Markets Insider

The US economy is set to enter a recession by early next year, according to Steve Hanke. The economist pointed to a troubling trend in the money supply in an interview on YouTube this week. He predicted inflation will likely fall below 2% as economic activity slows. The US hasn't...

Why a recession will strike in 2025, according to a veteran economist

Investing.com -- Former New York Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime. "The facts have changed, so...

Fed's Dudley now calling for Fed rate cut next week amid recession concerns

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 heard in investment circles, and I will try to answer it. We must begin by clarifying the question. It is true that inflation is...

Central Banks Purchase Gold to Offset Their Own Money Destruction

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

Inflation as measured by Personal Consumption Expenditures likely fell in June, according to forecasts, mirroring the trend seen in a different inflation report earlier this month. PCE inflation is especially noteworthy because officials at the Federal Reserve pay close attention to it when setting the nation's monetary policy. Should Friday's...

What to to Expect From Friday's Closely Watched US Inflation Report

New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

New York City, NY

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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

CBS News

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  Those who thought gold prices peaked after a slower start to the summer were pleasantly surprised last week when the precious metal surged to its latest record high, hitting $2,472.76 per ounce on July 17. That comes after the yellow metal had broken numerous price records so far in 2024 — and after it started at just $2,063.73 per ounce on January 1. That's an almost 20% increase in just over six months.Against this unique price backdrop, then, both...

Gold prices keep rising. Here's how to take advantage now.

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

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  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?

Fortune

Warren Rotax, 67, stacks a freshly milled board of tongue and groove pine June 19, 2024 at Clifford Lumber in Hinesburg, Vermont. Clifford Lumber was established in 1929 by Harold Clifford and is now run by his grandson, Lynn Gardner, and his son, Peter Gardner. (Photo by Robert Nickelsberg/Getty Images)

Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

California State

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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

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

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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 – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

While Federal Chair Jerome Powell was once an advocate of higher interest rates, he may now be siding with the ‘doves’ of the central bank, a Deutsche Bank review of meeting records and public comments shows. Powell now appears to be more closely aligned with advocates of early...

Once an Advocate of Higher Rates, Powell Now Looks Like a ‘Dove’

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  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?

Reuters

WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits fell more than expected last week as distortions from the weather and temporary automobile plant closures faded.

US weekly jobless claims fall more than expected

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

NewsBreak

Gold recovers as stagflation fears take hold, Harris’ nomination

NEW YORK (July 24) Gold (XAU/USD) recovers for a second day in a row, trading back up in the $2,410s as “stagflation” fears mount. The term,...

Gold recovers as stagflation fears take hold, Harris’ nomination

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