Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
In a system maintained by ever-greater extremes, confidence erodes very quickly once the next extreme fails to move the needle.
Uninsured deposits in the U.S. total at least $7 trillion. We show the top 30 banks with the highest level of these deposits.
Apr 6, 2023 - 05:50:01 PDT
ChatGPT's ideal model of a "recession proof" investment portfolio includes large allocations (20%) in gold and other precious metals.
Gold steadied above $2,000 an ounce as traders digested the latest data from the US and its potential impact on the Federal Reserve’s interest-rate path.
Inflation has been a massive issue for nearly every major country for the past year or so. Consumers and corporations alike have felt the pain, with the previous four quarters of earnings proving to be relatively lackluster. While inflation is slowly declining, it has caused the debt of the U.S. and other countries to soar.
Jobless Claims Explode Higher After BLS 'Revisions'; Tech Layoffs On '2001' PaceApr 6, 2023 - 05:43:43 PDT
After ugly ISM employment data, dismal JOLTS, soaring WARN notices, and a weaker than expected ADP print, this morning's Challenger, Gray & Christmas report announced a bigger than expected 89,703 job cuts in March (270,416 year-to-date), up 319.4% YoY. The West dominated the cuts (East 13,638; Midwest 21,764; West 48,123; South 6,178), with technology-sector...
Small Businesses File For Bankruptcy At Record Pace, Surpassing COVID CrashApr 6, 2023 - 05:42:44 PDT
Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020. According to a UBS note reviewed by The Epoch Times, conditions could become worse as the knock-on effects from the recent banking crises begin to manifest.
Layoffs Are up Nearly Fivefold So Far This Year With Tech Companies Leading the WayApr 6, 2023 - 05:40:52 PDT
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month.
The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for the World Bank Group and International Monetary Fund (IMF) spring meetings.
US Treasury yields declined further Wednesday — with the benchmark 10-year reaching its lowest level since mid-September — after a gauge of service-sector activity became the latest piece of data to suggest the US economy is headed for a downturn.
The approaching US earnings season is expected to be the gloomiest since the pandemic, according to Goldman Sachs Group Inc. strategists.
For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers' cash parked in their accounts for longer. The promotions are running at a time when the failures of Silicon Valley Bank...
A glut of cars on the market is to trigger a price war among manufacturers as demand fails to keep pace with supply, analysts have forecast.
Costco Wholesale Corp. slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers.
A growing chorus of European Central Bank officials predicts that interest-rate increases will soon come to an end — signaling a new-found consensus after tensions began to bubble up at their last policy meeting.
BOJ’s Kuroda Leaves $11.7 Trillion ‘Shock and Awe’ Experiment to His SuccessorApr 6, 2023 - 05:26:29 PDT
Within weeks of taking office a decade ago, Bank of Japan Governor Haruhiko Kuroda fired his “shock and awe” stimulus targeting a return to steady 2% inflation in around two years. As his tenure ends, the original “time horizon” remains largely that — something within sight but out of reach.
BlackRock Inc. was hired as an adviser to help the US government arrange the sale of $114 billion in securities that were held by failed lenders Signature Bank and Silicon Valley Bank.
Fed: Economy Is ‘Certainly Slowing’ Amid Tightening Labor Market, Deutsche Bank Securities ChiefApr 6, 2023 - 05:23:01 PDT
Deutsche Bank Securities Chief US Economist Matthew Luzzetti joins Yahoo Finance Live to discuss the latest jobs data and a cooling labor market ahead of Friday's March jobs report.
U.S. stock futures were flat, with tech stocks underperforming ahead of the highly anticipated Friday’s job report.
Global stocks drifted on Thursday, following skittish trade in the Asian session, as traders awaited crucial U.S. jobs data that may add to mounting evidence of a U.S. slowdown and the likelihood of a global recession. The broad MSCI index of world stocks dipped 0.1%, putting it on track for its first weekly decline in three weeks. Equity investors were avoiding strong bets with many...