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‘A Scary Number’ of Retail Companies Are Facing Bankruptcy Amid the Coronavirus PandemicNov 10, 2020 - 07:59:19 PST
The retail sector in America continues to fall apart.
S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown AcceleratesNov 10, 2020 - 07:56:43 PST
...we 're gonna need another vaccine!
McDonald’s CEO Chris Kempczinski Says the U.S. Needs Another Covid Stimulus PackageNov 10, 2020 - 07:52:22 PST
McDonald's CEO Chris Kempczinski told CNBC he hopes President-elect Joe Biden will tackle some of the country's biggest problems.
Argentina will seek an Extended Fund Facility (EFF) from the International Monetary Fund (IMF) to replace a failed $57 billion facility, Economy Minister Guzman said on Monday, potentially buying the South American country more time to make repayments.
Despite Promises, Beam Depositors Still Can’t Get Access to Their Money. Now the Lawsuits Have BegunNov 10, 2020 - 07:33:25 PST
Former vendors for Beam Financial, who say they are being unfairly blamed for customers being locked out of their accounts, have taken the company to court.
Gold rose 1% on Tuesday, following a sharp slide in the last session, as focus returned to the likelihood of more monetary stimulus to revive a global economy still reeling from the Covid-19 pandemic.
While the markets were giddy about the prospects of a coronavirus vaccine, the Federal Reserve was warning of more economic chaos on the horizon.The Fed released its biannual Financial Stability Report Monday. The report warned we could see a wave of defaults and "significant declines" in asset prices in the near future.
Stocks soared, and gold and silver sold off Monday after Pfizer announced success in stage III coronavirus vaccine trials.During his podcast, Peter Schiff talked about the crazy day in the markets and suggested we might want to tap the brakes when it comes to the excitement about a COVID vaccine because there is no vaccine for what actually ails the economy.
Global Rally Fizzles, Nasdaq Tumbles As Pfizer Vaccine Skepticism EmergesNov 10, 2020 - 05:19:16 PST
"Given more tests are needed, then the approval process. Manufacturing and distribution would mean the vaccine, if truly effective, is still months away from mass deployment."
Taking a break from fighting the coronavirus crisis, the world's top central bankers will attempt to resolve the existential questions of their profession this week as they tune into the European Central Bank's annual policy symposium.
Bank of Japan to Introduce Special Deposit Facility to Support Regional Banks: WSJNov 10, 2020 - 05:11:45 PST
The Bank of Japan said that it would introduce a new deposit facility to support regional banks, whose profits have been hurt by Japan’s longtime low-interest-rate policy.
At a time that U.S. health experts are warning of a dark U.S. coronavirus winter, one has to hope that U.S. economic policymakers are taking note of the gathering of European economic storm clouds and of the implications that this might have for the global economic outlook.
China's factory-gate prices fell at a sharper-than-expected pace in October, weighed by soft demand for fuel even as the trade and manufacturing sectors staged impressive recoveries from their COVID-19 slump.
Nov 10, 2020 - 05:02:43 PST
Fear of infection means only just over one-quarter of people in the Asia-Pacific region say they feel confident enough to fly again within six months.. Read more at straitstimes.com.
The BIS' use of gold swaps and derivatives has been extensive...
The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a warming planet.
The Dollar Could Weaken Further Under a Biden Administration, Analysts SayNov 10, 2020 - 04:48:25 PST
Following projections over the weekend that Joe Biden has won the U.S. election, the dollar continued diving sharply, while Asian currencies strengthened.
Coronavirus Live Updates: FDA Clears Eli Lilly Drug for Emergency Use; America Tops 10 Million CasesNov 10, 2020 - 04:44:01 PST
The coronavirus has infected more than 50.76 million people globally as of Monday, killing at least 1.26 million people so far.
Now that the banks has paid $920 million to settle market rigging charges, are there options available for investors?
METALS, MARKET & ENERGY UPDATE NOV 10th: Technology Sector Is A Bubble Not A SolutionNovember 10, 2020
In my newest update on the metals, market, and energy, I discuss why many stocks and indexes are overvalued. This includes the totally hyped Tech Sector. Unfortunately, investors believe technology will be the answer to all our problems in the future. What they fail to realize is that technology...