Bullion gold peaked at $3,508.90 per ounce on Wednesday as investors turned to safer assets amid economic uncertainty caused by Trump’s sweeping tariffs. However, the 90-day pause on reciprocal tariffs and optimism that the U.S. will manage to negotiate new deals with its trade partners is changing that approach. 

Gold is now down 5% from its record highs and is trading at $3,295.80 per ounce amid a profit-taking selloff. Investors are turning once again towards riskier assets while there is also belief that gold’s recent rally might have been too fast for the market to handle.

Meanwhile, promising signs that the U.S. and China will ease their trade war had a positive influence on the plummeting U.S. dollar. While being on track to have its biggest monthly slide in more than two years, the dollar seemed to have found a steady point in recent days.

The traders are standing pat in expectations of major US economic data, which are slated to be released this week. The US Dollar Index, which measures the value of U.S. currency against a basket of six major foreign currencies, is currently sitting at 99.58.

The post Gold Continues to Drop From Record Highs, Dollar Ends Its Slide appeared first on theprimarymarket.com.

Spot gold peaked at $3,022.00 early on Friday before settling at $3,002.50 per ounce by the end of the day after a profit-taking run. It is already 13.74% up in 2025, following the 24% jump in the last year. U.S. gold futures, on the other hand, have closed at $3,001.10.

Some experts believe that the surge in gold prices is a result of global central banks being more aggressive in building their reserves of the precious metal in recent years. Central banks turn to gold when they look to diversify their reserves or when they expect certain disruptions or sanctions, with the latter being common in emerging economies.

In a recent report, Goldman Sachs’ analyst Lina Thomas predicted that gold will reach $3,100 by the end of the year compared to previous forecast of $2,890 per ounce. Under the right circumstances, $3,300 per ounce would also be possible.

“We also see upside risk to our gold price forecast from stronger-than-expected central bank demand on higher US policy uncertainty,” Thomas added.

The post Gold Reaches $3,000 for First Time Ever as Investors Flock to Safe-Haven Assets appeared first on theprimarymarket.com.

TikTok, owned by China-based Bytedance, has faced scrutiny from the U.S. government due to national security concerns. Despite being used by more than 170 million Americans, the social video app was briefly banned in January in an effort to force Bytedance to sell its U.S. operations.

Musk has been mentioned as one of the potential bidders for TikTok due to his ties with China, where Tesla has a manufacturing plant. However, the wealthiest man in the world said that he doesn’t have an interest in buying the app.

“I have not put in a bid for TikTok,” Musk said during a recent appearance at a conference in Germany. “I don’t have any plans for what would I do if I had TikTok.”

“I’m not champing at the bit to acquire TikTok,” he added, saying that he doesn’t use the app personally.

After the initial ban, TikTok was temporarily made available again. However, the move was made in order to give Bytedance more time to orchestrate a sale and another shutdown still remains a possibility.

The post Elon Musk is No Longer Interested in Buying TikTok appeared first on theprimarymarket.com.

Despite all of the business success he had, Gronkowski still believes that the “best investment” he has ever made was buying Apple stock in 2014. He recently shared the story about the investment in an interview with Fortune magazine.

According to Gronkowski, he was still new to investing and wasn’t familiar with the stock market at the time. However, a contractor building his house was going on about Apple stock and was urging him to get involved.

“So after the 50th time, I got it. And let me tell you, it’s the best investment I’ve ever had in my life,” Gronkowski shared.

Apparently, Gronkowski initially invested $69,000 and promptly forgot about it. But after two and a half years, he checked in on it and realized his investment was worth more than $250,000. At that point, he decided to cash in the original investment and let the rest sit.

“To this date, I have over $600,000 of Apple stock, all because of the investment I made in 2014, having no idea what I was doing but just listening to the man who built my house here in New England,” Gronkowski added.

In 2014, Apple stock traded at the average annual price of $20.38 per share. Since then, the iPhone maker’s stock soared by more than 1,000% and is currently worth $234.93 per share.

The post Former NFL Star Rob Gronkowski’s “Best Investment” Was Buying Apple Stock in 2014 appeared first on theprimarymarket.com.

