Precious metals are apparently waking up. And here is where you can find the best deals.
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"AI cannot credibly justify a radical policy like UBI at this point. Misunderstanding AI adds to a natural fear of the unknown though we know that technological change always proves beneficial to the economy and that society will have ample resources to aid anyone who might be displaced by AI in...
Treasury Secretary Yellen Says Rates May Have to Rise Somewhat to Keep Economy from OverheatingMay 4, 2021 - 08:21:03 PDT
“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat,” she said.
The Bank of Japan has been pursuing a monetary policy of “yield curve control” (YCC) since 2016, with which it keeps short and long-term interest rates for Japanese debt securities at around 0 percent. To do this, it buys massive amounts of government bonds.
ECB’s Villeroy Says Don’t Fret About Europe’s Insolvency Risks: BloombergMay 4, 2021 - 07:41:16 PDT
There is overblown alarm about a possible wave of insolvencies engulfing the European economy as governments taper aid for firms, Bank of France Governor Francois Villeroy de Galhau said.
The analysis illustrates how the current recovery is leaving some communities behind, with critical implications for the Fed now that it’s embraced a much broader concept of full employment. In the same way the European Central Bank has often had to account for a booming Germany and recession-wracked Italy, the Fed is now attuned to differences across the U.S. That's worth bearing in mind on Friday.
U.S. Trade Deficit Surges to New Record; Shortfall with China Keeps RisingMay 4, 2021 - 07:25:36 PDT
The imbalance in goods and services with the rest of the world swelled to $74.4 billion, the Commerce Department reported Tuesday.
May 4, 2021 - 07:22:00 PDT
This guide in plain English explains how market capitalization works for stocks, bonds, bitcoin, gold, and other assets, including some things that are unintuitive.
Investors know this and are looking for ways to protect their clients’ savings from inflation and an even more likely concern: stagflation. A rising number of funds are looking at a highly likely risk of stagnation after the chain of stimuli but with rising prices. Official CPI may not reflect the rise in healthcare, education, fresh food prices and rent, but citizens feel it.
Gold prices on Tuesday retreated from the previous session’s more than two-month high on a stronger dollar ahead of a slew of U.S. economic data, while palladium held firm near record highs hit last week on supply concerns.
While the implications are obvious, we leave it to Bank of America to explain what this means:...
Goldman Downgrades Kroger and Albertans, Says Inflation Will Hit Grocers’ Margins: CNBC ProMay 4, 2021 - 05:36:31 PDT
The return of restaurants and rising food prices should put pressure on supermarket stocks in the months ahead, Goldman Sachs said in a note to clients on Tuesday.
A major investment deal reached in December between the European Union and China — after seven years of painful negotiations — may end up being the high-water mark for ties that are quickly deteriorating again. Since then, the EU’s executive branch and Germany have each formulated legislation that would make life harder for Chinese entities...
Markets have been obsessed -- and sometimes roiled -- for months over whether higher inflation is coming. The latest batch of quarterly reports suggests it’s already here and helping corporate America. Faced with rising prices for everything from lumber to oil to labor and computer chips, chief executive officers have cut costs and boosted prices...
The rally in commodity prices is bolstering the outlook for emerging-market currencies and boosting parts of credit and stocks even as it fuels concerns about higher inflation. The Bloomberg Commodity Spot Index has risen to the highest since 2012 after advancing 8.7% last month in the biggest jump since August. Many investors expect more gains...
The U.S. Treasury more than quadrupled its borrowing estimate for the quarter through June, and expects to need some $1.3 trillion over the second half of the fiscal year to help pay for a raft of fresh pandemic-relief spending.The Treasury’s projections, released in Washington Monday, incorporated the impact of President Joe Biden’s $1.9 trillion...
Stock Futures Decline After a Solid Start to May, Tech Shares Set to FallMay 4, 2021 - 05:19:28 PDT
Futures on the Dow Jones Industrial Average lost 107 points. S&P 500 futures fell 0.45%. Futures for the tech-heavy Nasdaq-100 were the hardest hit, dropping 0.8
The president says tax hikes for the wealthy and corporations are a fundamental part of creating a fair economy. McConnell insists they're off the table.
'Rising Threats' and Russia on the Agenda as G-7 Foreign Ministers Meet in LondonMay 4, 2021 - 05:14:04 PDT
Foreign ministers from the Group of Seven (G-7) nations are to meet in London on Tuesday to discuss pressing geopolitical challenges facing the world, including Russia and China.
U.S. Treasury yields were little-changed on Tuesday morning after several states further eased coronavirus restrictions.
China and India rank one-two in global gold consumption, and through the first quarter of 2021, gold demand charted an impressive rebound in both countries.China's year-on-year gold consumption surged 93.9% as first-quarter demand rebounded to pre-pandemic levels. Meanwhile, official Indian gold imports hit the highest level in a decade in March.