News

Posted on October 3, 2024 by James Miller

Gold prices experienced a historic rise this quarter, fueled by U.S. monetary policy changes and heightened tensions in the Middle East. After hitting an all-time high of $2,685.42 per ounce on Thursday, gold has risen over 13% for the quarter, marking its best performance since early 2020. On Monday, gold took a breather, easing 0.9% […]

Posted on October 3, 2024 by James Miller

Russia’s crude oil production in September fell just below its target under the OPEC+ agreement, reaching 8.97 million barrels per day — a decrease of about 13,000 barrels per day from August — according to sources familiar with the Energy Ministry’s data. This production adjustment comes amid increased efforts by OPEC+ members to comply with […]

Posted on October 3, 2024 by James Miller

CVS Health announced the layoff of approximately 2,900 employees, constituting less than 1% of its total workforce. These layoffs primarily target corporate positions rather than frontline roles in stores, pharmacies, and distribution centers. This move is part of the healthcare giant’s previously announced initiative to streamline operations and reduce costs by $2 billion through enhanced […]

Posted on September 18, 2024 by James Miller

Recently, silver prices experienced a notable surge, topping $31 per ounce for the first time since last July. This marks the metal’s strongest gain since August 2020, climbing by 10% and reaching a two-month high.  Investors are eyeing the potential for silver to climb even higher, driven by several factors. Historically, investors have used the […]

Posted on September 13, 2024 by James Miller

On Thursday, gold spot prices reached $2,554.05 per ounce, rising by 1.7%. The market anticipation of a forthcoming Fed interest rate cut spurred this new record. U.S. gold futures also climbed by 1.5% to settle at $2,580.60. This rise aligns with recently released U.S. economic data showing a slowdown, which bolsters expectations of reduced interest […]

Posted on August 29, 2024 by James Miller

Speaking at the Jackson Hole Economic Policy Symposium last weekend, Federal Reserve Chair Jerome Powell signaled an upcoming review of the Fed’s strategy while preparing for potential interest rate cuts in the coming months.  The review, the first since 2020, comes after a period marked by unprecedented challenges, including the COVID-19 pandemic, significant fiscal stimulus, […]

Posted on August 22, 2024 by James Miller

This week, gold prices stabilized above the significant $2,500 price per ounce mark as traders anticipate the Federal Reserve’s next steps. The prevailing expectations that the Fed will begin easing monetary policy with a 25-basis-point rate cut in September are supporting the gold markets. The price of gold has significantly increased over the past year. […]

Posted on August 16, 2024 by James Miller

Recent data on consumer prices suggests that inflation is easing, with the annual Consumer Price Index (CPI) slowing to 2.9% last month – the lowest since March 2021. The monthly increase in consumer prices was a modest 0.2%, primarily driven by rising housing costs, which contributed to nearly 90% of this increase. Despite a general […]

Posted on August 14, 2024 by James Miller

The recent spike in U.S. inflation, which has persisted over the past three years, is beginning to decrease, largely thanks to American consumers. Companies like Amazon and Disney report that customers increasingly opt for more affordable alternatives, driving businesses to slow down or even cut their prices. Economists note that while consumer spending remains strong, […]

Posted on August 12, 2024 by James Miller

Private credit firms like Fortress Investment Group, KKR & Co., and Carlyle Group Inc. have increasingly invested in consumer loans across Europe and the U.S. This is amidst rising unemployment and economic uncertainties and is a shift as these firms seek new investment avenues due to compressed returns in traditional corporate financing. The industry, which […]