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House of Representatives halts Fed’s CBDC plans with new legislation

House of Representatives halts Fed’s CBDC plans with new legislation

The House of Representatives voted 216-192 to pass the CBDC Anti-Surveillance State Act, effectively prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC), as reported by the Washington Examiner. The bill was championed by House Majority Whip Tom Emmer (R-MN) and aims to prevent government overreach and safeguard financial privacy. The legislation […]
Why The Natural Gas Price Collapse May Not Last

Why The Natural Gas Price Collapse May Not Last

Whenever I try to get a feel for the direction of natural gas prices, the Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report is the first place I stop.This report provides an update on the levels of natural gas in storage facilities across the United States. The report includes data on working gas in underground storage, […]
Central Banks Buy More Gold: Outlook For Gold Prices Gets Shinier

Central Banks Buy More Gold: Outlook For Gold Prices Gets Shinier

Image Source: Pixabay Central Banks Could Send Price of Gold to $3,000/Ounce Central banks have really been stepping up their gold buying. This is nothing but good news for gold bugs. Central banks could send gold prices a lot higher. Currently, the yellow metal trades around $2,400 an ounce, but central banks make the case for […]
New Home Sales Sink 4.7 Percent On Top Of Huge Negative Revisions

New Home Sales Sink 4.7 Percent On Top Of Huge Negative Revisions

New Home Sales by Census Department, Chart by Mish New Residential ConstructionThe Census Department released a second consecutive heavily revised New Residential Construction report. New Home Sales: Sales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000. This is 4.7 percent (±12.0 percent) below the revised March rate of 665,000 […]
Ethereum price crash attributed to MEV manipulation: Report

Ethereum price crash attributed to MEV manipulation: Report

Ethereum (ETH) faced a nearly 5% crash in one hour this Thursday, despite the anticipation around the approval of spot Ethereum exchange-traded funds (ETFs) in the US. The X user identified as ai_9684xtpa pointed out that this was likely a market manipulation movement by the trading firm Symbolic Capital Partners.“The agency sold 6,968 ETH in […]
U.S. Economy: This Time Is Different – Is It?

U.S. Economy: This Time Is Different – Is It?

In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought.Hello dear readers!The stock market wants lower interest rates – or rather, it has been expecting them for months. Justified? The US economy looks very robust, […]
PDD Holdings Stock Has Surged But Faces A Mountain Of Risks

PDD Holdings Stock Has Surged But Faces A Mountain Of Risks

Image Source: Unsplash PDD Holdings (Nasdaq: PDD) stock price is doing well as investors cheer its strong performance. It has surged by over 130% in the past 12 months and by 620% in the past five years, giving it a market cap of over $200 billion. PDD faces substantial risks PDD Holdings, the parent company of […]
New Home Sales: All Of The Shoes Have Dropped Except One . . .

New Home Sales: All Of The Shoes Have Dropped Except One . . .

I am departing from my typical recap of new home sales this month, because of the important turn that was revealed in last week’s report on building permits and starts. I usually point out that, while new home sales are the most leading of the housing construction metrics, they are noisy and heavily revised. This is […]
Stocks To Watch Today: Nvidia, Live Nation And Southwest Airlines

Stocks To Watch Today: Nvidia, Live Nation And Southwest Airlines

Image courtesy of 123rf.com Nvidia’s (Nasdaq: NVDA) stock surged to new heights Friday morning, reaching an all-time high of $1,036.20 per share, a 9.13% increase from the previous close after another blockbuster earnings result. The semiconductor giant’s market capitalization now stands at an impressive $2.554 trillion, with a trailing twelve-month P/E ratio of 79.59 and earnings per share of […]
Update: Ai Pin Widely Panned; Humane Announces It’s For Sale

Update: Ai Pin Widely Panned; Humane Announces It’s For Sale

Imran Chaudhri / Twitter An Introduction The Humane Ai Pin (yes, with a lowercase “i”), a smart-phone replacing, wearable, screen-less, standalone device built from the ground up for Ai, was launched back on November 9th, 2023, to much fanfare (see my article here) but it was reported yesterday by Bloomberg that the company is up for […]