Precious metals news

They’re everywhere. Soon security bots that look a bit like Star Wars’ R2-D2 will be patrolling some parking lots at the Los Angeles airport.

A year before the 2022 midterm elections, Republicans hold a clear lead on the congressional ballot as President Joe Biden's approval rating sinks to a new low of 38%.

The bill includes $110 billion in funding for roads, bridges and major projects, as well as $39 billion to modernize and make public transit more accessible to the disabled and elderly. Significant chunks of that money will go to major city transit systems, like New York City’s, based on federal funding formulas. (Taxpayers paying for something that even New Yorkers aren’t willing to pay for??)

With The Federal Reserve leaving its target rate at 0.25%, but hinting at a tapering (slowdown) of asset purchases, I thought it would be good to present where The Fed sits at the moment.

8.5% of FHA mortgages are still seriously delinquent — accounting for half of all seriously delinquent mortgages.

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"I'm open to supporting a final bill that helps move our country forward, but I'm equally open to voting against a bill that hurts our country," Manchin says.

Fed Vice Chairman Richard Clarida conceded that inflation is running well above a level that the central bank considers desirable.

After all the drama, the government finally did what everyone knew would happen… and raised the debt ceiling. The Treasury wasted no time and added $480B in the second half of October.
With this new debt tagged on, if the Fed has to raise rates to 6% to fight inflation, it would increase interest costs by $250B within 6 months and nearly $1T within a few years. This is why the Fed must tell everyone that inflation is transitory!

Gold prices extended a rally to hit a two-month high on Monday as a retreating dollar bolstered the precious metal's appeal.

The Chinese military has built a huge target on a desert firing range for its latest anti-ship ballistic missiles that is the exact shape of a US navy aircraft carrier, satellite images have revealed.

As supply-chain disruptions worsen and inflation surges, executives and policy makers must navigate a delicate transition to a more normal economy.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/87d4e7f4-2f23-4c88-b70b-1f72224a4fc1 But for Jay Powell, his past two gatherings — the most recent of which culminated on Wednesday in the first big move by the Federal Reserve to scale back its pandemic-era stimulus — have featured probing questions about his fate at the helm of the institution.

Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain from the COVID-19 pandemic, a plan that would require issuing new debt, Kyodo news reported.

“Raw material issues can be the last nail in many people’s caskets,” Kerr said his business, the Storm Yacht, is facing serious tensions. “At some point, something is going to break because we can’t continue to cut prices and increase costs. There’s nothing good going on.”

China’s military buildup and its push to develop nuclear-capable missiles is unnerving Congress and U.S. defense officials alike.

“[This is] a framework that will create millions of jobs, grow the economy, invest in our nation and our people," Biden said in a speech.But a new Ivy League analysis destroys the president's entire argument for his spending agenda.

China’s inflation risks are building while new Covid-19 outbreaks are dimming the outlook for economic growth, throwing the spotlight back on policy makers as the Communist Party’s top leaders gather for a crucial political meeting this week.

Shifting expectations for inflation and central-bank policy spark surprise moves in government-debt markets, hurting big-name players.

After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.