US House Passes Bill Banning Federal Reserve From Creating CBDC

watcher.guru The US House voted today on the CBDC Anti-Surveillance State Act. US Congressman Tom Emmer introduced the bill to ban the FED from creating a Central Bank Digital Currency…

Be Careful if You Own These Sectors

investorplace.com A problem area on Louis Navellier’s radar … the huge growth and huge returns behind private lending … warnings are beginning … is there a silver lining? Before we begin, a…

Why gold and silver fell for a third day in a row

finance.yahoo.com Gold and silver settled sharply lower Thursday, extending losses into a third straight session a day after minutes from the Federal Reserve showed that some policymakers…

Business Spending Increases More Than Expected

pymnts.com New orders for manufactured durable goods increased by 0.7% in April. Orders increased by $1.9 billion to $284.1 billion during the month, the U.S. Census Bureau said in a…

Oil on track for weekly loss over demand concerns

aol.com Oil prices appeared headed for a weekly loss on Friday despite recovering some from a retreat on Thursday as markets reacted to concerns that elevated inflation could…

The Class of 2024 is looking for work

marketplace.org Put on Vitamin C, it’s graduation season. But finding a job may be a little bit harder for the class of 2024. The millions of people getting their degree this year face a…

Wyoming Considers Own Federal Reserve Account After Custodia Bank Rejection

tftc.io Wyoming legislators are exploring the possibility of the state applying for its own master account with the Federal Reserve. This comes after the Wyoming-based digital bank,…

Stock market today: Tech stocks lead S&P 500, Nasdaq higher to end volatile week

finance.yahoo.com US stocks pushed higher Friday as Wall Street looked to bounce back from the Dow's biggest wipeout in over a year. The S&P 500 (^GSPC) rose 0.7%, while the tech-heavy Nasdaq…

U.S. Families Struggle as SNAP Benefits Fail to Cover Rising Food Costs

tftc.io A recent report by the Robert Wood Johnson Foundation has highlighted a pressing issue facing low-income families in the United States: government food benefits are falling…

Target, McDonald's and Wendy's announce discounts. Has a price war broken out?

abcnews.go.com For more than three years, rapid inflation has frustrated shoppers scanning store shelves for deals. But a host of prominent companies are finally delivering relief. Target,…

Stock market today: Indexes end the week mixed after inflation scare and Nvidia earnings boom

aol.com None US stocks ended the week mixed on Friday after an inflation scare and Nvidia's earnings report. • None Investors will look ahead to next week's PCE data to gauge which…

Janet Yellen Acknowledges: "Cost Of Living Is A Problem" For Consumers

zerohedge.com Janet Yellen Acknowledges: "Cost Of Living Is A Problem" For Consumers Americans are quickly realizing, by their empty wallets, that the leftists in the Biden administration…

Nasdaq Notches a New Record Close

barrons.com The Nasdaq Composite marked a record close and brought its winning streak to five weeks on a sleepy Friday afternoon ahead of Memorial Day weekend. The Dow Jones Industrial…

UBS boosts gold prices forecast for 2024. Here's the new target

investing.com UBS has raised its forecast for gold prices, projecting the precious metal to reach $2,600 per ounce by the end of 2024, up from the previous target of $2,500 per ounce. The…

US House Passes Central Bank Digital Currency Anti-Surveillance State Act

news.bitcoin.com The House of Representatives has passed Congressman Tom Emmer’s CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a surveillance-oriented…

Why groceries are so expensive

nbcnews.com High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store. “Grocery prices skyrocketed during the pandemic, and in…

First Time Since GFC: Holders Of AAA 'CRE-Backed' Debt Hit With Losses

zerohedge.com First Time Since GFC: Holders Of AAA 'CRE-Backed' Debt Hit With Losses Investors holding a tranche of top-rated debt backed by commercial real estate have suffered losses…

The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now

slate.com President Joe Biden spent most of his recent State of the Union address celebrating his economic record, with good reason. There is no denying the numbers: The United States…

Canadian dollar pares weekly decline as stocks rally

theglobeandmail.com The Canadian dollar CADUSD strengthened against its U.S. counterpart on Friday, clawing back much of its weekly decline, as investor sentiment picked up and preliminary…

3 Retail Stocks to Buy Now: May 2024

investorplace.com Despite elevated inflation and high interest rates hurting consumers there are still top retail stocks to buy The retail industry is going through a tumultuous four years of…

Deflation Never Happens, Except Right Now

nymag.com The first salvo in the price wars came in March, when Ikea announced it was making much of its furniture cheaper after a reduction in the cost of raw materials. Then,…

The number of Americans who say they're 'doing OK financially' drops to 4-year low

cnbc.com The worst of inflation might be in the rear-view mirror, but the share of Americans who say they're "doing OK financially" has hit a four-year low. Among all U.S. adults,…

Fed's Waller ponders future path of underlying interest rates

finance.yahoo.com Federal Reserve Governor Christopher Waller said on Friday it's possible that a key underlying interest rate that influences the potency of monetary policy may rise in the…

This week in Bidenomics: 4 more years … of inflation?

aol.com The inflation shock of 2022 freaked out consumers and trashed President Biden’s approval rating. Inflation is now receding, but Biden has another problem: Some voters think…

Americans are getting more worried about losing their jobs

newsweek.com More Americans are concerned about the jobs market and believe that their incomes may come under pressure over the year ahead at a time when the economy is grappling with…

Housing prices hit another record high as affordability crisis deepens

aol.com The cost of buying a new house just hit a fresh record even as mortgage rates pulled back from a five-month high, according to a new report. Findings from Redfin show the…

