Futures Flat As Investors Wait For Nvidia Earnings; Ethereum Soars
Futures Flat As Investors Wait For Nvidia Earnings; Ethereum Soars US futures are flat, reversing earlier losses, with European bourses and Asian markets all lower as the international risk-off tone carries over to the US pre-mkt, likely driven by a desire to see the NVDA print before determining near-term direction. Until then, markets are hunting […]
The Argument Against Michael Saylor
The Argument Against Michael Saylor Submitted by QTR’s Fringe Finance Today, with his permission, I’m happy to offer up the latest thoughts from my friend Anton Wahlman, whose takes I don’t always agree with — but are always worth considering. Anton is a brilliant analyst and has, many times in the past, help me see “blind spots” […]
Klaus Schwab Steps Down As World Economic Forum Executive Chairman
Klaus Schwab Steps Down As World Economic Forum Executive Chairman ‘You’ll own nothing in retirement and be happy’… Wit the organization he founded 50 years ago bringing in nearly $500 million in revenue in the year ending March 2023 (and sitting on a neat pile of 200 million Swiss francs cash), Klaus Schwab will own […]
“Are You Staring Me Down?”: Judge Merchan Becomes An Oddity In His Own Courtroom
“Are You Staring Me Down?”: Judge Merchan Becomes An Oddity In His Own Courtroom Authored by Jonathan Turley, Below is my column in the New York Post on the meltdown of Michael Cohen on the stand in the Manhattan trial of former President Donald Trump. In a trial careening out of control, Judge Juan Merchan […]
Target Slashes Prices on 5,000 Items to Woo Inflation-Wary Shoppers
Target is reducing prices on over 5,000 items, including household staples and name brands, to attract shoppers deterred by inflation. Starting immediately, cuts on more than 1,500 items are in effect, with more reductions throughout the summer, saving consumers millions. This move follows similar actions by other retailers like Ikea and Aldi, as inflation has […]
Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates
Federal Reserve Governor Christopher Waller stated that while recent data indicates inflation is easing and further interest rate hikes may not be needed, he requires several months of positive inflation data before supporting any rate cuts. Speaking at the Peterson Institute for International Economics, Waller noted the impact of higher rates on reducing demand and […]
Oil Prices Slide as Fed Signals Longer High Rate Environment
Oil prices dropped by more than $1 on Tuesday as concerns over prolonged high U.S. interest rates, driven by persistent inflation, led to fears of weakened consumer and industrial demand. Brent crude fell to $82.17 a barrel, and U.S. West Texas Intermediate (WTI) slipped to $78.31 for June. The more active July contract also decreased. […]
Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers
The recent rally in gold prices has puzzled wealth managers due to its disconnect from the typically correlated US dollar and inflation-adjusted US Treasury yields. A significant factor behind this anomaly is the unprecedented rate at which central banks have been increasing their gold reserves since early 2022 to mitigate the risk of western sanctions. […]
High Food Prices Push Americans into Debt for Essentials like Groceries
Amid ongoing high food prices, many Americans are accumulating debt to afford groceries. Elevated costs have led families to use savings, credit cards, buy now, pay later programs, or payday loans, as highlighted by new Urban Institute research. Although these methods provide immediate relief, they can cause financial instability. Kassandra Martinchek from the Urban Institute […]
Biden Administration Blames GOP for Blocking Inflation-Fighting Measures
The Biden administration released a memo outlining its efforts to combat inflation and blaming Republicans for hindering these actions. The memo emphasizes President Biden’s focus on reducing costs and fighting corporate price gouging, despite inflation still being a concern. It highlights that while the economy and labor market are strong, Biden struggles to receive credit […]