Government Measures Aim to Strengthen Demand for ZiG in Zimbabwe
Zimbabwe’s Finance Minister Mthuli Ncube has announced measures to boost demand for the country’s new bullion-backed currency, ZiG (Zimbabwe Gold). These include requiring government departments to accept ZiG for goods and services, mandating certain taxes be paid exclusively in ZiG, and increasing circulation of ZiG notes without expanding money supply. The government aims to strengthen […]
U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2
The U.S. economy showed unexpected resilience in the second quarter of 2024, with GDP growing at 2.8%, surpassing economists’ expectations and accelerating from the first quarter’s 1.4% growth. This robust performance comes despite high interest rates and persistent inflation, and amidst a heated political debate about the economy’s health. While President Biden touts these figures […]
U.S. Dollar Stabilizes After Better-Than-Expected GDP Report
The U.S. dollar pared its losses on Thursday after data showed stronger-than-expected economic growth and slowing inflation in the second quarter. The GDP grew at an annualized rate of 2.8%, surpassing economists’ forecasts of 2.0%. This positive economic data helped the dollar recover slightly against the yen and other currencies, though it remained down overall.
STMicro Slashes Full-Year Outlook For Second Time Amid Auto Market Slowdown
STMicro Slashes Full-Year Outlook For Second Time Amid Auto Market Slowdown Shares of chipmaker STMicroelectronics tumbled in Europe after the company slashed its full-year revenue and margins guidance for the second time (the last cut was in April) on soft chip orders from the automotive industry. Demand troubles from STMicro’s industrial clients may signal a slowing […]
Israel Warns That ‘Iranian Terrorist Proxies’ Plotting Attack On Israelis At Olympics
Israel Warns That ‘Iranian Terrorist Proxies’ Plotting Attack On Israelis At Olympics The 2024 Paris Olympics will officially open on the night of Friday, July 26 – but already there are warnings that terrorists are looking to disrupt the games. Israel is now loudly warning that its athletes are prime targets. Israeli Foreign Minister Israel Katz […]
Judge Refuses To Dismiss Trump Defamation Lawsuit Against ABC, Stephanopoulos
Judge Refuses To Dismiss Trump Defamation Lawsuit Against ABC, Stephanopoulos Authored by Eric Lendrum via American Greatness, On Wednesday, a federal judge rejected a motion by ABC News and George Stephanopoulos to dismiss the defamation lawsuit filed against them by former President Donald Trump. As reported by The Hill, the lawsuit stems from an interview […]
NORAD Jets Make Rare Intercept Of Russian & Chinese Bombers Near Alaska
NORAD Jets Make Rare Intercept Of Russian & Chinese Bombers Near Alaska Russian bombers showing up in skies off Alaska on occasion has become something to be expected, and the US military intercepts and monitors such activity typically at least once every few months, to the point that it has become somewhat ‘regular’. However the […]
Consumer Sentiment Gap Raises Recession Fears
The U.S. stock market and economy are currently experiencing an unusual split, which could mean trouble is on the horizon… There’s a significant gap between the Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan’s Index of Consumer Sentiment (UMICS), which has historically preceded recessions. In the past, this has been a reliable […]
White House Approves Nearly $3 Billion Weapons Sale To Saudi Arabia
White House Approves Nearly $3 Billion Weapons Sale To Saudi Arabia Authored by Kyle Anzalone via The Libertarian Institute, The State Department approved a proposed sale of military technical equipment to Saudi Arabia. Washington views Riyadh as a key partner in the Middle East, even as the Kingdom rules its people with an oppressive dictatorship […]
US Continuing Jobless Claims Hover At 32-Month Highs
US Continuing Jobless Claims Hover At 32-Month Highs Initial jobless claims dropped modestly (SA) from 245k to 235k last week (while on an NSA basis, claims crashed back to earth after last week’s spike)… Source: Bloomberg New York, Michigan, and California all saw claims crash last week on an NSA basis… …but Texas claims continue […]