Precious metals news

Oil prices plunged on the back of the discovery of a new Covid variant, but Omicron isn’t the only bearish factor in today’s oil markets The resurgence of tensions between China and the U.S. could well spark another trade war between the two superpowers. A strong U.S. dollar and rising inflation will also play a role in pushing oil prices down even if Omicron fears subside.

From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record.

Christopher Merrill sat down with Leslie Picker to discuss how his strategy has endured over the years and why he thinks inflation may linger for a decade. 

In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect.

But alas, humans do not possess god-like powers, they only possess hubris, and so all bubbles pop: the more extreme the bubble, the more devastating the pop.

Inflation isn't slowing down. It's picking up speed again.

In some cities, prices out-spiked even the craziness at the apex of Housing Bubble 1 before it fell apart. In others, the heat is getting dialed down.

The Commerce Department announced it will double the average tariff on Canadian softwood lumber to 17.9% from 8.99%.

Select Language Citizens Continue to Exit High-Tax U.S. States . By Andrew Wilford December 01, 2021 Citizens Continue to Exit High-Tax U.S. States (Hoang 'Leon' Nguyen/The Republican via AP) If you’re still wondering why raising the cap on the State and Local Tax (SALT) deduction was important enough to Democrats to sacrifice their stated principles and resort to brazen gimmicks in order to fit it into the reconciliation bill, look no further than the latest release of the IRS’s tax migration data, covering tax years 2018-2019. The data shows that certain states continue to alienate their own tax bases with punitively high taxes and uncompetitive business tax environments. High-tax states are losing taxpayers at an alarming rate, while states that tax their residents less aggressively are benefiting from their fellow states’ loss.

Conservative Republicans in the House and Senate are planning to force a government shutdown Friday to deny funding needed to enforce the Biden administration's vaccine mandates on the private sector, according to Politico.

The pickup in inflation rates around the world will be longer-lasting and sharper than previously anticipated, with a growing risk that households and businesses grow accustomed to faster price rises, the research group said in its latest forecasts.

A rise in inflationary pressures around the world may be longer-lasting than previously anticipated, posing a fresh risk to the global economic recovery from the coronavirus pandemic, the Organisation for Economic Cooperation and Development said Wednesday.

Biden’s presidency is already failing. Build Back Better wouldn’t help. One of the strangest ticks of left-leaning punditry over the last year has been the contention that if Democrats in Congress didn’t join together to pass some sort of climate and social spending bill—the various multi-trillion-dollar reconciliation packages that have gone under the label Build Back Better...

October and November have seen US macro-economic data surprise to the upside (admittedly from a depressingly low level overshoot), and flash PMI signaled an uptick in Manufacturing earlier in the month, but that was the end of the good news.

Uncertainty has shrouded a potential meeting between President Biden and President Putin as fears mount that Russia could be preparing to invade Ukraine.

Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell head back to Capitol Hill on Wednesday for their second day of testimony on the CARES Act.

Oil prices could move "a lot higher" and hit $150 when the world fully reopens, says Christopher Wood from Jefferies.

Gold rebounded from a three-week low as traders weighed the spread of the omicron coronavirus variant against comments by Federal Reserve Chair Jerome Powell on the need to curb inflation.

The United States and China are engaged in an arms race to develop the most lethal hypersonic weapons, the U.S. Air Force secretary said on Tuesday, as Beijing and Washington build and test more and more of the high-speed next-generation arms.

Former Japanese Prime Minister Shinzo Abe said China should be aware that any crisis with Taiwan would pull in Japan and its ally the U.S., warning of the disastrous effect on the economy of any military action.