Oil Prices Rebound Ahead of Key Industry Reports and Fed Decision
Oil prices rose after last week’s decline, with Brent crude surpassing $80 a barrel as traders anticipate key industry reports and a Federal Reserve decision on interest rates. Prices had fallen following OPEC+ plans to increase output later this year, leading to a significant drop in bullish bets on oil. Upcoming reports from OPEC and […]
Disinformation Allegations Fly At Harvard’s Disinformation Center
Disinformation Allegations Fly At Harvard’s Disinformation Center Authored by Jonathan Turley, For years, free speech advocates (including myself) have criticized the new rationalization for censorship in the cause of combating disinformation, misinformation, and malinformation. As discussed in my new book, The Indispensable Right: Free Speech in an Age of Rage, there is a burgeoning cottage […]
Key Events This Week: Fed, CPI and PPI
Key Events This Week: Fed, CPI and PPI With the (ridiculously manipulated propaganda) jobs report now in the history books, this week the whole financial world will be focused on Wednesday with two big events occurring: the latest FOMC and CPI (with PPI to follow on day later). Below, DB’s Jim Reid previews the first […]
Shelter and Services Costs Key Focus in Upcoming May CPI Report
The upcoming May Consumer Price Index (CPI) report is anticipated to show lower headline inflation, primarily due to cooling energy prices, but core inflation is expected to remain elevated. The Federal Reserve is likely to maintain interest rates in June, waiting for more supportive data before considering cuts later in the year. The May CPI […]
Goldman Agrees With Trump That Biden’s Executive Order To Stop The Invasion Is BS
Goldman Agrees With Trump That Biden’s Executive Order To Stop The Invasion Is BS Last week was quite surreal, even by senile Joe’s standards. Shortly after confirming that the president who is now imploding in the polls could, in fact, act on border security and the illegal alien invasion on the southern border without Congress, […]
Recession Mentions in Earnings Calls Fall as Economic Outlook Improves
Concerns about a recession among executives have significantly diminished. A FactSet analysis revealed that mentions of “recession” during S&P 500 earnings calls have dropped to their lowest level since late 2021. Only 29 companies mentioned the term recently, reflecting reduced anxiety compared to the past five and ten years. This decline in recession talk follows […]
Inflation's Persistence Creates Dilemma for Federal Reserve
Americans’ intense dislike for inflation poses a significant challenge for the Federal Reserve. Despite improvements, inflation remains above the Fed’s 2% target, with April’s rate at 2.7%. This situation complicates the Fed’s decision-making, as policymakers are expected to keep interest rates steady at their highest level in over two decades. Pre-pandemic, some economists argued for […]
Banking Crisis, Stage Two
Banking Crisis, Stage Two Authored by James Rickards via DailyReckoning.com, I’m sure you recall the banking crisis of March to May 2023. It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. […]
Gold Prices Steady After Major Sell-Off Amid China and U.S. Economic News
Gold prices remained steady on Monday after experiencing the largest drop in three and a half years on Friday due to China’s central bank halting its gold purchases and a strong U.S. jobs report diminishing hopes of an imminent interest rate cut. Spot gold was stable at $2,296.17 per ounce, while U.S. gold futures dipped […]
“Breath Of Fresh Air”: Southwest Shares Jump After Report Of Elliott Investment Stake
“Breath Of Fresh Air”: Southwest Shares Jump After Report Of Elliott Investment Stake Southwest Airlines jumped in premarket trading in New York after the Wall Street Journal reported that activist investor Elliot Management had acquired a $2 billion stake in the budget airliner and planned to speak with management about ushering in a new era of change. The activist hedge […]