Gold extended its New Year rally to trade near a seven-month peak on Wednesday, helped by a weaker US dollar and growing expectations of less aggressive interest rate hikes by the Federal Reserve. Spot […]
The copper price fell on Wednesday as the market focused on slowing growth and demand. Copper for delivery in March fell 1% on the Comex market in New York, touching $3.72 per pound or […]
Poland received a record number and volume of shipments of liquefied natural gas (LNG) last year, as it diversified away from Russian energy sources. Moscow cut off gas supplies to Poland in April, though Warsaw had in […]
Rep. George Santos has admitted to misleading his constituents about working at Citigroup and Goldman Sachs and to lying about his educational credentials. He also falsely claimed that his mother died on Sept. 11. Then, […]
Rebound in Nigerian production sends OPEC production higher in December. The group of producers noted a 120,000 bpd rise in production last month according to Reuters. In December, OPEC pumped 29 million bpd. A rebound […]
Utility Hawaiian Electric has said that the AES Waikoloa solar PV and battery storage project on Hawaii Island is nearing completion. The system is due to begin commercial operations by April this year, or earlier. […]
Salesforce Inc plans to cut its workforce by 10 percent and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending […]
Russian President Vladimir Putin on Wednesday ordered a warship armed with new hypersonic Zircon cruise missiles to be deployed on a mission to the Atlantic and Indian Oceans, in what could be a message and […]
Since the last FOMC statement on Dec 14th – when The Fed hiked by 50bps and gushed hawkishly – gold has outperformed while long-duration stocks have been the biggest loser with the dollar flat and […]
Authored by James Rickards via DailyReckoning.com, Is there a financial calamity worse than a severe recession in early 2023? Unfortunately, the answer is “yes” and it’s coming quickly. That greater calamity is a global […]
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