Gaza Pier Operations Suspended Indefinitely After It Breaks Apart By Heavy Seas
Gaza Pier Operations Suspended Indefinitely After It Breaks Apart By Heavy Seas The US-constructed pier off Gaza is officially done – for the time being at least. It is out of commission indefinitely after a series of problems and setbacks, the latest being inclement weather and heavy seas which have literally broken it apart. The […]
Navigating Gold's Volatility: The 2024 Surge and Its Implications
The price of gold has risen 16% since February 2024, but this surge doesn’t guarantee future increases or a solid long-term investment strategy. Gold’s historical performance shows significant fluctuations, with long periods of decline followed by recovery, making it an unpredictable and often volatile investment. While gold has offered some gains over centuries, its average […]
BlackRock Adds Own Bitcoin ETF To Income And Bond Funds
BlackRock Adds Own Bitcoin ETF To Income And Bond Funds By Brayden Lindrea of CoinTelegraph BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show. BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin […]
Missiles Pound Bulk Carrier Twice In A Day In Chaotic Red Sea; Brent Crude Moves Higher
Missiles Pound Bulk Carrier Twice In A Day In Chaotic Red Sea; Brent Crude Moves Higher A bulk carrier in the southern Red Sea was struck by missiles for the second time this week, according to an X post by the UK Maritime Trade Operations. These highly contested waters near the Bab al-Mandab Strait are controlled by Iran-backed […]
Zero-Percent-Down Mortgages Return, What Can Go Wrong?
Zero-Percent-Down Mortgages Return, What Can Go Wrong? Authored by Mike Shedlock via MishTalk.com, It’s a perfect time to do something really stupid, like offering zero percent down payments on mortgages. Case-Shiller national and 10-city indexes via St. Louis Fed, OER, CPI, and Rent from the BLS Perfectly Stupid Timing Morningstar reports One of the Biggest U.S. […]
Futures Slide As Bond Yields Spike To 3 Week High
Futures Slide As Bond Yields Spike To 3 Week High US futures are weaker with tech and small caps underperforming after the NDX made a new ATH yesterday on the back of the relentless Nvidia meltup. The weakness has been driven by surge in yields, a result of the latest batch of hawkish Fed remarks, […]
ConocoPhillips Announces $22.5 Billion Deal To Acquire Marathon Oil
ConocoPhillips Announces $22.5 Billion Deal To Acquire Marathon Oil Hours after the Financial Times reported that ConocoPhillips is in “advanced talks” to acquire Marathon Oil, ConocoPhillips announced at 0700 ET it entered into a definitive agreement to acquire Marathon in an all-stock deal valued at $22.5 billion. This move continues the recent surge of energy dealmaking […]
Is The Federal Reserve Just Winging It?
Is The Federal Reserve Just Winging It? Authored by Mike Maharrey via Money Metals, Are the central bankers at the Federal Reserve just winging it? It sure seems that way if you step back and take a long view of their decision-making. Fed officials project this aura of authority. You might imagine them as hyper-intelligent […]
Business Exodus Continues: China’s Cofco Has Enough With Crime-Ridden Downtown Detroit
Business Exodus Continues: China’s Cofco Has Enough With Crime-Ridden Downtown Detroit Out-of-control violent crime across downtown Detroit has forced Cofco International Ltd., the trading arm of China’s largest food company, to shift operations outside the metro area to safer suburbs. Bloomberg spoke with those familiar with the plans to relocate Cofco outside the metro area. They said the […]
Momentum Cools Just As Indexes Hit Record Highs
Momentum Cools Just As Indexes Hit Record Highs By Jan-Patrick Barnert, Bloomberg Markets Live reporter and strategist After a surprisingly speedy return to all-time highs this month, upward momentum for European stock indexes is once again cooling. While market internals are still positive, the Stoxx 600 went overbought again in mid-May. Europe’s benchmark hasn’t been […]