US Sending Nuclear-Powered Carrier For ‘Higher Stakes’ Red Sea Mission
US Sending Nuclear-Powered Carrier For ‘Higher Stakes’ Red Sea Mission Since the start of the Gaza war at least 20 ships have been damaged in the Red Sea amid the ongoing Houthi campaign to punish Israel and its international backers. The US-led Operation Prosperity Guardian is something which has retreated from headlines as it has […]
Warsaw’s Left-Wing Mayor Bans Display Of Christian Crosses In Public Buildings
Warsaw’s Left-Wing Mayor Bans Display Of Christian Crosses In Public Buildings Authored by Grzegorz Adamczyk via ReMix News, Warsaw mayor Rafał Trzaskowski has signed an order banning the display of religious symbols such as the Christian cross in public buildings. The move is said to be driven by a desire to combat discrimination. “Warsaw is the first […]
Germany Deports 7 Ukrainian Soldiers For Displaying Nazi Symbols
Germany Deports 7 Ukrainian Soldiers For Displaying Nazi Symbols In the latest confirmation that Ukraine’s military has a Nazi streak, the German government revealed that it has expelled seven Ukrainian soldiers who were displaying Nazi symbols while they were in the country for training. Wednesday’s disclosure was prompted by an inquiry from the populist Alternative For […]
Dow Nears Historic 40,000 Milestone Amid Optimism
U.S. stocks opened higher with the Dow Jones Industrial Average approaching the 40,000 mark, driven by record highs from all major indices following a favorable inflation report. The positive sentiment is bolstered by expectations of potential interest-rate cuts from the Federal Reserve.
Poorer Americans Bear the Brunt of High Interest Rates
High interest rates are disproportionately impacting low- and moderate-income families, causing more Americans to fall behind on credit card and auto loan payments. As borrowing costs rise, monthly interest expenses have soared, pushing financially strained families closer to the edge. Fed officials have indicated that they expect to keep interest rates at their current level, […]
Jamie Dimon's Inflation Alarm: High Rates and Economic Challenges Ahead
JPMorgan CEO Jamie Dimon warns that inflationary forces are poised to keep interest rates elevated longer than investors expect, citing pressures from green initiatives, military spending, and fiscal deficits. Despite stock market optimism from cooling inflation, Dimon cautions that persistent high rates and potential stagflation could stress real estate and leveraged companies, challenging the rosy […]
Base Metal Prices Surge Amid Russian Ban and Supply Worries
Base metal prices, including copper and aluminum, are climbing due to the London Metal Exchange’s ban on Russian metals and growing concerns over mine supply. Copper nears a two-year high at $10,395 per ton, driven by supply issues like the closure of the Cobre Panama mine and slower production growth. However, analysts caution that these […]
Gold Soars Amid Geopolitical Tensions: A Safe-Haven Surge
In April 2024, the World Bank’s precious metals price index climbed 9%, with gold reaching a nominal record of $2,331 per troy ounce. This rise is driven by strong demand from emerging markets and developing economies (EMDEs) amidst geopolitical uncertainties, with central banks in China, India, and Turkey leading the charge. While silver and platinum […]
Jobless Claims Drop, Indicating Steady Employment Despite Recent Surge
Jobless claims fell by 10,000 to 222,000 last week, suggesting layoffs remain low despite a recent spike tied to school spring breaks in New York. This drop reinforces the trend of minimal layoffs, reflecting a strong labor market that continues to support economic growth, with both the Dow Jones and S&P 500 rising in response.
Ray Dalio Warns of Possible U.S. Civil War Amid Political Fracturing
The founder of Bridgewater Associates, the world’s largest hedge fund, warns of a 35-40% chance of civil war in the U.S., foreseeing potential political fracturing as Americans might move to states aligning with their views, disregarding federal rules they oppose. Highlighting the 2024 elections as crucial for democracy and addressing existential risks like AI and […]