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Economy, Precious Metals

“Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century”

April 11, 2024

“Soaring copper prices show no signs of slowing down, analysts say, with the red metal’s rally fueled by supply risks and improving demand prospects for energy transition metals. Copper prices with May delivery traded at $4.323 per pound in New York as of… Continue Reading…

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Economy

“Fears Sadiq Khan will bring in pay-per-mile road taxes after spending £3m on project”

April 11, 2024

“Sadiq Khan spent £3 million of taxpayers’ money planning a pay-per-mile road charging system, amid fears he could bring the scheme in if he is re-elected. Transport officials were working on a driver charging project as recently as January, even though… Continue Reading…

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Economy

“Consumer prices rose 3.5% from a year ago in March, more than expected”

April 11, 2024

“…The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Economists… Continue Reading…

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Economy, Real Estate

[Inflation] “$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are”

April 10, 2024

“There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million or more,… Continue Reading…

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Economy

“Six-Month Federal Budget Deficit: $1.1 Trillion”

April 10, 2024

“Washington continues to spend like deficits and debt don’t matter, and the politicians would rather you don’t know. For the record, the Congressional Budget Office reported Monday that the federal budget deficit for the first six months of fiscal 2024,… Continue Reading…

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Economy

“‘Social Order Could Collapse’ in AI Era, Two Top Japan Companies Say”

April 9, 2024

“TOKYO—Japan’s largest telecommunications company and the country’s biggest newspaper called for speedy legislation to restrain generative artificial intelligence, saying democracy and social order could collapse if AI is left unchecked. Nippon Telegraph and Telephone, or NTT, and Yomiuri Shimbun Group… Continue Reading…

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Economy

“Why Californians are fleeing this once-Golden State”

April 9, 2024

“…The U.S. Census Bureau reported in March that California’s population as of last July had dropped to an estimated 38,965,000. That’s down by 75,400 in a year — and 573,000 below California’s peak of 39.5 million in 2020. Entering this… Continue Reading…

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Economy

“Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%”

April 5, 2024

“…Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported Friday…” https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html I dont… Continue Reading…

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Economy

“Cuba guarantees food rations in bid to defuse tension after protests”

April 5, 2024

“Cuban President Miguel Diaz-Canel said on Thursday his communist-run government has secured supply of key subsidized food rations as he moved to defuse tensions just two weeks after protesters took to the streets over widespread shortages… The shortages, combined with… Continue Reading…

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Economy

“California Businesses Take On Gavin Newsom Over Tax Hikes”

April 5, 2024

“A coalition of California companies is going to war with Gov. Gavin Newsom and his Democratic allies over taxes it says have grown out of control in the Golden State. The businesses have gathered enough signatures to put a measure on November’s… Continue Reading…

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