Ukraine Confirms France Will Send Military Trainers To Its Soil
Ukraine Confirms France Will Send Military Trainers To Its Soil Ukraine’s military says it is ‘welcoming’ French trainers in Ukraine, in new remarks which strongly suggest that for the first time France is deploying its troops to Ukraine soil. This marks the beginning of major ‘boots on the ground’ escalation in a formal, public capacity […]
Billionaire Investor Palihapitiya: Misleading GDP Components Mask Economic Downturn
Billionaire venture capitalist Chamath Palihapitiya claims the US economy is experiencing a “quasi-synthetic recession,” despite a 1.6% GDP rise last quarter. On the All-In Podcast, he suggested that over half of Americans perceive a recession due to potentially misleading GDP components, which include consumer spending, corporate and government expenditures, and exports.
Fed's Kashkari Stresses Need for Significant Inflation Progress Before Rate Cuts
Minneapolis Federal Reserve Bank President Neel Kashkari stated that the Fed should see significant progress on inflation before considering interest rate cuts. In a CNBC interview, he emphasized the need for several months of positive inflation data and mentioned the possibility of further rate hikes if inflation does not decrease. Although Kashkari initially anticipated two […]
Mt. Gox Moves $9.6 Billion Worth Of Bitcoin – Are Creditors Finally Being Repaid?
Mt. Gox Moves $9.6 Billion Worth Of Bitcoin – Are Creditors Finally Being Repaid? Collapsed cryptocurrency exchange Mt. Gox moved $9.62 billion worth of Bitcoin into a new wallet, raising hopes among creditors. As Zoltan Vardai reporets at CoinTelegraph.com, the 141,686 Bitcoin was consolidated into wallet “1Jbez” from several other cold wallets associated with Mt. […]
Analysts Predict Further Gains for Precious Metals Amid Strong Chinese Demand
Gold, silver, and copper have recently pulled back from their record highs but remain close to those levels, with analysts predicting further price increases over the next year. Gold prices, currently at $2,351.3 per ounce, have been supported by a weaker U.S. dollar, lower Treasury yields, and strong Chinese demand, which drove a significant price […]
US Home Prices Reached New Record High In March, Despite Soaring Rates
US Home Prices Reached New Record High In March, Despite Soaring Rates Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the expected 0.3%) with the 0.61% MoM gain In Febriary […]
Young Borrowers Struggle as Credit Card Debt Hits 14-Year High
Credit card debt is becoming a growing concern for the economy, with severe delinquencies rising to 10.7% in the first quarter, the highest in 14 years, as reported by the Federal Reserve Bank of New York. Younger borrowers are particularly struggling as interest rates hit a 23-year high. Total credit card debt increased to $1.12 […]
Gold Prices Decline as Investors Cash In Amid Fed Rate Cut Uncertainty
Gold prices dropped by 0.3% to $2,344.20 per ounce on Tuesday as investors took profits after a recent rally, influenced by a reduced likelihood of Federal Reserve rate cuts. Despite the decline, gold remained on track for a fourth consecutive month of growth. The market is now awaiting key U.S. inflation data. The drop follows […]
Ancient 2,300-Year-Old Gold Ring Unearthed in Jerusalem
Archaeologist Tehiya Gangate discovered a 2,300-year-old gold ring in Jerusalem while working at the Givati National Archaeology Park. The well-preserved ring, set with a red stone, likely belonged to a child from the Hellenistic period. The Israel Antiquities Authority and Tel Aviv University noted that the ring, dating to around 300 BC, reflects the increased […]
Everything You Need To Know As Trump Trial Heads To Verdict
Everything You Need To Know As Trump Trial Heads To Verdict As lawyers in the criminal trial of former President Donald Trump prepare to deliver their summations today, and the jury makes ready to begin deliberating as soon as the middle of the week, speculation runs high as to whether proceedings will end in an […]