Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – After closing just over 1% lower on Tuesday gold has started the session 0.11% in the red. Silver is hovering
Month: June 2022
As this is revealed yet again, gold and silver prices will soar… by Craig Hemke via Sprott Money News Your Masters of The Universe at the Federal Reserve would like you to believe that they have inflation under control and they can solve the problem through a few hikes of the fed funds rate. This
What Is a Currency Reserve? A currency reserve is a currency that is held in large amounts by governments and other institutions as part of their foreign exchange reserves. These reserve currencies usually become the international pricing mechanisms for commodities traded on the global market such as oil, natural gas, gold, and silver, causing other
In this article MS Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the
The chief executive of Germany’s top asset management firm DWS Group has resigned hours after the company’s offices in Frankfurt were raided by police over allegations of greenwashing. DWS said in a statement on Wednesday morning that Asoka Wöhrmann, chief executive since late 2018, would step down as of June 10, the day after the
Good morning. Boris Johnson recently told the cabinet that its focus needed to be “crime, crime, crime”. Not committing it, you understand, but fighting it. In today’s newsletter, we talk about the consequences of the prime minister’s own fine, and examine one reason why crime is high on the UK political agenda again. On a
Jonathan Foster, CEO of Angeles Wealth Management, has gotten a lot of vendor pitches for private equity index funds lately. The Santa Monica-based RIA firm, part of Angeles Investments with $50 billion AUM, has deployed about $491 million to private equity managers and direct investments between 2016 and 2021. Those clients are mainly high net
Paramount (PARA) stock has been dragged down amid the broader sell-off in media and video-streaming names over the past few months, thanks to subscriber losses over at Netflix (NFLX). Undoubtedly, the weakness at Netflix has many investors and analysts second-guessing the streaming market and just how much one should pay for such exposure. The early
In this article YRI-CA GFI-ZA CSG.N-CH ULVR-GB SAN-FR 9866-HK Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $6.7 billion. Yamana Gold shareholders will receive 0.6 Gold Field shares for each share they
Sharing is Caring! by David Stockman on International Man: Recently, it was reported that US industrial production rose in April for a fourth consecutive month, and owing to a jump in auto assemblies was up 1.1% from March and 6.4% versus prior year. So the usual suspects were out beating the Wall Street tom-toms about
The Federal Reserve is starting the process of paring back its $9 trillion balance sheet that ballooned in recent years in a move called Quantitative Tightening (QT). Analysts from a crypto exchange and financial investment firm have conflicting opinions about whether QT, starting on June 1, will put an end to a decade of unprecedented growth
It seems that everyone is headed back to the Hawaiian Islands these days, meaning it’s more challenging than ever to stake out an oasis of calm — but our recent discovery of Timbers Kaua’i Ocean Club & Residences puts serene luxury back on the agenda, front and center. While I’ve long been aware of Timbers’
Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by Kazakhstan where he is accused of stealing money from an investor. Wex Executive Vasiliev Apprehended at the Airport in Zagreb Belarus-born Dmitry Vasiliev, former CEO
If the past trends of Bitcoin are to be considered, then Bitcoin easily trending upwards and is due for the $32.8k mark in the market. The crypto market is undoubtedly suffering from the bear market, as many altcoins have been affected, including the unprecedented tanking of the UST stable coin associated with Terra (LUNA). Cointelegraph
May was Older Americans Month and this year’s theme, “Age My Way!” highlighted a much needed takeaway by learning from older Americans what they wish they’d known to prepare for their post-work lives. First, 78% of those recently surveyed wish they had saved more. Many also regret not creating a plan for how they wanted
State budget negotiations in New Jersey are getting the benefit of tax revenue hauls in March and April that far outpaced expectations. Signs of robust economic recovery in New Jersey added an additional $4.5 billion in revenue to the state’s fiscal 2022 estimates, according to Gov. Phil Murphy’s office. “The rapid revenue recovery last year,
[embedded content] There is currently no guarantee of an imminent recession in the U.S., according to former Bank of Canada Governor Stephen Poloz. Speaking to Michelle Makori, Editor-in-Chief of Kitco News, Poloz said that there is still time to “normalize the economy.” “I certainly would agree that there’s a substantial window available still to avoid
How do the gold & silver charts look? Jordan Roy-Byrne with Jason Burack of Wall St For Main St Jason Burack of Wall St for Main St interviewed returning guest, the editor and publisher of TheDailyGold.com https://thedailygold.com/ and The Daily Gold Premium paid newsletter for junior mining stocks, Jordan Roy-Byrne. During this 30+ minute interview
After numerous steep climbs earlier in the month, with some banks and credit unions even increasing rates multiple times in the same week, certificate of deposit (CD) rates ended May in a much calmer pattern. Top rates this week vs. last Monday were flat except for increases among mid-term CDs. CD Term Last Week’s Top
Janet Yellen, the US Treasury secretary, conceded she was “wrong” last year about the threat posed by rising inflation, while insisting Joe Biden’s administration has quickly focused its attention on taming soaring prices. “I think I was wrong then about the path that inflation would take,” Yellen told CNN on Tuesday, in a rare admission
In 2020 and 2021, when the coronavirus pandemic forced much of the world’s population to spend more time at home, Chinese exports of laptops grew by double digits. The boom was one example of how China’s economy benefited from shifting global demand as governments around the world imposed Covid-19 restrictions, crippling spending on restaurants, travel
Why are we still so slow to use cryptocurrencies for payments? Part of the issue is security. Even though crypto is designed to be safe, secure and traceable, it also abandons much of what makes our payments system so reliable today. Christiaan Brand from Google and Cathy Beardsley from Segpay sit down with American Banker’s
Crocs (CROX) designs, markets, and manufactures casual lifestyle footwear and accessories for all. Crocs has been one of my favorite growth investments during the past couple of years, with the stock undergoing a spectacular transformation during the period. The company has been gaining increased consumer approval, with its previously “ugly” clog shoe penetrating the fashion
In this article VSCO AMBA HPQ CRM Salesforce Noam Galai | Getty Images Here are the stocks making notable moves in extended trading on Tuesday. Salesforce — Shares of the software giant rose 6% after Salesforce issued stronger-than-expected first-quarter results. The company reported 98 cents in adjusted earnings per share on $7.41 billion of revenue.
Sharing is Caring! by Chris Black I tend to agree with the big man on this issue. JOE BIDEN on Memorial Day: “Democracy has never been good.” pic.twitter.com/Sz9qA4pVZz — Benny Johnson (@bennyjohnson) May 30, 2022 That’s why the forefathers didn’t form one, genius. Help Support Independent Media, Please Donate or Subscribe: Trending: Views: 32