Independent thinking for complex markets and current events
Actually Steve Davis, who works with Musk at DOGE, corrected it in the interview saying that the online survey was part of an $830 million contract by the Department of the Interior that DOGE stopped. We saw the internal emails and contract that was stopped to back that up. https://t.co/RGtcefP2hE — Bret Baier (@BretBaier) April …
Investing.com– Gold prices hit record highs in Asian trade on Tuesday, extending a recent run of gains amid persistent optimism over U.S. interest rate cuts, with focus turning to more upcoming cues this week. Among industrial metals, copper prices rose sharply after the Chinese government announced a barrage of stimulus measures, raising hopes of an …
Federal Reserve officials warned at the June policy meeting that if inflation remained elevated or continued to rise, policymakers might need to raise interest rates, according to minutes from the meeting released on Wednesday. Officials noted that they are not ready to cut interest rates until they have obtained “greater confidence” that the inflation rate …
Amidst fears of an impending recession, analysts point to historical indicators like a steepening yield curve and rising unemployment. Drawing parallels to past economic downturns, such as the Dot Com bubble and the 2008 Financial Crisis, cautionary signals have yet to fully materialize. Despite this, the stock market remains bullish, buoyed by ongoing optimism and …
Investor euphoria persists despite recent market drops, raising concerns about the absence of hard lessons since 2009. Glenn Kelman’s insights resonate deeply with real estate professionals, highlighting a housing recession amid a booming economy. As monetary policy falters and debt cycles override business cycles, the strain on households becomes palpable, reflected in record-high credit card …
The Federal Reserve may need to raise interest rates if inflation doesn't cool down warns Federal Reserve Governor Michelle Bowman pic.twitter.com/D8FAhtlfge — Win Smart, CFA (@WinfieldSmart) April 6, 2024 Gold is headed to $3,000 according to Rosenberg Research pic.twitter.com/bY8wWUFbzy — Win Smart, CFA (@WinfieldSmart) April 4, 2024 Gold prices settled at a record high for …
TOMS RIVER, N.J. (AP) — A major spring storm was expected to start dropping more than a foot of snow in parts of New England on Wednesday night, while heavy rains soaked the East Coast and cleanup work continued in several states wracked by tornadoes and other severe weather blamed for at least two deaths. …
The National Weather Service’s snowfall forecasts are undergoing some unexpected edits, akin to rearranging puzzle pieces with a paintbrush. NWS offices are fine-tuning their predictions, with NWS Boston holding steadfast till the very last moment. In a sudden twist, snowfall totals in New England have been chopped in half, leaving forecasters and residents surprised. However, …
At the start of the year, people thought there would be rate cuts, but now that’s not so sure. Wage growth is still high, making 2% inflation doubtful. Stocks seem tired, adding more uncertainty to the mix. There are only three certainties in life, death, taxes and markets being wrong about federal-funds rate pic.twitter.com/DAzbBsoEfO — …
Interest rate futures indicate expected rate cuts from March 2024, with a growing chance of cuts starting in January. Three weeks ago, markets anticipated an additional rate hike and cuts in June 2024; now, there’s a 2% chance of an extra hike and five expected rate cuts in 2024. Despite these market shifts, Fed Chair …
The media landscape continues to face severe challenges, exemplified by The Washington Post’s decision to cut 10% of its staff, indicating a substantial financial loss exceeding $100 million this year. The broader trend is evident as over 25% of all U.S. newspapers (daily and weekly) folded in the past 15 years. Newspaper advertising revenue mirrored …
via mishtalk: The US Manufacturing PMI improved a bit but remains in contraction as service sector growth weakens. S&P reports US expansion loses momentum as service sector growth slows in July. S&P US Composite PMI™ Key Points Flash US PMI Composite Output Index at 52.0 (June: 53.2). 5-month low. Flash US Services Business Activity Index at …
Oil continues to decline Aramco CEO Amin Nasser went on TV to explain that demand should be coming back soon Meanwhile, Saudi Arabia and Russia agreed to extend their production cut of 1 million barrels a day on Monday OPEC is really making an effort to push up the price of… pic.twitter.com/JtDj1MIL0r — Genevieve Roch-Decter, …