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After surged in October, US home prices (as measured by S&P CoreLogic Case-Shiller index of property values) was expected to accelerate further as a low inventories of listings and solid demand, fueled by cheap borrowing costs, have given sellers more leeway to raise asking prices.
Federal Reserve Chair Jerome Powell heads into what could be his last year atop the central bank determined not to repeat the mistake he made when he was a neophyte monetary policy maker seven years ago. Then a Fed governor, Powell was among those leading the charge to scale back the central bank’s quantitative-easing program...
This year will mark the 50th anniversary of President Richard Nixon severing America - and the world - from its last tie to the gold standard. The rapid devaluing of the dollar is the most obvious result. But another consequence has been an enormous national debt that continues to grow at a staggering pace. Most people don't realize it, but this is a direct and intentional result of the current fiat money system.
The European Central Bank is stepping up its scrutiny of credit risk at banks across the continent to get a better sense of their preparation for a potential wave of loan defaults triggered by the pandemic
The dollar held at a one-week high on Tuesday as doubts over the speed and size of U.S. stimulus discouraged risk-taking in currency markets, with the Chinese yuan the only notable exception.
A chill swept through Chinese financial markets after the central bank withdrew cash from the banking system and an official warned about asset bubbles. The People’s Bank of China drained about $12 billion via open-market operations on Tuesday....
Europe risks failing in its mission to boost its growth prospects via 750 billion euros coronavirus recovery fund, Warned the former German finance minister, questioning whether member states have the capacity to implement tough economic reforms. “There is a lack of real progress, a lack of efficiency in the execution of...
Mexico and Caribbean Beach Resorts Offer COVID Tests for New U.S. Travel RequirementsJan 26, 2021 - 05:30:24 PST
Mexican and Caribbean beach resorts scramble for Covid tests as new U.S. travel requirements take effect.
IMF More Upbeat on Global Economy, but Warns New COVID Variants Could Derail GrowthJan 26, 2021 - 05:29:10 PST
The International Monetary Fund is worried about the risk new Covid variants pose to world's post-pandemic economic recovery.
Company Plans Mass Rollout Of Humanoid Robots To Replace Workers In Healthcare, EducationJan 26, 2021 - 05:25:06 PST
A Hong Kong-based robotics company plans to mass produce humanoid robots to replace workers across industries such as healthcare and education.
Italy’s Prime Minister Giuseppe Conte Resigns As Political Crisis EscalatesJan 26, 2021 - 05:16:42 PST
Italy is facing more political turmoil after Prime Minister Giuseppe Conte resigned on Tuesday, just as the country faces a severe health and economic crisis.
Janet Yellen Gets Senate Confirmation As First Woman to Lead the Treasury DepartmentJan 26, 2021 - 05:14:14 PST
The vote made Yellen the first female to the lead the Department, a feat she matched as chair of the Federal Reserve.
Fauci, Who Joked About ‘Government Salary,’ Is the Highest-Paid Employee in the Federal GovernmentJan 26, 2021 - 05:08:30 PST
The Forbes report pointed to an interview Fauci had with actor Matthew McConaughey in August 2020. The actor asked him if he had millions invested in COVID-19 vaccines and Fauci responded, “Matthew, no…I got zero. I am a government worker. I have a government salary.”
President Joe Biden is planning to vaccinate even more Americans against Covid-19 in the coming weeks by administering 150 million shots over the next 100 days, equivalent to 1.5 million a day. Biden is asking Congress for more than $400 billion to fund the effort.
For months, Peter Schiff has been warning that the stock market is a bubble. It is detached from any political or economic reality and is being driven by Federal Reserve monetary policy. During an interview on NTD Business News, Peter said a lot of investment advisors know this too, but they are advising people to stay in because the bubble has more room to grow. But he warned this isn't good advice. When it comes to bubbles, you have to know when to leave the party.
There are several claims that the crypto community has put forth as to why are cryptos valuable and why their valuations will rise going forward. In part 3 of The Ultimate Crypto Report, we take a look at these claims and analyze them one by one.
The only alternative for the big silver shorts is to try and buy time and postpone the inevitable by arranging sharp selloffs in hopes of buying back as many short positions as possible, something they have not been able to do. Complicating the plight of the big shorts is that they have buying competition.
Gold Futures Settle Lower for a Third Straight Session- Gold Could Be About to Stage a Rebound: MWJan 25, 2021 - 12:46:43 PST
With Treasury yields going lower, "this has reduced some of the bearish bias on gold, which has been struggling for direction over the past few months," he said, adding that gold "could be about to stage a rebound."
That abrupt and unprecedented spending shift has upended long-standing trade patterns, causing bottlenecks from the gates of Chinese factories to the doorsteps of U.S. homes.
El-Erian: Fed Will Likely Remain Dovish Because Short-Term Outlook Has Become DimmerJan 25, 2021 - 12:22:26 PST
"It's the classic parenting problem: take away the candy and you'll get a tantrum. But keep on suppling candy, it doesn't make things any easier," Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge told CNBC's "Squawk Box" Monday.