US mortgage rates rose to 7.14% this week after falling slightly in late October – the highest rate the country has seen since 2001. The US housing market has seen dramatic change this year as the Federal Reserve tightened monetary policy in an effort to stifle inflation. The overall measure of claims, including homeowner refinance, …
Find out what clicks on FoxBusiness.com Gasoline and diesel prices will remain high regardless of the results of the 2022 midterm elections, according to an industry analyst. “Regardless of tonight’s election results: #GasPrices will remain above average, since politicians are not the active reason why they are above average,” tweeted Patrick De Haan, head of …
Once upon a time, countries protected their domestic industries with tariffs on imports. This gave the country a price advantage over companies operating overseas, but the practice has gone out of fashion somewhat in recent decades. Nowadays, governments are altogether more creative, using fanciful export controls to protect their interests. To this end, the United …
Chinese chips are artificially slowed to avoid US export regulations Read More »
Sen. Mike Braun, R-Ind., weighs in on a potential government shutdown as senators race to pass an interim spending bill. The federal government added $83 billion to the national debt in the first month of fiscal year 2023, according to the Congressional Budget Office (CBO), a rate of $2.7 billion in new debt per day …
Biden on pace for a $1 trillion budget deficit in 2023: $2.7 billion in new debt a day Read More »
About the authors: Larry Hatheway and Alex Friedman are the co-founders of Jackson Hole Economics and the former chief economist and chief investment officer, respectively, of UBS. To the surprise of many observers (including ourselves), the midterm elections turned out to be more contested than most polls and political futures had indicated. The political tipster …
Midterms Red Ripple Brings Uncertainty to Markets Read More »
Contagion fears are sweeping the crypto industry as market participants race to determine who is exposed to Sam Bankman-Fried’s secretive digital asset trading company Alameda Research. Alameda, a proprietary trader, has been a low-key part of the entrepreneur’s crypto empire but is at the center of the storm that has engulfed his FTX crypto exchange. …
Contagion Fears Sweep Crypto Sector After FTX Liquidity Crunch Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business — The results of Tuesday’s midterm elections will determine the agenda for the …
The markets are in trouble. Election results won’t change that | CNN Business Read More »
November 9, 2022 by SchiffGold 0 0 Gold rose over $50 an ounce last Friday and the rally extended this week with the yellow metal rising above $1,700 an ounce. In his podcast, Peter Schiff explained why he thinks gold has bottomed out and this is a significant reversal. Commodity prices in general have rallied …
Peter Schiff: The golden train has left the station | SchiffGold Read More »
My midweek morning form The WFH reads: • How Jack Welch’s reign at GE gave us Elon Musk’s Twitter feed: The former “manager of the century” paved the way for CEOs to become internet trolls. (New York Times) • Why Elon Musk’s quest to revive Twitter is likely to fail: Musk’s strategy at Twitter might …
German Federal Finance Minister Christian Lindner (L) and French Economy, Finance and Recovery Minister Bruno Le Maire (R) both criticized the US Inflation Reduction Act for discriminating against towards European companies. Thierry Monasse | Getty Images News | Getty Images EU member states are strongly opposed to President Joe Biden’s Cut Inflation Act, fearing it …
Europe shows united front against Biden’s Cut Inflation Act, says it threatens industry Read More »
