Economy & Finance

Key Events This Week: Payrolls, ISMs, ADP And Many More Earnings Welcome to February with another big sell-off in Gold (-5%) and Silver (-10%) overnight, and a partial US government shutdown that isn’t as severe as the record one before Xmas, and is expected to get resolved soon. Nevertheless, as Jim Reid writes, it’s typical […]

Huge Surge In New Orders Sends US Manufacturing Activity Near 4 Year Highs With ‘hard’ data sustaining signs of solid growth (e.g. factory orders and jobless claims), ‘soft’ survey data has been bouncing back since the start of the year This morning we get the final Manufacturing PMI data from S&P Global and ISM for

Peak OnlyFans? Platform In Talks To Sell 60% Stake Following the Wall Street Journal’s reporting last week, Bloomberg has provided additional color on OnlyFans’ plan to sell a 60% stake in a deal valued at about $3.5 billion. The report is based on people familiar with the matter and has not been confirmed by the

Throwback Waste Of The Day: Monkeys Throw Poop, And $600K Authored by Jeremy Portnoy via RealClearInvestigations (emphasis ours), Topline: In 2012, a study published by Agnes Scott College and Emory University concluded that chimpanzees that know how to throw their own feces have stronger communication skills than those that do not. The National Institutes of

Trump Launches $12 Billion Strategic Mineral Stockpile To Counter China; Rare Earth Stocks Jump The Trump administration is preparing to launch a major initiative aimed at protecting US manufacturers from disruptions in the supply of critical minerals, committing about $12 billion in initial funding to build a strategic stockpile of essential materials, according to Bloomberg. The

Bill Maher Torches Virtue-Signaling Lefty Celebs For Ditching Causes Once They’re Not The ‘Current Thing’ After another awards show shitshow of anti-Trump-ism at The Grammy’s, Bill Maher has had it with Hollywood’s relentless virtue signaling, and during his latest monologue on his HBO show Real Time with Bill Maher. And he really let the glitterati

Futures Tumble As Plunging Metals And Bitcoin Spark Global Selloff, Margin Calls Stock futures slide extending Friday’s rout, although are well off session lows, with aggressive unwinds across commodities and a crypto rout adding to the risk-off mood and sparking cross-asset margin calls. As of 8:00am ET, S&P 500 futures are down 0.4%, rebounding from a

‘Out Of Stock’: As Lunar New Year Looms, AsiaPac Dip-Buyers Emerge In Gold “I came to buy because the price of gold dropped today,” said Ng Beng Choo, a 70-something retiree who arrived early in the morning at the headquarters of Singapore‘s United Overseas Bank (UOB), the city-state’s only bank offering physical gold products to

Oil Prices Tumble 5% Amid Signs Of US-Iran De-escalation Authored by Tsvetana Paraskova via OilPrice.com, Oil prices dropped by more than 5% on hopes that U.S.–Iran tensions may be easing. President Trump suggested Iran is engaged in serious talks, dampening fears of military escalation. Analysts said broader market weakness and election-year politics added to the