Life

Gold Hits Over Seven-month Low

How Bob Krist spent decades traveling the world

Since 1976, Bob Krist has been traveling the world and documenting faraway cultures and places for magazines like National Geographic and the Smithsonian. Bob, who lives in Mexico City with his wife, doesn’t plan on retiring. In fact, he’s now experimenting with a new medium — video documentaries! His goal, as he puts it, is to keep “looking for interesting stuff to stand in front of.”

Learn more about Bob and his travels in the video above.

Matt Gaetz’s Hot Take On Ted Cruz Apology Mocked By Many On Twitter

Rep. Matt Gaetz (R-Fla.) weighed in on Sen. Ted Cruz’s (R-Texas) controversial Cancun trip — and promptly got taken to task on Twitter.

Cruz initially tried to blame his daughters for the holiday, which he cut short Thursday after mounting criticism. The Texas Republican later admitted traveling as his home state suffers widespread blackouts from winter storms wasn’t the greatest of looks.

Many Conservatives tripped over themselves trying to justify Cruz’s visit.

Trump sycophant Gaetz, however, was not among them.

Rather, he declared in the early hours of Friday:

Many Twitter users agreed, but not in the way Gaetz was likely hoping.

Instead, they argued, Cruz should have simply resigned over the scandal:

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6 Capitol Police Officers Suspended, Another 29 Investigated For Alleged Roles In Jan. 6 Riot

Six Capitol Police officers have been suspended with pay and 29 others are under investigation for their alleged roles in the riot last month, CNN and Fox News reported Thursday.

“Acting Chief Yogananda Pittman has directed that any member of her department whose behavior is not in keeping with the Department’s Rules of Conduct will face appropriate discipline,” a department spokesperson stated.

Images of apparently friendly and encouraging officers were posted on social media during and shortly after the Jan. 6 riot. Five people lost their lives in the attack, including fellow Capitol Police Officer Brian Sicknick. Two other officers later died by suicide.

According to Rep. Tim Ryan (D-Ohio), one of the suspended officers took a selfie with a person who was part of the mob that overtook the Capitol. Another wore a “Make America Great Again” hat and appeared to direct rioters around the building.

Two accused rioters informed the FBI that a Capitol police officer told them: “It’s your house now” after they busted into the Capitol.

At least seven officers in five other police departments have also come under investigation for their alleged role in the Capitol attack.

Barnes Group Q4 Profit Tops Estimates

Barnes Group Inc. (B) reported fourth quarter adjusted net income per share of $0.36, down 58% from $0.86, a year ago. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.33, for the quarter. Analysts’ estimates typically exclude special items.

Fourth quarter net sales were $289 million, down 22% from $370 million prior year, with organic sales declining 21% primarily driven by the ongoing impacts of the global pandemic on the company’s end markets. Analysts expected revenue of $282.78 million, for the quarter.

Barnes Group expects 2021 organic sales to be up 6% to 8%. Adjusted earnings per share are expected to be in the range of $1.65 to $1.90.

Petrol crosses ₹ 90 mark in Delhi, diesel at ₹ 80.60

The increase follows a spurt in prices of oil in the international market.

New Delhi Petrol price on Friday crossed the ₹ 90-per-litre mark in the national capital, and diesel soared to ₹ 80.60 after rates were increased for the 11th consecutive day in a row.

Petrol price on Friday was hiked by 31 paise per litre and diesel by 33 paise, according to a price notification of state-owned fuel retailers.

This pushed the petrol price to ₹ 90.19 a litre in Delhi and to ₹ 96.62 in Mumbai.

Diesel now comes for ₹ 80.60 a litre in the national capital and for ₹ 87.62 in Mumbai.

The increase follows a spurt in prices of oil in the international market, on which India is 85 % dependent to meet its needs. Brent oil crossed $ 65 a barrel on Thursday as a worsening U.S. energy crisis took out almost 40 % of the nation’s crude production.

In 11 days, retail petrol prices have risen by ₹ 3.24 a litre, a record since the pricing was deregulated in 2010, and diesel rates have gone up by ₹ 3.47. Petrol price has already surged past the ₹ 100-mark in some places in Rajasthan and Madhya Pradesh, which levy the highest VAT on the fuel. Retail pump prices defer from state to state depending on the local taxes (VAT) and freight.

Gold Hits Over Seven-month Low

Gold hit its lowest level in more than seven months on Friday as rising Treasury yields on concerns about the possibility of higher inflation eroded the appeal of non-yielding bullion.

Spot gold was down 0.3 percent at $1,770.72 per ounce, after having touched its lowest since July 2 at $1,759.29 earlier in the session. U.S. gold futures were down 0.4 percent at $1,768.25.

Weak data released overnight showing an unexpected rise in weekly jobless claims and a fall in housing starts for the first time in five months failed to support gold.

Benchmark U.S. Treasury yields hovered close to a near one-year high hit earlier in the week, increasing the cost of holding bullion.

The flash reading of the IHS Markit eurozone composite purchasing managers index rose to a two-month high of 48.1 in February from 47.8 in January while in the U.K., the flash composite PMI rose to 49.8 from 41.2 in January.

U.K. retail sales volume decreased 8.2 percent month-on-month in January as tighter nationwide coronavirus restrictions affected demand, the Office for National Statistics said.

Traders will have a chance to take a look at U.S. PMI numbers later today.