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      Popular fast-food chain rolls out new major plan
      Submitted May 9, 2025      |From thestreet.com

      Steak 'n Shake is jumping into the crypto space. Starting May 16, the legendary American fast food chain will accept Bitcoin payments at all of its locations, according to a message posted on X on May 9. The development came after a viral March poll ...

      Three Things – BRK vs the S&P 500
      Submitted May 9, 2025      |From disciplinefunds.com

      Here are some things I think I am thinking about this week: 1) Should you replace your S&P 500 holding with Berkshire Hathaway? I got a great question from my friend Simon, a financial advisor in Canada, who has been having a debate with some of his ...

      Williams: Uncertainty and Robust Monetary Policy
      Submitted May 9, 2025      |From newyorkfed.org|1 comment

      Good afternoon. I’ve been waiting for the right opportunity to visit Iceland, and this conference is a wonderful reason to be here. I would like to thank Governor Jónsson for the invitation. We are experiencing a moment of great uncertainty and change. I’d like to take this time to step back and revisit the lessons of the past several decades of monetary policy under uncertainty, a topic I have devoted most of my career to as a researcher and policymaker. In particular, I’ll discuss the key characteristics of monetary policy approaches that are robust to uncertainty. Before diving deeper into this topic, I must give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. Fed’s Williams does not comment on economic, monetary policy outlook. Fed’s Williams: Central bank independence delivers better outcomes Fed’s Williams: Now is a time of great uncertainty and change.

      CA Labour Force Survey, April 2025
      Submitted May 9, 2025      |From statcan.gc.ca

      Employment was little changed in April (+7,400; +0.0%) and the employment rate declined 0.1 percentage points to 60.8%. The unemployment rate increased by 0.2 percentage points to 6.9%. In April, employment fell among core-aged (25 to 54 years old) ...

      Bank of England's Pill: Not seeing a dramatic shift in UK economy after tariff announcements
      Submitted May 9, 2025      |From @PiQSuite

      BANK OF ENGLAND'S PILL: NOT SEEING A DRAMATIC SHIFT IN UK ECONOMY AFTER TARIFF ANNOUNCEMENTS LIMITED ECONOMIC REACTION TO TARIFFS PARTLY REFLECTS EXPECTATIONS OF LOOSER BOE POLICY BOE'S PILL: SHOULD NOT NEGLECT LONGER TERM UPWARD PRESSURES ON INFLATION FROM PAY 'CAREFUL' RATE CUTS SHOULD BE UNDERSTOOD TO REPRESENT BEING ALERT TO AND AGILE TO FUTURE ECONOMIC CHANGES TARIFFS WILL NOT PARALYSE MPC FROM TAKING APPROPRIATE ACTION TO SECURE 2% INFLATION

      Hillgrove gearing up for copper growth
      Submitted May 9, 2025      |From australianmining.com.au

      Hillgrove Resources said April production from its Kanmantoo mine in South Australia met expectations, with 811 tonnes of copper produced. The company has completed preparatory works at the Nugent project, with accelerated underground development ...

      Kugler: Assessing Maximum Employment
      Submitted May 9, 2025      |From federalreserve.gov

      Thank you, Francine, and thank you to the Central Bank of Iceland for the invitation to speak to you today.1 My subject is the Federal Reserve's mandate of maximum employment. In the Fed's monetary policymaking, maximum employment and stable prices are linked in the mandate assigned to the Federal Reserve by U.S. law, which we refer to as the dual mandate. Icelanders, I know, are a seafaring people, and those here will understand what I mean when I say that the dual mandate is our "lodestar," a word our two languages share. It is our goal and our guide in setting monetary policy. There is an important distinction between our dual-mandate goals. For reasons that I will explain, while the Federal Open Market Committee (FOMC) has defined "stable prices" as 2 percent annual inflation, such numerical precision is not possible in defining maximum employment. Fed's Kugler: US Labor Market Is Stable, Close To Maximum Employment - Past 2 Recoveries Suggest 3.5% Unemployment Sustainable