Illegal Immigrants Say They Won’t Attempt To Enter US If Donald Trump Wins
Illegal Immigrants Say They Won’t Attempt To Enter US If Donald Trump Wins Authored by Paul Joseph Watson via modernity.news, Illegal immigrants traveling through South America are desperately trying to cross the US border before the election, saying they won’t attempt to enter the country if Donald Trump wins. The Telegraph interviewed a number of […]
North Korean Troops Fighting In Ukraine Will ‘Surely Return In Body Bags’: UN
North Korean Troops Fighting In Ukraine Will ‘Surely Return In Body Bags’: UN Using surprisingly blunt words which are clearly a warning and a threat, the United States envoy to the UN, Robert Wood, has said that North Korean forces entering Ukraine “will surely return in body bags.” Wood issued the words while speaking before the […]
There’s A Lot Of Garbage In This US Election, And Everywhere Else
There’s A Lot Of Garbage In This US Election, And Everywhere Else By Michael Every of Rabobank There’s a lot of garbage in this US election. There were two recent examples from the Republican stage, then from the White House; now Trump is driving a garbage truck wearing a hi-vis orange vest. We also can’t […]
“It Looks Like A VaR Shock To Me”: Gilts, Pound Crash Amid Panic Over Unsustainable UK Deficit
“It Looks Like A VaR Shock To Me”: Gilts, Pound Crash Amid Panic Over Unsustainable UK Deficit As we warned yesterday in our review of the just announced UK Budget (see “UK Gilt Yields Soar After Reeves Reveals Budget: Market Braces For Inflationary Debt Surge“), debt has always been the UK’s Achilles’ heel. That’s because […]
Shares Of Driverless Truck Startup Aurora Crash After Commercial Launch Delayed
Shares Of Driverless Truck Startup Aurora Crash After Commercial Launch Delayed Shares of autonomous truck maker Aurora tumbled in New York this morning after management revealed during an earnings call on Wednseday that the commercial launch of its driverless trucks would be delayed by four months. Aurora CEO Chris Urmson told investors on its third-quarter earnings call […]
World Gold Council: Gold Demand Hits Q3 Record as Investors Turn to Safe Havens
The World Gold Council’s Gold Demand Trends report for Q3 2024 highlights a record-breaking quarter for gold demand, driven by strong investment flows and high prices. Total gold demand, including OTC investment, increased by 5% year-over-year to 1,313 tonnes, marking the highest third quarter on record. The value of demand surged by 35% to exceed […]
Fed's Inflation Target in Sight as PCE Index Nears 2%
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, showed a continued slowdown in September, with overall inflation falling to 2.1% year-over-year, nearly reaching the Fed’s 2% target. However, core inflation, which excludes volatile food and energy prices, remained stubbornly high at 2.7% annually, indicating that some price pressures persist beneath […]
Homebuyers Face Tough Choices as Borrowing Costs Soar Once Again
The US housing market is facing renewed challenges as mortgage rates have surged in recent weeks, potentially dampening the momentum gained from a brief period of lower rates in September. This volatility in borrowing costs is causing uncertainty for homebuyers, who must now navigate a market with high interest rates and limited housing supply. Some […]
Mixed Signals: Inflation Eases Overall, but Core Prices Climb
The Federal Reserve’s preferred inflation measure, the core personal consumption expenditures (PCE) price index, rose 0.3% in September, marking its largest monthly increase since April. This development suggests a potential slowdown in future interest rate cuts. Despite the uptick in core inflation, overall inflation fell to 2.1%, approaching the Fed’s 2% target. Consumer spending grew […]
Traders Anticipate Two Fed Rate Cuts as Price Pressures Ease
Traders are maintaining their expectations for two quarter-point interest rate cuts by the Federal Reserve, one in November and another in December. This outlook is supported by recent economic data showing easing inflation, with the Fed’s preferred inflation measure dropping to 2.1% in September, closer to their 2% target.