Saudi Aramco is reportedly set to invest $1 billion in Mavenir through its digital and tech assets subsidiary Aramco Digital. The deal would place a valuation of around $3 billion on Mavenir.

The deal between Saudi Aramco and Mavenir is expected to be finalized by the end of 2024. However, sources close to the matter say that the talks could still break down at some point.

Reuters also reports that Saudi Aramco and Mavenir’s negotiations also include a separate deal. The two sides would invest $200 million in a joint venture that would focus on technology development in Saudi Arabia.

Mavenir was founded in 2017 as a result of a merger between three companies: Xura, Manevir Systems, and Ranzure Networks. The Richardson, Texas-based firm provides Open Radio Access Network (ORAN) technology, which is cloud-based and provides “interoperation between cellular network equipment.” This allows telecom operators to build their mobile networks at an affordable cost while using equipment from different manufacturers.

Mavenir previously intended to go public in 2020 but ended up going back on this plan due to market volatility.

The post Saudi Aramco Set to Make $1 Billion Investment in U.S. Telecommunications Software Firm Mavenir appeared first on theprimarymarket.com.

Uber is reportedly planning to buy $10 million in Pony AI shares, although the size of the investment could change before the IPO is priced next week. This would mark the continuation of its push in the autonomous driving sector.

Uber already has a partnership agreement with China’s autonomous driving firm WeRide to offer self-driving rides in Abu Dhabi while also extending a partnership with robotaxi company Waymo and investing in robotaxi startup Wayve.

Pony AI initially planned to offer 15 million American depository shares (ADSs) as part of its IPO before increasing the offering to 20 million ADSs. The shares will be priced between $11 and $13 per share, and the company is looking to attract $260 million in investments. This would give it a valuation of $4.55 billion after previously targeting an $8 billion valuation during the funding round in 2022.

Pony AI was founded in 2016 and manufactures driverless trucks and robotaxis. The company currently has the approval to provide robotaxi services in China’s Beijing, Shenzhen, and Guangzhou.

The post Uber in Talks to Invest in U.S. IPO Offering of Autonomous Driving Firm Pony AI appeared first on theprimarymarket.com.

Besides preparing a tender offer for SpaceX, Musk is also pitching his artificial startup xAI to investors. Reportedly, the startup recently attracted investments of $5 billion and is now valued at $45 billion.

If the report ends up being true, the tender offer would put $250 billion on SpaceX. The company was valued at $180 back in December 2023, being the second most valuable startup in the world.

The report goes against what Musk, who serves as the company’s CEO, said in the past.

Back in May, Bloomberg News reported that SpaceX plans to launch a tender offer at $108 to $110 per share in the summer. At the time, Musk responded that the report was false and that the company “has no need for additional capital and will actually be buying back shares.”

SpaceX was founded in 2002 with the intention to reduce the costs of space launches, offering commercial space flights, and eventually setting up a human colony on Mars. Since then, the company has made a number of successful launches and has collaborated with a number of space agencies, including NASA.

The post Elon Musk’s SpaceX Set to Launch Tender Offer at $135 Per Share appeared first on theprimarymarket.com.

The stake in Meta is now among the two biggest holdings in ValueAct’s portfolio, alongside a stake in cloud-based software firm Salesforce.

It is believed that ValueAct isn’t seeking major changes in Meta at the moment. The two companies had discussions recently, but they were described as cordial. Sources who spoke with CNBC also indicate that ValueAct CEO Mason Morfit is particularly fond of Meta’s push into the artificial intelligence sector.

Unlike most other activist investors, ValueAct is considered to work on a collaborative approach. It tends to keep its discussions and demands private and tends to work with management on finding the best solutions for particular issues.

ValueAct is no stranger to investments in the technology sector and high-profile companies. It previously took stakes in Microsoft, Disney, and Spotify.

Meta’s stock hasn’t seen a significant movement since the report of ValueAct’s stake and closed at $584.82 per share. It remains 68.88% up year-to-date.

The post Activist Investor ValueAct Builds a $1 Billion Stake in Meta appeared first on theprimarymarket.com.

