China also seems to have a military agenda in the Caribbean region... Chinese Defense Minister Wei Fenghe already is on record expressing China's willingness to deepen military cooperation with Caribbean countries. Of more concern to US security...
The Trump administration acknowledged reports on Sunday that a group backed by a foreign government carried out a cyberattack on the U.S. Treasury Department and a section of the U.S. Department of Commerce.
The FDA just cleared the first Covid vaccine for emergency use. Within hours, FedEx and UPS will begin shipping 2.9 million doses across the country.
The FDA just cleared the first Covid vaccine for emergency use. Within hours, FedEx and UPS will begin shipping 2.9 million doses across the country.
The peak of the U.S. Oil Refining Industry has finally arrived. After more than a century of expanding U.S. refining capacity, we are now witnessing a contraction that will turn into a steady disintegration over the next several decades. More than a half-dozen U.S. refineries have announced closures...
The US government kicked off fiscal 2021 with the biggest October deficit in history. But with the first of November falling on a weekend, some November spending got shifted into October, inflating that month’s deficit. Now that we have the November monthly Treasury Statement, we have a better sense of how big deficits are running in the new fiscal year.In two words — really big.
There were two big IPOs last week - DoorDash and Airbnb. Both companies raised over $3.5 billion in their public offerings. In his podcast, Peter Schiff talked about the IPO frenzy. He argues that it has very little to do with funding great business ventures. It's more about making a quick buck in a market juiced by easy money from the Federal Reserve.
While the top two silver mining countries in the world have ramped up production since the pandemic lockdowns, Peru is still struggling to get to full capacity. Also, Mexico's silver production in September is still less than it was last year. Because Mexico and Peru account for nearly 40% of...
How did we get here? Here is the full breakdown courtesy of Hartnett:...
Industrial metals, the best-performing commodities sector over the past six months, look set to extend their surge into 2021 as a China-led global economic recovery, a weak U.S. dollar and potential supply disruptions continue to lend support.
Monetary policy and inflation are at a historic juncture. Our Federal Reserve Chair, Jerome Powell, and his dovish regime have made a groundbreaking promise to let inflation ride past its 2% target level, justifying the action with the low level of 'average inflation' we've seen since the last financial crisis.
Here’s everything the Federal Reserve could do at its policy meeting next week.
At least 75 senators voted for the sweeping $740 billion annual defense bill, a number larger than the two-thirds majority that would be needed to defeat Trump's promised veto.
New York is falling further down the economic rat hole. Governor Andrew Cuomo's solution is the same as ever, raise taxes.
In Europe, investors like Alessandro Tentori are starting to say their goodbyes to the region’s bond market, worried that soon there may not be any place left for them. Collapsing trading volumes are a worrying sign for the market’s future...
Stocks are near record highs, with the market trading at levels last reached during the 1999-2000 tech bubble and just before the historic 1929 crash. And yet investors seem unconcerned.
Boris Johnson urges Brussels to make a "big change" as the deadline set by the two sides approaches.
The one-week funding extension heads to President Donald Trump's desk as Congress scrambles to reach government funding and Covid relief deals.
U.S. inflation readings are almost certainly heading higher next year. The trick will be figuring out whether they are signal or noise.
The fear of inflation in the U.S. is palpable.Last week, former Federal Reserve Bank of New York President Bill Dudley gave five reasons to worry about faster price growth in the U.S.
Ray Dalio, the founder of Bridgewater Associates, cautioned this week that a “flood of money” was unlikely to recede. Jeffrey Gundlach, DoubleLine Capital’s chief investment officer, said in a webcast that inflation is headed to the 2.25% range in 2021 and could reach 2.4%. Others think it could go even higher.