Imminent CPI Report: Pivotal Inflation Showdown Could Halt Fed’s Rate Hikes
The last mile is always the hardest. The Bureau of Labor Statistics will reveal the much-awaited consumer price…
Tech Sector Fuels S&P 500 To New Highs While Crypto Endures Regulatory Challenges
The S&P 500 rode the positive sentiment from the tech sector this week, crossing the 4,300 mark for…
‘Blinken To Travel To China Next Week, Carrying Out Trip Postponed After Spy Balloon Incident’ – AP News
https://apnews.com/article/us-china-blinken-biden-beijing-trip-4f75102f91b9ee0e326d59acb9103b96
Secretary of State Antony Blinken is planning to travel to China this month as the Biden administration pushes to
Reported June 8 2023, ‘Saudi Crown Prince Threatened ‘Major’ Economic Pain On U.S. Amid Oil Feud’ – Washington Post
https://www.washingtonpost.com/national-security/2023/06/08/saudi-arabia-cut-oil-production/
After President Biden vowed to impose ‘consequences’ on Saudi Arabia for slashing oil production last year,
Economists Speak In Chorus: Fed’s 15-Month Hiking Cycle Set to End in June; Markets At Risk If The Call Is Incorrect
The majority of economists polled by Bloomberg predict the Federal Reserve will end its 15-month streak of interest…
Why Are Precious Metals Miners Rallying? 5 Mining Stocks To Watch
Shares of precious metals miners rallied on Thursday, with the VanEck Gold Miners ETF (NYSE:GDX) tracking the industry posting…
‘UK Set To Introduce Floor For Oil And Gas Windfall Tax’ – Financial Times
https://www.ft.com/content/f69e5069-1a00-42c1-8219-84ccd5cbbfd9#myft:my-news:page
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Higher-than-Expected Increase In Unemployment Claims Raises Alarm For Job Market
The most recent report from the Department of Labor revealed a larger-than-anticipated uptick in unemployment claims for the…
Global Economy Balances On Recovery Tightrope, Outlook Report Shows: ‘This Is Hard’
The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks.
Rising Above Recession: Goldman Sachs Anticipates July Rate Hike, Risk Assets Poised To Scale Wall Of Worry
Goldman Sachs (NYSE: GS) has revised its estimate about the U.S.