Is demand for U.S. government debt waning? The latest Treasury auctions suggest that investors do not possess much of an appetite for American bonds. First, the three-year note saw the yield come in higher than expected. But the real story was that primary dealers, which are financial institutions that buy supply that is not purchased […]
Money
Atlanta Fed’s GDPNow model for Q4 cut to 1.2%
Is the U.S. economy headed for a recession? It looks like the Federal Reserve’s tightening efforts are beginning to take effect in the United States Durable goods orders are tanking, factory orders plummeted, retail trade is slowing, and job creation is easing. As a result, the Federal Reserve Bank of Atlanta’s GDPNow Model estimate has […]
Gold hits record high as U.S. dollar, Treasury yields tank amid speculation of Fed rate cuts
Gold is glittering to kick off December. At the end of the Friday trading session, Gold prices hit a record high of $2,090 per ounce on the COMEX division of the New York Mercantile Exchange. The yellow metal enjoyed a weekly gain of 4.3 percent and a year-to-date rally of 1.42 percent. The meteoric ascent […]
Elon Musk to advertisers leaving X: ‘Go f–k yourself’
Elon Musk went scorched-earth today during The New York Times Dealbook Summit in New York. It was incredible. While he apologized for his “dumbest” ever social media post that critics say was anti-Semitic, Musk slammed advertisers for exiting the social media platform. He told Andrew Ross Sorkin: “I don’t want them to advertise. If someone […]
Monthly mortgage payments soar to $3,000
The rule of thumb is that your monthly shelter costs should represent no more than 30 percent of your household budget. Well, according to new data, many households are spending more than half of their incomes on putting a roof over their heads, whether they rent or own. Monthly mortgage payments are now $3,000. Of […]