Fed's Kashkari Stresses Need for Significant Inflation Progress Before Rate Cuts
Minneapolis Federal Reserve Bank President Neel Kashkari stated that the Fed should see significant progress on inflation before considering interest rate cuts. In a CNBC interview, he emphasized the need for several months of positive inflation data and mentioned the possibility of further rate hikes if inflation does not decrease. Although Kashkari initially anticipated two […]
Mt. Gox Moves $9.6 Billion Worth Of Bitcoin – Are Creditors Finally Being Repaid?
Mt. Gox Moves $9.6 Billion Worth Of Bitcoin – Are Creditors Finally Being Repaid? Collapsed cryptocurrency exchange Mt. Gox moved $9.62 billion worth of Bitcoin into a new wallet, raising hopes among creditors. As Zoltan Vardai reporets at CoinTelegraph.com, the 141,686 Bitcoin was consolidated into wallet “1Jbez” from several other cold wallets associated with Mt. […]
Analysts Predict Further Gains for Precious Metals Amid Strong Chinese Demand
Gold, silver, and copper have recently pulled back from their record highs but remain close to those levels, with analysts predicting further price increases over the next year. Gold prices, currently at $2,351.3 per ounce, have been supported by a weaker U.S. dollar, lower Treasury yields, and strong Chinese demand, which drove a significant price […]
US Home Prices Reached New Record High In March, Despite Soaring Rates
US Home Prices Reached New Record High In March, Despite Soaring Rates Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the expected 0.3%) with the 0.61% MoM gain In Febriary […]
Young Borrowers Struggle as Credit Card Debt Hits 14-Year High
Credit card debt is becoming a growing concern for the economy, with severe delinquencies rising to 10.7% in the first quarter, the highest in 14 years, as reported by the Federal Reserve Bank of New York. Younger borrowers are particularly struggling as interest rates hit a 23-year high. Total credit card debt increased to $1.12 […]
Gold Prices Decline as Investors Cash In Amid Fed Rate Cut Uncertainty
Gold prices dropped by 0.3% to $2,344.20 per ounce on Tuesday as investors took profits after a recent rally, influenced by a reduced likelihood of Federal Reserve rate cuts. Despite the decline, gold remained on track for a fourth consecutive month of growth. The market is now awaiting key U.S. inflation data. The drop follows […]
Ancient 2,300-Year-Old Gold Ring Unearthed in Jerusalem
Archaeologist Tehiya Gangate discovered a 2,300-year-old gold ring in Jerusalem while working at the Givati National Archaeology Park. The well-preserved ring, set with a red stone, likely belonged to a child from the Hellenistic period. The Israel Antiquities Authority and Tel Aviv University noted that the ring, dating to around 300 BC, reflects the increased […]
Everything You Need To Know As Trump Trial Heads To Verdict
Everything You Need To Know As Trump Trial Heads To Verdict As lawyers in the criminal trial of former President Donald Trump prepare to deliver their summations today, and the jury makes ready to begin deliberating as soon as the middle of the week, speculation runs high as to whether proceedings will end in an […]
Futures Rise On Apple China Sales Rebound As Attention Turns Back To Inflation
Futures Rise On Apple China Sales Rebound As Attention Turns Back To Inflation Stocks traded in a narrow range as markets reopened in the US and Europe with investors putting (a stronger than expected) Q1 earnings season in the history books, and looking to Friday’s core PCE print prints and central bank speakers for hints […]
Apple iPhone Shipments In China Rebound 52%, Market Share Loss To Huawei May Be Stabilizing
Apple iPhone Shipments In China Rebound 52%, Market Share Loss To Huawei May Be Stabilizing Apple’s sliding iPhone market share in China, pressured by competition from Huawei, may finally be stabilizing. New shipment data from the world’s largest handset market indicates that iPhones staged a 52% rebound in April, supported by aggressive price cuts to boost demand […]