Fed's Barr: Disappointing Inflation Data Delays Rate Cuts
Fed Vice Chair Michael Barr expressed disappointment with the inflation data for early 2024, indicating that the central bank lacks sufficient evidence to ease monetary policy. He emphasized the need for more time under current restrictive policies to achieve the Fed’s 2% inflation target. The Personal Consumption Expenditures price index, the Fed’s preferred inflation measure, […]
Apple Cuts iPhone 15 Prices In China By 20% As Demand Wanes
Apple Cuts iPhone 15 Prices In China By 20% As Demand Wanes Apple is offering steep iPhone discounts on several major e-commerce websites in mainland China to boost demand amid declining market share and waning interest as domestic brands make a strong comeback. The South China Morning Post reports that the top-of-the-line 256-gigabyte iPhone 15 Pro Max […]
Gold Surges to New High Amid Rising Haven Demand
Gold surged to a record high of $2,450.07 an ounce, driven by rising expectations that the Federal Reserve will cut interest rates this year and by increasing geopolitical tensions in the Middle East. The recent decline in the US dollar and lower Treasury yields, following better-than-expected inflation data, also supported the precious metal’s rise.
Graduates At All-Black Morehouse College Turn Back On Biden During Commencement Speech, Refuse To Applaud
Graduates At All-Black Morehouse College Turn Back On Biden During Commencement Speech, Refuse To Applaud Authored by Mike Shedlock via MishTalk.com, Hoot of the day: The Democratic Republic of the Congo flag was behind Biden for the duration of his speech. The Wall Street Journal reports Biden Renews Call for Gaza Cease-Fire at Morehouse Commencement “I […]
Fearing AI ‘Take Over’, ‘Godfather Of AI’ Advises UK Govt To Start UBI
Fearing AI ‘Take Over’, ‘Godfather Of AI’ Advises UK Govt To Start UBI Authored by Tristan Greene via CoinTelegraph.com, Geoffrey Hinton, a world-renowned artificial intelligence (AI) expert often referred to as the “Godfather of AI,” recently consulted with members of the United Kingdom’s government at Downing Street, where he advised lawmakers to consider adopting a […]
Spot Ether ETFs Will Come Down To A 5-Person Vote This Week: Gensler The Decider?
Spot Ether ETFs Will Come Down To A 5-Person Vote This Week: Gensler The Decider? Authored by Brayden Lindrea via CoinTelegraph.com, The fate of spot Ether exchange-traded funds could be decided this week by a single vote from Gary Gensler, the chair of the United States Securities and Exchange Commission — if history is any […]
When Could We See $50 Silver? Alan Hibbard on Schwab Network
In a recent appearance on Schwab TV, Alan Hibbard from GoldSilver.com shared valuable insights as to why gold and silver prices…
Goldman’s Commentary On Consumer Health Is An Ominous One
Goldman’s Commentary On Consumer Health Is An Ominous One As we wrap up the first quarter earnings season and approach the midpoint of the year, a major theme emerging out of corporate America and Goldman analysts is the deteriorating financial health of low-income consumers. A team of Goldman analysts led by Kate McShane, CFA, published the latest low-income activity dashboard […]
Rate Hawk Down
Rate Hawk Down By Benjamin Picton, senior macro strategist at Rabobank Bonds sold off on Friday and the NASDAQ closed a smidgen lower. Both the S&P500 and the Dow Jones managed minor gains, with the Dow’s outperformance again suggesting that equities continue to trade on sensitivity to discount rates. Two-year yields rose 3bps on Friday […]
“You Stole From The Trump Organization, Correct?”: Michael Cohen Hands Trump Prosecution Another Terrible Day
“You Stole From The Trump Organization, Correct?”: Michael Cohen Hands Trump Prosecution Another Terrible Day Prosecutors in Donald Trump’s New York ‘hush money’ trial may have colluded with the Biden administration, but apparently none of the galaxy brains involved thought far enough to consider that their star witness, Michael Cohen, might cause their ‘case’ to […]