A cargo container ship that’s among the largest in the world has turned sideways and blocked all traffic in Egypt’s Suez Canal, officials said Wednesday, threatening to disrupt a global shipping system already strained by the coronavirus pandemic.
U.S. Treasury yields continued to fall on Wednesday, with Fed Chair Jerome Powell set to make a second appearance in Congress later in the day.
The U.S. is recording at least 53,300 new Covid-19 cases and at least 940 virus-related deaths each day, based on a seven-day average calculated using JHU data.
The days of Energy Independence may be over for the United States as net oil imports rise as domestic production declines. Just a year ago, the U.S. oil industry produced over 13 million barrels per day of oil. However, due to the pandemic shutdowns, the peak of U.S. shale oil production has likely arrived...
Ready or not, a higher cost of living is dead ahead. Many things we buy are already more expensive—gasoline, computers, cars, and houses. And prices won’t cool off anytime soon, since manufacturers are reporting shortages of raw materials… shipping container costs have tripled over the last year… and many commodity price charts look like a Bitcoin chart.
Allegations of ongoing physical supply issues are reaching a crescendo this week as individual investors report difficulty in redemptions of unallocated silver positions from some major mints. In fact, even COMEX is significant demand for delivery with over 30 million ounces of silver having been withdrawn from their depository warehouse in the early part of 2021.
The government recently announced a new stimulus program that could equate to as much as 4 trillion dollars, what will this mean for gold, silver, and inflation? Join Mike Maloney and Jeff Clark as they analyze this situation and the latest news.
President Biden wants to raise taxes, but he wouldn't have to if the IRS could collect all the tax Americans already owe.
Executives at major Wall Street firms and other New York employers warned that increasing taxes as part of the state budget could lead high-income earners who left the state during the Covid-19 pandemic to never return.
U.S. stocks fell on Tuesday led by shares that benefit the most from the reopening, as rising new coronavirus cases fueled concerns about the global economic recovery.
The Federal Reserve has taken another step forward in efforts to ensure that the financial system is protected against climate risks.
Federal Reserve Chair Jerome Powell told U.S. lawmakers on Tuesday that a coming round of post-pandemic price hikes won't get out of hand and fuel a destructive breakout of persistent inflation.
Government and corporate bonds around the world have tumbled in their worst start to a year this century, as markets spooked by the prospect of resurgent inflation turn increasingly volatile.
Yes, The Federal Reserve is having its own WKRP Turkey Drop, except they are dropping piles cash. Powell: “As God is my witness, I thought M2 Money could fly.” Sorry Jerome, M2 Money ve…
Lawmakers have committed a total of $496B in funding for unemployment benefits, according to the nonpartisan Committee for a Responsible Federal Budget
A group of House Democrats is pushing for answers on reported delays in the delivery of the third round of stimulus checks to Americans who are not required to file tax returns – including some veterans and Social Security beneficiaries.
The Federal Reserve is barely challenged in the court of public opinion. The latest Summary of Economic Projections, which the Federal Reserve Board members as well as the bank presidents, published last week, illustrates how a handful of central planners influence the world.
After all the destructive policies we have seen coming out of the Eccles Building, it may be time to ask Fed Chairman Jerome Powell, "Do you even know what the economy is?"
The national eviction ban is set to expire at the end of March. The Centers for Disease Control and Prevention may be moving to extend the protection.
March 23, 2020. The day of the bottom and markets never looked back a few intermittent corrections aside. Central bankers have done it again: Print the world out of another crisis and they are bask…