The S&P 500 moved to within a smidgen of a new record high earlier this week. Based on this benchmark stock market index’s recent performance, all seems well and good for risk assets.
Underneath the surface, however, warning signs are flashing for investors in financial markets.
Over the past several weeks,...
(Keith Weiner, Money Metals News Service) According to the US Treasury, the federal government owes $28.2 trillion. It crossed the “28” threshold on the last day of March. The debt was just under $25 trillion at the end of April a year ago. There’s no question it’s growing at a...
Inflation continued to rise sharply in May across many key components, with the Consumer Price Index increasing 0.6% in May according to the Bureau of Labor Statistics report released today.
BREAKING! US Headline #Inflation rose to 5.0% in May, beating expectations. Core #CPI up to a whopping 3.8%, highest since...
(Headline USA) The sponsor of the Keystone XL crude oil pipeline pulled the plug on the project Wednesday after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office.
Calgary-based TC Energy said it would work with government agencies “to...
A group of Baltimore business owners is threatening to withhold taxes from the city government if it doesn’t do more to improve basic services --- including crime prevention, trash collection and stopping illegal drug and alcohol sales --- according to WBAL.
The letter comes as the city and state refuse to prosecute...
(J.D. Davidson, The Center Square) Ohio Attorney General Dave Yost wants internet search engine Google designated as a public utility, rather than a public company, to rein in how it provides search results to Ohioans, according to a lawsuit filed Tuesday.
Yost called the lawsuit landmark, saying Google is discriminatory and...
(Scott McClallen, The Center Square) Michigan’s COVID-19 recovery is the slowest in the nation, according to a WalletHub study released Tuesday.
Here are Michigan’s metrics using data current as of June 7.
Recovery from COVID-19 in Michigan (1=Quickest, 25=Avg.):
25th – Share of Population Fully Vaccinated
35th – Share of Vaccine Supply...
(Associated Press) The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to do to bring an end to fuel shortages affecting much of the eastern United States, even as authorities have...
In the current environment of rising inflation and easy monetary policies, the value of gold could potentially go sharply higher from recent levels.
Unlike many traders out there, the successful gold investor has learned to “see the forest through the trees.”
Put simply, gold investors understand that the shiny yellow metal...
The Bureau of Labor Statistics says that the number of jobs openings by the end of April rose to a record 9.3 million, with a record high number of people quitting and a record low number of people being fired.
The number of Americans quitting their jobs rose 11% to...
The U.S. along with other G7 nations have agreed to set up a global minimum on corporate taxes of 15% in order to stop corporations from getting a tax break by off-shoring corporate facilities, says an announcement following U.S. Treasury Secretary Janet Yellen’s visit to London for face-to-face talks...
‘Taper’ talk from the Federal Reserve is back in focus.
But for now, it’s all talk and no action.
Last week, former New York Fed President William Dudley said the central bank will begin the process of tapering – winding down its monthly asset purchases – by year end.
While echoing current...