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[CNBC] Stocks tick higher ahead of key inflation data expected this week: Live updates [Axios] U.S. government imposes fee on Nvidia, AMD exports to China [Yahoo/Bloomberg] Trump Bid for Cut of Nvidia, AMD Revenue Risks ‘Dangerous World’ [Axios] White House roils markets with giant tariff revisions [Yahoo/Bloomberg] US Consumers to Bear Brunt of Tariff Hit, […]
It’s a good thing Harry Truman isn’t president now. He asked whether anyone could find him a one-armed economist. He was tired of hearing on the one hand, this, on the other hand, that. Today, he would be apoplectic. On the one hand, Trump’s economic sea changes seem to be working—for now, at least. On […]
[Reuters] Europe stresses need to protect Ukrainian interests ahead of Trump-Putin talks [Yahoo/Reuters] Chinese state media says Nvidia H20 chips not safe for China [Yahoo/Reuters] US Fed’s Bowman: Latest jobs data stiffens support for three rate cuts in 2025 [Reuters] Trump’s 401(k) order offers retirement savers crypto, private assets, but also higher fees and more […]
Wealth Preservation & Creation Despite the mid-summer doldrums typical of the season, this was another active week on Wall Street. Major market stock indexes made new record highs despite the very unhealthy fact that the percentage of S&P 500 members making new 52-week lows is breaking out decisively to the upside. Gold and silver gained, […]
[AP] Zelenskyy rejects formally ceding Ukrainian territory, says Kyiv must be part of any negotiations [Yahoo/Bloomberg] Meta’s $29 Billion Deal Marks Key Moment for Private Credit [Axios] Trump’s China gamble [CNN] Trump made his MAGA Fed pick. His next choice will be far more consequential [Yahoo/Bloomberg] Traders Are Fleeing Stocks Feared to Be Under Threat […]
The Nasdaq100 surged 3.7% this week to close at an all-time high. Powered by Apple 13.3% melt-up, the Bloomberg MAG7 Index surged 5.4% to a record high. August 6 – New York Times (Luke Broadwater and Tripp Mickle): “President Trump and Tim Cook, Apple’s chief executive, announced… Apple would devote $100 billion to additional investment […]
[CNBC] Stocks rise after Dow posts a loss in Thursday’s trading: Live updates [Reuters] Oil set for steepest weekly losses since June as tariffs cloud demand outlook [Reuters] Wall St Week Ahead Inflation data to test stocks as some investors brace for rally to pause [Reuters] J.P.Morgan brings forward Fed rate cut forecast to September […]
While the U.S. demand remains down, global demand for physical gold is surging. Russia and China are challenging the Western pricing dominance as they open their own precious metals exchange to begin swaying control of the metals. Let’s take a look at where precious metals stand as of Wednesday, August 6: The price of gold […]
