Rising Economic Activity Challenges Central Bank Rate Cut Plans
Global business activity improved this month, especially in parts of Asia and Europe, which may delay central banks’ plans to cut interest rates. Borrowing costs had been raised post-COVID to tackle inflation, and there’s now speculation about when and how much they might be reduced. Politicians, facing upcoming elections in India, the US, and the […]
US Jobless Claims Decline Again, Signaling Labor Market Strength
The number of Americans filing for unemployment benefits decreased last week, indicating a strong labor market that continues to bolster the economy. This marks the second consecutive weekly decline, reversing most of the earlier increase this month. Despite slower job growth due to past Federal Reserve rate hikes, layoffs remain low. Initial claims fell by […]
Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight
As the Federal Reserve approaches the end of its inflation-fighting efforts, a key question arises: will prices for goods continue to drop? Significant declines in prices for items like apparel and used cars helped reduce inflation faster than expected in late 2023, but the pace has slowed in early 2024, leading to higher inflation readings. […]
Hawkish Fed Minutes Hammer Stocks, Bonds, Gold, & Oil
Hawkish Fed Minutes Hammer Stocks, Bonds, Gold, & Oil An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the FOMC Minutes that sparked the waterfall with their more hawkish comments. For any and […]
There Sure Has Been A Lot Of “International Intrigue” Lately…
There Sure Has Been A Lot Of “International Intrigue” Lately… Authored by Michael Snyder via The End of The American Dream blog, World leaders have been targeted quite frequently this month, and that should deeply alarm all of us. I think that all of this geopolitical instability is a sign that there is far more […]
Nvidia Explodes Higher After Blowing Away Estimates, Guiding Sharply Higher, Unveils 10:1 Stock Split
Nvidia Explodes Higher After Blowing Away Estimates, Guiding Sharply Higher, Unveils 10:1 Stock Split As discussed in our preview, Nvidia has been called the mother of all earnings — the “single most important stock on the planet” according to Goldman – and for good reason: it accounts for 5% of the S&P. This morning, Mizuho’s […]
Biden Cancels Another $7.7 Billion In Student Debt For 160,000 Borrowers
Biden Cancels Another $7.7 Billion In Student Debt For 160,000 Borrowers Authored by Naveen Athrappully via The Epoch Times, President Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts, taking the total amount of such loans canceled under his administration to $167 billion. “Today, my Administration is canceling student […]
China’s Stock Rally Still Misses One Crucial Piece
China’s Stock Rally Still Misses One Crucial Piece By Henry Ren, Bloomberg markets live reporter and strategist Chinese stocks have rebounded yet local retail traders are still holding back. That’s bad news for a rally that’s looking increasingly stretched. In Hong Kong, aggressive buying by foreign funds has lifted the Hang Seng Index by 18% since the […]
Bankrupt Red Lobster Proves “All You Can Eat” In An Obese Country Isn’t A Good Idea
Bankrupt Red Lobster Proves “All You Can Eat” In An Obese Country Isn’t A Good Idea Red Lobster’s bankruptcy report is revealing details about how the chain, famous for trying to turn a profit selling “all you can eat” shrimp to a country that has gotten so fat it needs to occupy two seats on […]
Japanese Stocks Propped By Record Buybacks
Japanese Stocks Propped By Record Buybacks By Momoka Yokohama, Bloomberg markets live reporter and strategist Japan is seeing a record run of stock buybacks that’s supporting investor sentiment after a stalled rally, and accelerated repurchases ahead of upcoming shareholder meetings may provide a fresh tailwind for the market. Topix-listed companies announced a combined ¥6.3 trillion ($40 billion) […]