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…
During the April Monthly Meeting on Wednesday, we took questions directly from Investing Club members. Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. Their answers have been adapted for length and clarity. 1. Given that Wells Fargo is at a recent high, and is…
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…
The Justice Department is investigating McKinsey & Company, one of the world’s largest consulting firms, over its role in advising drug companies on how to boost sales of opioids, according to sources familiar with the matter. Prosecutors from Virginia and Massachusetts are leading the criminal investigation, the sources said, and…
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…
Dow Jones backslides over 500 points as investors balk at inflation complications.…
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Solana will have to jump by a huge margin to make up…
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CNN reporter describes scene inside Trump trial courtroom CNN’s Brynn Gingras describes…
POLITICS
View MoreA 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…
Kim Kardashian will join Vice President Kamala Harris at the White House on Thursday for a roundtable to discuss pardons issued by President Joe Biden earlier this month, a White…
President Joe Biden’s reelection campaign is making a new digital ad buy in Pennsylvania aimed specifically at targeting Nikki Haley supporters, campaign officials told CNN, marking the latest sign of…
Hear tense exchange with Justice Alito during abortion arguments During a Supreme Court hearing on Idaho abortion law, Solicitor General Elizabeth Prelogar and Justice Samuel Alito clashed over fetal protections…
Markets
View MoreInvesting.com– Oil prices settled higher Thursday, shrugging off demand worries as weaker U.S. growth data and signs of higher inflation dimmed…
Finance
View MoreYou need at least $1 million to retire comfortably in these 10 U.S. states—half are in the Northeast
On average, Americans believe they should save up around $1.46 million before retiring, per Northwestern Mutual’s 2024 Planning and Progress study.But in certain states, like Hawaii,…
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Canadian Dollar trapped near familiar levels, gives mixed performance. Canada absent from…
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…
Economy
Shares of data management software maker Rubrik jumped in its New York Stock Exchange…
Fintech
Things aren’t looking particularly rosy for markets and the economy, Jamie Dimon…
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