While investors have driven gold prices to record highs, manufacturers have been snapping up silver, pushing its price as high as $36.86 on 18 June. The metal’s price is up 29 percent this month alone.
Tag: U.S. Economy
Post
FED FREEZES INTEREST RATES AMID TRADE WAR UNCERTAINTY
On 18 June, the U.S. Federal Reserve’s Open Market Committee held its policy interest rates steady at 4.25 percent for deposits and 4.50 percent for loans. The decision to do so was unanimous, notes from the meeting showed.
Post
U.S. BUSINESS ACTIVITY SLOWS IN JUNE AS PRICES CLIMB
U.S. activity in manufacturing and services slowed slightly this month as factories’ cost of materials and prices for finished products rose to their highest level since July 2022.
Post
SOCIAL SECURITY WILL GO BROKE IN NINE YEARS, NEW STUDY SAYS
In 2034, the U.S. Social Security system’s financial balance will tip and the program will begin paying out more money in retirement pensions than it collects from payroll taxes, according to a new report from the program’s board of trustees.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
As we have been forecasting since Donald Trump won the race to the White House in 2024, round-and-round it goes, and where it stops nobody knows. Again, by the facts, it is a pure guessing game as to what Trump Cards and Wild Cards will be played next.
Post
LEADING INDICATORS SHOW A WEAKENING U.S. ECONOMY
The Conference Board’s Leading Economic Index (LEI), a broad survey of economic signals, ticked down in May from 99.1 to 99 to match economists’ forecasts.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Brown & Brown, an insurance company with more than 450 locations around the world, will pay $9.83 billion in cash and stock for Accession Risk Management Group.
Post
SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
On 12 June, the U.S. dollar fell to its lowest value since March 2022. The buck lost ground after Donald Trump told reporters he will send letters shortly to trading partners assigning them tariff rates when the 90-day pause on the new “Liberation Day” rates runs out in early July.
Post
SPECIAL REPORT: ARTIFICIAL INTELLIGENCE EATS THE AD INDUSTRY
As Amazon, Meta, and other tech giants automate advertising using artificial intelligence (AI) tools, advertising agencies wonder if they have a future.
Post
TRUMP CALLS FED CHAIR POWELL “NUMSKULL”
Donald Trump again insulted Jerome Powell, chair of the U.S. Federal Reserve, calling him a “numskull” because the central bank has not lowered its key interest rate as Trump has been demanding.