Precious metals are apparently waking up. And here is where you can find the best deals.
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European Central Bank officials see strong reasons to hold their nerve instead of rushing into expanding emergency stimulus despite a sharp slowdown in the economy and rise in coronavirus cases.
The abuse was tied to the Economic Injury Disaster Loan program and outside the employees' roles at the bank, the memo said, adding Wells Fargo will cooperate fully with law enforcement.
Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say.About a quarter of lower-income workers effectively face marginal tax rates of more than 70% when adjusted for the loss of government benefits, a study led...
Oct 15, 2020 - 05:29:38 PDT
Coronavirus’s economic danger is exponentially greater than its health risks to the public.
COVID-19 will have lasting effects on these industries.
When governments across the US forced businesses to close down in response to the coronavirus pandemic, everybody assumed the layoffs would be temporary. Despite the huge surge in unemployment, the expectation was people would quickly return to work once the crisis passed and the economy opened up again. But as the pandemic stretches into its eighth month, millions of Americans remain out of work and economists say many of those "temporary" job losses have become permanent.
The Group of 20 nations, representing the world’s biggest economies, agreed Wednesday to extend the suspension of debt payments by an additional six months to support the most...
‘Nightmare’ U.S. Stock Valuations Driven by ‘Young, Dumb’ Investors, Fund Manager SaysOct 15, 2020 - 05:17:56 PDT
U.S. equity valuations have become a "total nightmare" fueled by "young and dumb" investors, according to Cole Smead, president and portfolio manager at Smead Capital Management.
The big-box retailer's leader said lawmakers need to help Americans and small businesses who are struggling during the recession.
European Leaders Scramble to Control the Second Wave, With a State of Emergency and LockdownsOct 15, 2020 - 05:07:27 PDT
France has declared a national state of health emergency, the U.K. appearing to approach a second national lockdown and Germany introducing further rules to restrict the spread of the virus.
Global Markets Retreat as Coronavirus Fears Rise and US Stimulus Hopes WaneOct 15, 2020 - 05:00:35 PDT
Asian and European markets were lower on Thursday as investors focused on the rising COVID-19 threat and hopes of a US stimulus package before the 3 November election seem more unlikely.
The coronavirus has infected more than 38.5 million people globally as of Wednesday, killing at least 1.09 million people so far.
Gold Just Invalidated Its Small Breakout, A Pause May Be Coming Before The Next DeclineOctober 14, 2020
The outlook for gold is bearish, and it's not just because of the dollar...
Unfortunately for most investors, when the Great Tech Stock Bubble pops, it's going to get very ugly. With the U.S. Tech Sector now worth more than the entire European Stock Market, Americans are sitting on some extremely overvalued stocks. However, what will be bad news for tech stocks will be...
Every speculator in the world would love to be able to predict when prices will rise durably, and begin rising faster and faster. To know this is to...
The gold price relative to the Dow Jones Industrial Average would seem to suggest it is not expensive at all.
The International Monetary Fund said more public spending will be needed to complete the economic recovery from coronavirus, joining central bankers and finance leaders who are urging governments to set aside fears about mounting debt for now.
Gold gained 1% on Wednesday, rebounding from a sharp decline in the previous session, as the dollar weakened and uncertainties surrounding the U.S. election and global economic recovery boosted the safe haven metal's allure.
Dow Falls 200 Points After Mnuchin Throws Cold Water on Hope for a Stimulus Deal Before ElectionOct 14, 2020 - 11:26:30 PDT
Stocks fell after comments from Treasury Secretary Steven Mnuchin dampened expectations of a deal being reached on new coronavirus aid.
What's going on with gold and the dollar, and why is the gold market trading like it is?