Gold exchange-traded funds, or gold ETFs, have risen in popularity among investors who want precious metals exposure. ETFs are similar to mutual funds in that they track assets such as stocks, bonds, currencies or commodities; a key difference is that ETFs can be bought and sold on exchanges, making them…
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way September. Speaking to CNBC from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker gave the most direct statement yet from a central bank official that monetary policy easing is…
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That was the first gain in five months. Sales were 2.5% lower compared with the same time last year. Sales saw…
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price. The used equipment activation fee for subscribers in the U.S. and Canada comes as…
Indonesia’s parliament postponed ratifying changes to an elections law on Thursday as protesters attempted to tear down the gates of parliament in the capital, following outcry over legislation seen to strengthen the political influence of outgoing President Joko Widodo. The plenary session to pass the changes was delayed due to a…
A fifth body has been brought to shore from the wreck of the “Bayesian” superyacht that sank off the coast of Sicily early in the week, as the chief executive of the vessel’s manufacturer insisted it was fundamentally safe. As investigators probe the cause of the wreck, the CEO of…
Russia’s main internal security agency, the Federal Security Service (FSB), said in a statement that it had “initiated and is investigating criminal cases” against Paton Walsh and two Ukrainian journalists. It accused them of having “illegally crossed the State Border of the Russian Federation and filmed in the area ofthe…
Rescuers are scrambling to evacuate flooded communities after heavy rains inundated parts of Bangladesh and northeast India, causing rivers on both sides of the border to reach extreme levels. In India, at least eight people were killed by landslides and drowning, while tens of thousands have sought shelter in relief…
Fury was palpable at the end of a demonstration in Tel Aviv on Thursday, as protesters demanded a deal to free Israeli hostages in Gaza and grieved this week’s news that the bodies of six captives had been retrieved. There has been no official explanation yet of how the six died.…
A Greek-flagged oil tanker carrying 150,000 tons of crude oil poses an “environmental hazard” after it came under attack from projectiles and arms fire in the Red Sea. The 25-person crew of the Sounion oil tanker was rescued after the attack by a vessel from Eunavfor Aspides, a European Union…