Energy Prices Climb Following Strong Week for Oil
Oil prices rose on Monday, following their best week since April, as traders analyzed mixed economic data from China. U.S. crude and Brent oil closed last week nearly 4% higher, with analysts predicting a tightening market in the third quarter due to increased summer fuel demand. RBC’s Helima Croft expects oil inventories to fall by […]
Bull Market Gains Momentum as Latest Inflation Data Surprises
The latest inflation data, showing lower-than-expected consumer and wholesale prices, is fueling the ongoing stock market rally. Julian Emanuel of Evercore ISI raised his year-end S&P 500 target to 6,000, citing the positive inflation trend and early AI market opportunities. Similarly, UBS’s Jonathan Golub sees potential for further gains, given the implications for future interest […]
French Markets Stabilize After Le Pen Says She’ll Work With Macron In Appeal To French Moderates
French Markets Stabilize After Le Pen Says She’ll Work With Macron In Appeal To French Moderates In a bid to shore up political support from the centrists, over the weekend France’s surprise political leader Marine Le Pen – who blew president Macron away in the European Parliament elections – assured that she would work with […]
Gold's Upward Momentum Continues Amid Global Economic Uncertainty
Gold ended a three-week losing streak with a rally on Friday, despite the strong US dollar and political unrest in Europe, which bolstered its appeal as a safe-haven asset. Technical analysis suggests that gold is in a consolidation phase, with strong support at $2300. The Bank of Japan’s bond purchase policy and potential future interest […]
The Real Story Behind the Fed’s “Soft Landing” Narrative
The Real Story Behind the Fed’s “Soft Landing” Narrative Authored by Ryan McMaken via The Mises Institute, The Federal Reserve’s Federal Open Market Committee (FOMC) last week left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. The target rate has now been flat at 5.5 percent since July of 2023—as […]
Elon Musk Slams “Extinctionist Movement” Who See Humans As A “Plague”
Elon Musk Slams “Extinctionist Movement” Who See Humans As A “Plague” Authored by Steve Watson via Modernity.news, In a recent interview, Elon Musk warned that those who wish to see humanity thrive are in a fight against those with an “extinctionist” philosophy, environmental extremists who see humans as a “plague on the Earth.” Musk was […]
Futures Flat As European Stocks Stabilize
Futures Flat As European Stocks Stabilize Futures are flat to start the holiday-shortened week (markets are closed Wednesday for Juneteenth). As of 8:00am, S&P futures are unchanged just above 5500, while Nasdaq futures rose 0.2%; France’s CAC 40 benchmark erased most of its opening 1% advance and global stocks ceded most of their early gains […]
Vietnam Hit By Widespread Internet Disruption After Undersea Cables Fail
Vietnam Hit By Widespread Internet Disruption After Undersea Cables Fail Vietnam News Agency reports three of Vietnam’s five international undersea internet cables are down to start the week, sparking major internet outages. This is the country’s second major outage in just over a year. The Intra Asia (IA) cable had an incident on its S1 branch connecting to […]
How Does Crypto Perform In An Inflationary Recession
How Does Crypto Perform In An Inflationary Recession By Sebastian Bea of Coinbase Asset Management A pinch of paranoia is an essential ingredient in the risk management toolkit as markets hunt to humiliate hubris. Investors are tasked with monetizing megatrends. Macro risks are seen as a nuisance for growth-focused investment styles. But macro risks can […]
“It’s Just Not Right”: Major Venues Now Punishing People For Using Cash Vs. Plastic
“It’s Just Not Right”: Major Venues Now Punishing People For Using Cash Vs. Plastic Fans heading to Yankee Stadium hoping to pay in cash at the iconic ballpark for their favorite concessions have been thrown a curveball: go cashless or pay extra. As the Wall Street Journal reports, Noa Khamallah, a 41-year-old New Yorker, found […]