Precious metals are apparently waking up. And here is where you can find the best deals.
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The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday.
"The actions we have announced today, however unpalatable, are absolutely necessary to bring cash burn down to more sustainable levels," Cathay Chairman Patrick Healy told reporters.
Some 33% of hotel owners expect to hand the keys back to their lender or enter a forced sale situation, according to a September 7 survey of 103 hotels by the Hospitality Asset Managers Association (HAMA).
This time last year, shoppers on Chicago's Magnificent Mile were waiting for Louis Vuitton to debut its whimsical holiday window decorations. Now those same windows are hidden behind a wall of wood panels painted bright orange.
investors need to remember that speculative-grade companies aren’t immune from going bust, no matter how wide open the debt markets might be. Junk-rated bonds, backed by a business that can’t make it through the pandemic, are just junk.
The Federal Reserve was meant to take $454 billion and drastically expand it. So far, it has lent $20 billion.
White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours.
Stimulus Package Is Unlikely to Get Through Congress Before the Election, Goldman Sachs SaysOct 21, 2020 - 07:12:39 PDT
Chief negotiators for their respective parties remain at an impasse over key matters such as aid to states and business liability protections.
Fed’s Brainard Calls for More Stimulus From Congress Amid ‘Highly Uneven’ RecoveryOct 21, 2020 - 07:10:28 PDT
The central bank official cited several areas of concern, including slowing gains in the jobs market from the 21 million positions lTTost in the early days of the coronavirus pandemic.
Last week, we reported on the number of temporary layoffs that are turning into permanent job losses. Now Goldman Sachs is projecting even more permanent job losses coming down the pike as a wave of mergers, acquisitions and corporate takeovers sweeps through the economy.
This is not the first time I’ve relayed this information. But these days I believe it’s more important than ever to remind readers of its significance, especially in light of the unprecedented credit creation the Fed’s been conducting since March.
“Large government deficits exist and will almost certainly increase substantially, which will require huge amounts of more debt to be sold by governments — amounts that cannot naturally be absorbed without driving up interest rates...
Oct 21, 2020 - 05:36:31 PDT
A widely-used benchmark for U.S. short-term interest rates has dropped to record lows, joining its European peers, in the latest sign that massive central bank stimulus has suppressed borrowing costs.
The US Dollar Won’t Crash Despite the Economy’s $16 Trillion Pandemic Debt Pile: Larry SummersOct 21, 2020 - 05:19:49 PDT
While it is "right to worry" about the country's rising debt, a near-zero interest rate environment implies that the government can afford to borrow more, he pointed out.
The dollar fell to a one-month low on Wednesday after U.S. President Donald Trump boosted hopes for a large fiscal stimulus package, prompting a wave of market optimism that saw traders ramp up their bets on riskier currencies.
U.S. Federal Reserve Vice Chair Randal Quarles said Tuesday that the market stresses created by the coronavirus pandemic showed the nonbank financial system is "significantly more fragile" than its traditional counterpart.
Moody’s Investors Service downgraded the credit ratings of three U.K. banks following a cut to the nation’s sovereign debt rating last week.
Purchase demand is down nearly 7% compared with four weeks ago.
The Zimbabwe stock market soared under one of the biggest money printers in the history of the world...
Pelosi and Mnuchin Make Progress in Stimulus Talks, but Big Differences RemainOct 21, 2020 - 04:59:51 PDT
The Trump administration and Democrats made progress on coronavirus stimulus talks Tuesday but still need to overcome major differences to reach a deal before the 2020 election, White House chief of staff Mark Meadows said.