Nearly 300 Boeing 777s Used By United & American Airlines At Risk For ‘Exploding’ Fuel Tanks
Nearly 300 Boeing 777s Used By United & American Airlines At Risk For ‘Exploding’ Fuel Tanks Overnight, DailyMail reported that yet another fleet of Boeing jets has a potentially disastrous flaw. The 777, commonly called the Triple Seven, has poor electrical insulation near its fuel tank that can cause “fire or explosion.” Back in March, the Federal Aviation […]
S&P To Open At All-Time High After Blowout Nvidia Earnings Spike Global Markets
S&P To Open At All-Time High After Blowout Nvidia Earnings Spike Global Markets Global markets rallied and US equity futures are sharply higher, poised to push the S&P to a new all time high, after blowout earnings from Nvidia reassured investors that the global artificial-intelligence juggernaut will keep powering equity markets. As of 7:30am, S&P futures […]
SEC Ethereum ETF Discussions Underway, S-1 Approval Expected Within Hours
SEC Ethereum ETF Discussions Underway, S-1 Approval Expected Within Hours Authored by Josh O’Sullivan via CoinTelegraph.com, The U.S. Securities and Exchange Commission (SEC) began discussions with potential issuers of Ether exchange-traded funds (ETFs) on May 22, leading some to anticipate an imminent approval. Journalist Eleanor Terrett noted that discussions between SEC staff and Ether ETF […]
US Initial Jobless Claims Refuse To Budge From Near Record Lows
US Initial Jobless Claims Refuse To Budge From Near Record Lows According to the magical data providers at the US Department of Labor, just 215,000 Americans filed for jobless benefits for the first time last week (down from the prior week’s 223,000). Source: Bloomberg Of course, back in the real world, this is what […]
The Copper Bull: Speculation Vs. Fundamentals
The Copper Bull: Speculation Vs. Fundamentals Via SchiffGold.com, Copper has gone mad: Liquidated shorts from a flood of speculators, an AI bubble, a supply crisis, and a renewable energy craze have all combined with high global inflation to recently send it to historic all-time highs. While I believe there will be major corrections as some of these factors come […]
German Parliament Votes To Decriminalize The Possession Of Child Pornography
German Parliament Votes To Decriminalize The Possession Of Child Pornography Are you starting to see a pattern yet? First there was the introduction of gender fluid and LGBT ideology into public schools, then there were sexualized drag queen performances for children, then leftist activists demanded that pedophiles be referred to as “MAPS” (Minor Attracted Persons) […]
Red Or Blue, Rich Or Poor — Recessions Don’t Care
Red Or Blue, Rich Or Poor — Recessions Don’t Care Authored by Simon White, Bloomberg macro strategist, Political affiliation and wealth, it’s speculated, are making a recession look more likely than it really is by introducing systematic bias into the economic data. But this is a distraction. For the data that matters most in gauging […]
Rising Economic Activity Challenges Central Bank Rate Cut Plans
Global business activity improved this month, especially in parts of Asia and Europe, which may delay central banks’ plans to cut interest rates. Borrowing costs had been raised post-COVID to tackle inflation, and there’s now speculation about when and how much they might be reduced. Politicians, facing upcoming elections in India, the US, and the […]
US Jobless Claims Decline Again, Signaling Labor Market Strength
The number of Americans filing for unemployment benefits decreased last week, indicating a strong labor market that continues to bolster the economy. This marks the second consecutive weekly decline, reversing most of the earlier increase this month. Despite slower job growth due to past Federal Reserve rate hikes, layoffs remain low. Initial claims fell by […]
Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight
As the Federal Reserve approaches the end of its inflation-fighting efforts, a key question arises: will prices for goods continue to drop? Significant declines in prices for items like apparel and used cars helped reduce inflation faster than expected in late 2023, but the pace has slowed in early 2024, leading to higher inflation readings. […]