The Latest: Trump celebrates steel and Musk as White House owns errors in RFK Jr. report
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Delta plane wing clips empty aircraft during pushback from gate in Atlanta
ATLANTA (AP) — A Delta Air Lines plane clipped another aircraft while pushing back from the gate Sunday morning in Atlanta, the airline said. The wing of the plane 'reportedly made contact' with an empty aircraft, Delta said in a brief written statement to The Associated Press. The flight was scheduled to travel from Atlanta to Guatemala City, according to FlightAware, a website that tracks flight disruptions. Passengers were transferred to another plane following a delay. On board the commercial aircraft were 192 customers, two pilots and four flight attendants. No injuries were reported, according to Delta, which has its headquarters in Atlanta. Additional information on the incident was not immediately available. The Associated Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26 minutes ago
- Yahoo
Analyst expects gold to fall off the 'Wall of Worry'
Analyst expects gold to fall off the 'Wall of Worry' originally appeared on TheStreet. Investors have been climbing the proverbial wall of worry to new record highs on the stock market this year, fearful with each step that the market is about to have a reversal. Meanwhile, gold's move to record highs has been far more impressive, and buyers seem to have no worry that the end of their rally is in sight. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA American Hartford Gold: #1 Precious Metals Dealer in the Nation Stocks, as measured by the Standard & Poor's 500, were up roughly 9.4% through August 8 – though they were up nearly 28% since the market bottom on April 9, the day when President Donald Trump paused tariffs just days after announcing them. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Meanwhile, gold has soared by 29.5% this year, through August 8, standing at roughly $3,460 an ounce. Its gain since the post-tariff announcement low is roughly 18%, but gold also didn't suffer as much as stocks in the meltdown that accompanied the tariff news. The three-year annualized average return on gold, as measured by SPDR Gold Shares () , is 23.4%, well above its historic averages; from 1971 to 2024, the annualized return on the shiny stuff was just under 8%. Gold benefits more from global chaos than inflation Gold's rise hasn't been as a result of its traditional role as a hedge against inflation, because it normally takes a protracted time period with prices rising by more than 5% for gold to kick in that way. Instead, gold has been seen as an ideal hedge against geopolitical risk, the fighting in Ukraine and Gaza, the prospect of trade wars coming from the tariffs, and more. With no end in sight to those problems, plenty of investors have become gold bugs, looking to precious metals for protection and profits in times of uncertainty. More investing: Analyst says popular meme stock is worth less than zero Veteran fund manager turns heads with Palantir stock price target Top analyst sends Apple CEO bold message about its future And while buying gold now – or stocks, for that matter – can feel a bit like showing up late to the party, most industry watchers are suggesting that full-steam ahead is more likely than some reversion to the mean. While there is no shortage of caution and nervousness, there is no widespread call for recession even into 2025. Plenty of market observers saying that rate cuts (whenever they start) and the economic benefits of deregulation – the next big component of President Trump's economic plan – will offset the headwinds to keep things moving forward, albeit moderately. And plenty of gold analysts make a case for the gold rally to continue. 'This gold bull market might be a little bit old in the tooth … it started in 2016,' said Thomas Winmill, manager of the Midas Discovery Fund () , in an interview on the August 4 edition of "Money Life with Chuck Jaffe." 'It's up over 300% in those nine years. That has not happened very often. The average bull market for gold is about 53 months, according to my research, and this is over 110, almost twice the normal length.'Still, Winmill insisted gold is not overpriced: 'If you adjust the former high, which was reached back in 1988, for inflation, we're actually below that high, which inflation-adjusted would be about $3,500 an ounce.' 'The basket of gold stocks represented by the Gold Bugs Index hit a high of 600 in August of 2011 when the gold price hit 1800,' Winmill added, 'and that index is well below that now, in the 400 range, about 430. So, on that score, we've got 50% to go in gold stocks." A "sell-the-rallies market for gold and silver" On the other side of that trade is veteran commodities and futures analyst Carley Garner, senior strategist at DeCarley Trading, who said in an interview from the August 5 edition of "Money Life" that it's a 'sell-the-rallies market in both gold and silver, and the reason I think that is I believe the U.S. dollar has bottomed, and I think it will continue to work its way higher.' Garner said that move in the dollar changes the landscape for a lot of commodities, but particularly the metals, and especially in times when gold 'is probably the most volatile it's ever been.' It's not the volatility that concerns Garner so much as the price, especially because, she said, 'A lot of people are putting money in gold just because it's going up.' 'But I've lived through 2011,' she added, 'and I remember all of the same stories that are circulating in gold, all the reasons to buy it. 'The central banks are buying this and that. You can't trust the dollar,' so on and so forth. 'All of those things were narratives in 2011, and gold topped, and then took a 50% haircut, and it took a decade to get back.' Garner added that a 50% haircut is not just a possible scenario, but also 'might actually be what could be around the corner.' Beyond gold, stocks could get hammered, too Garner noted that she isn't trying to predict anything, but rather is reading the probabilities. While her take on gold is sour, her take on the stock market isn't much better, with a probability of being much lower than current levels before it can trade significantly above them. She noted a trend line in the monthly chart of the S&P 500 futures, looking at high points, that 'comes in right around 6,000 [on the S&P index]. So can we go above 6500? Sure. But the odds that we see higher than that here in the next handful of months, are pretty slim. A more likely scenario is we get continuation of the consolidation or the pullback. But the problem is, I don't see any good support on a monthly chart until we get into the low 5000s.' In her personal portfolio, Garner noted that she is heavily overweight Treasury securities. She has used this strategy before to ride out rough patches until the market made her more optimistic. 'Treasuries, regardless of where you look at the curve, are paying 4% to 5%,' Garner said. 'And if you hold expiration, you get that money.…So I'm just playing the odds here. And the odds are Treasuries are [a] much better buy than stocks.'Analyst expects gold to fall off the 'Wall of Worry' first appeared on TheStreet on Aug 10, 2025 This story was originally reported by TheStreet on Aug 10, 2025, where it first appeared.
