Author: prosperplanetpulse.com

The sharp fluctuations in interest rates in the repo market suggest that the sharp decline in funding costs seen earlier this year may be coming to an end. Funding rates – the cost of holding government bonds – typically rise at the end of a quarter as banks curb lending, but the return of volatility has market participants concerned. “The days of super-liquidity and depressed short-term markets may be coming to an end,” said Gennady Goldberg, head of U.S. rates strategy at TD Securities. “Liquidity isn’t still in short supply, but the market is no longer drowning in excess liquidity…

Former President Donald Trump claimed the US had given Ukraine more aid than all European countries combined. “The European countries are spending $100 billion together, maybe more, less than we are,” Trump said. Facts first: Trump’s claim is false: European countries provided more aid to Ukraine than the United States from just before the Russian invasion in early 2022 through April 2024, according to data from Germany’s Kiel Institute for the World Economy. The Kiel Institute, which tracks aid to Ukraine closely, found that between late January 2022 (one month before the Russian invasion) and April 2024, the European Union…

Wall Street slumps despite Fed’s favored lower inflation rate, energy stocks and yields rise on Trump’s debate performance: What’s moving the markets on Friday?Wall Street experienced a lackluster session in midday trading in New York, with major stock indexes slightly lower despite the release of upbeat data on inflation.In May 2024, the personal consumption expenditures (PCE) price index, the Federal Reserve’s main inflation gauge, fell to its lowest level since March 2021, registering an annualized rate of 2.6%, in line with economists’ forecasts.The inflation report further indicates that price pressures are heading toward the Fed’s 2% target, strengthening market expectations…

Brian Kelly and the LSU football staff will enter the NCAA recruiting hiatus with several 2025 targets preparing to announce their college decisions.Led by a pair of highly coveted defensive linemen, the Tigers are on a recruiting trend and are primed for a spectacular win over the Bayou Bengals in July. LSU defensive line coach Bo Davis has been in contact with some of the top prospects in the country and has stepped up his recruitment efforts as he needs a dominant player up front.Now, the first week of July will be a chance for the Tigers to acquire two…

TUSTIN, Calif. – The Sheriff’s Department announced today that OC Sheriff Technology CenterThis will consolidate the three departments into one, improving operational efficiency and effectiveness. The 120,000-square-foot facility in Tustin will house the Department of Defense’s Technology, Operational Support and Intelligence and Special Operations divisions. The Sheriff Technology Center’s grand opening marks the opening of the OC Sheriff’s Real-Time Operations Center, which leverages technology to improve public safety and response to critical incidents. The Sheriff’s Technology Center is a state-of-the-art facility that combines real-time crime analysis with public safety resources including emergency communications, federal partnerships and technology to address a…

Market News Midday Cash Livestock Market In cash cattle country, activity is picking up a bit in parts of western Nebraska with live bids at $198, up $1 from the previous week. The rest of the business was quiet on Friday, but packer inquiries should continue to improve as the day progresses. Live bids were at $188 in Kansas and $198 in Nebraska. Slaughter bids were reported at $312 in Nebraska. Prices ranged from about $192 to $195 in the south to over $315 in the north. Beef cutouts were up midday with slight to moderate box movement. Choice was…

As expected, the Supreme Court handed conservatives a major victory on Friday, overturning a 40-year-old precedent known as “Chevron deference,” which had given federal agencies broad discretion in interpreting and exercising their powers under vague federal laws.This all sounds pretty technical, but the impact of the Court’s 6-3 decision could affect far-reaching aspects of American life, from the cleanliness of our air and water to the safety of consumer products to how financial markets work.The ruling places new responsibilities on Parliament that it is completely unprepared to deal with.”This decision will have far-reaching effects,” said former Representative Henry A. Waxman…

Looking at historical data, the stock market is poised to rise further given how strong it has been so far. It also bodes well that this is an election year. The S&P 500 is up more than 15% year to date, as the artificial intelligence boom has boosted mega-cap tech stocks and investors are hopeful that the Federal Reserve will start cutting interest rates later this year. All sectors that make up the index, except for real estate, are expected to finish the first half of the year in the positive. History offers reasons to be optimistic about the future,…

WASHINGTON DC / ACCESSWIRE / June 28, 2024 / Comcast Corporation: Comcast NBCUniversal and 2Gether-International (2GI), a leading 501c3 nonprofit and startup accelerator run by and for entrepreneurs with disabilities, announced an extension of their partnership. Comcast will expand its organizational support by awarding $1.5 million to support 2GI’s programs through 2025. The funding will help provide startup founders with disabilities with the tools and resources they need to become leaders in their respective industries. The grant will further 2GI’s efforts to better employ and support people with disabilities, particularly those with intellectual and developmental disabilities, across all programs and…

STORY: From election fever in France and the UK to the US jobs report, here are the top stories to watch in business and finance next week.:: Thinking ahead:: US monthly employment reportThe US monthly employment report will be released on Friday, July 5th.Economists expect a gain of 180,000 jobs in June.Nonfarm payrolls increased by 272,000 in May, well above expectations.The Federal Reserve left interest rates unchanged this month and delayed the start of rate cuts.:: Elections are being held in FranceFrance is holding the first round of a market-roiling general election on Sunday.Concerns over spending surges have subsided…Marine Le…