Precious metals are apparently waking up. And here is where you can find the best deals.
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Some 270 million people are suffering from acute malnutrition during the Covid-19 pandemic, double the number in 2019, according to the World Food Program.
The report by blockchain infrastructure platform Bison Trails examines digital currency proof-of-concepts launched by over eleven countries.
About 80% of the so-called tax gap is due to underreported income, largely from the wealthy, according to a Treasury report issued Thursday.
About two-thirds of U.S. banks are either already taking measures to limit the growth in their balance sheets or would take steps to cap them if they continue growing, a Federal Reserve survey of bank finance officers showed on Thursday.
Health Care in America ‘Is Completely Out of Whack’ As Millions Face Medical Debt CollectionsMay 20, 2021 - 11:51:28 PDT
According to Credit Karma data provided to Yahoo Finance, roughly 21 million Americans holding $46 billion of their medical debt as of April 2021 face collections — meaning that a third-party debt collector is trying to obtain the money owed.
President Joe Biden has proposed a tax hike on the wealthy to cover the American Families Plan. Experts say it may drop a tax bomb on divorcing couples.
The Fed This Summer Will Take Another Step in Developing a Digital CurrencyMay 20, 2021 - 11:42:26 PDT
The Federal Reserve will release a research paper this summer that explores a move to a central bank digital currency.
Federal Reserve Chair Jerome Powell flagged the risks of cryptocurrencies in an unusual video message on Thursday that also laid out a clearer timetable for the Fed to consider adopting a digital currency of its own. Highlighting the fast advances in financial technology and the potential benefits involved, Powell said that cryptocurrencies, stable coins and other...
Repo Crisis Looms: Fed's Reverse Repo Usage Soars To $351BN, Fifth Highest EverMay 20, 2021 - 11:18:04 PDT
As expected, today's overnight reverse repo facility usage soared above $300 billion, surging $57BN from $293BN on Wednesday to a whopping $351BN as 48 counterparties parked their reserves with the Fed in exchange for a 0.000% rate.
Rand Paul Warns America: Time to ‘Wake Up’ to ‘Profound Repercussions’ of Biden’s Spending BingeMay 20, 2021 - 11:13:01 PDT
“I don't think it's as benign as people say it's going to be,” Senator Paul said. “I think [the spending blowout] is going to have profound repercussions—and that we're just getting started.”
“As with cash transactions, businesses that receive cryptoassets with a fair-market value of more than $10,000 would also be reported on,” the Treasury Department said in a report on tax-enforcement proposals released Thursday.
The Biden administration is leading a campaign against Russian attempts to assert authority over Arctic shipping and reintroduce a military dimension to discussions over international activity in the area.
Inflation has gone mainstream, and it’s something we’re going to have to get used to. That means a bumpy ride for your investments, says John Stepek. Here’s what it all means for your money.
Biden, Yellen Seek Backing for $2.3 Trillion Infrastructure Package: WSJMay 20, 2021 - 10:47:03 PDT
President Biden and the Treasury secretary promoted the administration’s infrastructure and tax plans as vital for the U.S. to compete globally. The White House and Republican lawmakers continued to pursue a deal.
There might be a shortage of fuel…for the markets.
US President Joe Biden's administration has embarked on a bold and long-overdue departure from the economic policy orthodoxy that has prevailed in the US and much of the West since the 1980s. But those who are seeking a new economic paradigm should be careful what they wish for.
The fact that fiscal policy is now driving monetary policy in the United Kingdom cannot be admitted, and not only to maintain the perception of central-bank independence. More fundamentally, admitting that the Bank of England is an agent of the Treasury would destroy the intellectual edifice of current macroeconomic theory.
Inflation Rate in United States Between 1959 and 2021 Has Been at Least 801.81%May 20, 2021 - 08:55:57 PDT
This means that 100 dollars in 1959 are equivalent to 901.81 dollars in 2021. In other words, the purchasing power of $100 in 1959 equals $901.81 today.
Gold Is Still ‘Relatively Cheap’ and Could Surge Back Toward Its All-Time High, Strategist SaysMay 20, 2021 - 08:26:04 PDT
Kelly also noted gold’s relation to the U.S. dollar. As gold is typically priced in dollars, then any fall in the greenback would usually lead to a rise in the price of gold.
Three may be the magic number, but it is four that obsesses the market. Specifically, inflation rising above 4% last week proved a shock for inflation-sensitive assets, with bond yields jumping and stocks falling, growth stocks most of all.