollapalooza 2024 festival scheduleFour main ticket options are available for Lollapalooza Chicago. How to buy tickets for Lollapalooza 2024 music festivalYou can buy original tickets for Lollapalooza 2024 directly through the festival website. Tickets for Lollapalooza Chicago 2024 are also available through verified resale ticket vendors like Vivid Seats and StubHub.

Persons: Tyler, Melanie Martinez, We've, It's, StubHub, Lizzy McAlpine, Fisher, Labrinth, Benson Boone, Kesha, Mochakk, Chappell Roan, Don Diablo, Freyr, Kasbo, Flo, Olivia Dean, Sam Barber, BigXThaPlug, Matt Hansen, Blondshell, Brandi Cyrus, Riovaz, Mette, Abby Holliday, Camden Cox, Chance Emerson, Adam Diaz, Walter, Goldie Bouilier, Reneé Rapp, Zedd, Faye Webster, Victoria Monét, Raye, Megan Moroney, Qveen, Ryan Beatty, Malcolm Todd, Lola Young, Blu Detiger, Rod, Tommy Richman, Ava Maybee, McKenna Grace, Cale Tyson, Kaliii, Fifteen0eight, Brandi Cyrus Saturday, Tate McRae, Mike, Ethel Cain, Skream, Kenny Beats, Briston Maroney, BoyWithUke, Romy, Yoasobi, Josiah, Dora Jar, Nia, Jyoty, Tanner Usrey, Armani White, Natalie Jane, Brigitte, Sam Nelson, Will Linley, Hayes Warner, Tommy Newport, Xandra Skrillex, Conan Gray, Dominic Fike, Pierce, Teddy, Vince Staples, Whyte Fang, Ben Böhmer, Grentperez, Mimi Webb, Knox, Briscoe, Jessica Audiffred, Nico Vega, Willis, Valencia Grace, Scarlet Demore, Eddie, Kyle Dion, Kaitlin Butts, Ryan Trey, Huddy, Carmen Deleon Organizations: Business, Chicago, Grant, Lollapalooza Chicago, Royce, Wolves, Chicago Philharmonic, National Parks, TV, Cannons, Nia Archives, Cinema Locations: Grant, Chicago, India, Argentina, Chile, Brazil, StubHub, D4VD, Saint Levant, Glendale, Savannah Ré, Hanabie, Nostalgix

☆ Gold subdued as investors seek more data for Fed rate cues
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +2 min

Gold prices eased on Monday as investors awaited more U.S. economic data, while reports from last week showed that inflation was stabilizing and lifted hopes for the Federal Reserve to cut interest rates later this year. Data released last week showed some weakening in price pressures in the U.S., suggesting that the labor market was losing momentum, keeping hopes alive for a September rate cut. Traders are seeing a 68% probability of a cut in September, according to the CME Group's FedWatch Tool, compared to 63% before the producer prices data on Thursday. However, Minneapolis Fed President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until December to do it. Lower interest rates reduce the opportunity cost of holding non-yielding bullion.

Persons: Kyle Rodda, Rodda, Neel Kashkari, it's Organizations: Federal Reserve, ., Minneapolis Locations: Birmingham, England, U.S

☆ Gold eyes first weekly gain in four on cooling U.S. inflation
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Friday and were on course for their first weekly gain in four, as U.S. economic data indicated a softening of price pressures, fueling optimism that a rate cut from the Federal Reserve might be forthcoming. Gold prices edged up on Friday and were on course for their first weekly gain in four, as U.S. economic data indicated a softening of price pressures, fueling optimism that a rate cut from the Federal Reserve might be forthcoming. Spot gold as up 0.2% at $2,306.89 per ounce, as of 0334 GMT. "The best recipe for gold would be continued weakness in inflation, then that recessionary appeal of gold will start to come through as a bit of an extension of expectations of potential rate cuts this year." Data on Thursday showed that U.S. producer prices unexpectedly fell in May, another indication that inflation was subsiding after surging in the first quarter.

Persons: Kyle Rodda Organizations: Federal Reserve, Fed, Traders

☆ I almost threw my mom's engagement ring into her grave. I felt it belonged with her, but now I'm glad I didn't.
▼ + stars: | 2024-06-12 | by ( Rochelle Newman-Carrasco | ) www.businessinsider.com time to read: +4 min

My dad wanted me to have my mother's ringWhen he let go, I glanced down. I immediately recognized my mother's engagement ring. The author now wears her mom's engagement ring. I kept it but wasn't sure what to do with itAside from my aversion to wearing jewelry, the ring scared me. And I'm certain my mother would be pleased to see me wearing bling that belonged to her finally.

Persons: —, Mom, Dad, He'd Organizations: Service, Business Locations: New York, Los Angeles

☆ Gold treads water ahead of U.S. inflation test, Fed decision
▼ + stars: | 2024-06-12 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were flat on Wednesday as investors awaited the U.S. Federal Reserve's policy announcement for insights into how soon it will cut interest rates this year and the May inflation report due later in the day. "Gold prices have been treading lightly amid the waiting game for greater cues on the Fed's policy path. Any lean towards two rate cuts could be perceived as a more dovish take, which may see gold prices head higher," said IG market strategist Yeap Jun Rong. Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials said.

