Author: FX
Warning: KNYJY is at high risk of cutting its dividend Source link
Sunday features the quintessential American cultural event — the Super Bowl.The game itself and its importance in American culture hint at what makes America what it is, and why US stock markets are at record highs as the rest of the world falls further behind.The fairy-tale version of United States excellence leans on high-minded ideas — freedom, democracy, capitalism, a rules-based economic order, a magical scroll from the Founding Fathers.That’s all bullshit.Modern America stands for one thing and operates on one single principle: Win.This Sunday is Super Bowl 58 (or LVIII in a nod to Rome). I’d argue that all…
© Reuters. Republican presidential candidate and former U.S. President Donald Trump speaks as he holds a campaign rally at Coastal Carolina University ahead of the South Carolina Republican presidential primary in Conway, South Carolina, U.S., February 10, 2024. REU By Andrea Shalal WILMINGTON, Delaware (Reuters) -The White House on Saturday rejected comments made by former U.S. President Donald Trump about not protecting NATO allies from a potential Russian invasion as “appalling and unhinged.” Trump, appearing to recount a meeting with NATO leaders during a political rally in South Carolina on Saturday, quoted the president of “a big country” that he…
3/3 © Reuters. FILE PHOTO: Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link at the Kremlin in Moscow, Russia February 9, 2024. Sputnik/Sergei Ilyin/Pool via REUTERS/File Photo 2/3 (Reuters) – Russia’s registration of candidates for the March presidential election has closed, TASS reported on Sunday, with a list including President Vladimir Putin, who is expected to win, and three politicians who all support Moscow’s war in Ukraine. The list did not include the Russian anti-war candidate Boris Nadezhdin after the Central Election Commission (CEC) barred him on Thursday from running, saying it…
Governor of the Bank of Italy and hence European Central Bank Governing Council member Fabio Panetta spoke on Saturday, saying that “the time for a reversal of the monetary policy stance is fast approaching.”The ECB have already stopped raising rates, the last was in September when the Bank raised its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility to 4.50%, 4.75% and 4.00% respectively. More:”What should be discussed now are the conditions to start monetary easing, while avoiding risks to price stability and unnecessary damage to the real…
Canada added 37.3K jobs in January compared to 15K expected. The unemployment rate fell to 5.7% from 5.9% as labor force participation also slipped. “Although labour market conditions remain looser than they were a year ago, today’s data certainly won’t speed up the path to a first interest rate cut from the Bank of Canada,” CIBC wrote after the report.One caveat to the report was that it was tiled to part time jobs at +49K rather than full time at -12K with much of the jobs growth from government jobs. That’s part of an ongoing trend:”The number of private sector…
2/2 © Reuters. An Israeli soldier stands in what the military described as a Hamas command tunnel running partly under UNRWA headquarters, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in the Gaza Strip, February 8, 2024. REUTERS/Dyl 2/2 By Dylan Martinez GAZA (Reuters) – Israeli forces have discovered a tunnel network hundreds of metres (yards) long and running partly under UNRWA’s Gaza headquarters, the military says, calling it new evidence of Hamas exploitation of the main relief agency for Palestinians. Army engineers took reporters for foreign news outlets through the passages at a time of…
Mon: BoC SLOS, Indian CPI (Jan), Export/Imports (Jan), Holiday: China (New Year), Hong Kong, TokyoTue: OPEC MOMR, Swedish Unemployment (Jan), UK Unemployment/Wages (Dec), Swiss CPI (Jan), EZ/German ZEW (Feb), US CPI (Jan), NFIB (Jan). Holiday: China (New Year), Hong KongWed: Indonesian Presidential Election, UK CPI (Jan), Norwegian GDP (Dec), EZ Employment (Q4), Japanese GDP (Q4), Holiday: China (Spring Festival)Thu: IEA OMR, Australian Employment (Jan), UK GDP (Dec/Q4), EZ Trade (Dec), US Import/Export Prices (Jan), IJC (w/e 10th Feb), Philadelphia Fed (Feb), Retail Sales (Jan), Industrial Production (Jan), Business Inventories (Dec), New Zealand Manufacturing PMI (Jan), Holiday: China (Spring Festival)Fri: CBR…
© Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo/File Photo By Foo Yun Chee BRUSSELS (Reuters) – EU member states and MEPs struck a preliminary deal on Saturday to ease the bloc’s stringent fiscal rules, giving governments more time to reduce debt as well as incentives to boost public investments in climate, industrial policy and security. The latest revamp of two-decades-old rules known as the Stability and Growth Pact came after some EU countries racked up record high debt as they increased spending to help their economies recover from the pandemic, and…
Spencer Platt/Getty Images News Electric vehicle industry bulls such as ARK Invest’s Cathie Wood and Wedbush Securities’ Dan Ives were out with reminders this week that the death of the EV transformation and Tesla (NASDAQ:TSLA) story has been scripted many times before. The defenses came with some bearish analysts taking a victory lap over the sluggish share price this year and underwhelming outlook given by the company alongside its Q4 earnings report. “Tesla is going through a low right now related to the cycle,” stated Wood on CNBC. “But when autonomous taxi networks, platforms kick in, as we think they…