Precious metals news

The quantitative easing program that Governor Philip Lowe and his board unveiled on Nov. 3, has seen A$15 billion worth of bonds purchased in an attempt to lower borrowing costs across the economy.

Let us put to rest a beguiling illusion. The Bank of England cannot wave a magic wand and make our national debts disappear, unless it opts for revolutionary methods. It cannot soak up the extra costs of the pandemic permanently. It cannot “print” money to cover a fiscal deficit...

The eurozone is set to suffer the longest period of deflation since the financial crisis, heaping pressure on the European Central Bank to take more drastic action.

Dr. Shereef Elnahal, President and CEO of University Hospital in Newark, NJ and former New Jersey Department of Health Commissioner, joins Yahoo Finance Live to discuss vaccine distribution, and why it’s “extremely urgent” hospitals passes another stimulus bill.

President-elect Joe Biden on Monday named former Federal Reserve Chairwoman Janet Yellen as his nominee for Treasury secretary, formalizing a nomination that has been expected for more than a week.

Banks should stop writing contracts using LIBOR by the end of 2021, after which the rate no longer will be published.

“The housing market is still hot, but we may be starting to see rising home prices hurting affordability,” 

Over the last year, the US government had borrowed over $4.2 trillion. The national debt now stands well above $27 trillion. There is no end in sight to the borrowing and spending and that raises a significant question: who is going to buy all of the bonds necessary to finance the government spending machine?
Not too long ago, Uncle Sam could count on foreign investors to gobble up a big chunk of his IOUs, but times are changing. In 2008, foreign investors held more than half of the outstanding Treasury debt. Today, that amount has plunged to the lowest level since the turn of the century.

Peter Schiff spoke with Jay Martin backstage at the Cambridge Gold Summit. During the discussion, Peter and Jay took a step back from the immediate market volatility and news of the day to look at the big picture. Gold was a topic of discussion and Peter emphasized that the yellow metal has stood the test of time when it comes to preserving wealth.

A massive mailing of government checks at the start of the pandemic kept personal income and spending afloat.

In October, China launched one of the biggest real-world trials for its digital currency,  when the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency.

It's not just the Fed that will flood markets with liquidity in 2021. Janet Yellen's Treasury department will actually inject even more liquidity than the Fed!

China's central bank surprised markets on Monday with an injection of medium-term cash into the banking system, in what traders and analysts viewed as a move to calm nerves rattled by a string of recent bond defaults.

Mohamed El-Erian, president of Queens' College University and economic adviser to Allianz, isn't so sure the bull run will last and he explained why in a...

Areas appear unconcerned that pandemic has actually kept borrowing at all-time highs...

The dollar hit its lowest in two and a half years in early London trading on Monday while riskier currencies dipped slightly as the global equities rally paused for breath.

World shares paused on Monday to assess a record-breaking month as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed immediate concerns about the coronavirus pandemic.

Faulting inaction in Washington, governors and state lawmakers are racing to get pandemic relief to small-business owners, the unemployed, renters and others whose...

Another weekly boost to unemployment benefits would most likely be part of any upcoming stimulus bill. However, negotiations are currently at an impasse.

Traffic at stores on Black Friday fell by 52.1% compared with last year, according to preliminary data from Sensormatic Solutions, as consumers opted for shopping online.