Michael Shedlock's picture

Alison Carnwath, chairman of one of the UK’s largest construction firms says the Era of Robots is at hand. Thousands of builders will lose jobs as machines take over building London skyscrapers. There are 2.3 million construction jobs in the UK.

Adrian Ash's picture

Gold bullion held in a tight range Wednesday morning in London, trading $10 below the previous 3 sessions' floor of $1335 per ounce as European stock markets rose and government bonds eased back ahead of a raft of central banker...

Michael Shedlock's picture

I thought Trump did poorly. Trump missed a chance to go after Hillary about Libya, especially her statement “we came, we saw, he died” in which she bragged about killing Gaddafi. Libya erupted in a civil war following that event and...

Matthew Kerkhoff's picture

Groupthink can be a dangerous phenomenon in the financial markets, but it can also provide an advantage in some circumstances. If we know what key price levels other traders are watching, and how they’re likely to react if and when those levels are reached, then we can plan accordingly.

Christopher Quigley's picture

Since May 2007 Deutsche Bank shares have dropped from 150 US Dollars to around 12 US Dollars as we speak. Suddenly “the wires” are going viral with updates on the catastrophic state of the bank’s balance sheet. Here is what Kenny...

Andrew Zatlin's picture

There is a lot of pent-up demand for Apple’s (NYSE: AAPL) new iPhone 7 that just released. It’s the first new model in over two years (last year’s was just a tweaked version of the old one.) We can gauge the level of the pent-up demand by...

Kurt Kallaus's picture

Hold the presses: the bond bear market has been averted! Yesterday’s non-decision on the Federal Funds Rate was a surprise only to the intractable 12% of myopic analysts who want the Fed to get out of the business of printing dollars regardless...

Adrian Ash's picture

Gold prices held near 2-week highs in London on Thursday, trading at $1335 per ounce as world stock markets rose sharply following the US Federal Reserve's "no change" decision on interest rates but a new United Nations report warned of...

Tom McClellan's picture

We have an unblemished 21-year track record of predicting what the Fed should do, with 100% accuracy. What the FOMC actually does is often different from what it should do. As of the Sep. 21 FOMC meeting announcement...

Michael Shedlock's picture

Today the US Department of Transportation (DOT) and the National Highway Traffic Safety Administration (NHTSA) issued their long-awaited report onAutomated Vehicles Policy. The report, Accelerating the Next Revolution in...

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