BRICS Expansion and De-Dollarization Efforts Challenge USand EU Economic DominanceSource: iStock The BRICS bloc is ready to continue its expansion in 2024. Successfully inducting multiple new nations in January, the bloc is expected to invite more countries to join sometime this year. With more countries showing interest in BRICS and its missions, the United States and the European Union are facing a new developing [...] READ MORE Economists Question the Recession-Predicting Power of theInverted Yield CurveA trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 28, 2024. BENGALURU, March 12 (Reuters) - A key indicator of an oncoming recession implied by the U.S. bond market is no longer reliable, according to nearly two-thirds of strategists polled by Reuters. A persistent [...] READ MORE The Latest Inflation BreakdownAmericans plagued by surging prices over the past 20 months continue to face strain as the cost of meeting everyday necessities remains stubbornly high. The Labor Department said Tuesday that the Consumer Price Index (CPI), a broad measure of the price of everyday goods, including groceries, gasoline, and rent, rose 0.4% in February from [...] READ MORE Gold’s Rally Leaves Some Market ExpertsBaffledThe gold price hit nearly $2,195 per troy ounce on Friday © Bloomberg The price of gold has surged 7 per cent in just over a week to hit record highs, leaving longtime market watchers struggling to explain what has been one of the yellow metal’s most curious rallies. The sudden price move has [...] READ MORE Record Inflows Catapult Bitcoin Near All-Time Highs(Bloomberg) -- Bitcoin rose to a record for the third time in five days before traders appeared to take the opportunity to realize some of the recent gains. The original cryptocurrency reached an all-time peak of $72,968 on Tuesday, before pulling back below $70,000. The fresh highs were reached in the wake of a [...] READ MORE Gold Retreats from All-Time Highs as Traders Eye UpcomingU.S. Inflation DataInvesting.com-- Gold prices fell in Asian trade on Tuesday, retreating from record highs as traders lock-in some profits ahead of key U.S. inflation data that is widely expected to factor into the path of interest rates. Growing bets on interest rate cuts by as soon as June, coupled with increased safe haven demand, saw [...] READ MORE CPI Up 0.4% in February, a 3.2% Increase From a YearAgoKEY POINTS The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago. The monthly measure was in line with expectations while the 12-month reading was slightly higher. The core CPI rose 0.4% on the month and was up 3.8% on the year. [...] READ MORE Oil Prices Tread Water as Market Anticipates US InflationInsights(Bloomberg) -- Oil was little changed as traders wait to see if a week of key data inputs can break the market from its recent torpor. Western Texas Intermediate futures edged lower to settle just shy of $78 a barrel after earlier dropping to the lowest intraday price in two weeks. Investors are watching [...] READ MORE ZeroHedge: $1 Trillion Per 100 DaysWith a stunning trillion dollars added to the national debt in only three months, projected to reach an incomprehensible $54 trillion within 10 years, and America’s interest payments on track to exceed defense spending next year, the question must be asked: How much longer can the debt bubble go? It’s a curious situation when [...] READ MORE « Previous 1 … 21 22 23 24 25 … 66 Next »