Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Mar 2, 2023 - 11:48:43 PST
KIA and Fiat have introduced digital metaverse dealer showrooms so customers can more easily shop for cars from the comfort of their homes. The two auto manufacturers are among the first organizations to justify the sales platform's use within their businesses.
Blackstone Defaults On $562MM CMBS As It Keeps Blocking Investor Withdrawals From $71BN REITMar 2, 2023 - 11:40:26 PST
Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.
Mortgage rates in the US increased this past week, further crimping affordability ahead of what’s usually the homebuying market’s busiest season.
Credit Suisse Crashes To All Time Low After Boosting Deposit Rates To Reverse Bank RunMar 2, 2023 - 11:35:37 PST
It's become almost like clockwork: every two weeks we get some news that send Credit Suisse stock to new all time lows.
And the more debt we add, the faster the day of reckoning will arrive. Got gold?
So sorry, but the lifestyle of low-cost credit and all the goodies it could buy is permanently out of stock.
The shipbuilding industry cut a deal with the Jones Act. Thanks to that, goods are more expensive and natural disasters are harder to address.
Mar 2, 2023 - 08:40:31 PST
South of the border, down Mexico (and Guatemala) way. What a mess in Washington DC. While House Republicans are at lagerheads with Senate Democrats and Resident Biden over Federal spending cuts, th…
"You Are Killing Us!": Southern California Gas Seeks 13 Percent Monthly Bill IncreaseMar 2, 2023 - 08:38:31 PST
As millions recover from exorbitant utility bills, the state is considering Southern California Gas Company’s (SoCalGas) request to raise monthly rates by 13.2 percent next year for the 5.9 million households and businesses it serves.
There's never going to be a one-size-fits-all situation when it comes to perfecting retirement, but there are different ways you can look at it to figure out what works best. Here's what it would cost the average American to retire.
This chart shows the countries/territories with the highest share of people aged 65 and older in 2022 and 2050.
The institute’s data finds that despite the coverage offered by Medicare, retirees should expect to pay significant out of pocket costs for their healthcare during retirement. These costs cover a range of expenses, including insurance premiums, program deductibles and prescription drug treatments.
In real terms, making $4.05 per hour in February of 1973 would be worth nearly as much as someone making $28.26 today.
Mar 2, 2023 - 07:52:07 PST
The Minneapolis Fed president seeks to lower inflation by targeting wage growth.
Mar 2, 2023 - 07:51:13 PST
Despite Treasury Secretary Janet Yellen claiming that inflation was only transitory and likely to disappear, we are seeing continued inflation. Now we see that Unit Labor Costs are up 3.2% QoQ for …
Gold prices were set to break a three-session winning run on Thursday, weighed down by a firmer dollar and as bullion's outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve.
Despite the ongoing headlines of layoffs across all industries, US jobless claims data continues to refuse to show anything but an extremely strong labor market, with initial claims at 190k last week (better than the 195k expected) and continuing claims at 1.655mm (below the 1.669mm expected)
Evidence of China’s rapid economic rebound has reignited hopes of a banner year for demand in the world’s top commodities importer. How Beijing chooses to support the recovery at its upcoming annual policy meeting will now be the focus of markets from copper to crude and soybeans.
Ex-BoJ Gov Shirakawa Urges Re-Examination of Monetary Framework, Inflation TargetsMar 2, 2023 - 06:11:35 PST
Former Bank of Japan (BOJ) Governor Masaaki Shirakawa called on policymakers to reconsider central banks' monetary framework based on inflation targets, given their limits that became apparent from the recent spike in prices seen in many countries.
Mar 2, 2023 - 06:09:33 PST
Bitcoin and other cryptocurrencies were falling Thursday, under pressure but holding key levels amid signs of distress at Silvergate Capital an influential banker to the digital asset industry.