Stock market today: Stocks jump after biggest wipeout for Dow in a year

finance.yahoo.com US stocks jolted higher Friday as Wall Street looked to bounce back from the Dow's biggest wipeout in over a year. The S&P 500 (^GSPC) rose 0.6%, while the tech-heavy Nasdaq…

Eli Lilly's big GLP-1 investment

cnbc.com Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Wall Street was…

Key underlying interest rate could rise in the future

investing.com Investing.com -- A major underlying interest rate could increase in the future, although it is too early to tell if this will come to pass, according to Federal Reserve…

How Low Can Rates Go in the Long Term?

barrons.com Interest rates may remain higher over the course of the coming economic cycle than they were in the low-rate 2010s, but the jury is still out, Federal Reserve Gov.…

Nearly Half of Small Companies Are in the Red

tftc.io The economic outlook for America's small public companies appears increasingly dire. A staggering 42% of these businesses are currently operating at a loss, faced with a…

Inside The $200 Billion Billionaire Factory

forbes.com Amid private credit’s gold rush, New York City’s Blue Owl is providing the “picks and shovels” for deal-hungry private equity firms. It also injects liquidity into the…

savers have balances over $1 million

cnn.com They are still a very small minority in the 401(k) universe, but there were a record number of 401(k) participants with balances over $1 million at the end of the first…

BofA’s Hartnett Says Stock Rally Is Moving Closer to Sell Signal

finance.yahoo.com The rally in global equity markets is at risk of overheating, according to Bank of America Corp. strategist Michael Hartnett. The bank’s so-called global breadth rule shows…

Goldman Sachs pushes back predicted timing of possible Fed rate cut to September

investing.com Investing.com -- Analysts at Goldman Sachs have pushed back when they expect the Federal Reserve to cut interest rates this year, citing comments from central bank officials…

UMich Sentiment & Inflation Expectations Worsen In May (But Bounce From Flash Prints)

zerohedge.com UMich Sentiment & Inflation Expectations Worsen In May (But Bounce From Flash Prints) Today's final UMich sentiment survey data was expected to confirm the ugly preliminary…

Stock market today: Stocks edge higher after biggest wipeout for Dow in a year

finance.yahoo.com US stocks turned higher Friday as Wall Street looked to bounce back from the Dow's biggest wipeout in over a year. The S&P 500 (^GSPC) rose about 0.3%, while the tech-heavy…

Americans aren’t falling for the Biden spin machine’s lies about the economy

thehill.com think the U.S. is in recession. It is not. Almost half (49 percent) think the stock market is down for the year. It is not. The same percentage (49 percent) thinks that…

Investors Fear Mounting US Debt Could Overshadow Bond Rally Ahead Of Presidential Elections

benzinga.com Investors are growing increasingly concerned about the potential impact of the mounting U.S. debt on the bond market, with the issue expected to take center stage as the…

The Australian Dollar Rapidly Depreciates

benzinga.com The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar's robust performance, following…

U.S. core capital goods orders rise in April; higher borrowing costs a constraint

theglobeandmail.com New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a modest improvement in…

US core capital goods orders rise; higher borrowing costs a constraint

aol.com New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a modest improvement in…

Empire Newsletter: SEC still ‘protecting’ investors from yield

blockworks.co Yield too scary The SEC has finally thrown a bone to crypto and made room for spot ether ETFs on US markets. But the regulator is still addicted to “protecting investors”…

Speech by Governor Waller on some thoughts on r*

federalreserve.gov Thank you for the invitation to be here and speak to you today.1 I want to step away from shorter-term questions about the economic outlook and monetary policy to delve into…

Treasury Secretary Janet Yellen Says Many Americans Concerned About High Costs

pymnts.com The high cost of essentials like food, rent and mortgages are weighing on many American consumers, Treasury Secretary Janet Yellen said Thursday (May 23). Yellen said the…

House passes bill barring Federal Reserve from issuing digital dollar

thehill.com The House passed a bill Thursday barring the Federal Reserve from issuing a central bank digital currency (CBDC) unless it has explicit authorization from Congress. The CBDC…

‘Crucial’ Biden And Fed Flip Predicted To Trigger A $20 Trillion Bitcoin Price Earthquake That Boosts Ethereum, XRP And Crypto

forbes.com Bitcoin and crypto have rocketed higher over the last year, powered by Wall Street's arrival, a "seismic shift" in Washington and expectations of a China bombshell.…

Gas prices dip heading into Memorial Day weekend

aol.com Gas prices have come off their peak over the past month and are poised to fall further over Memorial Day weekend as millions of travelers hit the road. AAA projects that…

Rage Against The Inflation Denialists

zerohedge.com Rage Against The Inflation Denialists Authored by Jeffrey Tucker via The Epoch Times, Such strange times. We are living through the most destructive bout of inflation in 45…

Stock market today: Wall Street slumps to worst day since April on worries about interest rates

abcnews.go.com Asian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high Asian…

Week Ahead for FX, Bonds: U.S. and Eurozone Inflation, China PMIs in Focus

wsj.com Focus this week will center on U.S. PCE inflation data as uncertainty remains over when the Federal Reserve will start cutting interest rates, while eurozone inflation…

Why the Stock Market’s Slide After Nvidia Earnings Was ‘Like an Elbow to the Head’

barrons.com It’s never a good sign when an analyst likens the stock market’s action to getting hit hard in the head. The Dow marked its worst day in more than a year on Thursday despite…

3 Financial Services Stocks to Buy Now: May 2024

investorplace.com This sector looks attractive during its Goldilocks moment Over the past few years, investing in financial services stocks has been a case of buying the best and forgetting…