Economic Wire: A million-dollar gold bear emerges ahead of the Fed decision
Someone Just Bet $1 Million That Gold’s Rally Is Over
Someone Just Bet $1 Million That Gold’s Rally Is Over
What Happened: According to CNBC, Yum Brands beat earnings estimates driven by Taco Bell’s 8% same-store sales growth in the quarter. The parent company outperformed across the board.
According to CNBC, Wall Street stocks fell after reports that OpenAI’s revenue and user growth are falling short of internal targets, dampening optimism around the AI trade just as Asian markets…
According to CNBC, the UAE announced it’s leaving OPEC, citing its desire to ramp up oil production without the cartel’s production constraints — a move that could put serious downward pressure on cru
According to CNBC, JPMorgan Chase CEO Jamie Dimon warned of “some kind of bond crisis” ahead, citing the unpredictable mix of mounting global debt risks.
Fed Enforcement Action Signals Tighter Bank Supervision Ahead
What Happened
According to CNBC, economists expect March payrolls to rise just 59,000 with unemployment holding at 4.4%.
According to CNBC, President Trump says Iran’s president has asked for a ceasefire but insists the Strait of Hormuz must reopen before any deal moves forward.
According to CNBC, President Trump indicated that Iran’s president has requested a ceasefire, though the U.S. is demanding the Strait of Hormuz be reopened before agreeing to any deal. The conflict be
What Happened
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