Trump Calls for Inspection of Fort Knox Gold Reserves

US President Donald Trump has expressed interest in inspecting the gold reserves stored at Fort Knox, a US military base in Kentucky. During a conversation with reporters on Air Force One, Trump stated that he intends to “go into Fort Knox” to verify the presence and quantity of the gold. The comment was met with … Read more

FIFA Ban Stands: Rubiales Appeal Dismissed by Court

The Court of Arbitration for Sport (Cas) has dismissed Luis Rubiales’ appeal against his three-year FIFA ban, leaving the suspension in place. The former Spanish Football Federation president was found guilty of behaving “in a manner contrary to the principles of the Fifa Disciplinary Code” after kissing Spain player Jenni Hermoso without consent during the … Read more

Musk’s Market Reigns Supreme as Trump Trade Fades Away

Business Insider reports that investors are piling into assets associated with Elon Musk, resulting in significant gains since Donald Trump’s election victory. Musk’s companies, including Tesla and X, have seen substantial increases in value, with Tesla up over 40% and X up more than 20%. This phenomenon, known as the “Musk trade,” is outpacing the … Read more

Nikola Electric Truck Maker Files for Bankruptcy After Founder Sentenced

Nikola Corporation, an electric truck-maker once valued at over $30bn, has filed for bankruptcy in the US after its founder Trevor Milton was sent to prison for fraud. The company’s share price collapsed amid claims of misleading investors and a short-seller report accusing Milton of creating “an intricate fraud built on dozens of lies”. In … Read more

De Beers’ Value Plunges to $4 Billion Amid Industry Downturn

Anglo American’s ownership of De Beers group has faced scrutiny as the mining company announced a fresh multibillion-dollar write-down on Thursday. The valuation reduction, totaling $2.9 billion, marks the second time in two years that Anglo has reduced the value of its diamond business. De Beers, which introduced the iconic phrase “A diamond is forever” … Read more

S&P 500 Sees Wider Bullish Outlook Despite High Valuations

The S&P 500 index has been statistically expensive for some time, with 19 out of 20 valuation metrics suggesting it is priced above historical averages. However, Bank of America strategists say the historical premium may be warranted due to compositional changes in the benchmark. The shift towards healthier balance sheets and corporates focusing on efficiency … Read more

Music Icon Jerry Butler Passes Away at 85

Jerry Butler, the legendary R&B singer and songwriter known as “The Ice Man,” has died at the age of 85. According to a family friend, Butler passed away on February 20 after being diagnosed with Parkinson’s disease. Butler’s music career spanned over five decades, starting with his time in the group The Impressions. He was … Read more

Nothing Phone (3a) and Pro Spotted, March Launch Imminent

The upcoming Nothing Phone (3a) and Pro devices have been spotted with official renders, giving us a glimpse of their design. The smartphones feature displays on the front with centered punch-holes, and around the back are three cameras housed in a circular island with LED lights. On the left side frames are volume buttons, while … Read more