Investors in gold mining stocks that have lost about half their market value this year are preparing for even more pain.
Money manager Kenneth I. Starr, facing a criminal trial on charges he defrauded his celebrity clients of at least $59 million, was conditionally granted $10 million bail two months after his arrest.
In Illinois, you’re never too big or too small to get stiffed by the state, which is $4 billion behind in its bills.
Gold rose as two weeks of declines attracted buying from physical users and investors, with holdings in exchange-traded products backed by the metal gaining to an all-time high. Silver also increased.
A battle between Asian buyers last night pushed a Qianlong-dynasty vase to a price of 51.6 million pounds ($83.2 million), an auction record for Chinese art.
Baker Steel Capital Managers LLP , a London-based firm managing about $1.7 billion, plans a new gold fund, predicting another year of record prices for the metal.
Northern Rock Asset Management Plc’s Chief Financial Officer David Jones left the company in the face of a regulatory probe into disclosures about mortgages sold before the bank was nationalized by the U.K. government.
"We now have the approval of our board to look at this as a long-term strategy and to bring back the agreements that are necessary to effectuate and execute it."
- David Baker on Nov 11, 2014
North American Management’s Baker Upbeat on Stocks