As 2024 approaches, NewEdge Wealth’s Ben Emons anticipates a remarkable year for gold, predicting an unprecedented surge in demand for the precious metal. Emons, an expert in fixed income, recently shared his insights with CNBC’s “Fast Money,” highlighting December’s historical trend of increased gold interest. The allure of gold reached new heights last Friday, with its value soaring nearly 2% to a record $2,089.70 per ounce. Emons attributes this surge to a unique combination of economic and geopolitical factors, along with the metal’s traditional appeal during times of uncertainty and market optimism. Emons further elaborates on the intricate dynamics at…
Author: Admin
A revolutionary breakthrough in diabetes management is on the horizon, as scientists from Canada and the U.S. have developed a prototype home-use device capable of measuring blood glucose levels through saliva samples. This innovation, utilizing an electrochemical aptamer-based (E-AB) biosensor, could soon replace the daily finger-prick tests that millions of diabetics currently endure. The collaboration between the Université de Sherbrooke in Quebec and the Colgate-Palmolive Company in New Jersey heralds a significant shift towards a more comfortable and less invasive method of glucose monitoring, promising a substantial improvement in the quality of life for diabetic patients. The underpinning science recognizes…
In an unexpected turn of events, Dataminr, a leading big data enterprise valued at $4.1 billion, announced a significant reduction in its workforce. The New York-based company, renowned for its innovative use of AI and big data in providing predictive insights, is set to lay off 20% of its staff, approximately 150 employees. This decision is attributed to the evolving economic landscape and the company’s strategic shift towards enhancing its AI capabilities. Dataminr’s CEO, Ted Bailey, conveyed the news in an internal memo, citing the need to adapt to rapid advancements in AI technology and the prevailing economic conditions. Employees…
In a pivotal move, OPEC+ members, responsible for over 40% of global oil supply, have agreed to substantial voluntary production cuts for early next year. The decision, led by Saudi Arabia’s commitment to maintain its 1 million barrels per day (bpd) reduction, was reached during a virtual meeting on Thursday focused on 2024 oil output. This new agreement, as per OPEC+ sources, will see overall cuts approaching 2 million bpd. These reductions include Saudi Arabia’s ongoing voluntary decrease, alongside Russia’s newly announced 500,000 bpd cut. Other member states are also set to contribute, with Algeria confirming a 50,000 bpd reduction.…
In a striking financial upturn, the Dow Jones Industrial Average soared to a new annual zenith on Thursday, marking an impressive closure to November – its most fruitful month since October 2022. This surge, amounting to a robust 295-point increase (0.8%), propelled the Dow to approximately 35,719 points, eclipsing its previous annual high achieved in August. Contrastingly, the S&P 500 remained largely unchanged, while the Nasdaq Composite saw a moderate decline of 0.6%, as investors engaged in profit-taking from the significant gains in Big Tech stocks that have been central to November’s market revival. Highlighting a remarkable rebound, the Dow…
In the United States, coronary artery disease continues to be the leading cause of death. This condition, identified by the Centers for Disease Control and Prevention as the most common form of heart disease, is characterized by the buildup of plaque in the arteries. Unlike plaque on teeth, arterial plaque consists of cholesterol deposits that inflame and calcify over time. Dr. Alexander Postalian, an interventional cardiologist, notes the stealthy nature of this disease, which often remains undiagnosed until a severe health event like a stroke or heart attack. Diet plays a crucial role in the development of arterial plaque. Dr.…
In a landmark meeting at Qasr Al Bahr, UAE President Sheikh Mohamed bin Zayed Al Nahyan received Mongolian President Ukhnaa Khurelsukh, who is on a working visit to the Emirates. The two leaders discussed various cooperation avenues, with a keen focus on economic, investment, developmental, and renewable energy sectors. The meeting underscored the commitment of both nations to harness joint efforts for mutual growth and prosperity. It highlighted the potential for enhanced collaboration, setting a promising tone for future bilateral relations. A pivotal part of the visit was the exchange of several key memoranda of understanding (MoUs). These MoUs covered…
Triumph Motorcycles has just unveiled the highly anticipated TF 250-X, a groundbreaking entry into the fiercely competitive 250cc motocross segment. This launch is more than just the introduction of a new model; it’s a statement of Triumph’s dedication to innovation and performance in the world of motocross. The TF 250-X is the product of Triumph’s renowned engineering prowess, developed in collaboration with motocross legends like Ricky Carmichael and Iván Cervantes. This bike represents a from-the-ground-up approach, featuring an all-new design that sets new standards in the 250cc category. Its ultra-compact, super light chassis and engine, crafted with the finest components,…
In a significant expansion of its flight network, Air Arabia, the premier low-cost carrier in the Middle East and North Africa, has announced a new route connecting Sharjah, UAE to the picturesque island of Phuket in Thailand. Starting December 15, 2023, this move marks a notable enhancement in the carrier’s reach within Southeast Asia. The airline will offer non-stop services four times a week, linking Sharjah International Airport directly with Phuket International Airport. This new service aims to provide travelers with affordable, convenient travel options to explore one of Southeast Asia’s most beloved destinations. Adel Al Ali, Group Chief Executive Officer…
In a stunning aerial spectacle, Etihad Airways, the flag carrier of the United Arab Emirates, celebrated its 20th anniversary with an iconic fly-past at the Formula 1 Etihad Airways Abu Dhabi Grand Prix. The event, held over the Yas Marina Circuit, saw Etihad’s Boeing 787 Dreamliner soar above the track, complemented by a precision formation by the UAE’s renowned aerobatic team, Al Fursan. The Dreamliner, cruising at a height of 600 feet, was piloted by a team of Etihad’s most seasoned aviators. The fly-past, a harmonious blend of timing and skill, was meticulously choreographed to coincide with the conclusion of…