Buffett started investing in Apple back in 2016 and eventually bought so many shares that it represented almost half of Berkshire’s holdings. However, starting in the final quarter of 2023, the company began downsizing Apple stock and has now sold it for the fourth straight quarter.

According to an earnings report shared on Saturday, Berkshire held $69.9 billion worth of Apple stock at the end of last quarter. This means that the conglomerate now holds 300 million Apple shares compared to the 400 million it held in the quarter prior.

Despite the sales, Apple is still the single largest stock holding on Berkshire’s portfolio.

It is unclear what prompted Berkshire’s sell-off, although Buffet had previously hinted that tax consideration played a significant part in the move. Apparently, he believes that the tax on capital gains will rise significantly in the future and wants to act beforehand.

However, some experts think that Buffet also deems Apple’s stock as “too expensive” and that the company’s business isn’t on track to see continued rapid growth as was the case in some previous years. 

The post Warren Buffett’s Berkshire Hathaway Continues Apple Stock Sell-Off for 4th Straight Quarter appeared first on theprimarymarket.com.

Brady initially struck a deal with the Raiders’ controlling owner, Mark Davis, in May 2023 to get a piece of the franchise. However, he needed to clear a number of obstacles before the deal could be approved.

Reportedly, other NFL owners believed that Davis gave Brady too much of a discount, which dragged out the process and prompted the seven-time Super Bowl winner to up his bid. Additionally, Brady’s position as an NFL analyst with Fox Sports was also considered to be an issue.

As a team owner, Brady will now have to follow certain rules while working on TV. He won’t have access to team facilities, players, or coaching staff, and he has to refrain from criticizing the officials and other franchises.

A stake in the Raiders adds to Brady’s growing involvement in sports ownership. He also owns a stake in WNBA’s Las Vegas Aces, who are also controlled by Davis, while being a minority owner of the English soccer club Birmingham City. On top of that, Brady invested in Major League Pickleball, where he will be part owner of an expansion team.

The post Tom Brady Officially Acquires a Minority Stake in the Las Vegas Raiders appeared first on theprimarymarket.com.

Bullion gold peaked at $3,508.90 per ounce on Wednesday as investors turned to safer assets amid economic uncertainty caused by Trump’s sweeping tariffs. However, the 90-day pause on reciprocal tariffs and optimism that the U.S. will manage to negotiate new deals with its trade partners is changing that approach. 

Gold is now down 5% from its record highs and is trading at $3,295.80 per ounce amid a profit-taking selloff. Investors are turning once again towards riskier assets while there is also belief that gold’s recent rally might have been too fast for the market to handle.

Meanwhile, promising signs that the U.S. and China will ease their trade war had a positive influence on the plummeting U.S. dollar. While being on track to have its biggest monthly slide in more than two years, the dollar seemed to have found a steady point in recent days.

The traders are standing pat in expectations of major US economic data, which are slated to be released this week. The US Dollar Index, which measures the value of U.S. currency against a basket of six major foreign currencies, is currently sitting at 99.58.

The post Gold Continues to Drop From Record Highs, Dollar Ends Its Slide appeared first on theprimarymarket.com.

Spot gold peaked at $3,022.00 early on Friday before settling at $3,002.50 per ounce by the end of the day after a profit-taking run. It is already 13.74% up in 2025, following the 24% jump in the last year. U.S. gold futures, on the other hand, have closed at $3,001.10.

Some experts believe that the surge in gold prices is a result of global central banks being more aggressive in building their reserves of the precious metal in recent years. Central banks turn to gold when they look to diversify their reserves or when they expect certain disruptions or sanctions, with the latter being common in emerging economies.

In a recent report, Goldman Sachs’ analyst Lina Thomas predicted that gold will reach $3,100 by the end of the year compared to previous forecast of $2,890 per ounce. Under the right circumstances, $3,300 per ounce would also be possible.

“We also see upside risk to our gold price forecast from stronger-than-expected central bank demand on higher US policy uncertainty,” Thomas added.

The post Gold Reaches $3,000 for First Time Ever as Investors Flock to Safe-Haven Assets appeared first on theprimarymarket.com.

