Education Department Cancels Another $4.2 Billion In Student Loan Debt
Education Department Cancels Another $4.2 Billion In Student Loan Debt Authored by Bill Pan via The Epoch Times (emphasis ours), In the final days of his term, President Joe Biden announced the cancellation of federal student loan debt for more than 150,000 more borrowers. US President Joe Biden speaks about student loan relief at Madison […]
Goldman Doubles Q4 Profits as Strategy Shift Pays Off
Goldman Sachs doubled its fourth-quarter profits to $4.1 billion, driven by record equity trading performance and strong investment banking results. The bank’s shares rose 2% as it exceeded most targets, with revenue reaching $13.87 billion and return on equity jumping to 14.6%. The successful quarter caps a year that saw Goldman’s stock rise 48%, making […]
Gold Prices Rise as Markets Eye Critical U.S. Inflation Report
Gold prices gained momentum as both the U.S. dollar index and Treasury yields retreated, with spot prices rising 0.4% to $2,687.59 per ounce and futures climbing over 1% to $2,710.00. Markets are particularly focused on upcoming CPI data, expected to show annual inflation increasing to 2.9% from November’s 2.7%. According to Saxo Bank’s Ole Hansen, […]
Gold Rallies 1.1% on Inflation Data; Analysts Eye $3,000 Target
Gold futures advanced 1.1% to $2,711.90 per troy ounce, building on momentum from Tuesday’s soft PPI data and benefiting from dollar weakness. The December CPI reading of 2.9%, up from November’s 2.7%, aligned with market expectations and moderately strengthened the case for Federal Reserve monetary easing. While this development enhanced the appeal of non-interest-bearing bullion, […]
2025: The Year The Federal Debt Bubble Bursts
2025: The Year The Federal Debt Bubble Bursts Authored by Nick Giambruno via InternationalMan.com, I expect 2025 to be a year of profound transformation, where old paradigms are rendered obsolete. While nothing is certain, I think we can count on radical changes in 2025. Navigating new paradigms in finance, geopolitics, and energy will be crucial […]
American Airlines Mismanaged Employees’ Retirement Funds By Investing In ESG, Court Rules
American Airlines Mismanaged Employees’ Retirement Funds By Investing In ESG, Court Rules Authored by Naveen Athrappully via The Epoch Times (emphasis ours), A district court has ruled that American Airlines failed to prioritize the financial interests of its employees’ retirement funds by enabling fund managers to pursue environmental, social, and governance (ESG) investments. An American […]
Gold Strengthens as Markets Weigh Trump Policy Impact
Gold prices are showing strength, rising 0.3% to $2,668.79 per ounce, driven by a combination of a weakening dollar and strategic responses to the incoming Trump administration’s trade policies. The market’s positive reaction stems from reports suggesting a gradual approach to implementing new tariffs, which could help manage inflationary pressures. This development has led to […]
Currency Markets Brace for US Inflation Data as Dollar Surges
The dollar’s strength continues to dominate currency markets, approaching its highest levels in more than two years as investors reassess Federal Reserve rate cut expectations. Following strong jobs data, markets have significantly scaled back predictions for monetary easing in 2024, now anticipating only 28 basis points of cuts compared to the Fed’s December projection of […]
Barrick Halts Mali Gold Mining as Government Seizes Stockpiles
Barrick Gold Corp., the world’s second-largest gold producer, has been forced to suspend operations at its vital Loulo-Gounkoto complex in Mali, marking a critical escalation in an ongoing dispute with the country’s military government. The shutdown comes after Malian authorities began seizing stored gold and blocking exports since November, while also issuing an arrest warrant […]
Texas Sues Allstate For Secretly Tracking Drivers Through Apps, Using Data To Raise Rates
Texas Sues Allstate For Secretly Tracking Drivers Through Apps, Using Data To Raise Rates The state of Texas has sued Allstate and a subsidiary, Arity, accusing the insurance giant of illegally tracking drivers through cell phone apps without their consent and then using the data to charge more for car insurance. Photo: Smith Collection/Gado/Getty Images […]