(Bloomberg) — Gold traded little changed as investors weighed rising geopolitical risks in the Middle East against an inflation warning from the Federal Reserve that raises the possibility of fewer US rate cuts. Most Read from Bloomberg Bullion hovered near $3,369 an ounce as trading wound down in London, with activity muted because US markets
(Bloomberg) — Gold advanced after US economic data supported the case for the Federal Reserve to continue cutting interest rates this year. Most Read from Bloomberg The latest data showed producer prices in the US unexpectedly declined by the most in five years. Separate data showed retail sales barely rose. Treasury yields fell, and swaps
In other words, companies were already carrying extra inventory before President Trump unveiled his aggressive view on tariffs. “Excess imports combined with inventory rundowns gives companies about 1 to 2 months before the tariff impacts start to bite,” Chadha said. Companies are preparing for tariff uncertainty by buying inventory two-to-three months out. · Bloomberg So
05/10 update below. This post was originally published on May 9 Bitcoin and crypto prices have rocketed higher this week as a perfect storm gathers for risk assets. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000%
Bitcoin and crypto prices have rocketed higher this week as a perfect storm gathers for risk assets. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus gains!” The bitcoin price has smashed $100,000 per bitcoin for
The steep recovery in equity markets over the past two weeks is typical of bear market rallies, and the erratic swings mean almost every investor will experience pain whichever direction the market suddenly moves. Goldman Sachs Group (GS) strategist Peter Oppenheimer said “the asymmetry for equity investing is poor. Sharp rallies within bear markets are
Netflix (NFLX), Warner Bros. (WBD), and other media stocks fell Monday following President Trump’s call for a 100% tariff on all foreign-produced films. Stocks recouped steeper losses by mid-morning, although Netflix continued to lead the declines, down about 2%. Warner Bros. Discovery and Paramount Global (PARA) slipped around 1% after also recovering from earlier session
Netflix (NFLX), Warner Bros. (WBD), and other media stocks fell Monday following President Trump’s call for a 100% tariff on all foreign-produced films. Stocks recouped steeper losses by mid-morning, although Netflix continued to lead the declines, down about 2%. Warner Bros. Discovery and Paramount Global (PARA) slipped around 1% after also recovering from earlier session
Two readings on activity in the services sector painted a mixed picture of the state of US economic activity. The Institute for Supply Management’s ISM services index increased to 51.6 in April, its highest reading since January 2023. “Regarding tariffs, respondents cited actual pricing impacts as concerns, more so than uncertainty and future pressures,” Chair
The price of gold has been on a monumental rally in recent weeks, driven by renewed demand amid rising economic and geopolitical tensions. Experts credited the surge to buying from the Asian market, and China in particular, telling Newsweek that gold bugs in both the public and private spheres appear to be increasingly banking on