December 4, 2023

Markets Now 12/04

Gold has never been this expensive

Gold prices hit an all-time high Monday, buoyed by growing expectations of interest rate cuts among investors, a weaker dollar and geopolitical tensions.  
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Bitcoin hits highest level in 18 months as investors gear up for ETF approval

The price of bitcoin soared above $40,000 on Monday, hitting its highest level in 18 months as investors look ahead to a lower interest rate environment and key regulatory approvals that could make the crypto asset more mainstream.  
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Analysis: Shein and Reddit IPOs don’t herald a Wall Street boom. Here’s why

It’s been an exciting few weeks for the IPO market.  
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Richard Branson won’t invest more money in Virgin Galactic, but says company doesn’t need his money

Shares of Virgin Galactic, the space tourism venture founded by Richard Branson, are plunging after the British billionaire said he has no plans to invest more money in the company.  
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Electric cars are having more problems, but not because they’re electric

Electric vehicles have 79% more problems than other vehicles, according to Consumer Reports’ latest annual auto reliability survey. But the problem isn’t really because they’re electric, said Jake Fisher, director of the group’s auto testing center.  
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US Supreme Court scrutinizes controversial opioid crisis settlement that would give Sackler family immunity

The Supreme Court is hearing oral arguments Monday morning in one of the highest-profile bankruptcy cases in recent memory: Whether or not to approve OxyContin-maker Purdue Pharma’s controversial agreement that would give billions of dollars to victims of the opioid epidemic while protecting members of the Sackler family, who owned the company, from current and future opioid-related civil lawsuits.  
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Source: CNN Business

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