Gold prices hit new milestones last week, reaching a fresh record high of $2,600 on Friday. Expectations of further interest rate cuts bolstered the appeal of bullion, but that is not the only reason.
The rising deficit rate in the U.S. is one of the key forces driving gold prices. Historically, Gold prices and the US deficit rate have shown good synchronicity historically:
1. From 1984 to 2000, the US deficit ra...

Shares of Vietnamese electric vehicle maker VinFast (VFS) surged on Tuesday after it merged with a special purpose acquisition company (SPAC).
The stock last traded at $26.73, up from its opening price of $22 and more than double Monday's closing price of its SPAC partner, Black Spade Acquisition.
VinFast merged with Hong Kong-based Black Spade, a SPAC funded by the private investment arm of Melco Resorts & Entertainment (MLCO) chief executive ...

Spoiler: At the end of this post, there is a chance for you to win points! Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of this week! (Nano caps are excluded.)
📊 Make Your Choices
💡Buzzing Stocks List & Mooers Comments
Following the release of producer price inflation data, the major U.S. ...

Rewards
● An equal share of 1,000 points: For mooers who correctly guess NIO's (US-Market) closing price range on June 9 ET by 2:30 PM, June 9 ET. (e.g., If 50 mooers make a correct guess, each of them will get 20 points.)
● Exclusive 300 points: For the writer of the top post on analyzing NIO's earnings preview as an inspiration reward.
*The selection is based on post quality, originality, and user engagement.
Note: 1. R...

Most people tend to overestimate their skills, whether it's changing an electrical outlet or managing their own finances.
73% of Americans consider themselves to be better-than average drivers
65% of Americans think they have above-average intelligence
Behavioral finance has a name for this ego-driven tendency: overconfidence bias.
Let's find out whether the theory is true or not together
Source:
Fundamentals of behavioral finance: Overconfidence bias

Happy new year!!