Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The research indicates that the news of a mass exodus of Western firms from Russia has been largely exaggerated.
Jan 24, 2023 - 07:34:03 PST
'If You Really Want To Understand How Much Trouble We're In, Give Me A Few Minutes Of Your Time' says Rep. David Schweikert (R-AZ).
The word "real" means inflation-adjusted. It's real income and spending that are inputs to GDP.
NYSE Says Trading Issue That Led to Dozens of Stocks Being Halted Has Been ResolvedJan 24, 2023 - 07:31:45 PST
The major stocks impacted included Morgan Stanley, Verizon, AT&T, Nike and McDonald's, according to the NYSE's website.
US PMIs Decline "Among The Steepest Since The Global Financial Crisis" In JanuaryJan 24, 2023 - 07:28:57 PST
The preliminary US PMI data was slightly better than expected but remains in contraction: S&P Global US Manufacturing PMI (January Flash) 46.8 vs 46.0 exp vs 46.2 prior - 7th monthly print below 50. S&P Global US Services PMI (January Flash) 46.6 vs 45.0 exp vs 44.7 prior - 3rd monthly print below 50
Gold prices advanced on Tuesday as the dollar's retreat amid expectations for a less-aggressive interest rate hike from the U.S. central bank made bullion a more attractive bet.
Jan 24, 2023 - 06:02:41 PST
As America heads towards an economic collapse due to its crazy national debt and runaway spending, we can learn some great lessons about how to prepare for the SHTF (Sewage Hits The Fan) that is to…
Jan 24, 2023 - 06:02:41 PST
As America heads towards an economic collapse due to its crazy national debt and runaway spending, we can learn some great lessons about how to prepare for the SHTF (Sewage Hits The Fan) that is to…
The temptation and crucial flaw of a totalitarian mind are that everyone must play a part in a superstructural battle between good and evil.
This week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and Senate Democrats agree to include spending cuts with the debt ceiling increase. However, President ...
including Amazon, Microsoft, and Meta—that experts say were driven by misjudging pandemic booms for sustainable growth. This resulted in over 154,843 jobs being cut by technology firms last year, according to Layoffs.fyi, a website that tracks job cuts across the industry. So far, in 2023, an additional 55,970 employees have been laid off by technology firms.
World’s Top Stock Strategist Says Investors Are Falling Into a Trap—AgainJan 24, 2023 - 05:44:54 PST
“The final stages of the bear market are always the trickiest,” Morgan Stanley’s CIO Mike Wilson wrote on Sunday. “We’re not biting on this recent rally.”
The move comes as corporate America has seen a string of layoffs with companies trying to rein in costs amid fears of a potential economic downturn. 3M expects adjusted sales growth to drop 6% to 2% this year due to declining disposable respirator sales and its exit from Russia. "We expect macroeconomic challenges to persist in 2023," Chief Executive Mike Roman said.
Partisan brinksmanship in the Congress has made shutdowns seem routine in the past decade, but the current standoff over raising the $31.4 trillion federal debt ceiling is significantly riskier.
NEW YORK (AP) — Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.
Debt sales in Europe have broken through €240 billion ($260 billion), beating a previous record for January set in 2020.
Japan raised its estimates for long-term interest rates over the coming few years in government's twice-yearly fiscal projections issued on Tuesday, following the central bank's decision last month to allow 10-year bond yields to move more widely.
Japan's manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday.
British companies signaled output dropped at the fastest pace since the start of the pandemic as the government budget deficit widened to a record, adding to evidence that the economy may be in a shallow recession.
China invoked the US’s brinkmanship over its own debt limit as it hit back at Treasury Secretary Janet Yellen’s criticism of Beijing’s handling of debt issues in developing countries.