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[Yahoo/Bloomberg] U.S. Stocks Mixed, Treasuries Fall After CPI Data: Markets Wrap [Reuters] World shares, dollar hit pause ahead of U.S. inflation data [CNBC] U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate [Yahoo/Bloomberg] Gain in U.S. CPI Exceeds Forecasts, Fuels Inflation Concern [Yahoo/Bloomberg] U.S. Initial Jobless Claims Decline for a Sixth Consecutive Week [AP] […]
[Yahoo/Bloomberg] Dollar Stalls, Yields Ease as Stocks Trade Mixed: Markets Wrap [Reuters] Bond yields hit fresh 1-month low as taper bets recede [Yahoo/Bloomberg] Newest Meme Stocks Extend Gains With No Sign of Craze Fading [Reuters] U.S. mortgage applications decline with a drop in refinancing -MBA [Reuters] U.S. Senate passes sweeping bill to address China tech […]
Freedom of discussion and the return of the salon Politicians create and leverage disagreement to grab power Employers cannot seem to get people back to work The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Crises is Perfect Cover for Political Mischief June 8, 2021 “We want to be loved, we want to […]
[Yahoo/Bloomberg] Stocks, Treasuries, Dollar Advance Amid Inflation Caution: Markets Wrap [Reuters] Global Markets – Dollar shuffles higher, shares bask near peaks [Reuters] Gold prices hover near $1,900/oz on subdued U.S. dollar, yields [Yahoo/Bloomberg] Oil Extends Drop With Rally Pausing After Bouncing Off 2018 High [CNBC] Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline […]
[Reuters] Stocks pinned near record highs as markets digest U.S. jobs data, global tax deal [Reuters] Oil eases as investors await Iran nuclear talks this week [Reuters] From lapsing job benefits to full stadiums, June could be U.S. recovery’s pivot [Yahoo/Bloomberg] Energy chief cites risk of cyberattacks crippling power grid [Yahoo/Bloomberg] Frozen But Not Forgiven, […]
[Yahoo/Bloomberg] Bitcoin Drops Amid Weibo Crypto Suspensions, Goldman CIO Survey [AP] US economy: Plenty of growth, not enough workers or supplies [AP] States rebound from bleak forecasts to pass record budgets [Yahoo/Bloomberg] ECB Isn’t About to Flinch at First Sign of a Recovery: Eco Week [Dow Jones] China’s Tech Clampdown Is Spreading Like Wildfire [Reuters] […]
[Yahoo/Bloomberg] G-7 Strikes Historic Deal to Revamp Global Tax on Tech Firms [Reuters] G7 finance ministers agree global minimum tax of at least 15% [Reuters] G7 nations strike deal to tax big companies and squeeze havens [Reuters] Factbox: G7 agreements on tax, climate and recovery [Yahoo Finance] Small businesses hike pay, struggle to hire workers […]
U.S. Non-Farm Payrolls increased 559,000 in May, about double April’s 278,000 gain, but still below the 675,000 consensus forecast. Average Hourly Earnings rose a stronger-than-expected 0.5% for the month, with back-to-back robust monthly earnings gains (April up 0.7%). The Unemployment Rate declined to 5.8% from April’s 6.1%, to the lowest level since April 2020. It’s […]
