Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel SurgeOil prices have reached an eight-week high, driven by a significant drop in U.S. stockpiles and China’s introduction of additional economic stimulus. West Texas Intermediate crude surpassed $76 a barrel, marking the highest level since early December. The U.S. witnessed its largest weekly decline in total oil stockpiles since 2016, with crude inventories dropping by […] READ MORE Growing Credit Card Debt: A Warning Sign for InvestorsThe four largest U.S. banks have reported a significant increase in credit card expenditures in 2023, continuing an upward trajectory that began in 2020. Notably, JPMorgan Chase observed a 9% increase in credit card spending, reaching $1.2 trillion. This trend is mirrored at other major banks like Wells Fargo, with a 15% rise. More concerning […] READ MORE Bitcoin: A Complement to Traditional Safe Havens like Gold and SilverIn the evolving landscape of wealth preservation, Bitcoin emerges as a novel alternative alongside traditional assets like gold and silver. While these precious metals have long been the cornerstone for securing wealth, the advent of digital currencies offers a modern choice. Post-World War II saw the transition of global currencies from a gold standard to […] READ MORE The Looming Disaster in Commercial Real Estate ExplainedGain insights into the complexities of the current real estate landscape and the potential consequences for both investors and the broader economy. READ MORE BRICS Nations' Gold Rush: Safeguarding Economies Against US Recession FearsIn a strategic move to fortify their economies, the BRICS countries – led by China, Russia, and India – have significantly ramped up their gold reserves, becoming the top gold buyers in 2023. According to the World Gold Council, China alone added a staggering 225 tonnes of gold to its reserves last year. This trend […] READ MORE Hedge Fund That’s Up 227% Makes Bet on GoldXIB Asset Management, a Canadian hedge fund that soared by 227% during the first two years of the pandemic, is now strategically focusing on gold and uranium, anticipating their strong performance as interest rates are predicted to fall. The fund’s founders, Sean McNulty and Peter Hatziioannou, foresee a near-future where policymakers start reducing borrowing costs, […] READ MORE S&P Global Survey Shows US Business Activity Picks Up in January as Inflation CoolsIn a promising start to 2024, U.S. business activity has shown a notable uptick in January, alongside signs of cooling inflation. S&P Global’s latest survey reveals that the flash U.S. Composite PMI Output Index, encompassing manufacturing and services sectors, has risen to a robust 52.3, marking its highest point since the previous June. This surge […] READ MORE Fed's Rate Hikes Propel Global Shift Away from U.S. Dollar, Says Atlantic CouncilThe Atlantic Council has identified the Federal Reserve’s rate hikes as a key driver behind the growing trend of de-dollarization globally. The Fed’s rate increases, coinciding with the aftermath of Russia’s invasion of Ukraine, have made dollar borrowing costlier and less accessible. This change has encouraged emerging market firms to explore alternatives like the Chinese […] READ MORE Central Banks Tread Cautiously in Final Stretch of Inflation BattleAs the global economy enters a critical phase in managing inflation, central banks are hesitant to declare victory too soon, fearing the consequences of maintaining tight monetary policies for an extended period. The current financial landscape sees a significant slowdown in the pace of inflation, shifting the focus from when to how much interest rates […] READ MORE « Previous 1 … 55 56 57 58 59 … 63 Next »
