Money helps shed light on which is a better investment: gold or stocks.
Tech Wrecks As FedSpeak F ks FOMO-Followers; Gold Hits New Record High Well, that escalated quickly ..but some saw it coming. In a week characterized by data supporting 'no landing' from a growth perspective and disappointment from a disinflation perspective Source: Bloomberg FedSpeak that was without exception - hawkish! As they suddenly realized that all that 'pivot' optimism did nothing but dramatically ease financial conditions and fuck their 'best laid plans' for a...
Oil prices jumped more than 3% after reports of explosions near the Iranian city of Isfahan.
Foreign holdings of U.S. Treasuries surged to a record in February, its fifth straight monthly rise, Treasury Department data released on Wednesday showed. Holdings totaled $7.965 trillion, up from a revised $7.945 trillion in January. Treasuries owned by foreigners rose 8.7% from a year earlier.
It’s hard to ignore record prices that climbed above $2,400 an ounce last week.
Shoplifting was up by 37% in the year to December 2023, the highest since records began in 2003.
Pent-up demand, an aging population and a lack of funding are being blamed for elective surgery wait times blowing out to the longest on record following the release of a damning report. The latest Public Health Report Card, released on Friday by the Australian Medical Association, shows the median wait time for elective surgeries was […]
China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....
Buoyant big tech earnings lifted US stocks on Friday while London scaled another peak as investors tracked a series of takeover bids for UK companies.The tech heavy Nasdaq led the way on Wall Street, adding more than two percent as traders shrugged off official data showing that a key measure of inflation favored by the US Federal Reserve had accelerated in March.The broader-based S&P added 1.0 percent while the Dow was 0.4 percent in the green as major European indices also rose.The markets had...
Following the latest Halving, Bitcoin’s inflation rate has officially become lower than Gold’s, making BTC the scarcest asset in history. Bitcoin Halving Results In Inflation Rate Dropping To Just 0.83% In its latest weekly report, the on-chain analytics firm Glassnode discussed the impact of the latest Halving on cryptocurrency. Halving is a periodic event on […]
This Magnificent Seven ETF hits a new 52-week high. Are more gains in store
The new week brings a quick relief from the warm temperatures. Crisp mornings and comfortable afternoons will quickly be replaced by above average warmth by the end of the week. Rain will be hard to come by over the 7 days.Today & Tonight: Grab your jackets! Morning lows across the Capital Region will dip into the mid and upper 40's Monday morning. Clear skies from the overnight will continue all day long and with plenty of sunshine, afternoon high's will reach near 75° in Baton Rouge with...