TikTok, owned by China-based Bytedance, has faced scrutiny from the U.S. government due to national security concerns. Despite being used by more than 170 million Americans, the social video app was briefly banned in January in an effort to force Bytedance to sell its U.S. operations.

Musk has been mentioned as one of the potential bidders for TikTok due to his ties with China, where Tesla has a manufacturing plant. However, the wealthiest man in the world said that he doesn’t have an interest in buying the app.

“I have not put in a bid for TikTok,” Musk said during a recent appearance at a conference in Germany. “I don’t have any plans for what would I do if I had TikTok.”

“I’m not champing at the bit to acquire TikTok,” he added, saying that he doesn’t use the app personally.

After the initial ban, TikTok was temporarily made available again. However, the move was made in order to give Bytedance more time to orchestrate a sale and another shutdown still remains a possibility.

The post Elon Musk is No Longer Interested in Buying TikTok appeared first on theprimarymarket.com.

Despite all of the business success he had, Gronkowski still believes that the “best investment” he has ever made was buying Apple stock in 2014. He recently shared the story about the investment in an interview with Fortune magazine.

According to Gronkowski, he was still new to investing and wasn’t familiar with the stock market at the time. However, a contractor building his house was going on about Apple stock and was urging him to get involved.

“So after the 50th time, I got it. And let me tell you, it’s the best investment I’ve ever had in my life,” Gronkowski shared.

Apparently, Gronkowski initially invested $69,000 and promptly forgot about it. But after two and a half years, he checked in on it and realized his investment was worth more than $250,000. At that point, he decided to cash in the original investment and let the rest sit.

“To this date, I have over $600,000 of Apple stock, all because of the investment I made in 2014, having no idea what I was doing but just listening to the man who built my house here in New England,” Gronkowski added.

In 2014, Apple stock traded at the average annual price of $20.38 per share. Since then, the iPhone maker’s stock soared by more than 1,000% and is currently worth $234.93 per share.

The post Former NFL Star Rob Gronkowski’s “Best Investment” Was Buying Apple Stock in 2014 appeared first on theprimarymarket.com.

Saudi Aramco is reportedly set to invest $1 billion in Mavenir through its digital and tech assets subsidiary Aramco Digital. The deal would place a valuation of around $3 billion on Mavenir.

The deal between Saudi Aramco and Mavenir is expected to be finalized by the end of 2024. However, sources close to the matter say that the talks could still break down at some point.

Reuters also reports that Saudi Aramco and Mavenir’s negotiations also include a separate deal. The two sides would invest $200 million in a joint venture that would focus on technology development in Saudi Arabia.

Mavenir was founded in 2017 as a result of a merger between three companies: Xura, Manevir Systems, and Ranzure Networks. The Richardson, Texas-based firm provides Open Radio Access Network (ORAN) technology, which is cloud-based and provides “interoperation between cellular network equipment.” This allows telecom operators to build their mobile networks at an affordable cost while using equipment from different manufacturers.

Mavenir previously intended to go public in 2020 but ended up going back on this plan due to market volatility.

The post Saudi Aramco Set to Make $1 Billion Investment in U.S. Telecommunications Software Firm Mavenir appeared first on theprimarymarket.com.

Uber is reportedly planning to buy $10 million in Pony AI shares, although the size of the investment could change before the IPO is priced next week. This would mark the continuation of its push in the autonomous driving sector.

Uber already has a partnership agreement with China’s autonomous driving firm WeRide to offer self-driving rides in Abu Dhabi while also extending a partnership with robotaxi company Waymo and investing in robotaxi startup Wayve.

Pony AI initially planned to offer 15 million American depository shares (ADSs) as part of its IPO before increasing the offering to 20 million ADSs. The shares will be priced between $11 and $13 per share, and the company is looking to attract $260 million in investments. This would give it a valuation of $4.55 billion after previously targeting an $8 billion valuation during the funding round in 2022.

Pony AI was founded in 2016 and manufactures driverless trucks and robotaxis. The company currently has the approval to provide robotaxi services in China’s Beijing, Shenzhen, and Guangzhou.

