Finance
It’s Black Friday and you know what that means: Lots of promotional sales and lots of holiday retail spending forecasts. You can rely on the latter being ubiquitous and wrong; some by a little, most by a lot. At least, that’s…
Adrián Lucardi writes to me, addressing yesterday’s question of why more currencies are not nominally stronger than the USD: Short answer: costly to implement; few direct (political or macroeconomic) benefits if things go well; but politically costly if things turn sour. Long…
Authored by Mike Shedlock via MishTalk.com,Please consider snags in the oil price cap negotiations between the US and various countries in the EU.Image courtesy of Bloomberg, annotations by Mish.EU Talks Stall Over Price Level for Proposed Russian Oil CapBloomberg reports EU Talks…
Ford Motor Company waited until Thanksgiving morning to announce a sizeable recall of more than 500,000 Bronco Sport and Escapes for possible cracked fuel injectors that could cause fuel and/or fuel vapor to leak onto a hot engine and cause fires.The Dearborn, Michigan,…
By Michael Every of RabobankIt’s Black Friday, where the world waits with bated breath for Americans to click the global economy back to health while fighting off heartburn: and I mean the world, because little that is clicked is currently made…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Aoifinn Devitt, CIO at Moneta, joins CNBC's 'Squawk Box' to discuss her market outlook and potential investment opportunities ahead of the open on Friday. 03:46 7 minutes ago
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Terry Lundgren, TJL Advisors CEO and former Macy’s CEO, joins CNBC's 'Squawk Box' to discuss the state of the U.S. consumer on Black Friday. Lundgren explains why he…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dan Flax, Neuberger Berman senior research analyst, joins CNBC's 'Squawk Box' with his outlook for the technology sector in 2023. 03:15 10 minutes ago
Authored by Paul Joseph Watson via Summit News,Swiss football captain Granit Xhaka has rejected the deluge of virtue signaling taking place at the World Cup, asserting his team isn’t in Qatar to “hand out lessons to anyone.”Since it began, the tournament…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Consumers looking for the latest version of Apple's iPhone this holiday season may be out of luck. CNBC's Seema Mody joins 'Squawk Box' to break down the details.…
by Calculated Risk on 11/25/2022 09:15:00 AM From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2022. Over the past three months, the indexes increased in 36 states, decreased…
Throughout the FTX chaos, we have been watching Silvergate, a regulated U.S. crypto bank closely and opportunistically. Caught up in the collateral damage from FTX's implosion, Silvergate, plunged as low as $24 per share down from highs of $60 earlier this…
Authored by Jeffrey Tucker via The Epoch Times,Some facts of our times follow. As you read, consider your own household and portfolios and how they measure up.Disposable personal income per capita has been in decline in real terms for 19 straight…
US equities were set to end the Thanksgiving week higher, propelled by expectations that the Fed will ease off on its pace of monetary tightening following Wednesday's dovish minutes while an 25bps RRR cut out of China sparked hope that Beijing…
Confirming recent rumors and media speculation, late on Fruday after the close of markets, China’s central bank announced it cut the amount of cash that banks must hold in reserve for the second time this year on Friday to shore up…
Nat Friedman is seeking a full-time solo technical leader to go on a modern day Indiana Jones-style treasure hunt. You will be responsible for starting and running a crowdsourced effort to crack an archaeological puzzle of great historical significance. Success would be…
Authored by Michael Washburn via The Epoch Times (emphasis ours),The collapse of cryptocurrency exchange FTX, and the worldwide outcry over the billions of dollars wiped off the platform, are likely to trigger a massive regulatory reaction that would further erode citizens’…
World’s heaviest flying bird may be self-medicating on plants used in traditional medicine Frontiers Science News. Humans aren’t the only species that self-medicates! The Invasion of the Super Insects Nautilus The possible worlds of Saul Kripke The Institute of Art and…
European climate cultists upped the ante in their increasingly deranged war on fossil fuels on Thursday, bringing flight operations at Berlin Brandenburg Airport to a complete standstill for an hour and a half. A protester with his hand glued to the the…
Credit Suisse may have taken an “important step” in its turnaround process, as its unfortunately named chairman, Alex Lehmann, said this week. But it is also suffering a gathering run on deposits and losing clients to its biggest rival. For the…
Authored by Matthew Piepenburg via GoldSwitzerland.com,As the latest headlines from the FTX implosion remind us yet again of a politicized and rigged market riddled with deception, gold’s climb becomes easier to foresee.But first, a little philosophical musing…Modern Policy: High Office, Low…
A European Union drug monitoring agency is sounding alarms over rising recreational use of nitrous oxide, also known as "laughing gas." "There is a general perception among users that inhalation of nitrous oxide is safe," says the European Monitoring Centre for Drugs…
Card balances have been rising rapidly. But there are ways to navigate the gift-giving season without taking on a lot of new debt.Americans are heading into the holiday shopping season with rapidly increasing levels of credit card debt.Credit card balances, which…
Authored by Dave DeCamp via AntiWar.com,A group of bipartisan senators is urging the Biden administration to provide Ukraine with advanced MQ-1C Gray Eagle drones that would give Kyiv longer-range capability.The Biden administration has been hesitant to send the drones due to the risk…
The supreme court in the UK announced this week that it has ruled there to be no legal basis for a Scottish independence referendum taking place without the consent of Westminster.As Statista's Martin Armstrong reports, the ruling now puts the issue "back in…
