Mercury Systems Third Quarter 2024 Earnings: Misses Expectations

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Gold hits record high as Iran shock triggers haven support
The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Reuters
US rate cut optimism steers gold to another record high
Gold prices touched a record high on Monday as recent economic data boosted bets for interest rate cuts by the U.S. Federal Reserve, while silver followed suit and surged to a more than 11-year high. Spot gold rose 0.5% to $2,427.21 per ounce as of 1204 GMT after hitting a record high of $2,449.89 earlier in the session. Data showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
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Morning Bid: China clouds darken market mood
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
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Fed's Barr: Inflation data 'disappointing,' tight policy needs more time
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The Independent
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Reuters
Dollar firm as investors await Fed guidance
NEW YORK (Reuters) -The dollar was firm against the euro on Monday as investors awaited further clues to help them figure out the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling. Atlanta Fed President Raphael Bostic said on Monday it will take a while for the U.S. central bank to be confident that inflation is on track back to the central bank's 2% goal. Besides Bostic, several other Fed speakers are due to speak on Monday and later in the week.
Reuters
Stocks strong on economic optimism, metals shine
SINGAPORE/LONDON (Reuters) -Gold and copper started the week at record highs, with world stocks not far off, buoyed by investor optimism over slower inflation, economic growth and China's efforts to address its property crisis. Gold climbed more than 1% to a record $2,449.89 an ounce, while three-month copper on the London Metal Exchange surged as much as 4.1% to a historic high of $11,104.50, after climbing 28% so far this year. That the two metals were rallying together was notable, said analysts at Rabobank, as the two tend to "provide different signals, with copper being reflective of the economic outlook - owing to its importance as an industrial input - and gold being an indicator of broader sentiment."
Yahoo Finance
Secondhand Rolex sales surge in 'underdeveloped' US market
Luxury watch prices are moderating on the secondary market, but retailers like Watches of Switzerland see demand continuing to outpace supply.
Barrons.com
Gold Is at Record Levels. Its Future Still Looks Bright.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
GOBankingRates
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Exploring Top Dividend Stocks In Hong Kong For May 2024
As of May 2024, the Hong Kong market has shown resilience with the Hang Seng Index gaining 3.11%, reflecting a positive sentiment among investors despite broader global economic uncertainties. This backdrop creates an interesting scenario for dividend-seeking investors, as stable, high-yield stocks could be particularly appealing in such an environment where steady returns are prized amidst fluctuating markets.
Robb Report
There Are Now More People Worth Over $100 Billion Than Ever
LVMH founder Bernard Arnault remains at the top of the heap.
Yahoo Finance
Trading stocks all day and all night might be an 'inevitability' for investors
Around-the-clock stock trading is likely the future, executives at several trading platforms say, thanks to increased demand from international markets and a new generation of investors who expect constant online access.
GOBankingRates
25 Bad Habits You Must Avoid If You’re Trying To Save Money
A lot can influence how much you save, including your income level, debt load, cost of living and financial habits. If you're trying to up your savings, one way to start is by taking a look at your...

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Mercury Systems (NASDAQ:MRCY) Third Quarter 2024 Results

Key Financial Results

Mercury Systems Revenues and Earnings Miss Expectations

Risk Analysis

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