The precious metal rose to a closing record of $1,897.50 a troy ounce, eclipsing the price set in August 2011 as investors added bullion to their portfolios amid fears about the coronavirus pandemic.
Shares of technology heavyweights dragged U.S. stocks lower, as major stock indexes logged weekly declines. The tech-heavy Nasdaq Composite shed about 1%.
The suit alleges Bridgewater is withholding an estimated $20 million to $100 million in deferred compensation because she disclosed her gender-discrimination dispute with the firm.
The Wall Street bank will pay $2.5 billion to the government of Malaysia for its role in the alleged theft of billions of dollars from a government investment fund, and guarantee the recovery of $1.4 billion in assets allegedly stolen from the fund.31
Bored, isolated and out of work amid the pandemic, millions of Americans are chasing stock-market glory—and bragging about it online. Not everyone’s a winner though.21
Bond investors are retreating from Turkey, adding to the pressure on an economy long seen as dependent on foreign funding.20
The credit-card company reported a large drop in second-quarter profit as it logged provisions of $1.6 billion to cover potential credit losses. The company said the Covid-19 pandemic significantly affected quarterly results.
Moneybeat
Investors who bet that gas prices would fall have been rewarded as well as shareholders of natural-gas producers; investor appetite for tech buyout funds continued despite pandemic, and sequestering entire sports leagues at one location seems to have worked