Teen Workforce Grows as Inflation Pressures Family Budgets
Rising inflation has pushed more teenagers into the workforce to support their families financially. Many teens work various jobs to pay for personal expenses, save for college, and help her family with groceries and pocket money for her siblings. This trend reflects a broader pattern where teens are increasingly working to alleviate the financial strain […]
Biden's Exit Sparks Market Uncertainty, Gold Prices Respond
Gold prices remained steady following President Joe Biden’s withdrawal from the 2024 presidential race. While gold initially gained from increased safe-haven demand, investors have mixed views on what a potential Trump victory would ultimately mean for the precious metal. Factors such as trade policies, US-China relations, and monetary policy expectations continue to influence gold prices, […]
Central Banks Purchase Gold To Offset Their Own Money Destruction
Central Banks Purchase Gold To Offset Their Own Money Destruction Authored by Daniel Lacalle, Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it. We must begin by […]
Could Trump's Policies Strengthen Dollar? Experts are Split
Despite Donald Trump’s rhetoric favoring a weaker dollar, major banks predict that a second Trump presidency would likely strengthen the US currency. Analysts from Deutsche Bank, Morgan Stanley, and Barclays argue that Trump’s proposed policies, particularly tariffs and trade restrictions, would have a more significant impact on boosting the dollar than any efforts to weaken […]
China Unexpectedly Cuts Rates In Bid To Boost Economy, But Much More “Heavy Lifting” Needed
China Unexpectedly Cuts Rates In Bid To Boost Economy, But Much More “Heavy Lifting” Needed Just days after Beijing concluded its Third plenum with no major announcements, disappointing markets, early on Monday China unexpectedly cut its key short-term policy rate and the mortgage reference rates, its first such broad move since August last year. Analysts […]
Dramatic Footage Shows Ukrainian Drone Striking Russia’s Major Black Sea Refinery
Dramatic Footage Shows Ukrainian Drone Striking Russia’s Major Black Sea Refinery Early Monday, Ukraine succeeded in its first successful drone attack on a major Russian refinery since mid-May. Dozens of drones were launched from Ukraine with the objective of crippling Russia’s energy infrastructure. Bloomberg reports Rosneft PJSC’s major Tuapse refinery in southern Russia was damaged in a drone attack overnight, which sparked […]
Biden’s Brother Says They Will “Enjoy Whatever Time We Have Left”
Biden’s Brother Says They Will “Enjoy Whatever Time We Have Left” Authored by Steve Watson via Modernity.news, While Joe Biden provided no reason, other than ‘the greater good’ for no longer being the Democratic nominee, his brother Frank Biden told CBS News that ailing health “absolutely” played a “considerable role” in the decision. “I’m incredibly […]
CrowdStrike Extends Decline As Several Wall Street Analysts Warn About Global Outage Fallout
CrowdStrike Extends Decline As Several Wall Street Analysts Warn About Global Outage Fallout Shares of CrowdStrike are lower in premarket trading after several Wall Street analysts revised their ratings and lowered price targets. These actions come as analysts attempt to assess the impact of a global IT outage that crippled millions of computers, grounded flights, disrupted banks, […]
Futures Jump Led By Megacap Tech As Trump Trades Reverse
Futures Jump Led By Megacap Tech As Trump Trades Reverse Global markets are relatively muted after a second consecutive historic weekend for US politics, one where Joe Biden ended his reelection campaign and (reluctantly) endorsed Vice President Kamala Harris. As of 7:45am, S&P futures are up 0.5%, led by tech with small caps also positive […]
Oil’s Physical Market Signals Break To The Upside
Oil’s Physical Market Signals Break To The Upside By Grant Smith, Bloomberg markets live reporter and strategist Oil prices may have been confined to a tight range this month, but an array of signals from the physical market suggest the next move could be a break to the upside. First of all, there are the […]