Gold in 2022 saw its strongest annual demand in more than a decade, report finds

Annual global gold demand last year reached its highest since 2011, buoyed in part by record demand for the precious metal in the fourth quarter and the strongest gold demand among central banks since 1967, according to a World Gold Council report released Tuesday. Total global demand climbed 18% to 4,740.7 metric tons in 2022, … Read more

Tesla stock jumps nearly 12% to best week in a decade

Tesla Inc. stock extended its rally on Friday, pushing weekly gains to nearly 35%, as investors cheered the EV maker’s earnings and top executive Elon Musk’s assurances that demand is not a problem at Tesla. Tesla shares were on pace for their highest close since Dec. 9, when they closed at $179.05. The stock also … Read more

IBM posts biggest annual sales increase in more than a decade, announces layoffs

International Business Machines Corp. increased sales more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. IBM IBM, -0.52% reported fourth-quarter earnings of $2.71 billion, or $3.13 a share, on revenue of $16.7 billion, in line with about $16.7 billion … Read more