Petmal The future of electricity demand for everything from electric cars to Bitcoin mining to artificial intelligence may also be the cure for our debt concerns. Before you dismiss that statement, let me explain. One of the bears’ primary arguments against the financial market and the economy’s health is what is perceived as the surging…
by Calculated Risk on 5/31/2024 08:57:00 AM Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through April 2024. CPI Shelter was up 5.5% year-over-year in April, down from 5.6% in March, and down from the cycle peak of 8.2% in…
Thursday’s Runners Recap: We fared quite well on Thursday with the various options plays we flagged for observation in our premarket report. Out of the five potential plays we highlighted, four of them recorded nothing but double-bag intraday gains or better. We even saw a few of those contract sets approach intraday upswings of nearly 500%…
by Calculated Risk on 5/31/2024 08:30:00 AM The BEA released the Personal Income and Outlays report for April: Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion and…
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone. However, crossing 22,660 could resume the bullish trend, Om Mehra…
EURAUD and EURNZD charts analysis cover This week’s EURAUD movement took place in the 1.62800-1.63800 range. During this morning’s Asian trading session, EURNZD encountered resistance at the 1.77200 level. EURAUD chart analysis This week, EURAUD has been moving within the 1.62800-1.63800 range. This morning, we were once again near the lower line of this range,…
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Some off beat reads for the weekend: Interview with PM Modi (Open) China-Taiwan tensions escalate (Newsweek) Why Russia doesn’t want to liberalize (Palladium) Climate Change & Balochistan (TFT) Israel’s leadership at crossroads (TOI) Media coverage of China in British media (KCL) Crisis in France’s New Caledonia (Arab News) Islam rises in South Africa (Front Page)…
Beijing (Reuters) — China will control exports of some aviation and space components from July 1, its Commerce Ministry announced on Thursday, citing a need to protect the country’s national security and interests. Those wishing to export items including aerospace structural components as well as equipment and software used in engine manufacturing, among other things,…
As summer heats up, North America’s largest retailers are diving into aggressive price-cutting campaigns to attract shoppers. Last week, an array of discounts emerged as retailers aimed to ease the financial strain on consumers. For instance, Target Corporation (TGT) announced that it would cut prices on 5,000 items, including diapers and pet food. This followed…