Gold Prices Dip as U.S. Recession Concerns Ease, Dollar Strengthens
Gold prices are set for a weekly decline as recession fears in the U.S. have eased following positive jobs data, which bolstered risk appetite and strengthened the dollar. This led to a sell-off in gold, a typical safe-haven asset, as investors shifted towards riskier investments. Although gold prices fell as much as 3% earlier in […]
BOJ's Mixed Signals Leave Traders Puzzled
The Bank of Japan (BOJ) has left traders uncertain about its intentions after delivering mixed messages regarding interest rate hikes. Governor Kazuo Ueda initially signaled that the weak yen was a risk and rates might rise, causing the yen to surge and Japanese stocks to plummet. In response, Deputy Governor Shinichi Uchida later stated that […]
Mortgage Rates Hit Lowest Level in Over a Year
The average rate for a 30-year mortgage has dropped to 6.47%, the lowest in over a year, providing a boost for prospective homebuyers and homeowners looking to refinance. This decline follows a decrease in the 10-year Treasury yield, driven by disappointing labor market data. While the rate drop has spurred an increase in refinancing applications, […]
Affluent Americans Turn to High-End Bunkers as Political Fears Escalate
In response to growing political instability, some wealthy Americans are investing in luxury doomsday preparations, such as acquiring citizenship in countries like Malta or purchasing bespoke bunkers. These high-end bunkers, offered by companies like Atlas Survival Shelters, feature advanced security measures and luxurious amenities, including granite countertops and oak flooring. The trend reflects a broader […]
2,400-Year-Old Gold Coins Found in Turkey: A Mercenary's Treasure
Archaeologists have uncovered a pot of gold coins in the ancient Greek city of Notion, located in present-day western Turkey. This discovery, made during an excavation led by Dr. Christopher Ratté from the University of Michigan, dates back to the fifth century BC. The coins, known as Persian darics, were found buried beneath the floor […]
California Power Bills Are Soaring
California Power Bills Are Soaring Authored by Tsvetana Paraskova via OilPrice.com, California residents face the second-highest average electricity bills in the U.S., driven by investments in wildfire mitigation, grid upgrades, and renewable energy integration. The surge in electricity costs has left nearly 1 in 5 California households behind on their energy bills. California is transitioning […]
Japan On High Alert For Possible Catastrophic Magnitude 9 Megaquake
Japan On High Alert For Possible Catastrophic Magnitude 9 Megaquake Update (0730ET): And just moments ago… As we in Japan are on the alert for a possible mega quake, my phone’s emergency alarm goes off. M5.3 shakes Kanagawa Prefecture with the epicenter 10 km according to Japan Met Agency’s preliminary announcement. Tokyo shook too and […]
Putin Signs Law Legalizing Cryptocurrency Mining In Russia
Putin Signs Law Legalizing Cryptocurrency Mining In Russia Authored by Nik Hoffman via BitcoinMagazine.com, Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia. According to a report by Russian news agency TASS, the law introduces several key concepts, including digital currency mining, mining pools, and mining infrastructure operators. Mining activities are […]
President Of Smartmatic Indicted On $1 Million Bribery, Money Laundering Charges
President Of Smartmatic Indicted On $1 Million Bribery, Money Laundering Charges The founder and president of Smartmatic – the company whose voting machines and software are ‘trusted’ around the world to provide secure elections – was indicted by a federal grand jury on Thursday along with two other company officials on charges involving a bribery […]
Ford Files Patent For System To “Automatically Snitch” On Speeders
Ford Files Patent For System To “Automatically Snitch” On Speeders Ford has filed a new patent called “Systems and Methods for Detecting Speeding Violations” that reveals the company is looking at ways to “automatically snitch” on speeding drivers, a new report from TechRadar shows. Ford’s patent filing with the USPTO details a system using vehicles’ cameras […]