US JOBLESS CLAIMS -2K TO 220K IN MAR-8 WK; SURVEY 225K US MAR-1 WEEK CONTINUING CLAIMS…
Day: March 13, 2025
📰 OIL PRICES WOULD NEED TO FALL TO $53/BARREL FOR US CPI TO HIT FED’S 2% TARGET:CITI 🔸 Citi: Brent crude could drop to $60 by 2H25 (-20% from $75), potentially lowering U.S. CPI by 0.3pp short-term. 🔸 Impact: A 33% oil price drop could cut CPI by 0.5pp; a 50% drop ($35/bbl) could reduce CPI by 0.8%. 🔸 Fed Target: Oil at $53/bbl (~$2.60/gal gas) needed for 2% inflation. 🔸 Risks: Tariffs on China (+0.2pp CPI), reciprocal tariffs (+0.3pp), and U.S. trade policies could offset deflationary effects.
OIL PRICES WOULD NEED TO FALL TO $53/BARREL FOR US CPI TO HIT FED’S 2% TARGET:CITI…
📰 LUTNICK: CANADA NEEDS TO LET THE US BUILD ITS STEEL, ALUMINUM
LUTNICK: CANADA NEEDS TO LET THE US BUILD ITS STEEL, ALUMINUM
📰 LUTNICK: TRUMP ON APRIL 2 WILL DESCRIBE HOW TO BALANCE TRADE
LUTNICK: TRUMP ON APRIL 2 WILL DESCRIBE HOW TO BALANCE TRADE
📰 BINANCE CEO: TRUMP’S CRYPTO STANCE ‘LANDMARK’ Talking about the Trump administration’s decision to create a strategic Bitcoin reserve, Teng said this is a “good first step,” as it might push other governments to consider “doing allocation into crypto.” “It’s not a question of whether to allocate, it is whether [to allocate] 2% or 5%, right? So we are having a lot of those important conversations now … The long-term drivers are very strong,” the Binance head commented.
BINANCE CEO: TRUMP’S CRYPTO STANCE ‘LANDMARK’ Talking about the Trump administration’s decision to create a strategic…
📰 $META – META: TESTING BEGINS FOR COMMUNITY NOTES ON FACEBOOK, INSTAGRAM AND THREADS
$META – META: TESTING BEGINS FOR COMMUNITY NOTES ON FACEBOOK, INSTAGRAM AND THREADS
Richard Hammond & James May Make “Slightly Traumatizing” Return To ‘Top Gear’ Studio
After hanging up their The Grand Tour driving gloves, it appears that Richard Hammond and James…
📰 🚨 TRUMP SAYS IF EU DOES NOT REMOVE TARIFF ON WHISKEY THE U.S. WILL PUT 200% TARIFF ON ALL WINES, CHAMPAGNE
🚨 TRUMP SAYS IF EU DOES NOT REMOVE TARIFF ON WHISKEY THE U.S. WILL PUT 200%…
‘Leaving Neverland 2’ Director Dan Reed On Why HBO Backed Out Of Michael Jackson Sequel, The “Rough” Road For Docs & Lionsgate‘s King Of Pop Biopic
It’s been six years since Leaving Neverland left an indelible impression on Michael Jackson’s legacy. The…