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Oil prices climbed, fortified by a weaker dollar and decreasing stockpiles in the US, while China is pressing on with its easing of Covid-19 restrictions.
Crude oil prices were rising for the fourth day in a row today, pushed higher by colder weather in the United States in what has been described as a once-in-a-generation storm.
The U.S. energy grid is already struggling to meet demand during peak hours, but the transition to more renewable energy and an increase in demand could cause shortages for years to come.
King Dollar Is Facing a Revolt: Suddenly Everyone Is Hunting for Alternatives to the US DollarDec 22, 2022 - 05:25:58 PST
Tired of a too-strong and newly weaponized greenback, some of the world’s biggest economies are exploring ways to circumvent the US currency.
China’s reopening is disrupting energy markets as the abrupt shift from Covid Zero shutters industry and upends the usual flow of commodities.
Emerging Asia bonds have room to race ahead as central banks in the region look to have hit a rate-hike peak.
‘We Have More Work to Do’: The Complete Story Behind the Fed’s Historic Shift in 2022Dec 22, 2022 - 05:22:47 PST
It was a historic year for the Federal Reserve that saw the central bank raise rates at the fastest pace since the 1980s to tame stubborn inflation that reached a four-decade high.
A short-lived bounce for global stocks faded on Thursday, as easing U.S. inflation expectations were overshadowed by fears about an economic downturn.
The Federal Reserve would like you to think that it is scientifically guiding the economy with carefully calculated monetary policy.The truth is the Fed is making things up as it goes along.
Existing Home Sales Fall for 10th Straight Month as Housing Bubble Continues to DeflateDecember 22, 2022
The US housing bubble continues to lose air at a rapid rate. Existing home sales fell for the 10th straight month in November. This stretch of declining home sales is longer than the housing bust preceding the 2008 financial crisis.
Bullion Star researcher Ronan Manly reports today that the SPDR Gold Trust, the exchange-traded fund better known as GLD, and its sponsor, the World Gold Council, are obscuring data in GLD's financial reports in violation of U.S. Securities and Exchange Commission rules, making it impossible for the public and investors to determine how much GLD gold is going into and out of the vaults of the Bank of England, a subcustodian of the fund's metal.
The 2021-2025 war cycle requires investors to focus their attention on the US dollar and gold.
The Treasury Department’s top official for financial markets and stability expressed little urgency over the federal government’s need to prepare for the potential launch of a digital US dollar.
The vice chairman of S&P Global believes that oil prices could hit $121 if China gets over Covid, although his base case for 2023 is $90. There remains a downside risk in oil markets of a global recession, with S&P Global seeing oil prices falling to around $70 in its most bearish scenario.
The cost of fossil fuel extraction is on the rise, highlighting a cold hard truth that the global economy is struggling to deal with...
Super Rich New Yorkers — Including Billionaire Carl Icahn — Are Fleeing the Big Apple in DrovesDec 21, 2022 - 12:32:32 PST
These snowbirds are heading south for the winter. And staying put. So where are these folks moving? Florida No state attracted more high-earning households than the Sunshine State.
Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley’s Jim Caron.
Dow Surges 500 Points, Led by Nike, on Hope Earnings Will Be Better Than FearedDec 21, 2022 - 12:17:35 PST
Stocks rose after earnings reports from two bellwethers raised hopes that corporate earnings may be better than feared even with a potential looming recession.
State governments are trying to beef up their energy-assistance programs as rising heat costs strain more residents across the U.S. this winter.
In a recent San Francisco Federal Reserve Publication titled “Monetary Policy Stance is Tighter Than Fed Funds Rate,” the authors argue that the “all in” policy rate is actually higher than the Fed Funds rate would suggest. They open:..