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New data from the Bureau of Labor Statistics on Wednesday showed that the core inflation measure fell for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) rose 0.2% from the previous month, slowing from November’s 0.3% monthly … Read more
Last year, JPMorgan Chase ( JPM ) was more profitable than ever, as it earned $14 billion in the last quarter of 2024. Its full-year profit rose to $58 billion, an all-time record for JPMorgan and the highest in American banking history. Its fourth-quarter profits were up 50% from the beginning of last year. The … Read more
American consumers ended the year on a spending spree, buying everything from furniture to clothing and dining out, according to the latest government snapshot. The figures released on Thursday marked a clear sign that consumers are still able and willing to shop, and while shoppers are focused on bargains, the data bodes well for 2025. … Read more
(Reuters) – U.S. central banks are forecasting a more limited rate cut in 2025 rather than the full percentage of cuts they presented in 2024, given slower progress toward the 2% inflation target, a still-strong labor market and plenty of uncertainty . On the potential impact of tax cuts, tariffs and other economic policies in … Read more
By Pete Schroeder WASHINGTON (Reuters) – Big U.S. banks plan to review other U.S. capital rules, industry executives said, emboldened by a friendlier approach by the Trump administration and their success in curbing capital growth last year. Among the industry’s goals are locking in a weaker version of the “Basel Endgame” capital rule, reducing the … Read more
Bitcoin price continues to dance. It fell to $90K this Monday before climbing to $101K by Friday. Can we attribute this week’s price volatility to global warming? Eight US states are currently working to create a strategic bitcoin reserve. So far, Texas, Oklahoma, Florida, Ohio, Alabama, New Hampshire, Pennsylvania and North Dakota have introduced bills … Read more
There is potentially a major shake-up in the mining industry… Mining giants Rio Tinto and Glencore are exploring a potential $160 billion merger that could reshape the global metals landscape. The deal would create a copper powerhouse to rival industry leader BHP, although significant hurdles remain. READ MORE “2025 May Be Last Year to Buy … Read more
There is potentially a major shake-up in the mining industry… Mining giants Rio Tinto and Glencore are exploring a potential $160 billion merger that could reshape the global metals landscape. The deal would create a copper powerhouse to rival industry leader BHP, although significant hurdles remain. READ MORE “2025 May Be Last Year to Buy … Read more
Penny Production Costs in 2025: Current Trends Show Prices A Penny Could Be Close to 3.5 Cents! Have you ever wondered what pennies are made of? At first glance, it may seem like a small coin, its value is almost insignificant. However, the cost of producing each penny actually exceeds its face value, leading to … Read more
NBA championship rings are symbols of unparalleled achievement in professional basketball. Crafted with exquisite craftsmanship, these rings are often made of precious metals such as gold. If you’ve wondered about the gold content of NBA championship rings and their value, you’re not alone. For a deeper understanding of the role of gold in various industries, … Read more