Even more bad news for the Biden admin.
...besides altering longstanding precedent, the decision could bear heavily on, and delay, the criminal prosecutions President Trump is facing before the election.
Anyone under the age of 60 probably has no acquaintance with stagflation. The U.S. last experienced this in 1977–1981... It was great for hard assets such as gold, but a nightmare for holders of stocks...
What time is the Biden press conference to confirm there will be rate-cuts this year?
If Trump wins in November, will all this data suddenly be 'allowed' to reflect reality?
Moscow vows to take more territory in Ukraine to counteract the long-range NATO missiles...
"I think we are just hitting a little bit of a reality check. This doesn’t take away the excitement around the potential going forward, but it’s probably valuation coming back to a more realistic pathway.”
"Any nation with a birth rate below replacement will eventually cease to exist."
Silicon Valley might back green energy, but its business benefits from coal...
The decline of the oil and gas industry would be disastrous for the American people.
- European bourses are mostly lower, US equities are mixed, with the NQ underperforming after Meta (-13.1%) results
- Dollar is lower, Antipodeans benefit from higher metals prices, JPY is softer holding above 155.50 against the USD
- Bonds are rangebound awaiting impetus from Tier 1 data later today
- Crude is slightly lower in absence of energy-specific newsflow, XAU benefits from the weaker dollar, base metals are mostly firmer
- Looking ahead, US GDP Advance, PCE Advance, Initi
The control that comes with CBDCs is immense and allows for complete micromanagement of the population...
Johnson reached across the aisle, stiffed the Republican majority that elected him speaker, and pushed through a massive gift to the warfare corporate welfare state...
"Wait until they stop housing & feeding them. That's when the chaos will begin."
Any positive decision would be driven by purely political motives since there’s no military necessity for adding Poland to the nuclear-sharing program...
"Putin doesn’t have the slightest right to quote Kant..."
Radical ‘charity’ is pushing propaganda inside more than half of Scottish schools...
Serbia leads a list of 12 Eastern European nations whose average happiness score has improved more than 20% in the last decade...