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Workers’ paychecks grew faster in the first quarter, a possible concern for the Fed

WASHINGTON (AP) — Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.   Compensation as measured by the government’s Employment Cost Index rose 1.2% in [...] READ MORE

HBAR – Real World Asset Tokenization is Here

Tune in today for a much-requested update on Hedera Hashgraph with Brandon Hargreaves. Over the past week the price of the HBAR token doubled from 9c to 18c - what was the cause of this massive uptick in interest? What large companies are building projects on this amazing Distributed Ledger Technology, first previewed by Mike [...] READ MORE

China’s $170bn gold rush triggers Taiwan invasion fears

Beijing on record 17-month buying spree in what experts say is a move to guard against sanctions US military officials warn that China aims to have the military capabilities to invade Taiwan by 2027 China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised [...] READ MORE

Here’s why India’s gold demand rose 8% in Q4 despite soaring prices

Representational image Gold demand in the country surged 8 per cent annually to 136.6 tonne in the March quarter despite prices touching historic highs, according to the World Gold Council.   In its global report 'Gold Demand Trends Q1 2024' released on Tuesday, the World Gold Council (WGC) revealed that the gold demand in India [...] READ MORE

Gold price rally could cut India’s demand to four-year low -WGC

Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh May 8, 2012. MUMBAI, April 30 (Reuters) - India's gold demand in the March quarter rose 8% from a year ago, but recent rallies in prices of the precious metal could cut its total consumption in 2024 to the [...] READ MORE

Japan reminds on FX readiness as data suggests $35 bln yen intervention

Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. Summary Money market data points to yen intervention Japan PM, officials decline comment Yen steady around 157 per dollar TOKYO, April 30 (Reuters) - Japan stands [...] READ MORE

Fed rate cuts unlikely thanks to spending by rich Americans

FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Since retiring two years ago, Joan Harris has upped her travel game.   Once or twice a [...] READ MORE

The Fed will only cut rates when it’s panicking over a recession and a market crash, Black Swan investor says

Investors should be wary of coming Fed rate cuts, Black Swan investor Mark Spitznagel warned. That's because the Fed is only cutting rates in response to a weakening economy, Spitznagel told Reuters last week. The US could see a recession and major stock crash before rates head lower, he predicted.   Rate cuts by the [...] READ MORE

Banks Pay Savers More to Stay Amid Steep Interest Rates

For America’s biggest banks, deposit costs are exceeding interest income.   That’s the first time that’s happened since the Federal Reserve began increasing rates two years ago, the Financial Times noted in a report Sunday (April 28) on the phenomenon.   Among the lenders in question is Wells Fargo, which paid almost $594 million more [...] READ MORE