German Defense Chief Calls For War Readiness By Decade’s End
German Defense Chief Calls For War Readiness By Decade’s End We recently outlined how conscription is coming back to Europe, amid breathless calls from NATO officials for Western publics to ‘prepare’ for the possibility of war with Russia. While Germany abolished conscription in 2011, some Berlin officials are calling for the system to be gradually […]
Oil Prices Trim Gains as U.S. Jobs Data Delays Rate Cut Expectations
Oil prices trimmed gains on Friday due to heightened demand concerns after stronger-than-expected U.S. jobs data diminished hopes for an imminent Federal Reserve rate cut. Brent crude rose by 12 cents to $79.99 a barrel, and U.S. West Texas Intermediate increased by 28 cents to $75.83. The robust jobs report suggests that rate cuts may […]
U.S. Job Growth Surpasses Expectations with 272,000 New Jobs in May
In May, the U.S. added 272,000 jobs, significantly surpassing expectations of 190,000 and the previous month’s 165,000. Despite the job growth, the unemployment rate rose to 4%, the highest since January 2022. Job gains were primarily in health care, government, and leisure and hospitality. Average hourly earnings also increased by 0.4% for the month and […]
India Ranks Third in Gold Purchases as Global ETFs Recover
In May, the global gold market rebounded with gold ETFs ending a 12-month slump, driven by strong demand in Europe and Asia. Global gold ETF holdings rose to 3,088 tonnes, with assets under management reaching $234 billion, a 2% increase. India emerged as the third-largest gold buyer, purchasing $86.5 million worth. European and Asian gold […]
Israeli Government Funded Covert Influence Campaign Targeting US Lawmakers: NYT
Israeli Government Funded Covert Influence Campaign Targeting US Lawmakers: NYT Authored by Edward Carver via Common Dreams, Israel’s Ministry of Diaspora Affairs organized and paid for a digital campaign to influence US lawmakers, especially Democrats who are Black, The New York Times reported on Wednesday. The ministry allotted $2 million to the operation in October and hired Stoic, […]
Biden’s Top Antitrust Enforcer To ‘Urgently’ Scrutinize AI Sector For Monopoly Risks
Biden’s Top Antitrust Enforcer To ‘Urgently’ Scrutinize AI Sector For Monopoly Risks The top US anti-trust enforcer warned in an interview with the Financial Times about the “monopoly choke points and the competitive landscape” in the artificial intelligence space. He pointed out critical areas of concern, ranging from computing power and the data needed to train […]
Political Uncertainty Drives Britons to Gold, Reports Royal Mint
Following the announcement of the general election on July 4th by Prime Minister Rishi Sunak, The Royal Mint has reported a significant increase in gold sales. Investors, seeking a safe haven during political uncertainty, have caused gold purchases to rise by 117% and spending on bullion to jump by 145%. Notably, 10% of recent buyers […]
ALERT: Does This Map Signal the Beginning of Nuclear Conflict?
Are we on the brink of a nuclear conflict? In this critical video, Mike Maloney dives deep into the escalating tensions between Russia and NATO
Payrolls Instant Reaction: A Schizophrenic Report
Payrolls Instant Reaction: A Schizophrenic Report By Peter Tchir of Academy Securities It Was the Best of Times, It Was the Worst of Times Why do we both having both an establishment survey and household survey if we cherry pick the data to look at? The headline number was simply awesome. 272k jobs, 229k in […]
May Payrolls Soar 272K, Above Highest Estimate, As Wages Come In Red Hot
May Payrolls Soar 272K, Above Highest Estimate, As Wages Come In Red Hot Ahead of the payrolls report, we commented that with both of the two largest banks – Goldman and JPMorgan – expecting a miss, it was only logical to expect a big beat… Goldman (165K) and JPM (150k) are below the median NPF […]