US Inflation Hits 12-Month Low, Sparking Hope for Economic Relief
The United States experienced a significant cooling in inflation rates in June, with prices rising by only 3% over the past 12 months, marking the slowest pace in a year. This decline, largely attributed to lower gasoline prices, represents the third consecutive month of easing inflation. The trend is easing financial pressures on households and […]
Watch: Boeing 777 Suffers Serious Tail Strike During Takeoff At Milan
Watch: Boeing 777 Suffers Serious Tail Strike During Takeoff At Milan Dramatic footage from the largest airport in northern Italy, which serves Lombardy, Piedmont, Liguria, and the Swiss canton of Ticino, captures the moment a LATAM Airlines Boeing 777-300 experienced a severe tail strike incident. Aviation blog AIRLIVE reports that a LATAM Boeing 777-300 departing from Milan Malpensa Airport […]
Futures Flat After Hot PPI, Mixed Bank Earnings
Futures Flat After Hot PPI, Mixed Bank Earnings US equity futures are flat, erasing a modest earlier gain, as yesterday’s rotation continues this morning with RTY rallying +0.8% pre-mkt even as megacap tech stocks are higher (NVDA +93bp, AAPL +39bp, AMZN +19bp). As of 8:45am, S&P futures were little changed after the index fell almost […]
Trump’s Return: Get Ready For Chaos To Be Unleashed And Blamed On You
Trump’s Return: Get Ready For Chaos To Be Unleashed And Blamed On You Authored by Brandon Smith via Alt-Market.us Yeah, it’s happening. The last half of 2024 is shaping up to be one of the most politically insane in a century and the sparks are already flying. The biggest moment of absurdity so far might […]
US Producer Prices Surge At Fastest Pace In 15 Months As Services Costs Soar
US Producer Prices Surge At Fastest Pace In 15 Months As Services Costs Soar After yesterday’s soft CPI, this morning’s PPI seems somewhat ‘less than’ but as we noted earlier, in fact it is key to the ongoing disinflationary trend (and in fact suggests all may not be trending smoothly). After May’s MoM deflationary impulse […]
JPM Reports Record Quarterly Income After Surge In One-Time Items, Unexpectedly Boosts Loan Loss Reserves
JPM Reports Record Quarterly Income After Surge In One-Time Items, Unexpectedly Boosts Loan Loss Reserves And we’re off: Q2 earnings season has officially open after two of the largest US banks – JPM and Wells – reported results moments ago, with what was a bit of a mixed bag. We will cover Wells elsewhere, but […]
AT&T Reveals Hackers Stole “Nearly All” Records Of Customer Calls, Texts
AT&T Reveals Hackers Stole “Nearly All” Records Of Customer Calls, Texts Surprise. Surprise. AT&T has revealed a massive hack of customer data for the second time this year. This latest batch of customer data includes “records of customer call and text interactions” that occurred “between approximately May 1 and October 31, 2022, as well as on January […]
Gold-Silver Ratio Could Indicate The Early Stages Of A Silver Breakout
Gold-Silver Ratio Could Indicate The Early Stages Of A Silver Breakout Authored by Mike Maharrey via Money Metals, Two months ago, the gold-silver ratio broke an important support level, indicating the white metal could be in the early stages of closing its gap with gold. The gold-silver ratio indicates how many ounces of silver it takes to […]
These Are The Eight US States With Population Declines In 2023
These Are The Eight US States With Population Declines In 2023 Between 2022 and 2023, the U.S. added approximately 1.58 million people, or grew its population by about 0.5%. However, not all states grew by the same proportion. In fact, some states saw their number of residents drop, both from net population loss (deaths outnumbering […]
Is Carbon Capture Big Oil’s Next Pay Day?
Is Carbon Capture Big Oil’s Next Pay Day? Authored by Craig B. Smith & William D. Fletcher via RealClearEnergy, THE PROPOSAL Carbon capture and storage — the concept of sucking carbon dioxide (CO2) from the atmosphere and storing it underground — is being considered as a way to reduce greenhouse gases. It’s been suggested that such […]