Authored by Thomas Brooke via Remix News,Italians on unemployment benefits who turn down reasonable job offers will have their access to social security payments revoked in new laws expected to be introduced by Giorgia Meloni’s new administration.In a pledge to clamp…
Two weeks ago Ukrainian President Volodymyr Zelensky issued a "10-point plan" for ending the war, which included the demand that Russian troops depart from all of sovereign Ukrainian territory. However, the recent Russian annexation votes for the absorption of Donetsk, Luhansk, Kherson, and…
Authored by Dan McKnight via The Libertarian Institute, As our government continues to bumble and stumble at full speed towards World War III, the concept of tripwires and the legal authority of Article 5 become required understanding for the vigilant citizen. Last…
Rob asks: I would love to see you write on how AI changes the value of language learning, at the margin. Two thoughts: The value of learning languages in order to “get” a culture more deeply probably doesn’t change much. On…
Authored by John & Nisha Whitehead via The Rutherford Institute,“All the time - such is the tragi-comedy of our situation - we continue to clamour for those very qualities we are rendering impossible… In a sort of ghastly simplicity we remove…
After years of unabated growth, Black Friday and Cyber Monday online sales dipped for the first time last year, as many shops spread out deals over the entire Thanksgiving week or even further.“With early deals in October, consumers were not waiting around for…
Via SchiffGold.com,We recently reported that the Federal Reserve plans to launch a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The US isn’t alone in experimenting with digital…
Thousands of workers across approximately 40 countries are planning to take part in 'Black Friday' protests to demand better wages and working conditions in the company's warehouses, as the global cost-of-living crisis increasesThe protests will coincide with the largest holiday shopping…
By Brian Westenhaus of OilPrice.comMassachusetts Institute of Technology’s new discovery could finally usher the development of solid-state lithium batteries, which would be more lightweight, compact, and safe than current lithium batteries. The growth of metallic filaments called dendrites within the solid…
Mercedes-Benz is the latest auto manufacturer to unveil a subscription fee to unlock perks, such as the ability to boost acceleration. The $1,200 yearly subscription is called "Acceleration Increase" and can be found on Mercedes' online store. "COMING SOON - Accelerate more powerfully: increase…
By Michael Every of RabobankIf you wanted to embody how the turkeys running things react when confronted with the fact that they voted for Thanksgiving and Christmas, it would be Bankman-Fraud being invited to speak at a New York Times event…
No. Figure 1: Forecasted probability of recession from 10yr-3mo term spread (blue), from 10yr-2yr term spread (tan), 10yr-3mo term spread augmented by FCI, foreign term spread (green). All models estimated over 1986M01-2022M11. NBER defined peak-to-trough recession dates shaded gray. Lilac shading…
Authored by Zachary Stieber via The Epoch Times,Arizona Republican gubernatorial candidate Kari Lake on Nov. 23 filed a lawsuit against Maricopa County.Lake sued Stephen Richer, the county’s recorder, and other officials in Arizona Superior Court. She’s asking the court to compel the officials to…
By Mish Shedlock of MishTalkBloomberg reports EU Talks Stall Over Price Level for Proposed Russian Oil CapThe EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations rejected as being too generous to Moscow, the…
By Alex Kimani of OilPrice.comPlans to introduce price caps on natural gas prices have hit a dead-end after EU energy ministers on Thursday failed to reach an agreement amid deep divisions. Czech Industry Minister Jozef Sikela has, however, said that the ministers…
Multiple class action lawsuits filed by Jeffrey Epstein accusers accuses JPMorgan and Deutsche Bank of enabling Jeffrey Epstein to sexually abuse victims by turning a blind eye in order to "churn profits," Bloomberg reports.The lawsuits, filed in a New York court,…
Authored by Jill McLaughlin via The Epoch Times (emphasis ours),California’s last operating nuclear power plant was given another funding boost Nov. 21 as operators seek to keep it running for another eight years.Aerial view of the Diablo Canyon Nuclear Power Plant…
Elon Musk has given politically divided families all the ammunition they need for an epic pie fight this Thanksgiving - announcing 'general amnesty' for suspended Twitter accounts as long as they haven't broken the law or engaged in egregious spam.On Wednesday,…
Authored by Michael Maharrey via SchiffGold.com,When I was a kid, we used to say some things only “sound good on paper.” In other words, they seem like good plans, but there is no way they’re going to work in the real…
The wait is finally over for Tesla owners who paid $10,000, or as of recently $15,000, for the controversial driver-assistance system, also known as "Full Self-Driving." Twitter, SpaceX, and Tesla CEO Elon Musk tweeted Thursday morning, "FSD Beta is now available to…
Authored by Joakim Book via BitcoinMagazine.com,I don’t...That’s it. That’s the article.In all sincerity, that is the full message: Just don’t do it. It’s not worth it.You’re not an excited teenager anymore, in desperate need of bragging credits or trying out your…
Take one look at some of the employees fired from Twitter the past two weeks by Elon Musk and it's easy to understand why the company operated as a far-left echo chamber for so long. Though company executives claimed that the…
Yesterday’s Bloomberg article “Fed Staff Sees a 50-50 Chance of Recession” spurred me to examine the implications of the latest readings on term spreads. Figure 1 depicts the recession probabilities estimated using a simple probit model based on the 10yr-3mo and…
Authored by John Ransom via The Epoch Times (emphasis ours),A newly-elected GOP representative from New York said that he worries that Democrats will try to downplay potential campaign finance and securities law violations by former FTX CEO Sam Bankman-Fried using a…
According to the Statista Global Consumer Survey and more than 1,000 U.S. respondents between the ages of 18 and 89, Thanksgiving with the family is still the way to celebrate the holiday this year.Friendsgiving - or celebrating Thanksgiving with friends - was the…