Disney Heiress Halts Donations To Democrats Until Biden Is Replaced
Disney Heiress Halts Donations To Democrats Until Biden Is Replaced Disney heiress Abigail Disney told CNBC on Thursday, July 4, that she plans to stop making political donations to the Democratic Party until President Biden withdraws from the presidential race. She is among a growing number of Democrat donors who are pausing donations until Biden […]
Payrolls: Goldilocks Or Not?
Payrolls: Goldilocks Or Not? By Peter Tchir of Academy Securities On the surface the NFP data had a “goldilocks” type of character. Establishment jobs at 206k, good, but not too good. The household survey wasn’t too bad (this time) adding 116k jobs. The unemployment rate ticked up, marginally, to a still strong 4.1% – again, […]
Crypto Crashes As Mt. Gox Begins Repayments, Long Liquidations Soar As BTC Breaks Key Technical Support
Crypto Crashes As Mt. Gox Begins Repayments, Long Liquidations Soar As BTC Breaks Key Technical Support Just over a week after initial rumors – and wallet movements – sent bitcoin prices lower, Mt. Gox – the collapsed crypto exchange – officially began repaying its debts yesterday (on one of the most illiquid days of the […]
Bitcoin Slumps to Four-Month Low Amid Selling Pressure Concerns
Bitcoin has fallen to its lowest level since February, marking its fourth consecutive decline, due to a combination of factors. These include concerns about potential selling by governments, creditors of the failed Mt. Gox exchange, and struggling crypto miners. The cryptocurrency is now down about 25% from its March record, with the initial excitement around […]
Canada Tightens Grip on Critical Minerals Sector, Raising Bar for M&A Approvals
Canada has announced a stringent new policy regarding large mergers and acquisitions in its critical minerals sector. Industry Minister Francois-Philippe Champagne stated that such deals would only be approved under “the most exceptional circumstances,” emphasizing the strategic importance of 31 identified critical minerals, including copper, lithium, and nickel. This policy shift, revealed alongside the conditional […]
Gold Maintains Momentum as Markets Await Crucial US Jobs Report
Gold is poised for its second consecutive weekly gain, driven by expectations of potential Federal Reserve interest rate cuts before the end of the year. This optimism stems from recent data indicating a contraction in the U.S. services sector and a softening labor market. Investors are now eagerly awaiting Friday’s U.S. payrolls report for further […]
Gold Rallies on Mixed US Employment Report, Fed Rate Cut Hopes Grow
Gold prices reached a one-month high following the release of U.S. jobs data that indicated a softening labor market. The report showed mixed results, with June’s job growth slightly exceeding expectations but downward revisions for previous months and a rise in unemployment. This data has increased market expectations for a Federal Reserve interest rate cut […]
June Jobless Rate Triggers Sahm Rule: Recession Imminent?
June Jobless Rate Triggers Sahm Rule: Recession Imminent? Via The American Institute for Economic Research, In this morning’s US Bureau of Labor Statistics data release, the U-3 unemployment rate increased 4.1 percent in June 2024, rising by one-tenth of a percentage point above the forecast rate. The U-3 rate measures the percentage of the civilian […]
China’s ‘National Team’ Gets To Work At Key Psychological Level For Stocks
China’s ‘National Team’ Gets To Work At Key Psychological Level For Stocks The Shanghai Stock Exchange Composite recently dropped below a key psychological level, reflecting the uninspiring economic recovery and muted credit impulse data. With no stimulus bazooka in sight, the economy struggles amid a property market downturn. The Market Ear recently questioned the future of Chinese stocks after their […]
Liberty & Inflation For All: Even Fireworks Shows Scaled Down This Year
Liberty & Inflation For All: Even Fireworks Shows Scaled Down This Year Via SchiffGold.com, While the cost of fireworks is down compared to last year, prices of just about everything else are way up. That means individuals are still buying fireworks to light off themselves, but the size and scope of municipal fireworks shows are being downgraded in […]