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(Bloomberg) -- Oil fell as some of the premium from tensions in the Middle East continued to fade from the market.Most Read from BloombergBrent slipped near $86 a barrel after posting the biggest drop since early February last week. Gold also fell, in a sign that haven demand is easing.ADVERTISEMENTAn uneasy calm has descended over the market after prices whipsawed on Friday, with Iran downplaying Israel’s response to the Islamic Republic’s unprecedented drone and missile strike a week earlier. On Monday, addressing the tensions, Tehran said Israel has received the “necessary response at this stage.”The US House has passed new…

JPMorgan CEO Jamie Dimon.AP PhotoWall Street's head honchos are wary of economic threats like inflation, recession, and war.JPMorgan's Jamie Dimon, Goldman's David Solomon, and Citi's Jane Fraser warned against complacency.BlackRock's Larry Fink and Blackstone's Steve Schwarzman flagged fear and uncertainty in markets.The bosses of Wall Street's biggest firms struck a cautious tone on the US economy during their first-quarter earnings calls, transcripts provided by AlphaSense show.They suggested inflation and interest rates could drop, and the economy might keep growing and skirt a recession. But they also warned that stubborn price increases, persistently high borrowing costs, a painful downturn, and overseas…

(Reuters) - North American copper miners are expected to report a decline in first-quarter earnings this week due to lower prices of the red metal amid persistently high costs.Freeport-McMoRan and Canada's Teck Resources are expected to post a combined adjusted net income of $666.3 million, according to LSEG estimates, compared with $1.43 billion in the year-ago quarter.Copper prices touched a multi-year high last month after major Chinese copper smelters agreed to limit capacity expansion.Despite the late rally, average benchmark copper prices were down about 5% during the quarter compared to last year, weighed by concerns over demand in top-consumer China…

(Bloomberg) -- Copper rallied towards $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal.Most Read from BloombergBase metals have posted broad gains in recent weeks, and copper opened Monday with a fresh advance to $9,988 a ton. Signs of improvement in manufacturing activity from the US to China have buoyed metals, although geopolitical risks and renewed uncertainty over monetary policy are clear risks.Copper’s rally was fueled initially by a slew of disruptions at major…

Economy People in China are so spooked about the economy that even the weak yuan isn't stopping them from buying more gold Huileng Tan 2024-04-22T06:33:28Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link Save Article Icon A bookmark Save Read in app Angle down icon An icon in the shape of…

(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday.About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report.The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and…

A man who allegedly took part in scamming a 70-year-old Carlsbad woman out of around $1.4 million of her life savings has been charged by San Diego federal prosecutors with conspiracy to commit wire fraud, the U.S. Attorney's Office said Thursday. Prosecutors say Xilin Sun, 35, of Ontario, worked alongside a group of people who tricked the victim into handing her money over because she mistakenly believed her bank account information had been compromised. According to the U.S. Attorney's Office, the woman's ordeal began with a pop-up message that appeared on her computer, which informed her that her computer had…

(Reuters) -U.S. banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday.Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days.The Federal Reserve is not involved in drafting the proposal, the report said.Executive pay on Wall Street has long been a hot-button issue, with critics pushing…

Submitted by GoldFix for ZHAuthored by Jim Willie CB The time has come to cite the many reasons why Gold has risen, and why Gold will continue to launch to much higher levels. The USGovt debt and USTreasury Bond default, in my opinion, deserve the lead factors along with powerful price inflation. These factors are not featured in the press. The Jackass has stated for the last five years, to impatient clients and frustrated colleagues, that the Gold price will not break above the $2000 mark with momentum in a sustained manner until the USGovt debt is widely perceived to…

[embedded content]Join us in this thoughtful discussion with investment expert Rick Rule, who sheds light on the understated yet steady increase in gold prices driven by central bank purchases. What might unfold as individual investors begin to engage more with gold?Key Takeaways:The significant role central banks play in the current stability of gold prices.The potential effects of increased retail interest on the prices and stocks of gold.Insights into why broader investment circles may overlook gold despite its potential during inflation.The changing demographic profile of gold investors, pointing towards a more diverse and younger audience.Future expectations for gold investment demand and…

A reader asks: I get all the stuff Ben has been saying about inflation — wages have kept pace, economic growth has been higher than the 2010s, wages have risen the most for lower income people, etc. I get all that. My husband and I own a house and own stocks so we’ve benefitted in recent years. Having said all of that, I STILL CAN’T GET OVER HOW HIGH PRICES ARE!!! The grocery store, home/auto insurance, restaurants, babysitters for the kids…everything is more expensive. So how do I get over the sticker shock? Will it just fade eventually as we…

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