"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action

Futures Rise, Oil Drops On Report Of Ceasefire Push US stock futures rose, but were off session highs (and lows) and crude oil dipped as the bipolar market focused its attention on a report of a push to secure a potential ceasefire in the war in Iran, following a reversal in those exact same hopes late last week. As of 8:00am ET S&P 500 futures added 0.1% in light trading after the Easter holiday, reversing an earlier loss of as much as 0.8%, but also off session highs. Nasdaq futures tose 0.4% with all Mag...

Why Central Banks Love A Gold Sell-Off Via SchiffSovereign.com, On July 7, Bloomberg published an article with the headline: “Gold’s Bull Market Has Ended and Now All Eyes Are on Bears,” explaining how many retail investors have headed for the exits. That same day, the People’s Bank of China, the country’s central bank, reported its largest monthly gold purchase since 2023. Of course, June marked its twentieth consecutive month of adding gold to its reserves. Central banks are relatively price insensitive. They buy gold as a long term hedge to preserve value, not...

Putin Calls Musk A "Real Genius," Says Russia Coordinating With Him In On Satellites Russian President Vladimir Putin called Elon Musk "a real genius" on Wednesday and said Moscow is in touch with him about satellites, days after Ukraine said speed limits that hobbled its drones had been lifted. Putin said Russia is in "close contact" with its "American partners, including Mr. Musk," because in orbit it is important "not to interfere with each other."He spoke at an exhibition on the sidelines of the Russia-Africa summit in Moscow, as Digital...