Part IV: Conclusions Summary Monetary systems have evolved over centuries, and there is nothing inherently “permanent” about the current system, which is composed of “public” money (i.e., paper bills that are the liabilities of central Read more…
Traders are betting the Fed will take a sledgehammer to crush inflation, but that wasn’t enough to really boost the dollar until fears of armed conflict in Ukraine sent investors into the reserve currency’s safety. Read more…
Nevada sports book were big winners from the big game Sunday as betters wagered a record amount on the 2022 Super Bowl. The Super Bowl has helped bring Sin City back. Las Vegas is a Read more…
Sea’s share price fell after India banned one of its premier video games, Free Fire. Ark picked up more than 145,000 shares. Investment star Cathie Wood’s Ark Investment Management continues to buy sagging technology stocks. Read more…
Experts predict food prices will continue to rise amid soaring commodities prices and surging costs for farmers. Inflation is roaring throughout the economy, and that includes food prices at grocery stores. Experts predict those prices Read more…
IRA Financial discovered ‘suspicious’ activity that affected some customers relying on the Gemini Trust Co. crypto exchange. Hackers have reportedly stolen roughly $36 million in cryptocurrency from IRA Financial Trust. The hackers drained $21 million in Read more…
Canada will be next to report its January CPI inflation readings on Wednesday at 13:30 GMT. Forecasts point to some stabilization but given the upside surprise in other major economies, Canada may not be an exception. Read more…
WTI oil price pulls back from new 7-year high on Tuesday, as geopolitical tensions ease on news that Russia returns some military units to their bases after exercises near Ukrainian border. Optimistic news prompt traders Read more…
Headline US PPI for January was 9.7% YoY vs 9.1% YoY expected. The December print was revised higher for December from 9.7% YoY to 9.8% YoY. The core PPI for January, which excludes the volatile Read more…
US producer prices rose 1% in January, double analysts’ forecasts. The annual growth rate slowed from 9.8% to 9.7% for the first time after nearly two years of gains, but analysts had been bracing for Read more…