CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  When the latest inflation report was released this week, it offered good news for many Americans. After ticking back up unexpectedly in early 2024, inflation cooled again in June, falling to 3.0%, a drop of about 0.1% from the month prior. This is the third consecutive month-over-month drop and the fastest inflation has fallen since June 2023. And, with each drop in inflation, the rate inches closer to the Federal Reserve's 2% target, meaning that the likelihood of future...

Are 1-ounce gold bars still a good investment with inflation falling?

Two of the largest banks in the US are declaring a loss on a whopping $3.5 billion in debts that customers can’t pay back. JPMorgan Chase says its net charge-offs, which are delinquent debts that banks do not expect to receive, hit $2.2 billion in the second quarter of the year.

JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Major Surge in Bad Debt

A veteran trader has projected a major drop in US dollar value – and the strong ascent of Bitcoin. Peter Brandt’s comments coincide with a period when financial accountability of the US government is under extreme examination. Brandt’s prediction fits a general view among financial experts concerned about...

Veteran Trader Champions Bitcoin, Says US Dollar ‘Is Being Destroyed’

LONDON (July 24) Gold prices increased slightly on Wednesday as investors anticipate important U.S. economic releases that could impact the Federal Reserve’s interest rate decisions. The precious metal’s gains were supported by a minor decrease in Treasury yields. At 10:40 GMT, XAU/USD is trading $2412.39, up $2.74 or...

Gold (XAU) Prices: Will Upcoming U.S. Data Drive Prices Higher?

Fortune

J.P. Morgan said it expects prices to climb to $2,500 per ounce by the end of 2024 and up to $2,600 in 2025.

Gold hits record highs as investors eye Fed rate cut—’going up because it’s going up’

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Gold investing has been top of mind for many investors over the last few years. After all, when inflation and other economic issues are looming, investors tend to turn to safe-haven assets like gold to protect their wealth and mitigate losses from more volatile assets. But the unique benefits that gold offers in uncertain economic climates haven't been the only draw recently.Gold prices have soared since the start of 2024. The first milestone occurred in March when prices touched $2,160...

Gold prices remain elevated. Should you invest in 1-ounce gold bars now?

Gold’s breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29. Precious Metals must work through this technical damage before they can resume their new uptrends. For years, we have written about the significance of Gold...

Gold’s Potential Game Changer Approaching

Gold prices have been rising over the last couple of weeks and this week posted a new record high of $2,471 an ounce on the futures market. During Tuesday’s trading, spot gold rose 1.8% to nearly $2,466 an ounce. Gold prices have accelerated because traders have become increasingly convinced...

Price of gold hits new record high

Independent precious metals authority London Bullion Market Association (LBMA) has…. Independent precious metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a record price of $2 480/oz on July 17. An average...

Analysts predict gold to trade at average $2 547/oz in the second half

Florian Grummes, Managing Director of Midas Touch Consulting, predicts that gold prices will increase as a collapse of the monetary system pushes up hard assets. Grummes expects Gold to climb to all new heights!. *********

GOLD Prices Set to SOAR! Shocking Analysis Revealed | Florian Grummes

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsByJoshua

If you’ve been following the electric vehicle (EV) scene, you might have heard some concerning news about SK On, the South Korean battery manufacturer. They’ve hit a bit of a rough patch due to lower-than-expected sales of electric vehicles in key markets like Europe and the U.S. Let's dive into what’s going on and why it matters.

Battery Manufacturer Declares Urgency Due to Low EV Sales, Says Financial Times

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Markets Insider

The Federal Reserve risks prematurely cutting interest rates right as the US economy is poised to reaccelerate, Jim Bianco told CNBC. "The reason I suspect that we're going to have zero rate cuts is I don't think they're warranted. The economy is continuing to move along just fine," the Bianco Research president said on Friday, adding: "I suspect there'll be a second-half rebound."

The Fed shouldn't cut rates at all this year as the US is poised for a 2nd half rebound, macro strategist says

Overdue credit card bills are the highest they’ve been since the Federal Reserve Bank of Philadelphia started keeping track in 2012. The proportion of card balances that were more than 60 days past due, making them delinquent, topped 2.5% in the first three months of the year, according to a report published Wednesday. That’s more than double the lows seen in the third quarter of 2021, as pandemic-era federal stimulus money helped borrowers pay off their balances in full.

Overdue credit card balances have hit the highest level on record

Reuters

SAO PAULO (Reuters) -Consumer prices in Brazil rose more than expected in the month to mid-July on higher transportation costs, official data showed on Thursday, likely sealing the deal for the central bank to keep interest rates on hold at a policy meeting next week.

Brazil inflation speeds up ahead of central bank's rate decision

Kentucky State

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

JOHANNESBURG (Reuters) - Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse those increases, a Reuters poll found.

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

BEIJING/SHANGHAI (Reuters) -Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending benchmarks to bolster stuttering economic growth.

Chinese banks cut deposit rates to relieve squeezed margins

NewsBreak

Central Banks Purchase Gold to Offset Their Own Money Destruction

Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often...

Central Banks Purchase Gold to Offset Their Own Money Destruction

Comments / 0