WASHINGTON, Oct 12 (Reuters) - White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season.The supply crisis, driven in part by the global COVID pandemic, not only threatens to dampen U.S. spending at a critical time, it also poses a political risk for U.S. Pre...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold pricesare steady to slightly lower in early U.S. trading Tuesday, giving up modestovernight gains as the U.S. dollar index has moved to its daily high and theU.S. stock indexes have done the same...Read More
Oct 12 (Reuters) - Plume, a Silicon Valley-based startup aiming to give consumers a better WiFi experience, on Tuesday said it raised $300 million mostly from SoftBank Group Corp Vision Fund 2, and is now valued at $2.6 billion.The latest funding round comes only eight months after Plume raised $270 million. It has roughly doubled its valuation since then.Plume also has extended its technology to...Read More
NEW DELHI, Oct 12 (Reuters) - Indian automaker Tata Motors has raised 75 billion rupees ($994 million) from private equity firm TPG's Rise Climate Fund and Abu Dhabi's ADQ to expand its passenger electric mobility business, the company said on Tuesday.Tata will form a separate electric mobility unit in which TPG and ADQ will get between 11% and 15% share against compulsorily convertible shares, va...Read More
BENGALURU, Oct 12 (Reuters) - India’s annual retail inflation eased to 4.35% in September from 5.30% in the previous month, government data released on Tuesday showed.Analysts in a Reuters poll had predicted annual inflation at 4.5%.COMMENTARYRADHIKA RAO, ECONOMIST, DBS BANK, SINGAPORE"The scale of moderation in the September CPI inflation was along expected lines, providing transient relief...Read More
LONDON (Reuters) - Britain has launched a review into speeding up how listed companies can raise funds on stock markets, its latest move to keep London at the forefront of global financial centres after Brexit.Britain's markets raised 30 billion pounds ($41 billion) in new equity last year as companies sought to shore up their finances during the pandemic, but most businesses chose to raise funds...Read More
WASHINGTON (Reuters) - The Democratic-controlled U.S. House of Representatives is expected on Tuesday to give final approval to a Senate-passed bill temporarily raising the government's borrowing limit to $28.9 trillion, putting off the risk of default until early December.Democrats, who control the House by a mere four-vote margin, were expected to maintain party discipline and pass the hard-foug...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar are abit weaker Tuesday on a normal pause in an uptrend. Prices this week hit afive-month high and the Bitcoin bulls have the solid overall near-termtechnical advantage. That sugges...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Silver has in a bit of a consolidation phase on the 4-hour chartbelow. The price has now been stuck just below the red shaded resistance areafor around 25 days. If the bulls are to get a hold of this m...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - International Broker ED&F Man has filed a $284 million lawsuitagainst two Hong Kong corporations, alleging that they knowingly providedfraudulent warehouse receipts for nickel stored in Asia, court doc...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver have both risen overnight. Both major precious metals are around half a percent higher leading into the European open. Elsewhere in the commodities complex, copper is 1% lower while spo...Read More
Key PointsAccording to Moody's, global investment banks could see their profitability come under greater pressure over the next 12 to 18 months.The inverted yield curve, according to Moody's, is another risk for banks.The research further states that slow economic growth and high levels of corporate debt could lead to higher costs for investment banks.Shannon Stapleton | ReutersRatings f...Read More
President Donald Trump raised his demands Monday on the Federal Reserve, calling for the central bank to cut interest rates by a full percentage point and to restart its crisis-era money-printing program.In a pair of tweets again aimed at getting easier monetary policy, the president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis po...Read More
Key PointsPresident Trump has been pressing the Fed to lower interest rates as fears rise that growth could slow.The central bank's benchmark rate is already low, currently targeted between 2% and 2.25%."We're in a little bit of new water," says Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.President Donald Trump wants the Federal Reserve to help he...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 12, 2021 The world is becoming more digital.In time, citizens will partake in blockchain-based games so powerful... that the human brain will believe the game is reality. That’s a disturbing thought, but there are more pleasant aspects to the digital world. To view one of them,...Read More
Peak Prosperity, Released on 10/12/21This video explains why people you know seem to have lost their ability to reason or even be reasonable. Mass Hysteria, or psychosis is a very routine and well-documented part of human history. It also describes well our current circumstances.The key questions are (1) is it deliberate or accidental and (2) either way, what can you do to avoid the worst effects...Read More
Gold Silver (w/ Mike Maloney), Released on 10/12/21Today's video from Mike Maloney is a must-watch. In this clip, you'll learn how the National Debt is a huge open pit that we are constantly digging deeper into the future, while supporting ourselves with nothing but a flimsy trapdoor. It is one of Mike's best analogies to date, we hope it helps your understanding of what we currently face. Enjoy.D...Read More
Rebel Capitalist, Released on 10/12/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More
Stansberry Research, Released on 10/12/21The banking system is functioning as a, "crime syndicate," says Gerald Celente, Trends Journal Founder. Celente tells our Daniela Cambone that he does not use that term lightly, and there are many present red flags clouding the global outlook. He says that the purchasing of corporate bonds is not a capitalism, but merely the merger of state and corporate po...Read More
Wealthion, Released on 10/12/21Energy is suddenly headline news. Oil, which traded at negative prices for a brief moment last year due to the global economic slowdown caused by the pandemic, is now expected by a number of analysts to hit $100/barrel soon. Europe is worried about not having enough natural gas to heat its homes this winter. A petrol shortage in the UK is making it a challenge for fo...Read More