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The content creators whose work is summarized below are financial professionals who wax eloquent on matters monetary and economic week after week. It’s a worthwhile endeavor given the critical nature of money and finance in the life of every home economist in every country. And crucially, every two years in America: as goes the economy, […]
[Yahoo/Bloomberg] Gold Surges to Record on Weaker Dollar, Risk of US Shutdown [CNBC] Stocks jump as AI names rebound, EA surges on on takeover: Live updates [Yahoo/Bloomberg] Oil Dips as Traders Zero in on Prospect of More OPEC+ Supplies [AP] Government shutdown draws closer as congressional leaders head to the White House [Reuters] Republicans urge […]
[Reuters] Wall St Week Ahead: Investors look to jobs data to support rate-cut path, pricey stock market [Yahoo/Bloomberg] Subdued US Job Growth Expected in Advance of Fed Meeting [Yahoo/Reuters] OPEC+ plans another oil output hike in November, sources say [Yahoo/Bloomberg] Trump Orders US Troops to Portland Citing Anti-ICE Protests [Axios] Where tariffs are hiding, and […]
[Axios] Scoop: Congressional trips canceled ahead of potential shutdown [Yahoo/Reuters] South Korea cannot pay $350 billion to US for tariff deal as Trump suggests, top aide says [Axios] “The first domino”: Comey indictment sets MAGA retribution in motion [ABC] Defense Secretary Pete Hegseth to tell hundreds of generals about the ‘warrior ethos’ in rare gathering: […]
Enjoy the Ride This author is currently engaged in a terrifying test. For the first time, I’m solely responsible for taking care of my 16-month-old son for multiple days while my wife is out of town. Luckily, he’s a wonderful little guy who’s being (mostly) merciful to his dad while certainly providing much joy. That […]
It might have been subtle, but it was reminiscent of early April. During Tuesday and Wednesday trading, KKR’s stock suffered a 6.1% drop – the largest two-day downdraft since April 10/11. Fellow “private-Credit” players Apollo fell 4.7%, Blackstone 4.1%, and Ares Management 7.6%. AI behemoth Nvidia suffered a 3.6% drop, correlation with the “private-Credit” stocks […]
[CNBC] Stocks rise after in-line PCE inflation report: Live updates [Yahoo/Bloomberg] Gold Heads for Sixth Weekly Gain on Risk-Off Tone and ETF Flows [AP] Asian shares tumble after Trump says he will impose new tariffs on drugs and other goods [CNBC] Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows [Yahoo/Reuters] […]
Following last week’s rate cut, precious metals all saw strong upwards movement, with silver up almost 6% and platinum up a staggering 8%. Gold climbed up 2% and futures saw it breaking $3,800. Equities held close to record high levels, and the dollar slightly rebounded following the sharp Fed-driven drop. Let’s take a look at […]
