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The ‘supercore’ inflation measure shows Fed may have a real problem on its hands

KEY POINTS Markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. The gauge measures services inflation excluding food, energy and housing and has been roaring higher lately, up 4.8% year over year in March and more than 8% at a 3-month annualized pace. The […]

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Scientists reveal Antarctica’s tallest active volcano is blasting out gold that could be worth a fortune

There's a volcano in Antarctica that spews out literal bits of gold. If only money grew on trees or fell from the sky eh? Well, if you fancy a trip to the cold depths of Antarctica and fancy your chances getting fairly up close and personal with the highest active volcano in the continent, the [...] READ MORE

Copper Homes in on $10,000 a Ton as Supply Angst Continues

(Bloomberg) -- Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal.   Base metals have posted broad gains in recent weeks, and copper opened Monday with [...] READ MORE

Lower prices, stubborn costs could weigh on copper miners’ quarterly results

FILE PHOTO: The logo of copper miner Freeport-McMoRan Inc is displayed on their offices in Phoenix (Reuters) - North American copper miners are expected to report a decline in first-quarter earnings this week due to lower prices of the red metal amid persistently high costs.   Freeport-McMoRan and Canada's Teck Resources are expected to post [...] READ MORE

Billionaire investor Ray Dalio says he’s owning gold to hedge the risk of debt and inflation crises

Taylor Hill/Getty Images Ray Dalio says he owns gold partly to hedge against debt and inflation risks. The legendary hedge fund founder cast another warning on rising debt balances around the world. He's warned investors of a US debt crisis, which could push the economy into a balance sheet recession.   Ray Dalio is holding [...] READ MORE

Don’t ignore threats like inflation, recession, and war, warn Wall Street’s biggest bosses

JPMorgan CEO Jamie Dimon.AP Photo Wall Street's head honchos are wary of economic threats like inflation, recession, and war. JPMorgan's Jamie Dimon, Goldman's David Solomon, and Citi's Jane Fraser warned against complacency. BlackRock's Larry Fink and Blackstone's Steve Schwarzman flagged fear and uncertainty in markets.   The bosses of Wall Street's biggest firms struck a [...] READ MORE

European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty

Keypoints The European Central Bank on Thursday held interest rates steady for a fifth straight meeting but gave its strongest indication yet that rate cuts could be ahead. In a statement, the institution said, “it would be appropriate to reduce the current level of monetary policy restriction” if inflation continues to move toward its 2% […]

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Oil Sinks to Monthly Low as Waning War Risks Foster Uneasy Calm

(Bloomberg) -- Oil fell below $81 after some of the premium from conflict in the Middle East continue to fade from markets.   An uneasy calm has descended on the market after prices whipsawed on Friday, with Iran downplaying Israel’s response to the Islamic Republic’s unprecedented drone and missile strike a week earlier. Tehran said [...] READ MORE

Gold to surge to $2500, UBS predicts

As the price of gold climbed to a new all-time high on Monday, strategists at UBS said there were good reasons to expect the price to continue rising.   The rally of around 13% so far in 2024, as the market responds to geopolitical risks and the effect of renewed inflation risks on Federal Reserve [...] READ MORE