Vance Supports Trump's Call for Presidential Influence Over Fed
Republican vice presidential nominee JD Vance has expressed support for former President Donald Trump’s suggestion that the president should have more influence over the Federal Reserve’s monetary policy decisions. Vance argues that such decisions should be political, reflecting the input of elected leaders. This stance marks a significant departure from the traditional independence of the […]
UBS Sees Strong Potential in Commodities, Elevates Precious Metals Allocation
UBS Global Research maintains a positive outlook on the commodities sector, emphasizing its potential to diversify traditional bond and equity portfolios. Despite mixed economic data, UBS has increased its allocation to the precious metals sector to overweight, driven by steady demand from emerging markets, global net-zero initiatives, and structural underinvestment. UBS advocates for a dynamic […]
Italian Jewelry Exports Soar on Turkish Gold Demand
A significant increase in Turkish demand for gold, driven by high inflation, has boosted Italian jewelry exports from Tuscany’s Arezzo district by 133% in the first quarter of the year compared to 2023, according to a report by Intesa Sanpaolo. This surge in jewelry exports, totaling 1.8 billion euros, offsets a 23% decline in leather […]
Homebuyers Get Creative Amid Historically High Property Values
Homebuyers Get Creative Amid Historically High Property Values Authored by Michael Washburn via The Epoch Times (emphasis ours), The dramatic rise in median home prices in New York City and other busy real estate markets from pre-pandemic levels, and the intense competition for desirable properties, has driven buyers throughout the country to pursue a range […]
Oil Prices Rise Above $80 Amid Iran-Israel Tensions
Oil prices have climbed back above $80 per barrel, marking their first weekly gain since early July, as traders monitor potential Iranian reprisals following the assassination of a Hamas leader in Tehran. Brent crude rose nearly 4% last week, and West Texas Intermediate approached $78. The market is also influenced by reduced bullish positions on […]
Market Awaits Inflation Data as Gold Prices Rise
Gold prices rose on Monday as traders anticipated key U.S. inflation data and potential interest rate cuts by the Federal Reserve. Spot gold increased by 0.6% to $2,444.79 per ounce, while U.S. gold futures rose by 0.4% to $2,483.70. Investors are considering a 49% chance of a 50 basis point rate cut in September, with […]
Record-Breaking Value: Paris Olympic Gold Medals Worth $900
The gold medals awarded at the 2024 Paris Olympics are valued at approximately $900 due to the high prices of gold and silver, which make up the majority of the medal’s composition. Each medal contains six grams of gold, with the rest primarily consisting of silver, which accounts for at least 92.5% of the weight. […]
NASA Inspector General Report Criticizes Boeing’s Quality Control
NASA Inspector General Report Criticizes Boeing’s Quality Control Authored by Katabella Roberts via The Epoch Times (emphasis ours), NASA’s Office of Inspector General (OIG) has raised concerns over quality control and standards at plane maker Boeing and its efforts to help the space agency return astronauts to the Moon. Boeing’s Starliner spacecraft which launched astronauts […]
Theater Of The Absurd, Harris-Walz Edition
Theater Of The Absurd, Harris-Walz Edition Authored by Roger Kimball via American Greatness, H.L. Mencken apparently never quite said that “No one ever went broke underestimating the intelligence of the American public.” He said lots of similar things, however, and I like to think he would have been proud of being the sort of chap […]
These Are The Cities With The Highest Robbery Rates In 2024
These Are The Cities With The Highest Robbery Rates In 2024 A recent Council on Criminal Justice (CCJ) report has revealed the U.S. cities with the highest rates of robberies. Robberies, for the purposes of the report, are defined as “theft or attempted theft involving force or the threat of force”. As of the middle of […]