Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says – CNBC
According to Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report, gold is a smart investment idea as government budget deficits grow, and interest rate cuts are likely to be an additional tailwind. Gold has risen as a safe haven, in part due to the widening of the U.S. government’s budget […]
Breitbart Business Digest: ‘No Cuts’ Goes Mainstream
We were uncut before uncut was popular. It’s awkward. When we started to predict The Federal Reserve will not cut interest rates this year And there was a significant, and underestimated, risk that the Fed could raise interest rates next year. Breitbart Business Digest I was the lone contrarian: The Fed was expecting three rate […]
OPEC+ to Extend Oil Production Cuts Through End of 2025 in Attempt to Keep Prices High
OPEC+, a coalition of OPEC member countries and allied oil producers, said on Sunday it would extend existing overall oil production limits until 2025 to keep oil prices from falling below desired levels. The cartel said some countries would extend production cuts according to different schedules, while one member, the United Arab Emirates (UAE), would […]
Stephanopoulos cuts off Trump lawyer after he suggests Biden was behind Trump conviction
ABC News anchor George Stephanopoulos, in an interview on Sunday, confronted former President Trump’s lawyer, Will Scharf, over the former president’s baseless claim that President Biden played a role in filing a hush-money criminal lawsuit against Trump in New York. In an interview with “This Week,” Schaer repeated the former president’s arguments, claiming that the […]
Top Silicon Valley investor abandons Dems, cuts Trump campaign massive check after verdict: ‘I’ll lose friends for this’
A top Silicon Valley venture capitalist announced Thursday that he has donated $300,000 to former President Donald Trump’s reelection campaign following his conviction. Sean Maguire, a general partner at Sequoia Capital, isn’t just donating to Trump’s campaign: he supports him at all costs. “I personally believe that the double standards and legal war against Trump […]
Mortgage rates tick up as Fed signals delay on interest rate cuts: Freddie Mac
Home buyers saw borrowing costs rise again last week. (iStock) After weeks of declines, mortgage rates reversed course this week, rising back above 7%, according to Freddie Mac. According to Freddie Mac’s latest report, the average 30-year fixed-rate mortgage for the week ending May 30 was 7.03%. Primary mortgage market researchThat’s up from an average […]
Judge Cuts Bail by 90% for Illegal Accused of Killing State Trooper
A judge in the sanctuary state of Washington has reduced bail by 90 percent for an illegal immigrant accused of killing 27-year-old Washington State Police Officer Christopher Gadd. Raul Benitez Santana, 33, an illegal immigrant from Mexico who has had multiple run-ins with police, was arrested and charged with vehicular homicide in connection with Gadd’s […]
‘I’ll Lose Friends For This”: Ultra-Wealthy Former Dem Donor Cuts Massive Check To Trump After Conviction
Ultra-wealthy Sequoia Capitol partner and former Democratic donor Sean Maguire announced he was donating $300,000 to former President Donald Trump’s campaign on Thursday night after his guilty plea was announced. Maguire published a Twitter post and article about his public decision to pledge a large donation to President Trump, explaining why he was “prepared to […]
Kansas Gov. Kelly to call special legislative session over tax cuts
Kansas Gov. Laura Kelly announced Wednesday that she will call a special legislative session to consider tax cuts, beginning June 18. The move comes after the Democratic governor rejected three Republican tax-cut plans this year, setting up a key election-year fight with the Republican-controlled Kansas Legislature. “I am committed to working with the Legislature to […]
Gov’t ‘Contributed to’ Inflation, Inflation ‘Sideways’, Need ‘Many More Months’ for Rate Cuts
In an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari said inflation is currently trending sideways, that one or two rate cuts would require “several more months of positive inflation data,” and that government spending is “contributing to high inflation.” Kashkari began by agreeing with Federal Reserve Chairman Jerome Powell […]