Persons: Yeap Jun Rong, Jerome Powell's, Tim Waterer Organizations: Co, U.S, Investors, Fed, Strong U.S, People's Bank of, U.S ., KCM Locations: Bangkok, Thailand, U.S . Federal, China, People's Bank of China, Asia

☆ Move over diamonds, these little-known gemstones are heating up
▼ + stars: | 2024-06-11 | by ( Sarah Royce-Greensill | ) edition.cnn.com time to read: +6 min

Experts say that this previously overlooked gemstone is rocketing in desirability and value, as collectors look beyond the so-called “Big Four’” (diamonds, emeralds, rubies and sapphires) for more affordable, niche gemstones that may just be a shrewd investment. “Spinels and Paraiba tourmalines have seen a steady increase in demand over the last decade.”Boghossian's paraiba and diamond set features paraibas and fancy yellow diamonds. Experts posit that only one Paraiba tourmaline is mined for every 10,000 diamonds — and while similar hues are found in Madagascar, the scarcity of Brazilian stones has seen prices soar. At Bonhams, Tonkin said prices for top-quality Paraiba tourmalines reached $75,000 per carat in 2022, compared with $4,800 per carat in 2009. “These incredibly vibrant, clean gemstones really stirred something in me,” she explained in an email.

Persons: Olivia Young, Ouroboros, Ruby, Bonhams, ”, Jennifer Tonkin, Rahul Kadakia, Lily Gabriella, ” Charles Abouchar, “, Tonkin, Roberto Boghossian, Moti Ferder, Ferder foresees, Lily Gabriella's, Lily Gabriella Likewise, Minka, Lucy Crowther, ” Crowther, Young Organizations: CNN, Imperial State Crown, Abouchar SA, Lugano Diamonds, Paraiba tourmalines, Big Locations: Sri Lanka, Myanmar, Vietnam, Afghanistan, Tajikistan, British, Burma, London, Geneva, Paraiba, ” Boghossian's paraiba, paraiba, Brazilian, Madagascar, Bonhams, Paraiba tourmalines, Memphis, India

☆ Gold holds steady after biggest sell-off in 3-1/2 years
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction. The jobs report led traders to once again shift their expectations of when the Fed will cut rates and by how much. The dollar hit a more than one-week high against its rivals, while the benchmark U.S. 10-year Treasury yields scaled its highest since June 3. Spot silver rose 0.9% to $29.43 per ounce, platinum was up 0.8% at $971.10 and palladium gained 1.1% to $922.38.

Persons: Kelvin Wong, Jerome Powell, Wong Organizations: Co, Reserve, Asia Pacific Locations: Bangkok, Thailand, China, OANDA

☆ Opinion: Graceland still embodies Elvis Presley and the American Dream
▼ + stars: | 2024-06-06 | by ( Opinion Michael T. Bertrand | ) edition.cnn.com time to read: +8 min

CNN —The recent and bizarre attempt to wrest control of Graceland, the Memphis, Tennessee, home of the late Elvis Presley, set off a number of red flags. But Elvis represents something different from Gilded Age robber barons such as Rockefeller and Carnegie, whose American Dream was fundamentally about the accumulation of wealth. “Seems we was always in debt,” recalled Gladys Presley, Elvis’s mother. Fans walk by the entrance to Graceland, the home of Elvis Presley, on August 14, 2007, in Memphis, Tennessee. Immediately after moving into Graceland, Elvis, the ultimate consumer, began renovations.

Persons: Michael T, Bertrand, ”, Elvis Presley, Presley, Elvis, Priscilla, Lisa Marie, Riley Keough, —, John D, Rockefeller, Andrew Carnegie, Ida Harris, Gladys Presley, Elvis’s, “, ” Stephen Galvin, Joe Raedle, Gladys, throwed, Stan Honda, Horatio Alger, Graceland, Andrew Carnegie’s Organizations: Tennessee State University, CNN, Rockefeller, Carnegie, Getty, White Locations: Memphis , Tennessee, East Tupelo , Mississippi, Memphis, United States, Bluff City, Bryan , Texas, Graceland, AFP, drawl, Hollywood, Las Vegas, New York, Manhattan, America

☆ Gold gains as U.S. dollar, yields slip; focus on jobs data
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +1 min

Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Spot gold was up 0.8% at $2,373.31 per ounce as of 0258 GMT, after rising 1% in the previous session. The dollar index was down 0.2%, hovering around a near two-month low, and benchmark U.S. 10-year Treasury yields lingered near their weakest levels in more than two months. "The fundamental outlook still looks constructive for gold as we move closer towards possible Fed rate cuts in the second half of the year.

