Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns

fortune.com U.S. debt is soaring to record levels, and the Treasury Department squandered an opportunity to help ease the burden on Gen Z, a former White House economist warned. That’s…

Interest Rates Slashing Soon, Predictions Pointing to 1-2%

tftc.io Interest rates are a pivotal component of the economy, influencing investment, consumption, and inflation. Understanding their movement is critical for predicting economic…

Russia's economy has propped up Putin amid Western sanctions, but a key weak spot is emerging in the Arctic

fortune.com Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a…

US Pushing G-7 To Accept Long-Term $50 Billion Aid Package For Ukraine

zerohedge.com US Pushing G-7 To Accept Long-Term $50 Billion Aid Package For Ukraine As part of the latest in the Western allies' (some of them at least) controversial push to confiscate…

‘News on Facebook is dead’: memes replace Australian media posts as Meta turns off the tap

theguardian.com Meta has refused to enter into new deals with Australian media publishers for the use of their content on Facebook, leading to fears it may again implement a ban on news…

BRICS: BlackRock Issues Huge US Dollar Warning

watcher.guru As BRICS’ de-dollarization mission continues in 2024, investment management company BlackRock has issued a major warning about the US Dollar. The company is warning…

Are We Destroying The Economy On Purpose?

zerohedge.com Are We Destroying The Economy On Purpose? Submitted by QTR's Fringe Finance In one of the most fascinating discussions I’ve had in a while, I spoke last weekend with my…

Markets worry Treasury yields could jump back to levels that sparked chaos last October

markets.businessinsider.com The benchmark 10-year Treasury yield is hovering below levels that caused a massive crash last fall. • Yet, persistent inflation and weak Treasury auctions could boost…

Yellen counsels caution on currency intervention after yen surge

finance.yahoo.com US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the…

The legacy of Thatcher's Right to Buy

theweek.com Early this year, a biography by the Tory peer Lord Ashcroft of Angela Rayner, Labour's deputy leader, accused her of failing to pay a capital gains tax bill when she sold…

An embargo is an agreement, not a crypto PR hype tactic

dlnews.com One of the least understood aspects of journalism is the news embargo. Not all journalists know how it works. Most readers are probably unaware that it exists. Embargoes…

Disney may give stocks reason to cheer

thestreet.com Sometimes bad news is good news. It certainly seemed that way on Friday. The Labor Department reported job growth in April waned from a big jump reported in March. Investors…

Chinese Graphite: US Carmakers Win Easier EV Tax Credits

asiafinancial.com The US has eased mineral requirement rules for electric-vehicle batteries, which will allow flexibility on key trace elements such as graphite from China. The Treasury…

Elon Musk has turned Tesla into a meme stock as he tells Wall Street to value the EV maker like an AI company, top economist says

aol.com Elon Musk is no longer over-delivering like he used to, but he is still over-promising, according to a top economist, who pointed to the Tesla CEO's recent insistence that…

Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here

newsbtc.com Crypto research platform 10x Research recently noted that the Bitcoin Relative Strength has jumped to 40%. In line with this, they provided insights into what major moves…

Berkshire Hathaway annual shareholders meeting: Warren Buffett talks Apple, AI, Paramount, and more

finance.yahoo.com The Berkshire Hathaway (BRK-A, BRK-B) annual shareholders meeting on Saturday was the first in a new era for the conglomerate. Saturday's meeting marked the first time CEO…

David Stockman On The $1.3 Trillion Elephant In The Room

zerohedge.com David Stockman On The $1.3 Trillion Elephant In The Room Authored by David Stockman via InternationalMan.com, These people have to be stopped! We are talking about the…

Analysts Predict Biggest Altcoin Market Rally To $4 Trillion Market Cap

coingape.com Recent data releases from the US provided a visible lift to the market, also supported by a dovish Federal Reserve and the Quick Rate Adjustment (QRA). The employment data…

Governments Cause Inflation And Hurt Bond Investors

zerohedge.com Governments Cause Inflation And Hurt Bond Investors Authored by Daniel Lacalle, The Fed’s preferred inflation measure rose 2.8% in March from a year ago. This is the core…

As Predicted Warren Buffett Slashes Holdings In Apple Shares

247wallst.com If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing…

Tories might not hold autumn statement pledging more tax cuts before election

theguardian.com Jeremy Hunt and his team are considering not holding another tax-cutting autumn statement before the next election, amid uncertainty about the public finances. The…

Spending cuts are often false economies that end up costing society dearly

theguardian.com Every government looks to save money. Sometimes, it’s a priority to reduce spending, as with post-2010 austerity. Even when overall spending is rising, politicians may…

Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market - Apple (NASDAQ:AAPL)

benzinga.com The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises. The Fed now plans to hold rates…

Don’t Wait for Fed to Cut Rates. Profit Now!

investorplace.com Investors wait for the Fed starting gun … earnings provide profits no matter what … and why traders love market volatility After this week, I feel a little like Inigo…

Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom

newsbtc.com Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the current Bitcoin price action. He stated that the flagship crypto has hit a local…

Berkshire Hathaway annual shareholders meeting: Warren Buffett takes stage without Charlie Munger for first time

finance.yahoo.com The Berkshire Hathaway (BRK-A, BRK-B) annual shareholders meeting on Saturday will be the first of a new era for the conglomerate. For the first time in decades, Warren…

Berkshire Hathaway Trims Its Apple Investment and Has $189 Billion in Cash

finance.yahoo.com Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) reported first-quarter results on Saturday, and there's quite a bit to unpack. In addition to the headline revenue and earnings…

Warren Buffett's company dumped stocks and grew its cash pile to a record $189 billion last quarter

aol.com None Warren Buffett's Berkshire Hathaway grew its cash pile to a record $189 billion last quarter. • None Buffett's company added $21 billion to its stash of cash and…

Why April Was Supposed to be a Strong Month for the Market… Here’s What Happened Instead

investorplace.com Let’s take a look back at the month of April and why it was a bit of a disappointment… Editor’s Note: Hi, folks. Before we get into our Market 360 for the day, I wanted to…

BTC-e Operator Pleads Guilty to Money Laundering Conspiracy

justice.gov A Russian national pleaded guilty today to conspiracy to commit money laundering related to his role in operating the cryptocurrency exchange BTC-e from 2011 to 2017.…

Hayes: Bitcoin Bottom is In, Slow and Steady Growth Ahead

bitcoinnews.com Former BitMEX CEO Arthur Hayes has recently made predictions about bitcoin’s future trajectory. In a recent blog post, Hayes shares his analysis of the recent market…

Wall Street joins Main Street in the bear cave for next week as gold’s price momentum wanes

kitco.com The gold market had plenty to digest this week, with manufacturing and services sector data, nonfarm payrolls, and the FOMC rate decision, and while precious metals prices…

Fed's Williams says 2% inflation target 'critical'

aol.com PALO ALTO, California (Reuters) -The U.S. central bank's 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York…

US senators warn on Iran Bitcoin mining industry, demand officials answer questions about revenue

dlnews.com Senators warn on Iran Bitcoin mining US senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) this week warned in a letter to government officials that Iran’s Bitcoin…

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

apnews.com Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data…

EV tax credit rules get extension in big win for automakers

teslarati.com The electric vehicle tax credit rules got an extension on Friday as the U.S. Department of the Treasury will allow some crucial trace minerals from China to be included in…

Stock market today: US stocks end the week higher after solid earnings and Goldilocks jobs report

markets.businessinsider.com US stocks soared on Friday, with the Nasdaq 100 closing higher by about 1% for the week. • "The case for rate cuts got a little stronger today. Goldilocks could be making a…

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

abcnews.go.com The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price…

Pyth Network, Aavo, Memecoin, and Starknet set for over $2 billion token unlock this month

cryptobriefing.com Several crypto projects are poised for significant token releases in May, with Aavo, Pyth Network, Memecoin, and Starknet at the forefront. from Token Unlocks indicates that…

Ondo Finance Falls Behind ETFSwap (ETFS), Celestia (TIA) And Polkadot (DOT) Suffer Losses

ambcrypto.com Market dynamics have led to some notable developments in the crypto space lately. One is how Ondo Finance (ONDO) has fallen behind ETSwap (ETFS) in the battle among Real…

Where are the debt vigilantes? Right now, they’re missing in action

theglobeandmail.com There is a puzzle in financial markets. At the heart of it is a simple question: Where the heck are the bond vigilantes? People of a certain age will remember the…

How much is too much? The growing backlash against wealth

theglobeandmail.com Last week, as bolts of outrage generated by the federal government’s rewiring of the capital-gains tax continued to flash in all directions across the sky, The Very Very…

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

apnews.com The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading…

Why Wall Street is so happy to see the job market slowing down

finance.yahoo.com None Stocks soared Friday after a light April jobs report gave investors hope of a rate cut sooner than later. • None Expectations have been pushed out in recent weeks…

Stocks jump, yields drop as Fed cut hopes bloom

investing.com A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would…

Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales

fortune.com The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading…

Market Rally Makes Bullish Move, Nvidia A Buy

investors.com Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Warren Buffett's Berkshire Hathaway (BRKB) reports Saturday morning followed by…

Stock Market Today: S&P 500 ends higher as weaker jobs data boost rate cut hopes By

investing.com Investing.com-- The S&P 500 surged Friday as Apple led a surge in tech just as data showed jobs gains fell short of expectations in April, lifting hopes that the Federal…

Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon

newsbtc.com Crypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In…

Stock market today: Shares rip higher after weak jobs report

newsweek.com U.S. markets ended the week on a high note as treasury yields fell after the April jobs report came in weaker-than-expected, giving hope to investors that the Fed could cut…