Gold holds in tight range as Iran tensions support USD

Gold (XAU/USD) struggles to build on the previous day’s move higher and oscillates in a narrow band during the Asian session on Friday. The commodity manages to hold comfortably above the $4,600 mark, though it remains on track for a second straight weekly decline. The US Dollar (USD) steadies following…

Fidelity and Vanguard halt SPLC grants amid federal charges: report

Fidelity and Vanguard’s charitable arms have reportedly paused grants to the Southern Poverty Law Center (SPLC) through their donor-advised funds after the group was indicted on federal charges. The Justice Department last week charged the civil rights nonprofit with financial crimes, including wire fraud and money laundering. In the wake of the charges, many supporters moved to donate to help support the group’s legal defense, The New York Times reported.However, both Fidelity Charitable and Vanguard…

Finance news

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The blame game over AI hallucinations in court filings has started

Lawyers keep getting burned by artificial intelligence that invents cases and makes up quotes. Now, some attorneys are naming the software they used. Loading audio narration… Last month, a Louisiana personal injury lawyer apologized after submitting briefs that cited a real court decision but quoted passages that didn’t exist. The…

Business

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US economy grows 2% in Q1, missing economist expectations of 2.3%

U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth quarter, according to the Commerce Department’s latest estimate. The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of first-quarter GDP, which showed the economy grew at an annualized rate of 2% in…

Investing

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