Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and HamasThe price of US West Texas Intermediate crude oil experienced a significant drop, falling more than 2% to dip below $75 a barrel. This decline came amid emerging reports of a possible ceasefire between Israel and Hamas, potentially easing recent geopolitical tensions. Bloomberg has indicated that negotiations aimed at halting the conflict and securing the […] READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024Iran has positioned itself at the forefront of a significant move within the BRICS economic alliance, advocating for the creation of a BRICS digital currency in 2024 as a strategic step towards reducing global reliance on the US dollar. Throughout 2023, the BRICS nations have collectively focused on de-dollarization, alongside efforts to develop a native […] READ MORE LBMA: 2024 Precious Metals Analysts' ForecastsTake a look at the analysts’ individual forecasts and commentary, revealing their insights behind their forecasts for highs, lows, and average prices for gold, silver, platinum and palladium. READ MORE Sprott Money: Gold is About to Break OutIn Sprott Money’s upcoming Monthly Wrap-Up video, Craig Hemke and Andrew Maguire will provide a comprehensive analysis of the economic outlook for February, focusing on three critical areas that could influence the trajectory of precious metal prices. They will discuss the impact of geopolitical events, such as political unrest, conflicts, and trade tensions, on investor […] READ MORE US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to HomebuyersMortgage rates in the United States have seen a modest decrease, offering a glimmer of hope to the housing market. According to Freddie Mac, the average rate for a 30-year fixed mortgage dipped to 6.63%, down from 6.69% the previous week. This slight reduction marks a return to a downward trend in borrowing costs, although […] READ MORE Banking Sector Woes Propel Treasury Rally, Rate Cut ForecastsTreasury yields saw a significant drop on Thursday, driven by a continued downturn in U.S. financial stocks, which fueled trader speculation of an accelerated timeline for Federal Reserve interest rate cuts. The five-year U.S. Treasury yield decreased by up to 9 basis points, reaching its lowest point since June at 3.75%. This movement reflects a […] READ MORE Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate ConcernsNew York Community Bancorp experienced a significant drop in stock value, marking a record plunge as market concerns grew over the bank’s exposure to commercial real estate risks. This downturn comes despite the bank previously benefiting from the struggles of other regional lenders. The decline was triggered by investor apprehension that the bank could signal […] READ MORE Bankrupt Crypto Lender Genesis Settles SEC LawsuitGenesis Global Holdco LLC has reached a settlement with U.S. regulators to conclude a lawsuit alleging violations of securities laws via its discontinued Gemini Earn program. As part of the settlement, Genesis, a branch of Barry Silbert’s Digital Currency Group, will pay a $21 million fine to the U.S. Securities and Exchange Commission (SEC). However, […] READ MORE More Americans Apply for Unemployment Benefits But Layoffs Still Historically LowThere’s been a noticeable uptick in Americans seeking jobless benefits, with applications hitting the highest level in nearly three months. Last week, filings for unemployment benefits jumped to 224,000, marking an increase of 9,000 from the week prior. Despite this rise, the broader context shows that layoffs are still significantly low by historical standards. The […] READ MORE « Previous 1 … 48 49 50 51 52 … 64 Next »
