Gold Outlook Report 2023

40,000 U.S. Retail Stores Could Close By 2030 UBS consumer analyst Michael Lasser told clients that a further rise in e-commerce penetration, from about 22% today to as high as 27%, could force the closure of 40,000 U.S. retail stores by 2030. The warning comes as more than 10,000 stores have closed since late 2023, and shows how the shift to e-commerce is pressuring brick-and-mortar retail footprints nationwide. Lasser's forecast is that e-commerce penetration rates in the U.S. will top 27% by the end of the decade, up from the current 22%. Many...

We are reminded time and again that prices emerge from subjective valuation, not objective criteria.

Bloom Energy Erupts On Beat, Guidance Upgrade As On-Site Data Center Power Demand Soars Clean-power company Bloom Energy surged early in the U.S. cash session after reporting earnings Tuesday after the close, raising its full-year revenue and margin guidance on rising demand from data centers and other commercial customers.  The maker of solid oxide fuel cell systems, branded as Bloom Energy Servers, that generate electricity on-site for customers, posted a profit of $70.7 million, or 23 cents a share, compared with a loss of $23.8 million, or 10 cents a share,...