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Getty Images; Alyssa Powell/BIGoldman Sachs projects the price of gold will climb 8% to $3,000 an ounce by the end of 2025.They cite central bank buying, Fed rate cuts, and continued safe-haven interest as reasons.The commodity has already risen more than 30% to records highs so far this year.A will have more reason to keep piling into gold.Goldman said speculative positioning has risen to high levels over geopolitical and inflationary concerns. The bank anticipates that this could normalize as uncertainty softens gradually after the election, which could prompt some near-term downside risk to the price of gold.However, analysts wrote that…

Getty Images; Jenny Chang-Rodriguez/BIThis post originally appeared in the Insider Today newsletter.You can sign up for , Business Insider’s Lara O’Reilly, Rob Price, Hugh Langley, and Sydney Bradley write.After years of upping the ante with everything from exercise classes to laundry services, tech companies are clamping down on the freebies. It’s part of a broader push to cut costs across the industry.Those efforts took center stage recently when Meta fired employees , BI’s Jyoti Mann and Ashley Stewart write.While speaking at an all-hands earlier this month, Garman said nine out of 10 Amazonians he spoke to were ” after a…

I went to Greece for the first time, and the food was a major highlight. Toms Auzins/ShutterstockI’m a dietitian on the Mediterranean diet, and I recently went to Greece for the first time.I’ve never really thought to have salad for breakfast, but I’m going to do it at home now.Grilled sardines and calamari are some of my new favorite side dishes.I’ve been following the Mediterranean diet for years. As a dietitian, I know the lifestyle has a long list of impressive health benefits, plus it’s full of fresh, delicious food.However, practicing its principles to the fullest extent can be a…

Peloton has named a new CEO.Business InsiderPeloton just named Ford executive Peter Stern as its new CEO.The struggling fitness company is in the midst of a turnaround effort.Stern previously worked at Apple, where he led the growth of the company’s services business.Peloton has announced a new CEO to lead its turnaround effort.The struggling fitness company said Thursday that Peter Stern, currently president of Ford Integrated Services will be taking the helm on January 1.Before joining Ford last year, Stern worked for more than six years at Apple, where he led the growth of the company’s subscription services businesses, like Apple…

Sebastian Gollnow / picture alliance via Getty ImagesKEY TAKEAWAYSUber Technologies shares are dropping Thursday, as the ride-hailing giant posted weaker-than-expected gross bookings in the third quarter.The company said gross bookings rose 16% year-over-year to $41 billion in the third quarter, below estimates from Visible Alpha of $41.3 billion.Uber’s top- and bottom-line results handily beat analysts’ estimates, however. It posted revenue of $11.19 billion and net income of $2.6 billion for the third quarter.Uber Technologies (UBER) shares are dropping almost 10% Thursday, as the ride-hailing giant posted weaker-than-expected gross bookings in the third quarter.The company said gross bookings rose 16% year-over-year…

Joe Raedle / Getty ImagesTakeawaysShares of fitness company Peloton Interactive soared 22% in premarket trading Thursday after its first-quarter results topped analysts’ estimates and it appointed Ford executive Peter Stern as its new chief executive.Peloton reported a net loss of just $1 million, an improvement of $158 million year-over-year and much narrower than expected.Stern, who currently serves as president of Ford Integrated Services and previously was an executive at Apple, will begin his new roles as CEO and president on Jan. 1, 2025.Shares of fitness company Peloton Interactive (PTON) soared 22% in premarket trading Thursday after its first-quarter results topped analysts’…

Rosalind Eleazar plays detective Kat Donovan in “Missing You.”Vishal Sharma/Netflix”Missing You” is the next Harlan Coben mystery coming to Netflix in 2025.The most recent Coben show, “Fool Me Once,” became one of Netflix’s most-watched shows.It follows a detective who sees her ex-fiance on a dating app after he mysteriously disappeared.Netflix found huge success with “Fool Me Once,” based on a novel by Harlan Coben — and is about to serve up another. “Missing You” is the streamer’s fifth Coben adaptation following “Safe,” “Stay Close,” “The Stranger,” and “Fool Me Once” — which quickly became one of Netflix’s most-watched shows shortly…

News of the day for October 31, 2024Jeenah Moon / Bloomberg via Getty ImagesU.S. stock futures are down as market watchers evaluate disappointing earnings from Magnificent Seven firms; Meta Platforms (META) shares are falling in premarket trading despite beating earnings estimates as spending levels worry investors; Microsoft (MSFT) stock is down after its cloud services revenue came in below analysts’ expectations; the Personal Consumption Expenditures (PCE) inflation index for September is due today as the Federal Reserve considers more interest-rate cuts; and Amazon (AMZN), Apple (AAPL), and Intel (INTC) are set to report earnings after the close. Here’s what investors…

Bloomberg / Contributor / Getty IamgesKEY TAKEAWAYSStellantis on Thursday reported a 27% plunge in third-quarter revenue but also noted progress in running down the excess inventory buildup in the U.S. that has plagued the Big Three automaker.The company, which recently issued a profit warning, said that third-quarter net revenues were 33 billion euros ($35.8 billion) and that it was on track to deliver around 20 new models this year.Stellantis shares are rising 2.9% in premarket trading but have lost 43% of their value since the start of the year.Stellantis (STLA) on Thursday reported a 27% plunge in third-quarter revenue but…

David Paul Morris / Bloomberg via Getty ImagesKEY TAKEAWAYSRoku shares are tumbling 15% in premarket trading Thursday, a day after the company posted a disappointing fourth-quarter outlook and said it would stop issuing quarterly household streaming figures starting next year.For the fourth quarter, Roku said it expects a net loss of $65 million, which is wider than the $57.6 million consensus loss of analysts polled by Visible Alpha.Roku also said that starting from the first-quarter fiscal 2025 earnings results, it no longer would report quarterly updates on streaming households, a move similar to that announced earlier this year by Netflix.Roku…