(Reuters) - Wells Fargo & Co reported a rise in third-quarter profit on Thursday as the bank released funds set aside to cover soured loans brought on by the COVID-19 pandemic.The fourth-largest U.S. bank has operated since 2018 under consent orders from the Federal Reserve and two other U.S. financial regulators to improve governance and oversight, with the Fed also capping its assets at $1.95 tr...Read More
(Reuters) -Morgan Stanley on Thursday reported a bigger third-quarter profit than expected, as it closed more deals and generated a record $1.27 billion from advisory business during the three months.The Wall Street bank benefited from global mergers and acquisitions touching a new high, with deals totaling $1.52 trillion being announced in the three months ended Sept. 27.The figure represents a g...Read More
WASHINGTON, Oct 14 (Reuters) - The Biden administration on Thursday began a process to amend federal procurement rules to require the U.S. government - the world's largest buyer of goods and services - to factor the risks of climate change into its contracts.The administration put out a notice of proposed rulemaking seeking input over 60 days from federal contractors on an amendment to the Federal...Read More
GENEVA (Reuters) - U.S. Trade Representative Katherine Tai on Thursday affirmed the Biden administration's commitment to the World Trade Organization (WTO), saying that reforms were possible as the body readies for a major ministerial conference next month.The 25-year-old global trade body is facing questions about its relevance and director-general Ngozi Okonjo-Iweala is under pressure to deliver...Read More
WASHINGTON (Reuters) - President Joe Biden is pushing to ease supply shortages and tame rising prices in time for Christmas, but unsnarling U.S. supply lines could take far longer, experts told Reuters.Biden brought together powerbrokers from ports, unions and big business on Wednesday to address shipping, labor and warehousing pain in the U.S. supply chain, and announced new around-the-clock port...Read More
Oct 13 (Reuters) - Group of Seven advanced economies said on Wednesday that any digital currency issued by a central bank must "support and do no harm" to the bank's ability to fulfill its mandate on monetary and financial stability, and must also meet rigorous standards.If issued, a central bank digital currency (CBDC) would complement cash and could act as a liquid, safe settlement asset and an...Read More
LONDON, Oct 13 (Reuters) - A collapse in cryptocurrencies is a "plausible scenario" and rules are needed to regulate the fast-growing sector as a "matter of urgency", Bank of England Deputy Governor Jon Cunliffe said on Wednesday.Risks to financial stability from the application of crypto technologies are currently limited, but there are a number of "very good reasons" to think that this might not...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 prices areposting modest gains in early U.S. trading Thursday and hit four-week highs overnight.The metals are being propelled higher by improving near-term chart postures, theU.S. dol...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. dollarare higherand hit a five-month high Thursday. The Bitcoin bulls still have the solidoverall near-term technical advantage and gained more power today, to suggestat least sideways-to-...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) - Barrick Gold (ABX) reported preliminary Q3 sales of 1.07 million ounces of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.09 million ounces of gold and 100 milli...Read More
Mr. Peter Dembicki reportsTIER ONE SILVER CHANNEL SAMPLES 20 METRES OF 293.8 G/T AGEQ AT NEW CAMBAYA TARGET ON THE CURIBAYA PROJECTTier One Silver Inc. has received high-grade channel sampling results from the recently identified Cambaya target at the Curibaya project in southern Peru. The results from the first 20 channel samples taken from Cambaya have defined an area one kilometre by 600 metres...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) - Exports of Lithium fromPort Hedland have jumped from 10,494 dry metric tonnes in August to 62,230 drymetric tonnes in September, according to monthly data from Pilbara PortsAuthority. In July, Port Hed...Read More
The Morgan Report, Released on 10/14/21David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him...Read More
The Daily Gold, Released on 10/14/21The narrative of growth and inflation plus expectations of higher real interest rates has hurt Gold. When the narrative shifts to stagflation & associated problems from inflation, Gold outperforms. Inflation has to persist for several quarters for damage to be done and the narrative to shift. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of t...Read More
Technical Analysis: TheTechnicalTraders Review, Released on 10/14/21Trend, Cycles, and Risk-On/Risk-Off is the key to consistent growth and profits. It's all here for you.Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic....Read More
The Joe Rogan Experience, Released on 10/14/21Taken from JRE #1719 w/Michael Shellenberger: https://open.spotify.com/episode/5Nxz...Michael Shellenberger is a journalist and author. His latest book, "San Fransicko: Why Progressives Ruin Cities (#CommissionsEarned)," will be published on October 12, 2021.As an Amazon Associate I earn from qualifying purchases.Michael Shellenberger on Climate Change...Read More
I LOVE PROSPERITY, Released on 10/14/21Economic Collapse is coming and it will also affect the supply chains and more. Bill Holter explains what this may look like, how to prepare, and talks about Gold and SIlverContact Bill Here - [email protected]Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prio...Read More
The LaRouche Organization, Released on 10/14/21Mark Carney, Climate Change Tsar for the U.N., and former Director of the Bank of England, laid out in an Oct. 12 interview what the Green New Deal is. He said it will require between $100 and $150 TRILLION to be spent over 30 years in new "green" technology. To do this, he said, requires a change in financial "plumbing". He is demanding a "Reset" tha...Read More
Palisades Gold Radio, Released on 10/14/210:00 - Introduction0:38 - Coming Energy Cliff2:58 - EROI, Gas, & Coal5:47 - Coal & China Brownouts7:47 - Green Energy Concerns14:38 - Impact on Markets17:22 - E.R.O.I19:36 - Shale Oil & Debt26:06 - Offlined Production27:06 - Energy Inventories31:18 - Gold, Bonds, & Input Costs33:39 - Crypto & Complexity39:08 - Energy & The Elite40:54 - LNG & Extreme Costs4...Read More
Wall St. For Main St., Released on 10/14/21Social Security cost-of-living adjustment will be 5.9% in 2022, biggest annual hike in 40 years https://www.cnbc.com/amp/2021/10/13/s...Cost-of-Living Adjustment (COLA) https://www.investopedia.com/terms/c/...?>>?Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysi...Read More