Author: News Room

In December of last year I wrote an article called Is Gold To $2,200 And Beyond Achievable? Today gold is $2,204 dollars. Here was my key chart: This is what actually happened: Not bad if I may say so myself. So next stop $2,600? I think so but that doesn’t make it fate. Simply put, as per the last article, if it breaks up, $2,600 is where it is highly likely to end up. You have the road map for that. If it sticks to the route it’s a good sign it will go the whole way. If you want…

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March is globally recognized as Women’s History Month. This year, there has been a notable push to address the need for substantial change. This effort involves confronting realities such as the findings of the UK report “Sexism in the City.” The report has been an eye-opening insight into women’s significant workplace barriers. This included references boys’-club cultures and lack of fair progression. Similarly, revelations from Wall Street have shown that 45% of financial companies in the S&P 500 still lack female representation among their top executives. Recently, I participated in a discussion on the topic of slow progress at FinovateEurope.…

The Fed needs to cut rates to help the struggling clean energy sector, Elizabeth Warren said in a letter to Fed Chair Jerome Powell. Along with Sen. Sheldon Whitehouse, Warren said that high interest rates have “completely tanked” major renewable infrastructure projects which are heavily debt-financed. The letter also said high rates have pushed out increases in EV production and forced companies to axe their offshore wind projects. High interest rates are hurting the clean energy sector, and the Fed needs to do something about it, Elizabeth Warren said.In a letter written to Fed Chair Jerome Powell on Tuesday (before…

The Fed should wait a “couple years” to cut interest rates, according to top economist Mohamed El-Erian. That’s because it could take a while for inflation to fall to the Fed’s 2% target. Cutting rates prematurely raises the risk of stagflation, El-Erian has warned. The Federal Reserve should wait much longer than markets are expecting to cut interest rates, according to top economist Mohamed El-Erian.Speaking to Bloomberg on Wednesday, the Allianz chief economic advisor said he believed Fed officials should push back their timeline for rate cuts by “a couple years.” That’s due to the sticky nature of inflation, he…

By Naomi Rovnick LONDON (Reuters) – Markets are racing ahead to bet on big central banks lowering borrowing costs after Switzerland on Thursday delivered a surprise rate cut, but analysts cautioned that policymakers elsewhere won’t find it as easy to call time on the inflation fight. The Swiss National Bank (SNB) lowered its key rate to 1.5% from 1.75%, with traders responding by pushing government borrowing costs across Europe lower as the continent’s share index hit a fresh record. Caution remained as to whether the U.S. Federal Reserve would rush rate cuts given that inflation in the world’s biggest economy…

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On Thursday, Keefe, Bruyette & Woods maintained their positive stance on Redwood Trust (NYSE:), reiterating an Outperform rating and a price target of $7.75. The affirmation follows Redwood Trust’s investor day, which took place on Wednesday, where the company’s management discussed strategic growth plans, capital deployment, and collaborative opportunities with private credit providers. During the investor day, Redwood Trust provided insights into its $750 million Capital Partnership with CPP Investments. The management team outlined a five-year target for private credit to comprise approximately 45% of total capital, a significant increase from this year’s rate of 20%. The financial firm’s analysts…

WASHINGTON (Reuters) – Two U.S. senators introduced legislation on Thursday to harden the ban on selling from the Strategic Petroleum Reserve (SPR) to China. The bill, introduced by Senators Joni Ernst, a Republican and John Fetterman, a Democrat, would ensure that companies owned or controlled by China’s government do not buy oil from the SPR. A funding bill signed by President Joe Biden this month blocked Chinese companies from buying oil, but contained an exception if the oil was not exported to China. “This bipartisan bill will ensure America’s Strategic Petroleum Reserve does not fall into the hands of those…