Key Events This Quiet Week: Nvidia Earnings, FOMC Minutes, And Tons Of Fed Speakers
Key Events This Quiet Week: Nvidia Earnings, FOMC Minutes, And Tons Of Fed Speakers After last week’s non-stop rollercoaster, it will be a quieter week ahead for global macro with perhaps the most interesting event of the week being Nvidia’s earnings on Wednesday. The company always reports a couple of weeks after the main stretch […]
Fearing AI ‘Take Over’, ‘Godfather Of AI’ Advises UK Govt To Start UBI
Fearing AI ‘Take Over’, ‘Godfather Of AI’ Advises UK Govt To Start UBI Authored by Tristan Greene via CoinTelegraph.com, Geoffrey Hinton, a world-renowned artificial intelligence (AI) expert often referred to as the “Godfather of AI,” recently consulted with members of the United Kingdom’s government at Downing Street, where he advised lawmakers to consider adopting a […]
Graduates At All-Black Morehouse College Turn Back On Biden During Commencement Speech, Refuse To Applaud
Graduates At All-Black Morehouse College Turn Back On Biden During Commencement Speech, Refuse To Applaud Authored by Mike Shedlock via MishTalk.com, Hoot of the day: The Democratic Republic of the Congo flag was behind Biden for the duration of his speech. The Wall Street Journal reports Biden Renews Call for Gaza Cease-Fire at Morehouse Commencement “I […]
Gold Surges to New High Amid Rising Haven Demand
Gold surged to a record high of $2,450.07 an ounce, driven by rising expectations that the Federal Reserve will cut interest rates this year and by increasing geopolitical tensions in the Middle East. The recent decline in the US dollar and lower Treasury yields, following better-than-expected inflation data, also supported the precious metal’s rise.
Apple Cuts iPhone 15 Prices In China By 20% As Demand Wanes
Apple Cuts iPhone 15 Prices In China By 20% As Demand Wanes Apple is offering steep iPhone discounts on several major e-commerce websites in mainland China to boost demand amid declining market share and waning interest as domestic brands make a strong comeback. The South China Morning Post reports that the top-of-the-line 256-gigabyte iPhone 15 Pro Max […]
Fed's Barr: Disappointing Inflation Data Delays Rate Cuts
Fed Vice Chair Michael Barr expressed disappointment with the inflation data for early 2024, indicating that the central bank lacks sufficient evidence to ease monetary policy. He emphasized the need for more time under current restrictive policies to achieve the Fed’s 2% inflation target. The Personal Consumption Expenditures price index, the Fed’s preferred inflation measure, […]
Strategists See Best of 2024 in Rearview Mirror
Strategists See Best of 2024 in Rearview Mirror By Michael Msika, Bloomberg Markets Live reporter and startegist The outlook for the economy and corporate profits may be improving, but that’s not enough to make strategists significantly more bullish for the rest of the year. That’s the takeaway from our monthly survey, which show European stocks […]
Iran Announces Interim President After Raisi’s Helicopter “Hit A Mountain & Disintegrated”
Iran Announces Interim President After Raisi’s Helicopter “Hit A Mountain & Disintegrated” Following Tehran’s early Monday confirmation of the deaths of Iranian President Ebrahim Raisi, 63, along with Foreign Minister Hossein Amir-Abdollahian, and other officials after their helicopter went down over mountainous terrain near the border with Azerbaijan, Iran’s supreme leader Ayatollah Ali Khamenei has named a new acting […]
Watch: Biden Thinks He Was VP During The Pandemic
Watch: Biden Thinks He Was VP During The Pandemic Authored by Steve Watson via Modernity.news, Joe Biden seems to believe that he was the vice president of the United States during the COVID pandemic in 2020. Yes, really. During a speech at the NAACP Freedom Fund Dinner in Detroit, Michigan Sunday, Biden declared “When I […]
Assange Wins High Court Victory In Temporary Reprieve From Extradition To US
Assange Wins High Court Victory In Temporary Reprieve From Extradition To US The High Court in London ruled Monday that WikiLeaks founder Julian Assange can appeal his extradition to the US. Given it was essentially his ‘last chance’ to mount a final challenge before he could have been handed over the US custody and on […]