What The Dow/Gold Ratio Shows That The CPI Hides
Now measure the same economy with a different rod. On August 17 the Dow Jones Industrial Average closed at 53,459.78, near its all-time high. Gold was trading around $4,400 an ounce.
Investing
Global Bond Rout Raises Borrowing Costs For Governments And Consumers
The U.S. 30-year Treasury yield climbed to 5.45% Thursday, its highest level since 2004.
Markets Raise Bets On October Fed Rate Hike
Barr said policymakers likely need additional adjustments to bring inflation back toward the Fed’s target, according to his prepared remarks at a Chicago housing conference
Explaining Versus Describing Economic Events
Businessmen themselves are confused as to why. They cannot make sense of why certain business practices that were profitable yesterday are losing money today.
The K-Shaped Economy Is Not In Your Imagination
Moody’s, Morgan Stanley, and the New York Fed agree on the shape of the thing: the economy has split in two
Crypto Market Rebounds As Bitcoin Reclaims $85,000
The cryptocurrency reached $85,229 before easing to around $84,256, up roughly 3.8%, according to CoinMetrics
Pakistan Reaffirms Unconditional Security Commitment To Saudi Arabia
The statement comes amid Houthi attacks and growing attention on new defense arrangements between Islamabad and Riyadh
Warren Buffett Leaves Berkshire Chairman Role After 60 Years
Buffett will become chairman emeritus, while his son Howard Buffett takes over
Tokenized Stocks Move Closer To US Markets Under New SEC Pathway
Under the five-year Innovation Exemption, token holders must receive the same rights as traditional shareholders, including dividends and voting privileges.
Democrats Gain Slight Edge In Senate Battle, Prediction Markets Show
Kalshi traders put Democrats’ chances of winning the Senate at 54%, while Polymarket traders put them at 59%.
OpenAI Delays IPO As Altman Backs AI Development Slowdown
The comments came as Anthropic CEO Dario Amodei urged AI companies to deliberately slow the pace of developing increasingly capable models
AI Stocks Plunge As Industry Leaders Raise Safety Concerns
SoftBank shares fell more than 10%, while South Korea’s KOSPI declined more than 3%. Samsung and SK Hynix also posted losses. ASML shares fell in Europe.
Google Bets $15 Billion On Finland’s Booming AI Infrastructure
Finland has emerged as an attractive destination for data center development because of its available land and power resources
Why Did The Dutch Central Bank Move 86 Tons Of Gold To London
The transfer took place between March and August and involved more than one-quarter of the Dutch gold held in North America.
How Are Rising Oil Prices Reshaping Global Markets
Rising oil prices are also lifting inflation expectations and putting upward pressure on government bond yields
Why Has The Prediction Markets Battle Reached The Supreme Court
The dispute gained momentum after the 9th U.S. Circuit Court of Appeals ruled that states can regulate prediction markets as sports betting