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Huge Bets That Gold Could Triple to $4,000 Trade in New York

(Bloomberg) — The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.Around noon in New York, 5,000 lots for a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce.“It’s like 18-month term life insurance; what will the world look like if gold is at $4,000,” Tai Wong, the head of metals derivatives trading at BMO Capital Markets, said in an email. “They are hoping for …read more […]

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U.S. Justice Department closes antitrust probe over wireless carrier-switching technology

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. The technology called eSIM allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip. Previously, there had been allegations that the standard was set in a way that made it harder to switch carriers and to make it harder for new wireless companies to enter the market. …read more […]

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U.S. Justice Dept closes antitrust probe over wireless carrier-switching technology

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. The technology called eSIM allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip. Previously, there had been allegations that the standard was set in a way that made it harder to switch carriers and to make it harder for new wireless companies to enter the market. …read more […]

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UPDATE 1-Saudi Aramco IPO's retail offer fully covered with $8.7 bln in orders – lead manager

The retail portion of Saudi Aramco’s initial public offering (IPO) has been fully covered, with orders reaching 32.57 billion Saudi riyals ($8.7 billion), lead manager Samba Capital said on Wednesday. The state-owned oil giant plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the IPO at as much as 96 billion riyals ($25.6 billion) and giving the company a market value of between $1.6 trillion and $1.7 trillion. Aramco has said at least one-third of the sale is expected to be covered by …read more […]

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UPDATE 1-Boeing 777X fuselage split during Sept stress test

The fuselage of Boeing Co’s upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, Boeing said on Wednesday. The world’s largest planemaker suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test. The Seattle Times, which first reported new details on the testing issue https://bit.ly/35AdjgE, said photos it had obtained of the test on the 777X showed that the extent of the damage was greater than previously disclosed and earlier reports were wrong …read more […]

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Types of Stocks Investors Should Know

Almost everyone has heard of stock, and you likely know what the Securities and Exchange Commission (SEC) is and does. However, you may not know there are multiple different types of stocks out there. These categories help investors put together their portfolios by choosing the kinds of investments that are appropriate for them.
If you’re investing, it may be useful to know and understand the different types of stock available. Here is a resource page for you to reference so that you can understand the differences.

Different Types of Stocks – Common vs. Preferred
Common Stock
Common stock is, as the name suggests, the …read more […]