Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Airports around the country will share $8 billion in federal grants to help them recover from the pandemic, which caused a steep drop in air travel and a loss of revenue that airports expect from airlines and passengers.
They, and other companies that took pandemic rescue money, face new demands in return for their rescues.
President Biden ran for office promising not to raise taxes on anyone earning less than $400,000. But a new analysis provides yet more proof that the president’s actual tax plans belie his rosy rhetoric.
The racial wealth gap in the U.S. is more of a chasm. "Baby bonds" have become one proposal to help close the great divide.
The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued last week. Some of those payments include "plus-up" adjustments for people who received less money than they were entitled to in earlier checks.
Cutting Off Unemployment Benefits Early Is Not Pushing People To Find WorkJun 23, 2021 - 11:17:50 PDT
Job searches are muted in a dozen states that have ended federal unemployment benefits early, according to Indeed.
The National Eviction Ban Will Likely Be Extended Through July. What That Means for RentersJun 23, 2021 - 11:13:35 PDT
The Centers for Disease Control and Prevention is expected to extend the national ban on evictions for another month. Here's what to know.
Watch live: Treasury Secretary Janet Yellen testifies before Congress - 2:PM ETJun 23, 2021 - 11:10:46 PDT
Treasury Secretary Janet Yellen will ask a Senate Appropriations subcommittee on Wednesday afternoon to approve billions in funding earmarked for her department in President Joe Biden’s fiscal 2022 budget proposal.
For years, currency analysts (myself included) have looked for signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute, which would be agreed upon at some Bretton Woods-style monetary conference.
Jim Rickards shows you why inflation will stall, interest rates will fall and gold will rise…
Charles Hugh Smith shows you the sources of “rip-your-face-off” inflation that none dare discuss…
Jun 23, 2021 - 10:27:34 PDT
The U.S. Supreme Court dealt a blow to Fannie Mae and Freddie Mac investors in their challenge to the government’s collection of more than $100 billion in profits from the gover…
Jun 23, 2021 - 09:24:02 PDT
Yesterday the House Select Subcommittee on the Coronavirus Crisis convened a hearing at 2 p.m. to receive testimony from Federal Reserve Chairman Jerome Powell. The title of the hearing was “Lessons Learned: The Federal Reserve’s Response to the Coronavirus Pandemic.”
Jun 23, 2021 - 07:59:00 PDT
The money pushers: The world is embracing Japan-style economics.
The standard explanation for why inflation has been so low for so long in so many places is three words long: “technology and globalisation”. The technology side has a lot to do with Moore’s law. Over time, more of the goods and services we buy are digital, and computing power gets cheaper all the time. The globalisation side has a lot to do with China. Its export machine gives us all cheap stuff and suppresses wages for manufacturing industries worldwide.
Grantham Calls Meme Investing ‘Biggest U.S. Fantasy Trip’ Ever Thanks to a Clueless Federal ReserveJun 23, 2021 - 07:42:26 PDT
Investors are witnessing the “biggest U.S. fantasy trip of all time” in the stock market thanks to a clueless Federal Reserve, speedy stimulus and surprising success with Covid-19 vaccinations, according to Jeremy Grantham, financial historian and co-founder of the investment firm GMO. It’s been just over a year since the last stock market crash...
In 2018, Whirlpool Corp (WHR.N) swung to a loss after a tariff-fueled rally in U.S. steel prices drove up its raw-materials costs.
U.S. restaurants, faced with higher food and labor costs, are raising menu prices at a much faster pace than historical rates, insistent on preserving profits after an arduous year.From local restaurants to national chains like Chipotle Mexican Grill Inc., owners have boosted prices by as much as 5% in the past few weeks alone. Even at fast-food companies...
A spell of high inflation in the U.S. could last as long as 9 months, but the central bank should still avoid declaring victory too soon in the battle to regain 7.5 million jobs lost during the pandemic, Atlanta Federal Reserve president Raphael Bostic said on Wednesday.