Major Retailers Offer Discounts to Attract Price-Conscious Shoppers
Major retailers like Target and Walmart are offering summer discounts to attract inflation-weary shoppers. These price cuts, primarily on groceries, aim to provide relief as inflation begins to ease slightly. Despite continued consumer spending, reports from Walmart, Macy’s, and Ralph Lauren indicate a shift towards more price-conscious shopping habits, with customers favoring store brands and […]
“Never Intended To Offend” – Pope Apologizes After Homophobic Slur Leak
“Never Intended To Offend” – Pope Apologizes After Homophobic Slur Leak Pope Francis has issued an apology this morning after reports surfaced that he used a homophobic slur during a private meeting. He reportedly used the Italian term “frociaggine,” which translates to “faggotry” or “faggotness” in English. Citing sources from inside the meeting, the Corriere […]
BloxCross CEO Keith Bliss Favors Copper in Commodities Showdown
In a Yahoo Finance interview, Keith Bliss, founder and CEO of BloxCross, discussed the performance of gold, silver, and copper as they hit record highs. Bliss argued that copper, known as “doctor copper” for its economic indicators, is the best investment choice. He explained his preference to hosts Jared Blikre and Sydnee Fried, emphasizing copper’s […]
Hedge Funds Split Over Stocks’ Move From Here
Hedge Funds Split Over Stocks’ Move From Here Authored by Simon White, Bloomberg macro strategist, CTAs are getting shorter the stock market while long/short equity funds have been getting longer. The last time this happened, in November, long/short funds were positioned correctly, with the market rallying over the next five months. CTAs, or managed futures […]
Oil Prices Climb as Middle East Tensions Escalate Before OPEC+ Meeting
Oil prices rose amid escalating geopolitical tensions in the Middle East, with Brent crude trading above $83 a barrel and West Texas Intermediate above $79. The increase follows reports of an attack on a Greek-managed vessel in the Red Sea and Israeli tanks entering Rafah in Gaza. Despite OPEC+ maintaining output cuts, oil prices have […]
Conference Board Consumer Confidence Rebounds In May… As Inflation Expectations Hit 2024 Highs
Conference Board Consumer Confidence Rebounds In May… As Inflation Expectations Hit 2024 Highs After dropped near the lowest level in eleven years last month, the Conference Board Consumer Confidence expectations index soared in May from 68.8 (upwardly revised from 66.4) to 74.6. The Present Situation rose from 140.6 (revised down from 142.9) to 143.1. The […]
Key Events This Holiday-Shortened Week: PCE, GDP And More Fed Speakers
Key Events This Holiday-Shortened Week: PCE, GDP And More Fed Speakers All roads this week point towards the April US core PCE print on Friday which in MoM terms is expected to edge down from +0.32% to +0.26%, which would be the lowest monthly increase of 2024. As DB’s Jim Reid notes, you don’t need […]
Greek-Owned Bulk Carrier Taking On Water After Missile Strike In Red Sea
Greek-Owned Bulk Carrier Taking On Water After Missile Strike In Red Sea According to Bloomberg, citing maritime security firm Ambrey and a US defense official, a bulk carrier flying under the Marshall Islands flag was attacked in the southern Red Sea on Tuesday. This incident occurred as Israeli forces advanced further into the south of Gazan […]
Ukraine Confirms France Will Send Military Trainers To Its Soil
Ukraine Confirms France Will Send Military Trainers To Its Soil Ukraine’s military says it is ‘welcoming’ French trainers in Ukraine, in new remarks which strongly suggest that for the first time France is deploying its troops to Ukraine soil. This marks the beginning of major ‘boots on the ground’ escalation in a formal, public capacity […]
Billionaire Investor Palihapitiya: Misleading GDP Components Mask Economic Downturn
Billionaire venture capitalist Chamath Palihapitiya claims the US economy is experiencing a “quasi-synthetic recession,” despite a 1.6% GDP rise last quarter. On the All-In Podcast, he suggested that over half of Americans perceive a recession due to potentially misleading GDP components, which include consumer spending, corporate and government expenditures, and exports.