Yields on the 10-year Treasury note could go negative by 2022, with consequences for pension funds, insurance companies and eventually, the Federal Reserve, according to Guggenheim's chief investment officer.
With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to consumers but also spur inflation.
With the reflation euphoria running full blast, maybe central banks will finally get all that inflation they've been pining for. So let's ask cui bono--who will benefit from inflation?
Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay.
Jobs not galore. And the target keeps moving.
A trillion here, a trillion there … Pretty soon, we’ll be talking a real catastophe.
The European Union will slap tariffs on up to $4 billion worth of U.S. products Monday, after what it described as a "lack of progress" on resolving a long-standing dispute over aircraft subsidies.
We are certain that a combination of fiscal stimulus, and a continuation of the Fed’s emergency programs will be bullish for gold prices.
Institutional Investor Hall of Famer Richard Bernstein, who runs Richard Bernstein Advisors, is worried about Big Tech's recent outperformance.
A Phase 3 trial showing the COVID-19 vaccine being developed by Pfizer and BioNTech was more than 90% effective hit several asset classes, as well as...
1 in 7 Americans support a second economic impact payment and about two-thirds of voters said more coronavirus aid should be the Senate's top priority.
Current global uncertainty and anxiety amid the economic crisis caused by the coronavirus pandemic could risk another world war, the head of Britain's armed forces has warned.
President-elect Joe Biden’s big-spending blueprint for a U.S. economy still battling the pandemic is set to meet pushback from Congress, where his party failed to win sweeping control. Biden is poised to enter office in January after campaigning for trillions of dollars in additional fiscal stimulus to battle the economic fallout from Covid-19.
An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday's elections.
Turkish President Recep Tayyip Erdogan fired the country’s central bank governor, the second time in 16 months he’s ousted the top monetary official, as a series of interest rate increases failed to halt the lira’s slide to a record low.Erdogan appointed former Finance Minister Naci Agbal to replace Murat Uysal, who had run the central bank for just over a year.Agbal has no prior experience in monetary policy, but is known as a market-friendly technocrat. Analysts predicted he would keep raising rates to defend the lira and pacify investors despite having to manage pressure from Erdogan to support economic growth.Uysal’s abrupt removal follows weeks of declines in the currency, which fell to a record low on Friday. The lira is the worst-performing emerging markets currency of 2020, falling more than 30% against the dollar.Uysal had been raising borrowing costs through a mix of rate increases and back-door measures since August, but it wasn’t enough to boost the currency or rein in inflation, which is now ...
U.N. Secretary-General Antonio Guterres warned that there is a risk of famine and widespread food insecurity in four countries affected by conflict — Congo, Yemen, northeast Nigeria and South Sudan — and the lives of millions of people are in danger. In a note to Security Council members obtained by
Global food prices remain on a tear as tightening crop markets boost grain costs by the most in eight years.
It’s an extremely difficult debt to discharge, and only a few hundred people a year even try. Here are the stories of some who succeeded — mostly.
The rebound of the pandemic is driving some cities and states to bring back restrictions on daily life, but with a lighter touch than before in hopes of minimizing the economic damage caused by sweeping lockdowns.
Stock futures surged after Pfizer and BioNtech said trial data indicated their Covid-19 vaccine is 90% effective. Futures on the Dow Jones Industrial Average surged 1,201 points, or 4.3%, implying an opening gain of more than 1,200 points. S&P 500 futures jumped 3.6%. Nasdaq 100 futures climbed 2%.