Precious metals are apparently waking up. And here is where you can find the best deals.
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The Bank of Japan is widely expected to stand pat Thursday with the focus shifting to the bank’s economic outlook amid rising virus cases and a widening state of emergency that’s likely to throw the recovery into reverse.
The ECB Has Quietly Launched Yield Curve Control, Just Don't Call It Yield Curve ControlJan 20, 2021 - 11:27:53 PST
Well, the cat is now officially out of the bag, and whatever one calls it, the fact that it is only with the ECB's explicit intervention that European yields haven't blown out will mean that the moment there is even the tiniest whiff the ECB may be pulling back its intervention that we will have an epic crisis.
It’s not quite the rosy scenario that the MMT crowd would have you believe. Still, it may be coming. And, a clueless Janet Yellen will supervise the entire operation. Got gold?
Stimulus Is like Heroin, ‘It Doesn’t Do You a Lot of Good Long-Term’: Wall Street Heavy-HitterJan 20, 2021 - 10:46:43 PST
Wall Street heavy-hitter Rob Arnott of Research Affiliates weighs in on the bubbles sprouting up throughout the stock market right now.
Janet Yellen invoked an enduring era of low interest rates in delivering the Biden administration’s opening argument to lawmakers for its $1.9 trillion Covid-19 relief proposal...
Paycheck Protection Program Reopened Tuesday for Second Round of Small-Business LoansJan 20, 2021 - 10:39:07 PST
The Paycheck Protection Program, a vital lifeline that helped keep pandemic-ravaged small businesses afloat, fully reopened to all participating lenders on Tuesday after initially limiting who was eligible.
Buybacks Snap Back Amid Feverish Selling by Corporate Insiders: BloombergJan 20, 2021 - 10:34:56 PST
In the first two weeks of the new year, a total of 1,000 insiders sold their own stock and 128 bought shares, leaving the sell-to-buy ratio poised for the highest monthly reading in data going back to 1988...
S&P 500 Rises More than 1% to an All-Time High, Netflix Leads Nasdaq to a RecordJan 20, 2021 - 09:55:04 PST
The Dow Jones Industrial Average rose 220 points. The S&P 500 advanced 1.1% to an intraday all-time high, led by communication services sector. The tech-heavy Nasdaq Composite jumped 1.8% to a record amid a pop in Netflix shares.
Covid-19 infections and deaths remain stubbornly high across much of Europe while vaccination efforts are moving so slowly that widespread immunity is unlikely in the region before the fall, raising the prospect of a bleak 2021.
A Boston College study shows the pandemic has worsened an already grim trend, as 51% of U.S. households are now at risk of being unable to maintain their standard of living in retirement.
President-elect Joe Biden's housing agenda is focused on affordability. Changes to mortgage lending and home construction will be key.
The Fed's inconvenient truth. Monetary velocity drives inflation, So understanding that provides an appreciation for the odds of inflation.
The Federal Reserve’s bazooka fired by Jerome Powell back in March helped to stimulate the stock market while helping to lower mortgage interest rates. Until recently. The problem is that 20%…
While the U.S. May Be Closer than Ever to a $15 Federal Minimum Wage, the Idea Still Faces Stiff OppJan 20, 2021 - 08:49:01 PST
In a speech last week, Biden outlined his $1.9 trillion American Rescue Plan, which will send aid to those hit hardest by the coronavirus pandemic. Under the plan, Biden will call on Congress to raise the federal minimum wage to $15 per hour from the current $7.25.
An entire week of global programming will be dedicated to helping leaders choose innovative and bold solutions to stem the pandemic and drive a robust recovery over the next year.
Steen Jakobsen, chief investment officer at Saxo Bank, says there is no price discovery in markets as he explains where he sees inflation in the U.S. He speaks with Bloomberg’s Francine Lacqua on “Bloomberg Surveillance.”
Rescues by the Federal Reserve and aggressive monetary policies have helped stock and bond investors, but the degree of money printing will be paid for by future generations.
Spike in Lumber and Land Prices Causes Homebuilder Confidence to Fall from Epic HighJan 20, 2021 - 07:06:44 PST
The rising costs of getting homes built is making builders less optimistic.
From LNG in Asia to scrap metal in Turkey and Brent crude, commodity prices assessed by S&P Global Platts have surged to new highs.
The benchmark price for hot-rolled steel reached a new record high of $1,080/ton last month, according to our check of the market Jan. 11-12. That surpasses the previous high of $1,070/ton recorded by Steel Market Update (SMU) in 2008,...