Gold News: Trump Policy Risks Drive Prices Higher Despite Treasury Yield Spike – FX Empire
Will strong jobs numbers force the Fed to keep interest rates on hold? Nonfarm payrolls exceeded expectations in December, increasing by 256,000 compared to economists' expectations of 160,000. The unemployment rate fell to 4.1% and average hourly wages increased by 0.3%. This strong performance made it less likely that the Fed would cut rates immediately, […]
City sues California over sanctuary law fueling violent crime spike: ‘Clear and present danger’
city of huntington beach submitted lawsuit Californians sued Gov. Gavin Newsom (D) and state Attorney General Rob Bonta (D) on Tuesday over the state's sanctuary law, which protects illegal aliens from federal immigration authorities. lawsuit claimed that California Senate Bill 54signed into law by former Democratic Gov. Jerry Brown in 2017, is “unconstitutional” and prohibits […]
NY saw 53% spike in homelessness in 2024 — largely due to migrants in NYC shelters: feds
New York faced a staggering 53% spike in homelessness last year, making it the highest per capita homelessness rate in the nation, according to federal officials. This is largely due to an influx of immigrants who have been housed in shelters in the Big Apple. More than 158,000 people in the Empire State don't have […]
CDC monitoring possible spike of HMPV in China
The Centers for Disease Control and Prevention is closely monitoring reports of a surge in human metapneumovirus (HMPV) in China. HMPV, discovered in 2001, is common but underdiagnosed because it resembles the common cold, according to the CDC. Media reports say virus cases in the United States are at “pre-pandemic” levels and are not a […]
CDC is monitoring HMPV spike in China as US cases increase
Such cases appear to be increasing in the United States, and the Centers for Disease Control and Prevention is currently monitoring reports of a surge in human metapneumovirus (HMPV) in China. The CDC said it is aware of an increase in HMPV cases in northern China, following reports in Beijing-based media that confirmed a significant […]
Natural gas prices spike on forecasts of colder than expected winter
Former Trump Energy Secretary Dan Brouillette explains how America can create more global demand for natural gas and oil. Natural gas prices rose more than 20% on Monday after a flurry of forecasts over the weekend. incoming arctic air The United States could experience its coldest January in more than a decade. Prices fell some […]
Ukraine Ends Russian Gas to Europe, Energy Prices Spike
Despite nearly three years of war, Russian energy continues to pass unhindered through Ukrainian territory every day to date, and on New Year's Day the water taps were firmly closed. Today, for the first time in decades, Russian gas is being supplied to European customers through Ukrainian pipelines at zero cost, with confirmation that there […]
Credit Card Defaults Spike to Highest Level Since Aftermath of 2008 Financial Crisis
U.S. credit card defaults have risen to their highest level since the 2008 financial crisis, as consumers suffer from years of high inflation. credit card lender I wrote it down Loan delinquency balances in the first three quarters of 2024 were $46 billion, an increase of 50% year over year. These forms of write-offs are […]
Mayor Eric Adams says NYC can’t ‘just police’ its way out of antisemitism spike
At a Dec. 19 roundtable for Jewish reporters at City Hall, New York City Mayor Eric Adams spoke about his criminal history, including anti-Semitic hate crimes, and called out Jewish officials in his administration. He praised the way he had been promoted. “I see myself in a very important place in my administration, not just […]
Just Like First Term, Trump’s Tariffs Will Not Spike Inflation
Incoming trade adviser Peter Navarro said the tariffs planned by President-elect Donald Trump next year will not spike inflation. “We imposed significant tariffs on China, including steel, aluminum, dishwashers and solar power, and raised many countervailing duties to stop dumping. We had zero inflation from doing so.” and Mr. Navarro said Tuesday on CNBC. “So […]