Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital.  The price of the precious metal could reach between $2,500 and $4,000 sometime next year, Kiener told …

The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual China Group | Getty Images BEIJING — The Chinese economy of 2023 almost …

A bipartisan group of senators introduced a bill on Wednesday aimed at increasing transparency for Twitter, Facebook and other social media companies as lawmakers debate whether to ban TikTok. The Platform Accountability and Transparency Act is intended to make the companies’ internal data more accessible to the public by requiring …

CNBC’s Jim Cramer on Wednesday highlighted technology and real estate stocks he believes can perform well in 2023, following a dismal year for both sectors. Rising interest rates presented challenges for tech and real estate industries in 2022. Information technology is down 27% year to date, as of Wednesday’s close, …

CNBC’s Jim Cramer said Wall Street’s reaction Wednesday to quarterly results from Nike and FedEx offers an important lesson for investors: It’s misguided to focus purely on Federal Reserve commentary and predictions on where S&P 500 will go next. Both companies on Tuesday night reported better-than-feared earnings, sending their respective …

Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted …

Americans across the board are struggling with credit card debt. Those just starting out are particularly vulnerable. With limited financial resources, lower wages and shorter credit histories, young adults are struggling to manage high-interest debt more than other age group, according to a new report by Urban Institute. Nearly one …

Satya Nadella, chief executive officer of Microsoft Corp., during the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images Google has for years been playing catch-up in the cloud infrastructure market, where it’s seen in the industry as a distant third in …

The surge in flu cases and Covid-19 infections this month, along with elevated levels of childhood respiratory syncytial virus, or RSV infections, has caused elevated demand for children’s over-the-counter cold and flu medications this year. The Commissioner of the Food and Drug Administration says his agency is working with producers …

Under Armor’s new CEO Stephanie Linnartz Courtesy: Under Armour Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the company hopes will grow its digital business.  Linnartz, who has been with …