Gold prices climb following US Q1 GDP results falling below expectations. Sharp increase in Q1 inflation to 3.7% tempers expectations for immediate Fed rate cuts and underpins higher Treasury yields. Fed officials maintain cautious stance on monetary policy, echoing concerns over persistent inflation pressure. Gold…

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Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 25% in extended trading.  Here’s how the company did: Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEGRevenue: $1.19 billion vs. $1.12 billion expected…

No monetary system today is held in such contempt among almost all economists and financial officials as the gold standard. The U.S. was on one for 180 years until the early 1970s, and it worked. We never experienced inflation while the dollar’s value was tied to the yellow metal, and…

Here at Contrarian Outlook, we prefer slow—as in slow-moving share prices. And high—as in high yields. As to why, well, I need to address why other (less sophisticated) investing websites have bad information regarding a very good fund. So bad, in fact, that vanilla investors are scared to buy this…

POLITICS

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A federal judge on Thursday upheld the verdict and award in E. Jean Carroll’s defamation case against former President Donald Trump and denied Trump’s motion for a new trial. Judge Lewis Kaplan, in a written opinion, said Trump’s legal arguments are without merit. The judge also found that the punitive damages the jury awarded to Carroll “passes constitutional muster.” Carroll, a former magazine columnist, alleged Trump raped her in a Bergdorf Goodman department store in the mid-1990s and then defamed her when he denied her claim. In a separate case, a jury last year found Trump liable for the sexual…

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Investing

What could possibly go wrong with the British rail services? Currently, the system is a mess. Late arrivals of trains are just one symptom of the problem. Routinely cancelled trains are another. Lack of maintenance of the rolling stock and the rail lines only add to the issue. The Labour…