Yahoo
26 minutes ago
- Yahoo
Tribal endorsements cause stir in NM governor race
Aug. 10—SANTA FE — If successful in her bid to become New Mexico's next governor, Deb Haaland would be the first female Native American governor elected in United States history. But the former U.S. interior secretary does not have all New Mexico tribes lining up behind her in the race's early going, as one pueblo has already endorsed her primary opponent, Sam Bregman. Bregman recently announced the endorsement of Sandia Pueblo, with his campaign describing the endorsement as a sign of his growing momentum in the race. "It means a tremendous amount to me and my campaign that they have trust in me," Bregman said in a Thursday interview, while adding that he's confident other endorsements from tribal groups will be forthcoming. Bregman, the Bernalillo County district attorney, also said his office has about 50 criminal cases pending on Sandia Pueblo, which covers more than 22,000 acres just north of Albuquerque. Sandia Pueblo Gov. Felix Chaves said in an endorsement letter that he and other tribal leaders were confident Bregman would prioritize issues such as tribal sovereignty and water rights if elected governor, adding, "We trust that you will continue to be a strong advocate for all pueblos and the people of New Mexico." Meanwhile, Haaland has landed the endorsement of Jemez Pueblo, contrary to the Bregman campaign's claim that the Sandia Pueblo endorsement marked the first tribal endorsement of the 2026 campaign cycle. A campaign spokeswoman said Haaland has a strong working relationship with tribes built on mutual respect, while also citing her past work to secure tribal funding as interior secretary. The campaign also sent a statement from Jemez Pueblo Gov. George Shendo Jr., who said Haaland had fought for the tribe's economic interests and cultural values. "As she moves forward in her run for governor, she will continue standing up for communities that have been left behind by the rich and powerful and will continue fighting to make life better and more affordable for New Mexicans," said Haaland campaign spokeswoman Felicia Salazar. University of New Mexico political science professor Gabriel Sanchez said endorsements generally do not have a significant impact when it comes to influencing voters. "In this case, the endorsement of Sandia Pueblo's leadership is helpful for Bregman but will not have a huge impact on the outcome given that the influence would be limited to voters from Sandia Pueblo who are moved by the endorsement," Sanchez told the Journal. But he also said the Sandia Pueblo endorsement could be politically significant, while adding he still expects Haaland to receive the majority of votes from Native American voters in New Mexico in next year's primary election. "If Bregman can gain some additional endorsements and eat into that projected lead among Native American voters, that could be huge for his campaign," Sanchez said. Haaland and Bregman are vying, along with former Las Cruces Mayor Ken Miyagishima, for the Democratic nomination in next year's gubernatorial race, which is expected to be an expensive contest. The winner of the June 2026 primary election will likely enter the general election as the favorite, as no Republican has won a statewide race in New Mexico since former Supreme Court Justice Judith Nakamura did so in 2016. Haaland, who is an enrolled member of Laguna Pueblo and is a former tribal administrator for San Felipe Pueblo, became the first Native American Cabinet secretary after being appointed by President Joe Biden in 2021. While Haaland received accolades for many of her decisions as interior secretary, she also faced criticism at times. That includes an outcry over her 2023 decision to bar new oil and gas leasing in a 10-mile radius around Chaco Canyon from Navajo Nation residents who financially benefit from drilling royalties. For his part, Bregman has in the past represented clients who have filed lawsuits against tribal casinos over unpaid jackpots caused by machine malfunctions. But his campaign has also touted his efforts to protect minority communities, including by maintaining a Missing and Murdered Indigenous Women and Relatives Unit in the Bernalillo County District Attorney's office. Native Americans make up a significant voting bloc in New Mexico, as they represent more than 10% of the state's population, according to the 2020 census. The state's 23 federally recognized tribes follow their own timelines and procedures for political endorsements, though most tribes require candidates to personally appear before tribal leaders in order to be considered. Solve the daily Crossword
