Oil Prices Continue to Drop as US Crude Stockpiles Surge
Oil prices fell to near three-month lows as reports indicated rising US crude inventories, with Brent trading around $82 a barrel and West Texas Intermediate below $78. The American Petroleum Institute reported a 2.5 million barrel increase in stockpiles, contributing to market bearishness. The upcoming OPEC+ meeting will determine whether to extend supply curbs amid […]
Junk Bonds Surge Amid Broad Market Rally and Investor Optimism
Despite concerns about the U.S. economy, the junk-bond market is thriving, with the risk premium for sub-investment-grade debt narrowing to near pandemic lows. This trend, driven by cooling inflation and hopes for interest-rate cuts, has attracted $3.7 billion into junk-bond funds this year. Investors seeking high yields around 8% have fueled $131 billion in speculative-grade […]
Gold Consolidates After Record High Amid Rate Cut Speculations
Gold prices dipped by 0.3% to $2,413.96 per ounce on Wednesday as investors awaited the Federal Reserve’s latest meeting minutes for clues on interest rate cuts. After reaching a record high earlier in the week, gold is consolidating its gains. The market remains strong with a buy-on-dip mentality, despite the potential for short-term stagnation without […]
Central Banks Fuel Gold's Ascent to Unprecedented Levels
Gold has surged to its highest level ever, surpassing $2,400 per troy ounce, driven by geopolitical uncertainties and significant purchases by global central banks, especially from emerging markets. Despite rising real interest rates, which typically dampen gold’s appeal, central banks have bought around 2,200 tons since late 2022, accounting for over a fifth of global […]
“It’s Happening” – Ethereum ETF Bidders Amend SEC Filings, List At DTCC
“It’s Happening” – Ethereum ETF Bidders Amend SEC Filings, List At DTCC Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the United States Securities and Exchange Commission (SEC). Several filings show changes from asset managers Fidelity, VanEck and Franklin Templeton, along with joint applications from Galaxy […]
Massie Taunts AIPAC After Demolishing Primary Challengers
Massie Taunts AIPAC After Demolishing Primary Challengers Despite having been targeted by the most powerful, pro-Israel political organization operating in America, libertarian-minded Kentucky Congressman Thomas Massie stomped his two Republican primary challengers on Tuesday — and then used social media to mock his Israel-first detractors. Massie cruised to victory, amassing 76% of the vote, while […]
Insane Footage Shows Tornado Destroying Wind Farm In Iowa
Insane Footage Shows Tornado Destroying Wind Farm In Iowa Shocking footage from Iowa this evening shows multiple tornadoes wreaking havoc on massive wind turbines. This is yet another reminder that wind is not a reliable power source. A tornado in Iowa just leveled a wind turbine. 🤯 These storms are heading to Illinois and Wisconsin next. Be safe […]
Aluminum Jumps To 23-Month High Amid Ongoing Aussie Production Issues
Aluminum Jumps To 23-Month High Amid Ongoing Aussie Production Issues From coffee to cocoa, orange juice to gold, and silver to copper, commodity prices are spiking across the board (we outlined this on Monday). The latest surge occurred Tuesday when aluminum tagged 23-month highs due to ongoing production issues emerging from Australia. The broad-based commodity rally signals the inflation storm central bankers are battling is […]
Republican Iran Hawks Celebrate Raisi’s Death
Republican Iran Hawks Celebrate Raisi’s Death Authored by Dave DeCamp via AntiWar.com, Some Republicans in Congress are celebrating the death of Iranian President Ebrahim Raisi, who was killed in a helicopter crash along with Foreign Minister Hossein Amirabdollahian and seven others in Iran’s mountainous East Azerbaijan province. When the news first broke that Raisi was […]
Watch: First X Call Using Starlink Direct-To-Cell Tech With An Unmodified Smartphone
Watch: First X Call Using Starlink Direct-To-Cell Tech With An Unmodified Smartphone About a week after AT&T and AST SpaceMobile announced their partnership to create a space-based broadband network to rival T-Mobile’s plan for global cell connectivity using SpaceX’s Starlink satellites, SpaceX engineers showcased an “unmodified mobile phone” making the first video call on X using Starlink’s direct-to-cell […]