Cheap coal, cheap workers, Chinese money: Indonesia’s nickel success comes at a price | Indonesia
SNestled chest-deep in the Moluccan Sea, just outside the rolling chimneys of the world’s largest nickel industry, Upin adjusted his mask and dove. Although his people, the Bajau, are known to remain underwater for more than 10 minutes, Upin quickly surfaces. He carries a sturdy metal disc over the side of the dugout canoe. “Since […]
U.S. Postal Service Announces Sixth Price Increase Since 2020
The United States Postal Service (USPS) has proposed a 7.8% increase in the price of stamps effective in July to “achieve fiscal stability.” Tuesday press release from service announced Submit a notice to the Postal Regulatory Commission to increase the price of various stamps by up to 10 cents. A typical 1-ounce letter first class […]
Russian Oil Shatters G7 Price Caps in Defiance of Sanctions
Russian crude currently sells for about $75 per barrel, far above the $60 cap imposed by the Group of Seven (G7) countries in 2022, according to the latest oil price tracking data. Russian oil is trading even higher in markets such as India, suggesting that G7 efforts to drain Russia’s war machine of oil revenues […]
Gold market analysis for April 10 – key intra-day price entry levels for active traders – Kitco NEWS
(Kitco News) – This 5-minute bar chart for Comex Gold Futures is a valuable analysis and trading tool for intraday gold futures traders and market watchers. His 5-minute bar chart of active gold futures contracts displays the key short-term moving averages (10 and 20 periods) that traders can use for crossover buy and sell signals. […]
Gold price sells off after another hotter U.S. inflation report – Kitco NEWS
(Kitco News) – Gold and silver prices fell in early U.S. trading on Wednesday, selling off after a better-than-expected U.S. inflation report. June gold was last down $14.50 to $2,347.00. May silver was last down $0.049 to $27.93. (Hello, thousands of my valued readers have subscribed to my free weekly newsletter, Front Burner, and are […]
Post Office proposes raising the price of stamps again
Goodbye, start licking Penny. The United States Postal Service wants to raise the price of stamps again. federal authorities requested on Tuesday. Increase the price of first-class stamps from 68 cents to 73 cents. The Postal Service has proposed increasing the price of its “Forever” stamps from 68 cents to 73 cents starting in July. […]
Billionare behind $175M Trump bond says he might have charged too low a price
The billionaire businessman who provided former President Donald Trump with the huge bail needed for his appeal in New York says he may not have imposed a good price on the former head of state. Don Hankey is chairman of Knight Specialty Insurance, the company that provided the $175 million bond required in Trump’s New […]
March inflation report expected to show another month of ‘hot’ price gains
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” A closely watched inflation report on Wednesday is expected to show that progress in combating price pressures within the economy slowed again in March. Economists expect the consumer price index, which […]
Eclipse bringing potential economic windfall to Texas cities, price gouging
(The Center Square) – Monday’s total solar eclipse will cover more areas in Texas than any other state. A total solar eclipse occurs when the moon passes between the Earth and sun and lines up with the sun, blocking all of its light, NASA explains. “As the Moon blocks the Sun’s light, it casts a shadow […]
Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekend – Cointelegraph
Bitcoin (BTC) headed higher towards the week’s close on April 7th as BTC’s unusual price action over the weekend boosted the bull market. BTC/USD 1 hour chart. Source: TradingView BTC price reflects initial price up to $70,000 Cointelegraph Markets Pro and TradingView showed a sudden move above $69,000 over the weekend, with Bitcoin hitting a […]