The post Uber in Talks to Invest in U.S. IPO Offering of Autonomous Driving Firm Pony AI appeared first on theprimarymarket.com.

Besides preparing a tender offer for SpaceX, Musk is also pitching his artificial startup xAI to investors. Reportedly, the startup recently attracted investments of $5 billion and is now valued at $45 billion.

If the report ends up being true, the tender offer would put $250 billion on SpaceX. The company was valued at $180 back in December 2023, being the second most valuable startup in the world.

The report goes against what Musk, who serves as the company’s CEO, said in the past.

Back in May, Bloomberg News reported that SpaceX plans to launch a tender offer at $108 to $110 per share in the summer. At the time, Musk responded that the report was false and that the company “has no need for additional capital and will actually be buying back shares.”

SpaceX was founded in 2002 with the intention to reduce the costs of space launches, offering commercial space flights, and eventually setting up a human colony on Mars. Since then, the company has made a number of successful launches and has collaborated with a number of space agencies, including NASA.

The post Elon Musk’s SpaceX Set to Launch Tender Offer at $135 Per Share appeared first on theprimarymarket.com.

The stake in Meta is now among the two biggest holdings in ValueAct’s portfolio, alongside a stake in cloud-based software firm Salesforce.

It is believed that ValueAct isn’t seeking major changes in Meta at the moment. The two companies had discussions recently, but they were described as cordial. Sources who spoke with CNBC also indicate that ValueAct CEO Mason Morfit is particularly fond of Meta’s push into the artificial intelligence sector.

Unlike most other activist investors, ValueAct is considered to work on a collaborative approach. It tends to keep its discussions and demands private and tends to work with management on finding the best solutions for particular issues.

ValueAct is no stranger to investments in the technology sector and high-profile companies. It previously took stakes in Microsoft, Disney, and Spotify.

Meta’s stock hasn’t seen a significant movement since the report of ValueAct’s stake and closed at $584.82 per share. It remains 68.88% up year-to-date.

The post Activist Investor ValueAct Builds a $1 Billion Stake in Meta appeared first on theprimarymarket.com.

Buffett started investing in Apple back in 2016 and eventually bought so many shares that it represented almost half of Berkshire’s holdings. However, starting in the final quarter of 2023, the company began downsizing Apple stock and has now sold it for the fourth straight quarter.

According to an earnings report shared on Saturday, Berkshire held $69.9 billion worth of Apple stock at the end of last quarter. This means that the conglomerate now holds 300 million Apple shares compared to the 400 million it held in the quarter prior.

Despite the sales, Apple is still the single largest stock holding on Berkshire’s portfolio.

It is unclear what prompted Berkshire’s sell-off, although Buffet had previously hinted that tax consideration played a significant part in the move. Apparently, he believes that the tax on capital gains will rise significantly in the future and wants to act beforehand.

However, some experts think that Buffet also deems Apple’s stock as “too expensive” and that the company’s business isn’t on track to see continued rapid growth as was the case in some previous years. 

The post Warren Buffett’s Berkshire Hathaway Continues Apple Stock Sell-Off for 4th Straight Quarter appeared first on theprimarymarket.com.

Brady initially struck a deal with the Raiders’ controlling owner, Mark Davis, in May 2023 to get a piece of the franchise. However, he needed to clear a number of obstacles before the deal could be approved.

Reportedly, other NFL owners believed that Davis gave Brady too much of a discount, which dragged out the process and prompted the seven-time Super Bowl winner to up his bid. Additionally, Brady’s position as an NFL analyst with Fox Sports was also considered to be an issue.

As a team owner, Brady will now have to follow certain rules while working on TV. He won’t have access to team facilities, players, or coaching staff, and he has to refrain from criticizing the officials and other franchises.

A stake in the Raiders adds to Brady’s growing involvement in sports ownership. He also owns a stake in WNBA’s Las Vegas Aces, who are also controlled by Davis, while being a minority owner of the English soccer club Birmingham City. On top of that, Brady invested in Major League Pickleball, where he will be part owner of an expansion team.

The post Tom Brady Officially Acquires a Minority Stake in the Las Vegas Raiders appeared first on theprimarymarket.com.