U.S. bankruptcies surged in March to the highest level in a year, driven by a 41% jump in month-to-month filings by consumers, data firm Epiq AACER reported on Monday.
The message: that globalization, and the U.S.'s perceived role as the center of the mission, is back in vogue.
Today is the eighty-eighth anniversary of Executive Order 6102, signed by President Franklin Delano Roosevelt, "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The order was one of the several disastrous responses to the Great Depression that succeeded in escalating the financial crisis. Later in the year...
A cyber yuan gives Beijing power to track spending in real time. Importantly, it's money that isn’t linked to the dollar-dominated global financial system.
Bankers who have spoken to CNBC feel the industry has continually been neglected throughout Brexit talks.
U.S. Treasury yields dipped on Tuesday morning, ahead of the release of job openings data for February later in the day.
Bleicher, managing director at cybersecurity consulting firm Arete Advisors, is a specialist who helps companies deal with ransomware — the type of cyberattack in which hackers lock up a company’s computers and then demand payment to undo the encryption.
Senate Democrats could now have three chances to pass a bill without Republican votes through budget reconciliation.
Investment Bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner will step down from their roles with immediate effect.
As the economy booms over the next couple of months, the Fed will have a more difficult time defending its super easy policies.
We're told inflation isn't a problem. But a quick trip out to the grocery store or to fill up your car with gas tells you otherwise. Prices are going up. Peter Schiff recently appeared on Tucker Carlson's show to talk about inflation. He said the price of everything is going up and the value of everything is going down.
With the global semiconductor shortage forecasted to extend well into the second half of the year, many companies have been forced to shut down production or delay the release of new product lines. And, to make matters worse, with the Bitcoin price surging towards $60K, booming demand for Bitcoin miners...
Gold steadied as investors weighed a better-than-expected U.S. jobs report against a weakening dollar. Employers in the U.S. added the most jobs in seven months in March, as more coronavirus vaccinations and fewer business restrictions bolstered the labor market recovery. Confirm payrolls increased by 916,000 from February,...
Being a silver investor over the last few weeks has become more psychologically challenging.
- Expect high reading on inflation in the next couple of months - Don't expect high inflation reading to be sustained
The economic damage from coronavirus has fallen hardest on developing countries, where healthcare costs and historic falls in output have worsened already-heavy debt burdens. Last week the IMF and UN both warned that the world should be braced for an emerging market debt crisis as the global economy emerges from the pandemic and interest rates rise...
In the past, inflationary pressures were feared by financial market participants and this time is no different as some economists are worried that the Fed’s commitment to low rates will foster inflation. However, Powell countered these fears by saying he’s “very mindful” of the lessons from runaway inflation in the 1960s and ‘70s, but believes this situation is different.
The Bank of Japan (BOJ) began experiments on Monday to study the feasibility of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. The first phase of experiments, to be carried out until March 2022, will focus on testing the technical feasibility of issuing...
The IRS commissioner is warning about payments that are part of an expanded child credit.
The Consumer Financial Protection Bureau is looking to give homeowners in Covid-19 forbearance programs a reprieve from foreclosure proceedings until 2022.