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Precious Metals

“Gold Retreats After Topping $2,200 an Ounce for the First Time”

“…The precious metal rose as much as 1.6% to a record $2,220.89 in early trading before erasing gains to drop as much as 0.9%. Gold has rallied nearly 10% since mid-February as the outlook for looser US monetary policy triggered… Continue Reading…

Energy

“U.S. crude prices crack $81 as oil supply deficit forecast for 2024”

“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…

Business, Economy

“Credit card late fees will soon be capped at $8—why you should aim to pay on time anyway”

“…On Tuesday, the Consumer Financial Protection Bureau finalized a rule that will cap credit card late fees at $8. Currently, card users are typically hit with a $32 fee for late payments, according to the agency… The rule is expected to go… Continue Reading…

Cryptocurrencies

“Bitcoin tops $68,000 as it nears 2021 all-time high” [MON, MAR 4]

“Bitcoin jumped to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. The flagship cryptocurrency was last higher by 9% at $68,635.20, according to Coin Metrics. At one point, it rose… Continue Reading…

Economy

“…Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’”

“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…

Economy

“America’s $125 MILLION ‘guaranteed income’ giveaway: Huge rise in taxpayer-funded programs offering no-string handouts of up to $36,000 – including D.C. scheme used by mom to buy $6K luxury Miami vacation”

“Taxpayer-funded ‘guaranteed income’ programs that hand struggling families up to $36,000 with no strings attached are being rolled out across the country, DailyMail.com analysis reveals. The schemes, whose total value exceeds $125 million, have surged in popularity since the pandemic as… Continue Reading…

Banking, Economy

“The U.S. national debt is rising by $1 trillion about every 100 days”

“The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark… Continue Reading…

Business, Economy

“India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions”

“India has approved building three semiconductor plants with investments of more than $15 billion as the country aims to become a major chip hub… India has ambitions to become a major chip hub on the lines of the U.S., Taiwan and South Korea,… Continue Reading…

Business

“AI startup Glean lures Citigroup as investor at $2.2 billion valuation after revenue quadruples”

“… …” https://www.cnbc.com/2024/02/27/glean-is-worth-2point2-billion-as-citigroup-databricks-workday-invest.html Right now AI is where the money is.

Economy

“Credit card debt hits a ‘staggering’ $1.13 trillion…”

“Americans now owe a collective $1.13 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023,… Continue Reading…