Chatter about China easing its Zero-COVID strategy sparked some joy overnight (in crude prices), but the labor market report was a smorgasbord of confusion for algos (keying off the ‘beat’ on the payrolls print and […]
By Howard Wang of Convoy Investments Jerome Powell has been talking tough on inflation and clearly wants to leave a Volcker-like legacy. But the US is far different today than it was in the 80s. […]
By Tatiana Darie, Bloomberg Markets Live reporter and analyst As stock-picking gains importance in a tough macro environment for markets, energy stands out as the S&P 500 Index’s cheapest sector, despite its massive rally this […]
Among the growing list of many companies bracing for layoffs is now Wells Fargo, who has seen their U.S. loan volumes “collapse”. The fall off in loan volume has left some workers “idle”, according to […]
Authored by Zachary Stieber via The Epoch Times (emphasis ours), The Biden administration’s attempt to block depositions of several key officials was turned down Nov. 2 by a U.S. judge. U.S. Surgeon General Dr. Vivek […]
By Charles Kennedy of OilPrice.com Natural gas consumption in China may fall this year for the first time in two decades, albeit moderately, because of the slowdown in the economy, Reuters has reported, citing officials […]
The Bureau of Lies and Statistics has done it again: at a time when the best paying tech companies are mass laying off double-digits of their workforce (just ask Twitter today)… … and even left-leaning, […]
As The Fed has tightened monetary policy at its most aggressive pace in over 40 years, real rates in the US have soared (back into strong positive territory). Historically, that has reduced demand for gold […]
Update (1045ET): In a Friday tweet shortly ahead of the planned 9am mass layoffs, Musk says that advertisers are bailing due to pressure from activists, which has led to a ‘massive drop in revenue’ despite […]
By George Lei, Bloomberg markets live reporter and analyst The Chinese yuan, trading both onshore and offshore, posted the biggest daily rally in decades. The offshore yuan advanced more than 2% versus the dollar at […]
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