by: Stefan Gleason Yesterday’s release of the April Non-Farm Payrolls report fueled a new gold rally. The yellow metal gained over $20 per ounce on the news. The jobs report was a major piece of economic data-possibly the most important …
by confoundedinterest17 The highly anticipated million jobs added to the economy turned out to be on 266k jobs added. The big gainer? Leisure and hospitality at +279k jobs added. The big loser? Professional and business services at -141k. Biden/Powell’s “Go Big …
By Nick Cunningham After some strong quarters for Big Oil, the first three months of 2019 proved to be a disappointment. Weighed down by lower oil prices, narrower refining margins and weak LNG prices, profits at the largest integrated oil …
from Zero Hedge The summer spending spree is officially over. In August, the US consumer hit the breaks on spending as retail sales tumbled from 0.7% to just 0.1%, well below the 0.5% expected, driven by a decline in auto sales, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter You just have to love Deutsche Bank. I mean, how could you not? It’s Germany’s iconic bank. It’s like Wells Fargo for Americans: It just cannot do right. It tries, but it just doesn’t work out. …