In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decad...Read More
?EUR
Watch the live Monday, July 29 edition of The Alex Jones Show, from 11am-3pm CT as he breaks down his warning to President Trump about the ongoing censorship of conservatives!Read More
For years, New York State has lagged behind its progressive-minded peers in the area of marijuana prohibition. As states like California, Massachusetts, Vermont and even Continue...Read More
The monthly European alloy steel surcharges for August have increased from the levels for July following a recent surge in nickel prices, Fastmarkets heard on Monday July 29.Fsatmarkets' stainless steel cold-rolled sheet, 2mm grade 304 alloy surcharge, domestic, Europe, is likely to rise to ?,?1,337-1,382 ($1,487-1,537) per tonne for August, according to data released by Outokumpu, Acerinox and Ap...Read More
The Federal Reserve is expected to cut rates for the first time since 2008 at this week's meeting but is likely to pause the rate cut cycle after that, this according to Peter Boockvar, CIO of Bleakley Advisory Group."It's usually not just one cut, it's usually the beginning of a rate cutting cycle, and they're hoping for more, but I don't think the Fed is initially going to give the market any ti...Read More
On Friday, the ECB made a surprise announcement about a 20 year old gold sales agreement.Europe's central banks ditch 20-year-old gold sales agreement https://www.reuters.com/article/europ...This is similar to how the London Gold Pool ended: https://en.wikipedia.org/wiki/London_...The Gold Cartel: Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future by Dim...Read More
For some unexplained reason, investors naively believe that in a country where, by now everyone knows that all the official government data is fake and manipulated andContinue...Read More
"We have been clear in our assessments of Russian meddling in the 2016 election and their ongoing, pervasive efforts to undermine our democracy, and we will continue to provideContinue...Read More
"The E.U. and China will further lower interest rates and pump money into their systems, making it much easier for their manufacturers to sell product. In the meantime, and with very low"Continue...Read More
"Our work shows that gold is now more important than the drug trade for the survival for the Maduro regime," Continue...Read More
China's stainless crude steel production increased over the first six months of 2019 amid steady growth in demand.Stainless steel mills produced 14.35 million tonnes of stainless crude steel in January-June period, up 1.13 million tonnes - or 8.51% - from an adjusted 13.22 million tonnes in the first half of last year, according to the China Stainless Steel Council (CSSC) late last Friday Jul...Read More
The Critical Investor looks beyond the headlines to analyze the factors behind the company's sale of its JV share to its partner. Puna Operation, Chinchillas MineGolden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) surprised the markets with its sale of its 25% interest in Puna Operations to majority JV partner SSR Mining Inc. (SSRM:NASDAQ), right at a time where precious metals seemed...Read More
Global crude steel production was at 158.98 million tonnes in June, up 4.6% from 152 million tonnes a year ago, according to data released by the World Steel Association (Worldsteel).Output from Chinese steelmakers was 87.53 million tonnes, a 10% increase from 79.59 million tonnes in June 2018. India's output rose 4% to 9.34 million, while Japanese...Read More
The Fed meeting and U.S.-China trade talks are just two things in focus this weekIt was a choppy start to a busy trading week, as speculators looked ahead to a crowded economic calendar -- which includes this week's Fed meeting -- as well as the latest round of U.S.-China trade talks. And at the start of a jam-packed earnings docket, blue chip Pfizer (PFE) dropped after the pharmaceutical concern...Read More
Chipotle has received tons of analyst love in 2019U.S. stocks are trading mixed before this week's Fed meeting. In the meantime, we're checking out the moves from restaurant names Chipotle Mexican Grill, Inc. (NYSE:CMG), Jack in the Box Inc. (NASDAQ:JACK), and Wendy's Company (NASDAQ:WEN). Here's how the shares of CMG, JACK, and WEN are trading today. Analysts Keep Betting on CMG SharesWall Street...Read More
China's stainless crude steel production increased over the first six months of 2019 amid steady growth in demand.Stainless steel mills produced 14.35 million tonnes of stainless crude steel in January-June period, up 1.13 million tonnes - or 8.51% - from an adjusted 13.22 million tonnes in the first half of last year, according to the China Stainless Steel Council (CSSC) late last Friday Jul...Read More
The European Respiratory Society accepted Pieris' asthma presentationDrugmaker Pieris Pharmaceuticals Inc (NASDAQ:PIRS) is enjoying a huge surge today, after the European Respiratory Society (ERS) accepted the firm's early-stage study of its asthma treatment PRS-060. The company will present to the ERS' International Congress on Oct. 1. PIRS is now eyeing its best day in over two years -- up 24%...Read More
Brazilian steel and iron ore producer Usiminas plans to sell a total of 9 million tonnes of iron ore this year, while production is expected to remain close to 8 million tonnes, chief executive officer of the company's mining unit, Carlos H?(C)ctor Rezzonico, said on Friday July 26.Last year, Usiminas's mining division produced 5.65 million tonnes of iron ore and sold a total 6.47 million tonnes.T...Read More
By: Gary Savagehttp://blog.smartmoneytrackerpremium.com/Read More