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When Adam Smith penned his seminal work An Inquiry into the Nature and Causes of the Wealth of Nations, he discussed the concept of the “unseen hand” at work in markets. When he did that in the years leading up to 1776, he was writing to a West that was still predominantly Christian, so it […]
[CNBC] Trump inauguration live updates: TikTok, energy and crypto are eager for ‘day one’ executive actions [Axios] Trump to hold off on tariffs, report says, cheering markets [Yahoo/Bloomberg] US Futures Jump on Tariffs Relief, Dollar Stumbles: Markets Wrap [Yahoo/Reuters] Oil Dips Toward $80 as Market Braces for Second Trump Term [Yahoo/Bloomberg] Trump to Declare National […]
[CNN Live Updates] Gaza ceasefire begins with three Israeli hostages set to be freed [Yahoo/Bloomberg] TikTok goes dark for US users as law banning platform set to take effect [AP] Extreme cold forecast for much of US in coming days [Axios] What to know about Trump’s inauguration [Yahoo/Bloomberg] Georgia Halts Poultry Sales in State After […]
Good for Gold This was another interesting week in the wild world of Wall Street. The big market-moving news surrounded Wednesday’s release of Consumer Price Index (CPI) data. Over the last months, “the Street” has turned increasingly cautious over the outlook for more Federal Reserve rate cuts as progress on the inflation fight has stalled […]
[Reuters] CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes [Reuters] TikTok faces US ban deadline as users brace for fallout [Yahoo/Reuters] Trump team plans wealth-fund revamp for federal agency, Bloomberg News reports [Yahoo Finance] Trump will inherit a housing market creaking under the strain of high prices and high […]
Some things are just irresolvable. Religious conflict and abortion are issues that come quickly to mind, along with whether tax cuts spur growth sufficient to hold fiscal deficits in check. The bond market won’t be weighing in on religion or women’s rights. January 16 – Reuters (Lawrence Delevingne, Yoruk Bahceli, Davide Barbuscia and Dhara Ranasinghe): […]
[Yahoo/Bloomberg] US Stocks Gain as Fed Rate-Cut Bets Revive: Markets Wrap [Yahoo/Bloomberg] Oil Heads for Fourth Weekly Advance on Sanctions Risk to Supply [Yahoo/Reuters] US single-family housing starts increase in December [Reuters] Morning Bid: Waller and Bessent help peg back Treasury yields [Reuters] Displaced Los Angeles homeowners face price gouging after wildfires [Yahoo/Bloomberg] US-China Trade […]
The markets are sitting with bated breath ahead of the inauguration of President Trump. However, precious metals continue to show strength. Let’s take a look at where prices stand as of this recording, January 15: The price of gold is up 1.3%, sitting at around $2,695. The price of silver is up 1.8% at $30.66. […]
