Investors rush to safety in gold as Iraq falls
What's for Breakfast with Benjamin? The Iraq crisis hits another asset but in a good way. Plus: Oil spikes to nine-month high, a looming student loan crisis, how Goldman cashed out early on Alibaba, and a tribute to dads.
- Gold shines as Iraq deteriorates. The price of the precious metal is heading toward its first back-to-back weekly gain since April. Investors move toward safe-haven positions
- Oil prices jump to a nine-month high as Islamist militants try to overtake Iraq. At this rate, high summer gas prices might become the least of our worries. Jihadists are now about an hour’s drive from Bagdad with no U.S. support for Iraq in sight
- Problems in the student loan market are unfolding with striking similarities to the mortgage crisis. Government programs apply the same failed strategies that brought down the economy in 2008. Little incentive to prevent borrowers from defaulting
- Goldman Sachs, an early Alibaba investor, cashed out in 2004 and will now miss the big IPO payday. Settling for a 566% return
- Father’s Day bonus: Three dozen examples of dad humor. Keeping it nerdy, resourceful, embarrassing and simple
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