Concerns Grow Over The Increasing Abilities Of AI
Concerns Grow Over The Increasing Abilities Of AI Authored by Raven Wu and Cindy Li via The Epoch Times (emphasis ours), Big tech companies’ full commitment to developing artificial intelligence (AI), even enabling AI to “see” and “speak” to the human world, has led to a growing concern over humans being controlled by technology. (Andrey […]
“Massive” Cocaine And Fentanyl Stash Discovered In Bronx As Marshals Pursued Fugitive
“Massive” Cocaine And Fentanyl Stash Discovered In Bronx As Marshals Pursued Fugitive A “massive” load of drugs and cash was found in the Bronx last week during a hunt for a fugitive. New Jersey fraud suspect Aracely Ortiz was being pursued by the US Marshals NY / NJ Regional Fugitive Task Force, who stumbled onto a “huge […]
“Inflation Creates An Illusion Of Wealth” – Peter Schiff Blasts Biden’s Brags About Raising Taxes
“Inflation Creates An Illusion Of Wealth” – Peter Schiff Blasts Biden’s Brags About Raising Taxes Via SchiffGold.com, This week Peter’s back to discuss new economic data, Powell’s recent remarks in the Netherlands, and the Biden administration’s new tariffs. More and more signs point to economic stagflation, but Biden, Powell, and their cronies continue to deflect […]
Russia Blasts As ‘Fake News’ Fresh Pentagon Charge Of Anti-Satellite Weapon In Space
Russia Blasts As ‘Fake News’ Fresh Pentagon Charge Of Anti-Satellite Weapon In Space At a moment nuclear tensions are soaring due to Russia launching tactical nuclear military drills in its southern district near Ukraine this week, Washington and Moscow are trading barbs over allegations of banned weapons in space. Kremlin spokesman Dmitry Peskov asserted on […]
Global Bond Market On Verge Of Selloff As Commodities Reawaken
Global Bond Market On Verge Of Selloff As Commodities Reawaken Authored by Simon White, Bloomberg macro strategist, Aggregate bond indices are up in most countries on an annual basis. But the broadening commodity rally threatens to feed into global inflation and kickstart another bond selloff. A year ago almost all aggregate (corporate + government) bond […]
WTI Rallies After Crude Inventory Build, Another Large SPR Addition
WTI Rallies After Crude Inventory Build, Another Large SPR Addition Oil prices edges lower again this morning (for the third straight day) after API reported crude and gasoline builds overnight in the US, and on the other side of the Atlantic, Genscape data showed expanded inventories in Europe’s oil trading hub. Additionally, Bloomberg reports that signs of […]
“Vindictive Prosecution”: Judge To Hear Motions To Dismiss In Trump Documents Case
“Vindictive Prosecution”: Judge To Hear Motions To Dismiss In Trump Documents Case Authored by Jacob Burg and Janice Hisle via The Epoch Times (emphasis ours), After the prosecution and defense rested their cases in former President Donald Trump’s trial in Manhattan, his attorneys and those of co-defendant Walt Nauta will appear in southeast Florida on […]
Existing Home Sales Unexpectedly Tumble As Homebuyer Confidence Hits Record Low
Existing Home Sales Unexpectedly Tumble As Homebuyer Confidence Hits Record Low After (unexpectedly) tumbling in March, existing home sales were expected to rise modestly (+0.8% MoM) in April. Analysts were wrong as March’s data was revised marginally up from -4.3% MoM to -3.7% MoM and April printed -1.9% MoM (a big miss). That left existing […]
Jeffrey Christian: No Significant Shift Away from the US Dollar
Commodities expert Jeffrey Christian dismissed the notion of de-dollarization as a “myth,” asserting that there is no significant shift away from the US dollar despite increased rhetoric from countries like Russia and China. Christian emphasized that the fear of the dollar being displaced as the dominant global currency is unfounded, labeling the idea as a […]
Dollar Gains as Market Awaits Fed Minutes; Pound Steady on Inflation Data
The dollar strengthened on Wednesday as investors awaited the Federal Reserve’s meeting minutes for clues on the future of interest rates, while the British pound stabilized following data showing a drop in UK inflation in April. Despite a milder U.S. inflation reading last week, Fed officials remain cautious, with Governor Christopher Waller and President Loretta […]