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...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...“Though no reef coral is used in jewellery.”...
...TripAdvisor, the internet company whose backers include media mogul Greg Maffei, recently held a vote to move to Nevada, which unaffiliated shareholders overwhelmingly rejected....
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...Here’s what else I’m keeping tabs on today: Gold price: The price of the precious metal hit another record high this morning after the Federal Reserve signals it intends to cut interest rates even as inflation...
...Fidelity includes Royal London Short Duration Global Index Linked Fund M Inc in its “Select 50” list of recommended investments, saying: “The loans are made over short periods (under five years usually)...
...The company has a plant in Nevada and is building a second one in Kansas. Panasonic recently ended its talks with the Oklahoma government about investing in the state....
...Gauteng’s water infrastructure was designed in the interwar years to feed the gold reefs and mining industry on which the city was built....
...“In 2023, 100 per cent of the identified tin, tantalum, tungsten, gold (3TG), cobalt, and lithium smelters and refiners in Apple’s supply chain completed assessments to verify compliance with our standards...
...A default in the private utility’s parent company Kemble has leaked through to what were thought to be “gold standard” bonds securitised at Thames Water’s regulated operating companies....
...“Never incorporate your company in the state of Delaware,” Musk posted on X after Tuesday’s decision. “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.”...
...Chart of the day Chinese investors and households have been buying gold as a refuge from local property and stock market mayhem, helping to support the price of the precious metal....
...That has probably frightened people on the fragility of the markets,” said Ryan McIntyre, managing partner at Sprott Inc, a precious metals investor with more than $25bn in assets under management....
...“There will be some disruptions, but it will also be a rare, magical moment,” said the 45-year-old, who is a three-time gold medallist in canoe slalom....
...The Barroso mine in Portugal has been forced to push back several times as it awaits approval while a project in Nevada has also faced years of opposition from conservation groups....
...We enjoyed meeting Unhedged readers at Tuesday’s FT Alphaville pub quiz in New York, where a team from GIC, the Singaporean sovereign wealth fund, brought home gold....
...Mark Zuckerberg, chief executive of Meta (which has its own virtual reality headset app store) once mused that Twitter’s founders “drove a clown car into a gold mine and fell in”....
...State Street’s SPDR Gold Shares ETF (GLD), which launched in late 2004, was also relatively quick to hit $10bn, clearing that mark in early 2007....
...Nasdaq this week listed a series of new options contracts tracking some of the most popular exchange traded funds investing in gold, silver, natural gas, oil and long-term Treasuries....
...Chedid compared gold to value stocks, in that both tended to draw money during inflationary periods, but was nevertheless surprised by the unpopularity of gold ETPs, given the price rose 13 per cent last...
...It is little wonder, then, that the price of gold has hit record highs, along with its digital proxy of bitcoin....
...Niger: war at the heart of west Africa Carbon and water cycle: Great Barrier Reef at risk Health: Finland’s demographic time-bomb Global development: Mali’s community health programme Trade, globalisation...
...People either saw the garment as blue and black or white and gold — and couldn’t understand how anyone could see the other side’s colours....
...Citi’s high-end private bank is one of three pillars of its wealth management business, alongside its Citi Gold brand, which caters more towards retail clients, and its “Wealth at Work” business which banks...
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