Independent thinking for complex markets and current events
Authored by Mike Shedlock via mishtalk, Interesting Combination Today: Gold, the long bond yield, and the dollar are all up strongly. Interesting Market Action Gold: +$85.00 to $3,602 (+2.4 percent) 30-Year Long Bond Yield: Up 5 basis points (0.94 percent) to 4.97 percent US Dollar Index: Index level up 0.57 points (0.57 percent) to 98.257 …
After a decade of relentless research, a team of Chinese scientists has achieved a remarkable feat: producing steel without coal and at a speed 3,600 times faster than traditional methods. This innovation, first reported by the South China Morning Post, could reshape the global steel industry while dramatically reducing its environmental footprint. After a decade …
Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing workers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster” in a memo posted on the company’s internal Workplace forum on Tuesday. Zuckerberg told employees 2025 will “be an intense year.” Meta …