Retail sites were overwhelmed with physical demand for silver on Sunday, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical bars and coins. Sites from Money Metals and SD Bullion to JM Bullion and Apmex, the Walmart of precious metals products in North America, said they were unable to process orders until Asian markets […]

New York (CNN Business)Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells […]

AMSTERDAM (Reuters) – The continuing rise of stock markets worldwide could be the result of growing hopes of economic recovery, and does not necessarily mean that prices are overly inflated, European Central Bank governing council member Klaas Knot said on Sunday.FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 […]

Reddit’s now-famous WallStreetBets forum boasts some 6.2 million members, soaring from under 3 million a week ago. The subreddit has driven stocks like GameStop and AMC to record gains over the past few weeks after initiating a short-squeeze on institutional investors. Here are a few of the best quotes on the forum to give the uninitiated an idea of what […]

FILE PHOTO: People walk along Oxford Street as shops remain closed under Tier 4 restrictions, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, December 26, 2020. REUTERS/Henry Nicholls/File PhotoLONDON (Reuters) – Britain’s government is working on a recovery plan for the country’s COVID-battered economy, a source said on Sunday, as ministers direct their attention to trying to restore growth […]

HANOI (Reuters) – Vietnam’s ruling Communist Party re-elected its 76-year-old chief Nguyen Phu Trong for a rare third five-year term on Sunday, as the Southeast Asian country battled its biggest coronavirus outbreak since the pandemic began.Vietnam’s General Secretary of the Communist Party Nguyen Phu Trong, Prime Minister Nguyen Xuan Phuc (2nd R), National Assembly’s Chairwoman Nguyen Thi Kim Ngan (2nd […]

Crypto entrepreneurs are moving quickly to launch products to emulate the adrenaline-charged rush that lured many in the WallStreetBets crowd to stock markets. FTX Cryptocurrency Derivatives Exchange announced in a blog post that they have launched trading for a basket of WallStreetBets favorites. Companies included in the index are some of Reddit crowd’s most-beloved stocks, including GameStop Corp., AMC Entertainment […]

BRUSSELS/LONDON (Reuters) – EU officials confessed on Saturday to a “blunder” in invoking Northern Ireland Brexit emergency powers during a showdown with Britain over vaccines, and London said it expected its supply of COVID-19 shots would not be interrupted.FILE PHOTO: A lorry drives past a ‘No Hard Border’ poster near Londonderry, Northern Ireland October 15, 2019. REUTERS/Phil NobleThe European Union […]