Rising U.S. Gasoline Demand Stabilizes Oil Prices Despite Fed Rate Worries
Oil prices remained steady on Friday as rising U.S. gasoline demand balanced concerns over interest rate uncertainties following the Federal Reserve’s recent comments. Brent crude futures were slightly up at $81.37 a barrel, while U.S. West Texas Intermediate crude futures edged down to $76.85. Both benchmarks had hit multi-month lows on Thursday. Investors are evaluating […]
UMich Sentiment & Inflation Expectations Worsen In May (But Bounce From Flash Prints)
UMich Sentiment & Inflation Expectations Worsen In May (But Bounce From Flash Prints) Today’s final UMich sentiment survey data was expected to confirm the ugly preliminary data, but it seems that – thanks, we suspect, to lower gas prices – sentiment improved intra-month as inflation expectations fell. Inflation expectations did actually rise MoM (from 2.9% […]
“The Situation In The UK Has Turned Tragicomical”
“The Situation In The UK Has Turned Tragicomical” By Stefan Koopman, Senior Macro strategist at Rabobank Things Can Only Get Better Let’s go back to Wednesday afternoon. In a moment of political irony, UK Prime Minister Sunak stepped out of his office to announce an election, hoping for a reset after a series of failed […]
Pierre Andurand Predicts Copper Prices to Quadruple Amid Green Energy Boom
Legendary oil trader Pierre Andurand predicts that copper prices will quadruple to $40,000 per ton over the next four years due to surging demand driven by the global energy transition. Andurand believes this demand will outstrip supply until the latter half of the 2020s. The renowned hedge fund manager, famous for his successful commodity market […]
Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution
Gold prices rose on Friday but are set for their first weekly decline in three weeks as expectations for U.S. interest rate cuts have diminished due to the Federal Reserve’s recent hawkish stance. Spot gold increased by 0.4% to $2,338.57 per ounce, while U.S. gold futures went up 0.1% to $2,339.80. The dollar index also […]
Houthis Claim Israeli-Linked Ship Attacked In Mediterranean Sea, Two Others In Red & Arabian Seas
Houthis Claim Israeli-Linked Ship Attacked In Mediterranean Sea, Two Others In Red & Arabian Seas Yahya Saree, the military spokesman for the Yemeni Armed Forces, associated with the Iran-backed Houthis, announced a broad military operation targeting three vessels linked to either the US and/or Israel: one in the Red Sea, one in the Arabian Sea, and one in the Mediterranean […]
Nvidia Slashes AI Chip Prices As Huawei Launches China Discount War
Nvidia Slashes AI Chip Prices As Huawei Launches China Discount War Nvidia in China mirrors Apple and Tesla, which have been locked in price wars with Chinese companies. The latest battle in the semiconductor space is between Chinese tech giant Huawei, which is challenging Nvidia’s technological monopoly on AI chips. This should be enough to understand why Washington elites […]
Rage Against The Inflation Denialists
Rage Against The Inflation Denialists Authored by Jeffrey Tucker via The Epoch Times, Such strange times. We are living through the most destructive bout of inflation in 45 years, one that threatens to become worse and perhaps just as ruinous in the long run as the last one. And yet daily and for years, we’ve […]
Macron Caves To Rioters, Postpones Voting Reform In Nickel-Rich New Caledonia
Macron Caves To Rioters, Postpones Voting Reform In Nickel-Rich New Caledonia In the face of more than a week of rioting sparked by a controversial proposal to expand the voting rolls in the French territory of New Caledonia, French President Emmanuel Macron is waving a surrender flag. The deadly upheaval was sparked when France advanced […]
Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants?
Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants? Authored by Mike Shedlock via MIshTalk.com, Millions of immigrants keep pouring in. New residential construction has stalled and multi-family construction is in decline. Completions are rising, but is that enough housing? More Than 8M Migrants Will Soon Be Living in the US Axios […]