Good Reads
U.S. Government Spending Addiction Drives Yet Another Big Monthly Deficit
This is your monthly reminder that the U.S. government still has a massive spending problem. The federal government’s Debt Black Hole got a little bigger in March, as Uncle Sam ran yet another big budget deficit. According to the Monthly Treasury Statement, the Trump administration spent $164.1 billion more than it took in last month. That was about 2 percent bigger than last year’s March deficit, despite a significant increase in revenue. Read on »
Gold Declines as Traders Assess Renewed Push for US-Iran Talks
old slipped as traders assessed fragile optimism for a negotiated settlement to the war in the Middle East, despite the near-total blockade of energy shipments via the Strait of Hormuz. Read on »
CATL earmarks $4.4B for critical minerals mining arm
Contemporary Amperex Technology Ltd (CATL) has earmarked $4.4 billion to expand its critical minerals mining business amid a global energy shock that raised fears over its supply of battery raw materials. On Wednesday, the Chinese EV battery maker — one of the world’s largest — said it will create a new subsidiary to act as an investment and operations platform for the new energy mining sector. Read on »
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