Higher labor costs and sticky inflation could continue to weigh on gold miners' profits going into 2025, analysts said, but soaring prices of the yellow metal should still boost free cash flow. Gold prices rose nearly 27% in 2024, the most since 2010, and have jumped to all-time highs this year. Analysts at Bank of America said companies under its coverage might generate free cash flow of around $3 billion in the fourth quarter, with more expected in 2025.
Binance Bitcoin Reserves Slumped $355M in January as User Balances Rose by $4.4B
The ratio of Binance USDT reserves to user balances also dropped significantly.
Musk suggests closer scrutiny of Fed as Powell prepares to face Congress
Billionaire Elon Musk suggested in a series of social media posts that the Fed should undergo closer scrutiny, making the comments just days before Fed Chair Jerome Powell is scheduled to testify on Capitol Hill.
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Trump tariffs to stoke inflation in 2025: corporate economists
The gain in the Federal Reserve’s preferred inflation measure will probably average nearly 2.7% during the four quarters starting in April, according to economists surveyed by Wolters Kluwer.
Monday.com Stock Soars as AI Offerings Power Q4 Results
Monday.com beat fourth-quarter profit and sales estimates as its artificial intelligence offerings helped increase customer demand.