Persons: Tim Waterer Organizations: Treasury, ., U.S ., KCM, U.S, Federal

☆ Gold rangebound as traders seek more U.S. data for Fed cues
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +1 min

Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023. Gold prices rose slightly on Wednesday helped by lower Treasury yields, but were stuck in a tight range as investors waited for more U.S. data to gauge the Federal Reserve's next step on monetary policy. U.S. gold futures rose 0.3% to $2,354.50. Benchmark 10-year Treasury yields lingered near their lowest level in almost three weeks hit on Tuesday, making bullion more attractive to investors. The U.S. services data is due at 1400 GMT.

Persons: Matt Simpson Organizations: Korea Gold Exchange, Federal, Index, Gold Locations: Seoul, South Korea, U.S

☆ Gold dips as dollar steadies, focus turns to U.S. jobs data
▼ + stars: | 2024-06-04 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on Jan. 9, 2009. Gold fell more than 1% on Tuesday as the dollar steadied ahead of May's U.S. jobs report, due later this week, which could set the tone for the Federal Reserve's interest rate strategy. Spot gold fell 0.9% to $2,329.10 per ounce. Gold reversed gains from a bounce late in the previous session following weaker U.S. manufacturing data. The dollar index steadied, making gold more expensive for overseas buyers, after falling overnight to its lowest since mid-April.

Persons: Gold, Bart Melek, Jim Wyckoff, Wyckoff, Soni Kumari, Silver Organizations: South Korea's, Nikko, U.S ., TD Securities, Investors, Friday's U.S, Kitco Metals, ANZ Locations: Seoul, May's, U.S, India

☆ Here's where veteran dividend investor Nancy Tengler sees opportunity right now
▼ + stars: | 2024-06-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Dividend investing has always been a part of Nancy Tengler's career, which has spanned more than 40 years. She also looks at relative dividend yield, or the yield on the stock relative to its own history and the market, she explained. "It's really because of the power of the compounding of the dividend and the dividend growth." The tech giant authorized its first-ever dividend in April, so it does not have a history of dividend growth. "This is a name that's undervalued in many ways and they've kind of grown up as a company," Tengler said.

Persons: Nancy Tengler's, Tengler, Stephen Squeri, Z, Squeri, CNBC's Jim Cramer, Gen Zs, David Gitlin Organizations: Tengler Investments, Walmart, American Express, Carrier Global, Carrier

☆ Gold little changed as traders seek more data for Fed rate cues
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilized and lifted hopes for the Federal Reserve to cut interest rates later this year. Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilized and lifted hopes for the Federal Reserve to cut interest rates later this year. "Gold is getting a little bit of support after the marginally softer than expected Personal Consumption Expenditures numbers supported the notion that the Fed can cut rates this year," Rodda said. Data on Friday showed that the U.S. inflation had stabilized in April, raising bets for a rate cut in September. Spot gold may break support at $2,319 per ounce, and fall towards $2,302, according to Reuters technical analyst Wang Tao.

Persons: Bullion, Kyle Rodda, Rodda, Wang Tao Organizations: Federal Reserve, Capital.com, Institute of Supply, PMI, Traders Locations: .

☆ How American Express Became Millennials, Gen Z's Favorite Credit Card
▼ + stars: | 2024-06-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

But now, for a growing cohort of Gen Zers and millennials, it's their card, too. According to the company, millennials and Gen Z consumers made up 60% of its new customer acquisitions worldwide, and 75% of its new platinum and gold accounts were opened by millennial and Gen Z members. Related storiesAmex has implemented a number of tactics to pull off its youth revolution and cement its place as a status symbol among relatively affluent millennial and Gen Z consumers. For many young consumers, having an Amex rewards card is sort of like having a good, varied subscription service that runs them less than $60 a month. AdvertisementAll that aside, the Amex Platinum Card seems neat.

Persons: Gen Zers, youngs, it's, they'd, Amex, Zers, Gen X, Z, Steve Squeri, Jim Cramer, Gen Zs, Michael Miller, Uber, Miller, Daisy Hernandez, Guy, Stephen Biggar, Amex isn't, Chase Sapphire, I've, Emily Stewart Organizations: American Express, Express, Mastercard, Visa, American, CNBC, Morningstar Research, New York Times, Wall Street, Saks, Walmart, US, Argus Research, bodega, Business Locations: Coachella

☆ Gold flat ahead of U.S. data, but set for 4th straight monthly gain
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +2 min

One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead of a key U.S. inflation reading that could provide more indications on how the Federal Reserve might proceed with rate cuts later this year. Bullion prices are up 0.3% so far this week and 2.5% so far in the month. Spot silver fell 0.8% to $30.95 per ounce, but was set for its biggest monthly gain since July 2020. Platinum was down 0.2% at $1,021.94 and palladium lost 0.2% to $945.56.

Persons: Kyle Rodda, Yeap Jun Rong Organizations: Co, Federal Reserve Locations: Bangkok, Thailand, U.S

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