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 […]
Medicare fund’s outlook improves on stronger economy, but long-term challenges persist
Medicare’s fiscal outlook has improved over the past year, with funding for the program, which pays for all hospital services for elderly and disabled beneficiaries, not expected to run out until 2036, five years later than last year’s expected date. do not have. The unexpected good news for Medicare came as the economy performed better […]
Mark Zuckerberg’s Metaverse Ambitions Persist Despite Billions in Losses for Meta
Mark Zuckerberg’s Meta Inc. (formerly known as Facebook) has announced that its Reality Labs division has suffered significant financial losses, including a staggering $3.8 billion loss in the first quarter of 2024. Despite this, they continue to invest heavily in his Metaverse initiative. quartz report When Mark Zuckerberg rebranded Facebook to “Meta” in 2021, he […]
Dozens arrested on California campus after students in Texas detained as Gaza war protests persist
Hours after University of Texas police actively detained dozens of people in recent clashes between law enforcement and students protesting the Israeli-Hamas war on campuses across the country, police on Wednesday sent police to Southern California. peacefully arrested student protesters at the university; Tensions escalated between police and demonstrators at the University of Southern California […]
Gold prices steady below $2,400; Rate fears, dollar pressure persist By Investing.com – Investing.com
Investing.com — Gold prices recovered from overnight declines in Asian trade on Thursday, but remain below recent highs as concerns about longer-term interest rates and strong dollar pressure remain. Ta. The yellow metal soared to record highs last week as safe-haven demand soared after Iran launched attacks against Israel. But fears of an escalation of […]
Inflation accelerates more than expected in March as high prices persist
Nick Timiraos, chief economics correspondent for the Wall Street Journal, said central banks need “credible justification” to start cutting rates. Inflation accelerated for the third straight month in March due to soaring gasoline and rent prices, underscoring the difficulty of containing domestic price pressures. economy. The Labor Department said Wednesday that the consumer price index, […]
Inflation ran hotter than expected in February as high prices persist
QI Research CEO and Chief Strategist Daniel DiMartino Booth responds to the ‘Apollo’ article claiming the Federal Reserve will not cut interest rates in 2024. Inflation unexpectedly rose in February due to soaring gasoline and rent prices, highlighting the challenge of containing price pressures in the economy. The Ministry of Labor announced on Tuesday that […]
Bitcoin keeps record highs in sight as ETF inflows persist By Investing.com – Investing.com
©Reuters Investing.com — Stocks traded just below record highs in Asian trading on Tuesday, continued support from steady inflows into spot exchange-traded funds approved earlier this year. The world’s largest cryptocurrency rose 5.6% to trade at $72,156.6 by 22:51 ET (02:51 GMT), close to its all-time high of $72,771 hit on Monday. was maintained. Bitcoin’s […]
Gold prices rangebound as rate fears persist, inflation cues awaited By Investing.com – Investing.com
©Reuters. Investing.com — Gold prices fell in Asian trading on Monday, staying within recent trading ranges as concerns grow over a prolonged period of high U.S. interest rates in anticipation of key economic data. The yellow metal has failed to make big gains in recent weeks as a series of Federal Reserve officials warned the […]
Mortgage rates climb again as high housing costs persist
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose again this week as housing inflation continues to rise, adding further illumination for weary would-be buyers and sellers. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the average benchmark interest […]