News

Posted on March 11, 2024 by James Miller

In January, the amount Americans borrowed exceeded expectations, with non-revolving credit experiencing its most significant increase in seven months. The Federal Reserve’s Thursday release shows total credit swelled by $19.5 billion, eclipsing December’s revised uptick of $919 million. Consumer credit outstanding has now hit an all-time high of $5.04 trillion. Specifically, non-revolving credit, covering car […]

Posted on March 7, 2024 by James Miller

Gold surged to a historic peak on Mar. 6, primarily fueled by expectations of U.S. monetary policy easing. The gold spot price hit $2,145.09 per ounce, while palladium crossed the $1,000 mark for the first time since Jan. 12. The price of gold climbed by 0.8%, reaching an unprecedented peak of $2,152.09 earlier in the […]

Posted on March 6, 2024 by James Miller

Business economists now forecast a 2.2% growth rate for the U.S. economy in 2024, adjusting for inflation, signaling stronger-than-expected economic resilience despite the challenges of high interest rates aimed at controlling inflation. Economists report the U.S. economy’s strength as the basis for the upbeat forecast. Sustained consumer spending, a stable job market, and government and […]

Posted on March 1, 2024 by James Miller

Germany is likely experiencing a recession, according to the Bundesbank. The nation’s economy is hindered by weak external demand, cautious consumer behavior, and high borrowing costs impacting domestic investment. This downturn is partly attributed to increased energy costs following Russia’s invasion of Ukraine in 2022, marking a period of stagnant or negative growth for Europe’s […]

Posted on February 28, 2024 by James Miller

Investors and markets face fresh uncertainty as oil prices swing around $78 a barrel, influenced by growing U.S. inventories and the possibility of extended supply reductions by OPEC+. The recent climb in U.S. crude stockpiles, although less than anticipated, unsettles forecasts and impacts perspectives on global demand and supply balance. Despite the inventory build, oil […]

Posted on February 28, 2024 by James Miller

As spring approaches, the housing market braces for higher mortgage rates and tighter inventory, signaling a new norm for buyers and sellers alike. Per the National Association of Realtors, the market has shown signs of activity resurgence, with existing home sales seeing increasing 3.1% from December to January. This period also saw a slight 2% […]

Posted on February 27, 2024 by James Miller

A deal to merge Capital One and Discover Financial, valued at $35.3 billion, is poised to reshape the financial landscape, enhancing the combined entity’s influence in the global payment network. Shareholders of Capital One and Discover will hold 60% and 40% stakes, respectively, in the merged company. Richard Fairbank, CEO of Capital One, sees the […]

Posted on February 26, 2024 by James Miller

Aris Mining Corporation, a prominent gold producer in the Americas, is scheduled to release its full-year operations and financial results for 2023 on March 6, 2024.  The Vancouver-based company will also host a conference call on March 7 to discuss these outcomes, offering webcast and telephonic participation options for interested parties. The company’s strategic expansion […]

Posted on February 26, 2024 by James Miller

Inflation’s persistent rise has left American consumers reconsidering their loyalty to brands that have escalated prices. This is particularly noticeable in the food industry, with brands like Panera Bread losing their devoted customers due to a significant hike in soup prices. As reported by NBC News, Brooke Benson of Orlando, Fla., says that the price […]

Posted on February 21, 2024 by James Miller

Despite facing three years of market downturns and geopolitical tensions, U.S. asset managers are gearing up for a recovery in China’s markets by launching new investment products. They are betting on a rebound, encouraged by lower stock valuations in China compared to the U.S. China’s financial markets have struggled due to a property crisis, slower […]