X Conversation Between Musk And Trump Generates Over A Billion Views
X Conversation Between Musk And Trump Generates Over A Billion Views Authored by Steve Watson via modernity.news, A conversation between Donald Trump and X owner Elon Musk has generated over a billion views, as Trump officially returned to the platform Monday. Elon made the observation following the 2 hour conversation between the two. Combined views […]
Investors Hold Breath as CPI and Retail Sales Data Loom
Wall Street closed with mixed results on Monday as investors cautiously await a series of crucial economic reports this week, particularly the Consumer Price Index (CPI) data due Wednesday. The market’s performance reflects the anticipation surrounding these reports, which are expected to provide insights into inflation trends and consumer spending patterns. Investors are especially focused […]
Gold Price Tests $2,500 Levels
Gold prices have retreated slightly from recent record highs as investors take profits ahead of crucial U.S. inflation data. While geopolitical tensions, particularly in the Middle East, continue to support gold’s safe-haven appeal, traders are cautiously awaiting PPI and CPI reports that could influence the Federal Reserve’s upcoming policy decisions. Despite the pullback, gold remains […]
Inflation Reports and Retail Sales: Upcoming Key Indicators for Economic Health
This week’s economic reports, particularly inflation data and retail sales figures, will provide crucial insights into consumer spending patterns and overall economic health. With recession fears lingering, these reports will be closely watched for signs of weakening demand or resilience in consumer behavior. The data will help gauge whether the economy is achieving a delicate […]
American Wallets Fight Back: How Consumer Resistance is Curbing Inflation
American consumers are playing a crucial role in curbing inflation by resisting high prices and seeking cheaper alternatives. This shift in consumer behavior has forced companies to slow or even reduce price increases, contributing to a cooling of inflation pressures. Major corporations report customers increasingly opting for more affordable products and services, signaling a return […]
Nasdaq 100 at Risk? Citi Strategists Flag Potential Tech Sell-Off
Citigroup strategists, led by Chris Montagu, warn of a significant risk of sell-off in US technology stocks due to extended bullish positioning despite recent market declines. With approximately $22.5 billion in long positions on Nasdaq 100 Index futures, any negative economic data could trigger substantial pressure on these positions, potentially amplifying downward market movements. This […]
Gold Pulls Back from Monday's Record Closing-High
Gold prices retreated Tuesday morning as investors took profits following Monday’s record closing high, with markets now focused on upcoming U.S. inflation data that could provide insights into the Federal Reserve’s next policy moves. Spot gold dipped 0.3% to $2,465.42 per ounce, despite being up 19% year-to-date. Traders are closely watching for July’s U.S. consumer […]
Israel and U.S. Brace for Potential Retaliation from Iran and Hezbollah
Israel and the United States are taking heightened security measures in response to potential threats from Iran and Hezbollah. Israel has placed its military on high alert after observing preparations for possible attacks, while the U.S. is deploying additional military assets to the Middle East, including a guided-missile submarine and accelerating the arrival of an […]
Fed Survey: Americans Less Concerned About Future Inflation, More Anxious About Debt
The Federal Reserve Bank of New York’s July survey reveals a significant drop in medium-term inflation expectations among U.S. consumers, with the three-year outlook falling to a record low of 2.3%. While short- and long-term inflation expectations remained stable, concerns about debt repayment increased, particularly among lower-income households. This shift in consumer sentiment comes as […]
Gold Takes a Breather While Traders Await Inflation Cues
Gold prices dipped on Tuesday as investors took profits following a recent rally, with markets now focused on upcoming U.S. inflation data that could provide insights into the Federal Reserve’s next policy moves. Spot gold fell 0.4% to $2,461.75 per ounce after reaching a one-week high earlier in the session. Traders are awaiting July U.S. […]