Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
A Missouri man died of vaping-related illness, officials announced Thursday.Health and Scienceread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Gold fell to a two-week low on Monday following upbeat comments on the U.S. economy from a senior Federal Reserve official.
Spot gold traded at around $1,333.40 per ounce at the start of the trading week, after Fed Vice Chairman Stanley Fischer told a conference in Aspen, Colorado, Sunday that an interest rate hike was still under consideration for this year and that economic growth would accelerate.
"I think that as U.S. data has surprised to the upside recently … the Fed prepares for a hike … it is understandable that gold comes under pressure, especially in these quiet summer months when liquidity is not great," Joni Teves, UBS strategist, told CNBC on Monday.
Bullion has gained over 25 percent this year, as commodity prices recover and investors continue to look for "safe haven" investments amid global economic uncertainty and a depressed bond yield environment.
"Apart from January, we have a pretty positive rally and that has been very much helped by the China simmers we saw at the start of the year," David Wilson, director of metals research and strategy at Citi, told CNBC on Monday.
He said this year's rally in commodities was a slightly overblown.
"It did feel like things had got a little bit too ahead of themselves as we were coming into the middle of the year," Wilson told CNBC.
However, with bond prices at record highs, boosted by asset-buying programs from the likes of the Bank of England, Teves said gold would continue to benefit from the "global yield hunt."
"I think there is also a lot of uncertainty as to how central banks can normalize policy and I think that is underpinning gold at the moment," she told CNBC.
UBS forecasts prices for the precious metal would average $1,400 per ounce next year — better than the $1,250 expected by Citi.
"Long-term, the case (for gold) looks solid," Alan Miller, the CIO of investment management firm SCM Direct, told CNBC on Monday.
Teves added that gold production would likely decrease going forward, supporting prices.
"Our view on mine supply is that it is flattening out … It is a reflection of the lack of investment over the last few years," she told CNBC.