The US Fiscal Nightmare – Yellen Can’t Expect A Strong Ecoonomy With Higher Spending & Taxes
The US Fiscal Nightmare – Yellen Can’t Expect A Strong Ecoonomy With Higher Spending & Taxes Authored by Daniel Lacalle, The long-term forecast for higher interest rates, according to Treasury Secretary Janet Yellen, makes it more difficult to control US borrowing needs, which emphasizes the significance of raising revenue in the forthcoming budget talks with Republican lawmakers. […]
Jury Begins Deliberations In Trump ‘Hush Money’ Trial
Jury Begins Deliberations In Trump ‘Hush Money’ Trial With closing arguments in Donald Trump’s hush money trial having ended on Tuesday, jury deliberations have officially begun, putting the outcome of the case in the hands of a dozen New Yorkers. Former President Donald Trump at Manhattan Criminal Court on May 28, 2024 in New York […]
American Airlines Shares Plummet After Slashing Optimistic Guidance Issued Last Month
American Airlines Shares Plummet After Slashing Optimistic Guidance Issued Last Month American Airlines shares hit turbulence Wednesday morning, tumbling the most since early Covid, after executives slashed the adjusted earnings per share outlook for the second quarter, just one month after issuing it. Additionally, Chief Commercial Officer Vasu Raja will step down in June. This news […]
ConocoPhillips and Marathon Oil Merge in $22.5 Billion Deal, Extending Industry Consolidation
ConocoPhillips has agreed to acquire Marathon Oil for $22.5 billion, continuing a trend of major mergers in the oil and gas sector aimed at strengthening reserves. This follows a highly active year in the industry, with $250 billion in mergers and acquisitions in 2023, driven by a booming stock market and record U.S. oil production.
New UBS Forecasts Predict Silver Prices to Hit $38 by Mid-2025
UBS has raised its silver price forecasts, projecting the metal to reach $34 per ounce by the end of September, $36 by the end of 2024, and $38 by June 2025, driven by strong industrial demand and potential undersupply. Despite a recent price pullback, UBS anticipates continued silver outperformance, with industrial demand, particularly from the […]
Negotiations For The Global Pandemic Treaty Have Broken Down, But Fearmongering Of What Is Coming Next May Revive Them
Negotiations For The Global Pandemic Treaty Have Broken Down, But Fearmongering Of What Is Coming Next May Revive Them Authored by Michael Snyder via TheMostImportantNews.com, The World Health Organization was hoping that there would be a vote on the global pandemic treaty at the World Health Assembly at the end of this month, but now […]
Goldman Veteran Will Be Next Cleveland Fed President
Goldman Veteran Will Be Next Cleveland Fed President Once upon a time, we joked that Goldman had become a veritable incubator for future central bank heads: from NY Fed’s Bill Dudley, to BOC’s Mark Carney, to ECB’s Mario Draghi, to disgraced Dallas Fed daytrader Robert Kaplan, and Minneapolis Fed “chump” Neel Kashkari, it seemed that […]
UBS Forecasts Commodity Rally Driven by Strong Fundamentals
UBS predicts a rally in commodities based on strong fundamentals. They raised their gold demand forecast due to record central bank purchases and sustained Chinese buying, expecting prices to reach USD 2,600/oz by year-end. Copper is also expected to see price gains, driven by supply challenges and China’s housing policies, with prices forecasted to hit […]
An Older, Anxious, Mildly Paranoid Analyst
An Older, Anxious, Mildly Paranoid Analyst By Michael Every of Rabobank An older, anxious, mildly paranoid analyst US Treasury yields spiked higher yesterday after strong consumer confidence data and weak bond auctions, pushing the dollar up. The Fed’s Kashkari said the FOMC hasn’t entirely ruled out further rate hikes, but the odds are “quite low”. […]
Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns
The U.S. economy’s unexpected resilience, driven by a strong job market and consumer spending, has raised concerns that the Federal Reserve may delay or cancel planned rate cuts to combat persistent inflation. Minutes from the Fed’s May meeting indicate a readiness to tighten policy if inflation risks persist. As the Fed prepares to release updated […]