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
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
San Antonio Spurs rookie Victor Wembanyama has been ruled out of the 2024-2025 season due to a serious blood clot in his right shoulder, according to the NBA. The French center, who won Rookie of the Year honors last season, was diagnosed with deep vein thrombosis (DVT), a condition that occurs when a blood clot … Read more
Elon Musk has called for the deorbiting of the International Space Station (ISS) as soon as possible, potentially by 2027. In a recent tweet, he stated that it’s time to start preparing for deorbiting the ISS, claiming there is little incremental utility left in the space station. He suggested a two-year timeline for this process. … Read more
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 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
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
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
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
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