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Food Supply Chains Are Stretched as Americans Head Back to Restaurants: WSJMay 21, 2021 - 07:31:11 PDT
Suppliers and logistics providers say distributors are facing shortages of everyday products like chicken parts, as well as difficulty in finding workers and surging transportation costs as companies effectively try to reverse the big changes in food services that came as coronavirus lockdowns spread across the U.S. last year.
IMF Urges $50 Billion Spending Commitment to Help End the Coronavirus PandemicMay 21, 2021 - 07:23:21 PDT
The IMF on Friday called for at least 40% of the global population to be vaccinated by the end of the year. Only about 9.5% of the global population has received at least one dose of a coronavirus vaccine so far, according to Our World in Data.
Most Homeowners Have Exited Mortgage Forbearance Programs—Those Who Are Left Are the Most VulnerableMay 21, 2021 - 07:18:44 PDT
About two-thirds of homeowners who signed up for some type of mortgage forbearance during the Covid-19 pandemic have exited the program as of March 2021.
So, last Monday was tax day.Ouch!I don't know about you, but I had to write a big check. But I took solace in the fact that I'm helping create a more civilized society!
April Existing Home Sales Drop, Marking Three Straight Months of DeclinesMay 21, 2021 - 07:11:40 PDT
Home sales in April dropped unexpectedly, as extremely low supply stands in the way of strong demand.
Following the surprisingly large surge in Services in April, May's preliminary PMIs were expected to fade only modestly from record highs. But, despite US macro data dropping into the red for the first time since June 2020, Services exploded even higher and Manufacturing rose to another new record high...
After last week's hotter than expected CPI data, gold sold off, following a pattern we've seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face the reality of inflation. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the big pivot. He also discusses some bullish fundamentals in the silver market.
Gold headed for a third straight weekly gain as the dollar continued to trend down, with investors weighing signs of inflation and economic recovery. Traders mostly shrugged off concerns over Federal Reserve minutes Wednesday that showed some policy makers are open to talking about tapering bond purchases, focusing instead on the U.S. central bank’s...
The dollar hit its lowest level in four months on Friday and was set to notch a modest weekly drop as traders’ concerns about taper talk in Federal Reserve minutes faded, though a pullback in commodity prices and nervousness about virus outbreaks kept losses in check.
Surging prices for economic building blocks have spurred debate over whether inflation is transitory or more lasting.
SocGen Says Bitcoin’s Place in a Portfolio ‘Remains Highly Contested,’ Gold Is a Better StabilizerMay 21, 2021 - 05:31:12 PDT
In a recent note, analysts at Societe Generale said the risks to bitcoin "remain on the downside" and explained why the cryptocurrency isn't the same as gold.
With cryptocurrencies in a near free fall, gold investors in China can breathe a sigh of relief as the price of the metal rises, and more Bitcoin investors are expected to shift to gold assets.
Bitcoin Hovers Above $40,000 After a Wild Week That Saw the Cryptocurrency Plunge 30% at One PointMay 21, 2021 - 05:24:01 PDT
Bitcoin's price hovered above the $40,000 level on Friday, as a comeback for the world's top cryptocurrency was checked by worries around regulation.
“Absolute Power” Over the Wealth and Income of Its Citizens Is the “Primary Driver” for ChinaMay 21, 2021 - 05:18:02 PDT
“The digital yuan is both programmable and trackable giving the Chinese government enormous control over the economy. Not only will Chinese policymakers know every consumer choice made in the economy, but they could also directly affect spending behavior by making the currency exportable by a certain date,” he wrote. China’s push for the digital yuan could drive up demand for cryptos, analyst says...
Climate Impact X is a joint venture from DBS Group, British bank Standard Chartered, Singapore state investor Temasek and market operator Singapore Exchange.
Treasury yields drifted lower early on Friday, with Markit's May purchasing managers' index due out later in the morning.
U.S. Proposes Global Minimum Corporate Tax Rate of 15%, With an Eye on Something Even HigherMay 21, 2021 - 05:13:06 PDT
Corporations around the world should pay at least a 15% tax on their earnings, the Treasury Department said Thursday in its push for a global minimum levy.
This is a must-see video presentation to explain why the so-called "High-Tech Exponential Age" will be a complete failure. The proponents of the Exponential Age do not base their economic science on energy, rather they value it on the massive increase in technological value. There CANNOT be economic growth...
Gold futures gave up early losses Thursday to finish with a modest gain, up a sixth straight session. "Vagueness on tapering" in the minutes from the Federal...
Cathie Wood, chief executive officer and chief investment officer at Ark Investment Management, says the correction in commodities prices is one sign that the U.S. economy is poised for a “massive" period of deflation. She speaks with Bloomberg's Carol Massar at The Bloomberg Businessweek event.