India Preparing For A CBDC-Driven Economy, Central Bank Governor Says
India Preparing For A CBDC-Driven Economy, Central Bank Governor Says Authored by Arijit Sarkar via CoinTelegraph.com, On his last day as the governor of the Reserve Bank of India (RBI), Shaktikanta Das shared his vision to transform India’s economy with a home-grown central bank digital currency (CBDC), the digital rupee. During the farewell speech on […]
Canada's Central Bank Slashes Rates to Combat Economic Slowdown
The Bank of Canada slashed its key interest rate by 50 basis points to 3.25% on December 11, 2024, marking its fifth consecutive cut. This aggressive move comes in response to rising unemployment, which hit 6.8% in November, and a weakening economy. The central bank aims to stimulate economic growth and consumer spending while keeping […]
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration
Loonie Strengthens After BoC Slashes Rates By 50bps Again, Blames De-Growth On Trump & Immigration The Bank of Canada just slashed rates by 50bps (to 3.25%) – as expected – and the second 50bps cut in a row as the central bank claimed growth looks weaker than expected… but they were careful to tamp down […]
Gold Prices Pause Before Key Inflation Figures
Gold prices remain flat as markets brace for crucial US inflation figures. The upcoming CPI data could influence the Federal Reserve’s decision on interest rates and shape expectations for monetary policy in 2025. With spot gold at $2,695.91 per ounce, investors are closely watching for potential catalysts that could drive the precious metal’s next move.
Goldman Sachs: Gold to Reach $3,000 in 2025
Goldman Sachs predicts gold prices could soar to $3,000 per ounce by the end of 2025, despite potential increases in the U.S. dollar’s value. This forecast is based on expected interest rate cuts, heightened global uncertainty, and continued central bank buying. The analysts argue that gold can rally alongside a stronger dollar, challenging conventional wisdom. […]
Accounting Error Sends Macy’s Shares Tumbling; Goldman Calls Earnings “Disappointing”
Accounting Error Sends Macy’s Shares Tumbling; Goldman Calls Earnings “Disappointing” Macy’s reported its financial results for the third quarter on Wednesday and slashed its outlook after concluding an investigation into an employee who intentionally hid $151 million in delivery expenses from the fourth quarter of 2021 through the third quarter of this year. During an earnings […]
Here’s Who Owns US Debt
Here’s Who Owns US Debt U.S. gross debt increased from $34.4 trillion at the end of 2023 to $36.1 trillion as of December 2024, with some experts calling it unsustainable. In this graphic, Visual Capitalist’s Bruno Venditti brings a breakdown of U.S. debt composition, categorized by domestic and foreign investors as well as intragovernmental holdings. The data is sourced […]
Dalio Predicts Global Debt Crisis, Backs Bitcoin & Gold
Dalio Predicts Global Debt Crisis, Backs Bitcoin & Gold Authored by Helen Partz via CoinTelegraph.com, Billionaire investor Ray Dalio expressed concerns about a potential “pending debt money problem” in global finance and urged a shift toward hard assets like Bitcoin and gold. Dalio, the founder of one the world’s largest hedge funds, Bridgewater Associates, said […]
Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report
Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report Having plunged from over $105 billion market cap in 2015 to less than $8 billion currently (amid mounting pressures on both its pharmacy and retail businesses), it appears Walgreens Boots Alliance (WBA) has got cheap enough to spark private equity interest. The Wall Street Journal […]
Crackdown on Corruption: US and UK Target Illegal Gold Networks
The United States and the United Kingdom have imposed new sanctions targeting the illicit gold trade, which they claim funds Russian President Vladimir Putin’s war in Ukraine and fosters corruption. The UK froze the assets of five individuals, including Kamlesh Pattni, a businessman accused of smuggling gold and laundering money through a global network. These […]