Futures Flat In Quiet End To Torrid Week
Futures Flat In Quiet End To Torrid Week US equity futures are flat to end a torrid week which saw all indexes hit a fresh all-time high while the terminally anachronistic Dow Jones briefly topped 40,000. Pre-market, MegaCap Tech are mixed: AMZN +20bp, MSFT +20bp, META -22bp, GOOGL -18bp. WMT is down 27bps pre-mkt, after […]
Former Greenlight Employee Offers To Debate David Einhorn Over Merits Of Tesla Short
Former Greenlight Employee Offers To Debate David Einhorn Over Merits Of Tesla Short A former Greenlight Capital employee, who is embroiled in a lawsuit against his former employer for defamation, claims the firm “fundamentally misunderestimates” Tesla and is seeking to debate Greenlight President David Einhorn on the topic. On a post on X, the employee, […]
Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The US
Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The US Authored by Michael Snyder via The Economic Collapse blog, I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United […]
PBOC Unveils $42 Billion Monetary Cannon To Boost Debt-Stricken Housing Market
PBOC Unveils $42 Billion Monetary Cannon To Boost Debt-Stricken Housing Market China’s struggling housing market is set to receive a boost from a new nationwide program funded by the People’s Bank of China to address oversupplied conditions. As a critical driver of the domestic economy, the nation’s housing market has been in a multi-year slump. This latest initiative […]
Watch: Chief Economic Adviser Refuses To Admit Biden Is Lying About Inflation
Watch: Chief Economic Adviser Refuses To Admit Biden Is Lying About Inflation Authored by Steve Watson via Modernity.news, Joe Biden’s chief economic advisor refused to admit Thursday that the president keeps telling a huge lie by claiming that inflation was at 9 percent when he took office when it was really at 1.4 percent and […]
China Pledges Response to Biden Administration’s Expanded Tariffs
China condemned the Biden administration’s decision to increase tariffs on various Chinese imports and vowed to take unspecified retaliatory actions. The new tariffs, ranging from 25% to 100% on items like semiconductors and electric vehicles, follow a review of tariffs initially imposed by former President Trump.
Take-Two Shares Drop After Grand Theft Auto VI Delayed Again
Take-Two Shares Drop After Grand Theft Auto VI Delayed Again Take-Two Interactive Software fell in premarket trading in New York after lowering its fiscal 2025 bookings forecast on Thursday evening and announcing a release date for Grand Theft Auto VI in the autumn of 2025. Some Wall Street desks viewed the release date as a “delay.” Take-Two […]
China’s Gold Market Thrives in April with Record ETF Inflows
In April, China’s gold market saw strong investment demand, with gold withdrawals from the Shanghai Gold Exchange rising to 131 tons. The Shanghai Gold Benchmark and LBMA Gold Price both increased, reflecting this momentum. Chinese gold ETFs experienced their largest-ever monthly inflow, and the People’s Bank of China announced its 18th consecutive month of gold […]
"AI-Fueled Equity Bubble" – Big Tech to Ignite Next Equity Market Surge
Amid improving economic indicators and anticipation of fewer Federal Reserve rate cuts, big tech companies, particularly those focused on AI, are expected to drive the next market surge. Nvidia, set to release earnings next week, is among the leaders in this trend. Capital Economics predicts that AI-driven optimism will propel tech stocks higher, despite recent […]
Is US Copper Sowing The Seeds Of Its Own Return To Earth?
Is US Copper Sowing The Seeds Of Its Own Return To Earth? Authored by Simon White, Bloomberg macro strategist, Copper’s recent rally has been most pronounced in the US, taking the futures curve there into extreme backwardation. That typically precedes a supply response and lower prices. Nonetheless, the long-term bullish case for copper is intact. Copper […]