Boeing Shares Drop After FAA Orders Inspection Of 2,600 737 Jets For Oxygen Mask Issue
Boeing Shares Drop After FAA Orders Inspection Of 2,600 737 Jets For Oxygen Mask Issue Shares of Boeing in New York hit turbulence a little after lunchtime as yet another problem emerged for the 737 Max program. Reuters reports the Federal Aviation Administration is mandating inspections for 2,600 737 MAX and NG jets because passenger oxygen masks […]
No Reform Or Leader Is Going To Save The Status Quo… We’re On Our Own
No Reform Or Leader Is Going To Save The Status Quo… We’re On Our Own Authored by Charles Hugh Smith via OfTwoMinds blog, The key takeaway here is: don’t count on a simplistic ideology or reform or a “supreme leader” to save the status quo from internal failure. Humans prefer simplicity to complexity. This is why […]
Bitcoin Faces Pressure but Rebound Hopes Remain, Says Grayscale Analyst
Bitcoin has experienced a significant drop of over 10% in the past week, falling from around $63,000 to just under $54,000. Despite this decline, Grayscale’s Head of Research, Zach Pandl, suggests that a rebound may still be possible. Factors influencing Bitcoin’s price include Germany’s ongoing sale of seized Bitcoin, which continues to exert downward pressure, […]
Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony
Federal Reserve Chair Jerome Powell is set to testify before Congress this week, facing pressure from lawmakers on multiple fronts. He will likely defend the Fed’s stance on maintaining high interest rates to combat inflation, despite growing impatience for rate cuts. Powell will also address concerns about the Fed’s plan to increase capital requirements for […]
Orbán In Surprise Visit To China, Focuses On Ukraine: “Peace Mission 3.0 Beijing”
Orbán In Surprise Visit To China, Focuses On Ukraine: “Peace Mission 3.0 Beijing” Hungarian Prime Minister Viktor Orbán has made a surprise visit to China, as part of his continued “peace mission” tour that within the last days and week took him to both Moscow and Kiev. The Hungarian leader revealed the visit by posting a […]
Quinn: Nothing Else Matters!
Quinn: Nothing Else Matters! Authored by Jim Quinn via The Burning Platform blog, Never cared for what they say Never cared for games they play Never cared for what they do Never cared for what they know Metallica – Nothing Else Matters I was driving to work the other day, when the song Nothing Else Matters by […]
Short-Term Inflation Expectations Slide In NY Fed Survey Despite Earnings Growth Optimism
Short-Term Inflation Expectations Slide In NY Fed Survey Despite Earnings Growth Optimism Inflation expectations at the one-year horizon dropped for the second month in a row, sliding to 3.02% in June from the previous month’s 3.17%, and from a 2024 high of 3.26% in April, according to the New York Fed’s survey of consumer expectations. […]
Watch: Senator Says Biden Is Politically ‘As Dead As Fried Chicken’
Watch: Senator Says Biden Is Politically ‘As Dead As Fried Chicken’ The public consensus after Joe Biden’s incoherent performance during the first presidential debate and during his first major post-debate interview is that the candidate’s career is over. Some have argued that the only way Biden can win now is for Democrats to cheat and […]
12 Nations Leading the Charge Seeking Dollar Alternatives
The International Monetary Fund (IMF) reports a gradual decline in the US dollar’s share of global foreign reserves as numerous countries, particularly those in the ASEAN and BRICS alliances, adopt ‘de-dollarization’ strategies. These nations are moving away from the US dollar in favor of alternative currencies for various political, economic, and geographical reasons. The article […]
5 Things To Know In Investing This Week
5 Things To Know In Investing This Week Submitted by Gary Brode via www.DeepKnowledgeInvesting.com, 5 Things to Know in Investing This Week The British are Coming Issue On the day that the United States celebrated declaring independence from the British, the UK elected a new Labor government. Is this a coincidence – definitely yes! Bitcoin […]