NYSE Glitch Shows Berkshire Hathaway Down 99%, Trading Halted
A technical glitch at the New York Stock Exchange (NYSE) on Monday caused Berkshire Hathaway’s A-class shares to incorrectly appear down nearly 100%, halting trading in these shares as well as in Barrick Gold and Nuscale Power. The NYSE is investigating the issue, related to the limit up and limit down bands designed to control […]
Nvidia & Goldman See Common Theme: Next AI Trade Will Be In ‘PC Upgrade Cycle’
Nvidia & Goldman See Common Theme: Next AI Trade Will Be In ‘PC Upgrade Cycle’ The decline in personal computer sales may end as soon as next year as consumers will be enticed to upgrade their legacy Covid-era PCs. The introduction of PCs equipped with fancy new AI chips, capable of running as digital assistants in the […]
RBI Relocates 100 Tons of Gold from UK to India, More Expected
The Reserve Bank of India (RBI) has relocated over 100 tons of gold from the UK to its vaults in India, marking the first such move since 1991. This significant transfer is part of a plan that may see a similar quantity of gold brought to India in the coming months. Historically, more than half […]
Buzz Kill: The Trump Conviction Presents A Target-Rich Environment For Appeal
Buzz Kill: The Trump Conviction Presents A Target-Rich Environment For Appeal Authored by Jonathan Turley, Below is my column in the Hill on the most compelling grounds for an appeal in the Trump case after his conviction on 34 counts in Manhattan. There has been considerable criticism of the defense team and its strategy in […]
Stocks Face Mixed Start to June with Key Jobs Report Ahead
Stocks ended May on a mixed note as investor enthusiasm for AI cooled and concerns about the Federal Reserve’s interest rate policies persisted. Over the past week, the Nasdaq was flat, the S&P 500 rose slightly, and the Dow declined. This week, market attention will focus on labor market updates, including the May jobs report […]
Mexico Elects Leftist Claudia Sheinbaum As First Female President In Landslide
Mexico Elects Leftist Claudia Sheinbaum As First Female President In Landslide Mexico has a new president, marking two historical firsts as Claudia Sheinbaum’s Sunday election by a landslide will make her the first woman to enter the country’s highest office, as well as the first Jewish person. Sheinbaum’s ruling Morena party is also on track to hold […]
For The Next 2-5 Years There’s An Extraordinary Imbalance In Favor Of Demand For Power
For The Next 2-5 Years There’s An Extraordinary Imbalance In Favor Of Demand For Power By Eric Peters, CIO of One River Asset Management “I’ve got fifteen examples of companies where AI is expanding profit margins from between 5-40%,” said Lone Star, a Top-5 best performing US endowment CIO. “And yet, no one seems to […]
ISM Manufacturing Survey Signals Further Stagflation: Growth Slows, Prices Rise
ISM Manufacturing Survey Signals Further Stagflation: Growth Slows, Prices Rise With ‘hard’ data plunging in May, it is surprising that S&P Global’s flash survey of Manufacturing sentiment showed an uptick. Today we get the final print, with many asking will it catch down to ISM’s drop.. and will the ISM drop extend… Sure enough – […]
Top Judge Blocks Complaints Against Trump Judge Aileen Cannon
Top Judge Blocks Complaints Against Trump Judge Aileen Cannon Authored by Zachary Stieber via The Epoch Times (emphasis ours), The chief judge of the U.S. Court of Appeals for the 11th Circuit has blocked complaints against the judge overseeing one of former President Donald Trump’s criminal cases. Chief Judge William Pryor Jr., in a newly […]
Greenspan Warns of Double-Dip Recession if Home Prices Fall Further
Alan Greenspan warned on NBC’s “Meet the Press” that a further drop in home prices could trigger a double-dip recession. This potential decline in home values, amid an already fragile economy, could erode investor and consumer confidence, further impacting the economy. The housing market is expected to remain unstable, potentially leading to prolonged economic difficulties. […]