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The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week.
As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch. Historian Niall Ferguson is calling the digital yuan a “potentially fatal challenge” to decades of American financial hegemony. Franklin Templeton’s Michael Hasenstab says it could undermine the dollar’s...
The European Central Bank should change its policy and accept an overshoot of its inflation target to make up for years of sluggish price growth, the Financial Times reported, citing Bank of Finland Governor Olli Rehn, who is also a member of the ECB Governing Council.
Americans accustomed to years of low inflation are beginning to pay sharply higher prices for goods and services as the economy strains to rev back up and the pandemic wanes.
Homes are selling at a blistering pace unseen since before the financial crisis, pushing up home values in nearly every U.S. ZIP Code. Yet lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers.
“We could be at a generational turning point for finance. Politics, economics, international relations, demography and labor are all shifting to supporting inflation. After more than 40 years of policies that gave priority to the fight against rising prices, investor- and consumer-friendly solutions are becoming less fashionable, not only in the U.S. but in much of the world.
Threats against Members of Congress Have More Than Doubled This Year, Capitol Police SaysMay 10, 2021 - 05:36:09 PDT
Threats against federal lawmakers have more than doubled so far this year compared with last year, the United States Capitol Police said Friday.
Weak Jobs Report Shows the Need for Massive Jobs and Families Bills, Biden SaysMay 10, 2021 - 05:35:19 PDT
Hiring slowed dramatically in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rising to 6.1%.
CNBC's Robert Frank explains the new real estate tax proposals from President Biden that could hit those making over $1 million.
Anecdotal evidence of financial firms and investors moving to Florida hint at exponential growth, but migration data is telling a different story.
U.K. Prime Minister Boris Johnson is expected to announce that the government will push ahead with the next stage of lifting lockdown in England.
While Elon Musk hosted SNL, the price of dogecoin fell off a cliff.
U.S. Treasury yields started the week little changed, with the focus on inflation data due out later in the week.
Gasoline Futures Rise after Cyberattack Shuts Down Much of Vital U.S. PipelineMay 10, 2021 - 05:21:44 PDT
Colonial Pipeline said it's restoring service to lateral lines "and will bring our full system back online only when we believe it is safe."
Ether, the world's second-largest cryptocurrency, has been stealing the limelight from bitcoin.
S&P futures started the weak flat with Nasdaq futures falling offset by surging commodity stocks as a new record in copper and iron ore prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally.
Everybody expected the jobs report last Friday to show a big increase in employment. It didn't happen.Instead of the 978,000 new jobs created in April that economists expected, nonfarm payroll increased by just 266,000. On top of that, the Labor Department revised the March number down from 916,000 to 770,000. The unemployment rate ticked up to 6.1%.As Peter Schiff put it in his podcast, you don't need a job to spend printed money handed out by the government.
LBMA Makes Little 100 Million Ounce Silver Inventory Error & War Of Silver ETFs ContinuesMay 10, 2021
The LBMA announced today that they made a small error in overstating its silver inventories last month. According to the press release, the LBMA recorded an additional 3,300 metric tons of silver in March. That turns out to be a bit more than 106 million oz. That's half of the total global physical silver investment last year...
This is an update to our John Deere trade. Unfortunately, for those bullish John Deere investors, the stock has plenty of downside ahead. Of course, nothing is stopping John Deere's share price from going up even higher, but at some point, there won't be another SUCKER on the planet that will pay a penny more...
In my newest Market & Metals Update, I show how the silver price is now at an important long-term technical level. If silver closes above this level at the end of the quarter, that could be a very bullish signal for much higher prices. However, there is one factor that may keep the silver price from breaking out...