Gold's Appeal Grows: Survey Shows Investors Increase Gold Allocations
Gold ownership among North American professional investors has significantly increased, with 85% reporting an allocation to gold investments, up from 69% in 2018. This trend is driven by gold’s recent strong performance and record-high prices. Over half of the surveyed investors hold at least 1% of their assets under management (AUM) in gold, with 24% […]
Southwest Plunges After Revenue Guidance Slashed As Troubles Mount
Southwest Plunges After Revenue Guidance Slashed As Troubles Mount Just over two weeks after activist shareholder Elliott Investment Management was revealed to have nearly a $2 billion equity stake in budget airline Southwest, the investment firm’s head, Paul Singer, is already experiencing a turbulent ride. Shares of Southwest plunged as much as 10% in premarket trading in New […]
LA's Housing Crisis: 97% of Residents Priced Out of Homeownership
Los Angeles is facing a severe housing affordability crisis, with only 2.8% of non-homeowner households able to afford a typical mortgage. This crisis is driven by high mortgage rates, extreme lack of housing supply, and soaring home prices. The median home price in LA has surged to $1,050,000, more than double the national median. Factors […]
Food Wars Loom as Nations Hoard Supplies, Warns Agricultural Trader
Sunny Verghese, CEO of Olam Agri, warned that the world is on the brink of “food wars” due to geopolitical tensions and climate change, which are straining food supplies. Speaking at a recent conference, Verghese highlighted that government-imposed trade barriers, intended to protect domestic food stocks, have exacerbated food inflation. He noted that the proliferation […]
Julian Assange & the Polarization of Prosperity and Freedom
In this eye-opening and potentially polarizing video, Mike Maloney dives deep into the foundations of prosperity and the economic laws that drive it.
Seattle Mandates $4.99 Fee On Uber Eats ‘To Help Drivers’, Deliveries Crash 45%
Seattle Mandates $4.99 Fee On Uber Eats ‘To Help Drivers’, Deliveries Crash 45% Authored by Mike Shedlock via MishTalk.com, Drivers are not helped by wage mandates is Seattle and New York. And customers complain higher prices and cold food. It’s a perfect trifecta of complaints. Neither drivers nor customers are happy with misguided politicians attempting […]
Whirlpool Shares Surge 18% Amid Bosch Takeover Rumors
Whirlpool Shares Surge 18% Amid Bosch Takeover Rumors Shares of Whirlpool Corp. soared in premarket trading in New York after a Reuters report explained that German appliance and engineering giant Robert Bosch is eyeing a potential takeover bid for the appliance maker. Bosch has been talking to potential advisers about the possibility of making an offer […]
Futures Fade Despite Continued Tech Meltup, Japanese Yen Craters
Futures Fade Despite Continued Tech Meltup, Japanese Yen Craters Futures are trading modestly in the red near sessions lows, erasing earlier gains of as much as 0.2% even as gigacap tech stocks continue their meltup. At 8:00am ET, S&P futures were down 0.1%, while Nasdaq futures were still green, rising 0.1% but also fading their […]
Will A Crime Wave In This PA City Shape The Election Outcome?
Will A Crime Wave In This PA City Shape The Election Outcome? Authored by Tyler Day via RealClearPennsylvania, Scranton, the Electric City and boyhood home of President Joe Biden, will likely figure in the political headlines throughout the 2024 election season. That’s largely because it’s located in Northeastern Pennsylvania – one of the swingiest areas […]
Morgan Stanley’s Adam Jonas Says Tesla “May Hold Important Cards” In The Next AI Trade
Morgan Stanley’s Adam Jonas Says Tesla “May Hold Important Cards” In The Next AI Trade Morgan Stanley’s Adam Jonas suggests that Tesla could be poised for the powering up America theme with its solar energy and storage business. This comes as artificial intelligence data centers are being constructed across the country, and once completed, demand a […]