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Source: Kitco News Agency
3 weeks ago
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Spot gold price at $4,366/oz after ISM Manufacturing PMI falls to 54.6

Spot gold price at $4,366/oz after ISM Manufacturing PMI falls to 54.6

Gold is coming off session lows after the latest data showed the U.S. manufacturing sector performing below expectations last month, while prices held steady in August.The Institute for Supply Management (ISM) announced on Tuesday that its Manufacturing Purchasing Managers Index fell to 54.6 in August, after posting a reading of 55.6 in July. The headline number was lower than expected, as consensus forecasts looked for a reading of 55.3.

Source: Kitco
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Source: 24/7 Wall Street News Agency
3 weeks ago
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Fed Chair Kevin Warsh Pushed September Rate Hike Odds Past 50%. But 1 Investor Says the Market Has It Wrong

Fed Chair Kevin Warsh Pushed September Rate Hike Odds Past 50%. But 1 Investor Says the Market Has It Wrong

Kevin Warsh just sent September rate hike odds above 50%, but at least one prominent investor thinks the bond market is making a serious mistake and that NVIDIA traders may be the ones who get the last word.

Source: 24/7 Wall Street
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Source: Reuters News Agency
3 weeks ago
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Blockade succeeds where sanctions failed as Iran oil exports stall

Blockade succeeds where sanctions failed as Iran oil exports stall

For the first time on record, Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, ​as a U.S. naval blockade succeeds where years of sanctions failed by cutting off one of Tehran's main sources of foreign-currency earnings.

Source: Reuters
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Source: CNBC News Agency
3 weeks ago
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Fed Governor Barr says he'll support rate hike if inflation doesn't ease

Fed Governor Barr says he'll support rate hike if inflation doesn't ease

Fed Governor Michael Barr said Tuesday he would back a rate hike unless inflation shows convincing signs it is moving back to the central bank's 2% target. The comments come amid rising bond yields and stubbornly high inflation, as well as market expectations for a rate hike when the Fed meets again in two weeks.

Source: CNBC
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Source: Seeking Alpha News Agency
3 weeks ago
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Golub Capital: The 15% Dividend Cut May Not Be The Last

Golub Capital: The 15% Dividend Cut May Not Be The Last

Golub Capital BDC remains under pressure, with sequential declines in portfolio value, NAV, and investment activity despite a recent 15% dividend cut. GBDC's dividend coverage is tight at 103%, leaving little cushion; further deterioration in net investment income could prompt another cut within two to four quarters. Rising non-accruals, declining portfolio yields, and continued NAV erosion drive my continued sell rating, outweighing the appeal of the current 8% NAV discount and high yield.

Source: Seeking Alpha
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