Precious metals are apparently waking up. And here is where you can find the best deals.
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Dell Technologies Inc is cutting about 6,650 jobs, or 5% of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession. The move on Monday aligns Dell with a raft of U.S. companies from Goldman Sachs Group Inc to Alphabet Inc that have laid off thousands this year to ride out a demand downturn wrought by high inflation...
Global shares slipped on Monday, after a run of upbeat economic data suggested interest rates will have to rise further and stay higher for longer, while a stronger dollar and political turbulence hit risk-linked assets.
Central banks closed out 2022 with reported net purchases of 28 tons of gold in December. Including large unreported purchases, this brought total central bank gold buying in 2022 to 1,136 tons. It was the highest level of net purchases on record dating back to 1950, and the 13th straight year of net central bank gold purchases.
With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as Peter Schiff pointed out during his podcast, Jerome Powell made several statements that indicate he doesn't really understand inflation. That raises a question. How can the Fed fight what it doesn't understand?
With the tremendous increase in Global LNG Supply over the past several years, countries have now become more critically dependent on natural gas than ever. When countries transition their economies and energy system to consume more LNG, any disruptions can cause Big Problems in the future...
By all measures, the latest job report absolutely blasted past expectations with one of the biggest upside surprises in recent memory. The current month came in at 517,000 jobs created. But even that massive figure was beaten by the latest Household Survey which showed 894k jobs created in January.
Gold could shine brightly, similar to 2008, where investors seek safe haven amid uncertain economic conditions.
Gold prices dropped over 2% on Friday to a more than three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates.
US Dollar To Weaken This Year, With Periods of Volatility and Bouts of StrengthFeb 3, 2023 - 12:42:14 PST
“The lion’s share of the tightening has now been completed by the Fed and there are elevated risks of recession as the impact of that tightening begins to play out this year. That is likely to mean the US Dollar weakens this year.”
The NFIB survey continues show real concerns about the economy in 2023 and suggests a recession is still coming.
The macroeconomic situation in Japan seems to be coming to a head.
After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime.
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 4.75 percent, an increase of 25 basis points.
More Recession Signs: Money Supply Growth Went Negative Again in DecemberFeb 3, 2023 - 11:55:13 PST
Money supply growth fell again in December, falling even further into negative territory after turning negative in November for the first time in twenty-eight years. December's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
Here are the major companies that laid off workers in recent weeks:...
Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.
And that, dear readers, is how you convert a 2.5 million plunge in jobs into a 517K, market blow-out 9-sigma payrolls beat, which moments ago allowed Biden to brag on TV just how strong his economy truly is...
Lavrov says idea will be discussed at upcoming summit this August in South Africa - Anadolu Agency
When unstable systems start to falter, the pace at which they unravel speeds up. Which is why we're bringing back James Rickards to the program today, even though he was last on just a few months ago.
“As BRICS, we will also build on our shared commitment to improving the lives and livelihoods of our people, of advancing the interests and developmental goals of the global South, and our founding vision of a more just, equitable and fair global political, economic, and financial landscape with increased representation and voice,” Pandor said.