Smith & Wesson Asks US Supreme Court To Expedite Its Appeal Of Mexico Lawsuit
Smith & Wesson Asks US Supreme Court To Expedite Its Appeal Of Mexico Lawsuit Authored by Matthew Vadum via The Epoch Times (emphasis ours), U.S. gun maker Smith & Wesson asked the U.S. Supreme Court on Aug. 8 for “immediate review” of its appeal in Mexico’s ongoing $10 billion lawsuit against U.S. firearms companies. A […]
West Threatens Iran Over Plan To Supply Russia With Ballistic Missiles
West Threatens Iran Over Plan To Supply Russia With Ballistic Missiles NATO countries have been warning of swift and severe consequences in the wake of widespread reports that Iran is considering transferring sophisticated ballistic missiles to Russia for use in the Ukraine war. A weekend Reuters story authored by multiple national security veteran reporters alleged […]
KFC Unveils ‘Finger-Lickin Good’ Meal Deal As Value Wars Heat Up
KFC Unveils ‘Finger-Lickin Good’ Meal Deal As Value Wars Heat Up Quick-service restaurant customers have been frustrated by rising Big Mac and chicken sandwich prices, which we dubbed ‘McFlation.’ As burger sales slide, chains like McDonald’s and Burger King have swiftly introduced meal deals to maintain market share amid a worsening downturn among consumers, especially low/mid-tier ones. With McDonald’s […]
Putin Says There Will Be No Peace Talks With Ukraine As 180,000 Citizens Evacuated Amid Invasion
Putin Says There Will Be No Peace Talks With Ukraine As 180,000 Citizens Evacuated Amid Invasion Ukraine’s brazen and high risk cross-border ground incursion into Russia’s Kursk region is nearly one week in, with Russian forces still fighting off the invaders, and Kiev confirming in a fresh statement that the “offensive operation” is continuing. Russian […]
Modest Inflation Increase Won't Derail Fed's Easing Strategy
The Federal Reserve is expected to proceed with an interest rate cut in September despite a modest pickup in US inflation for July. Economists anticipate the Consumer Price Index (CPI) to rise 0.2% from June for both headline and core figures, slightly accelerating from the previous month but still maintaining a downward trend in annual […]
Gold Hits Week-High as Investors Eye Fed's Next Move
Gold prices have risen to their highest level in a week as investors anticipate crucial U.S. economic data releases, particularly the Producer Price Index (PPI) and Consumer Price Index (CPI). These reports are expected to provide insights into inflation trends and potentially influence the Federal Reserve’s monetary policy decisions. Despite a slight drop last week, […]
Forbes Explains CBDCs: Understanding the Rise of CBDCs
Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and regulated by the central bank. Unlike decentralized cryptocurrencies, CBDCs are centralized and government-controlled, designed to modernize financial systems and enhance monetary policy effectiveness. They offer the same functions as traditional currency but in digital form. However the potential for abuse […]
U.S. Credit Card Debt Hits Record $1.14 Trillion
U.S. consumer credit card debt has reached a record high of $1.14 trillion in the second quarter of 2024, according to the Federal Reserve Bank of New York. This represents a $27 billion increase from the first quarter and a 5.8% rise from the previous year. Delinquency rates have also increased, with 9.1% of cardholders […]
Medium-Term Inflation Expectations Tumble In NY Fed Survey As Spending Growth Pessimism Rises
Medium-Term Inflation Expectations Tumble In NY Fed Survey As Spending Growth Pessimism Rises With all eyes on this week’s inflation data barrage, starting with PPI tomorrow and moving to CPI on Wednesday, today’s NY Fed consumer survey was closely watched to see what it would reveal about consumer inflation expectations ahead of the coming hard […]
Markets Need A Lot More Than A Rate-Cut
Markets Need A Lot More Than A Rate-Cut Authored by Daniel Lacalle, The recent market weakness suggests a combination of profit-taking and concerns about the latest United States jobs and manufacturing figures, added to the abrupt unwinding of part of the yen carry trade. Valuations had soared and market participants now demand central bank easing. However, rate […]