Precious metals are apparently waking up. And here is where you can find the best deals.
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On nearly every issue, not only did a plurality of Americans expect conditions to worsen but more answered negatively this time around than they did in the summer.
Oct 7, 2020 - 10:21:32 PDT
An avalanche of U.S. grants and loans helped the wealthy and companies that laid off workers. Individuals received about one-fifth of the aid.
In the Q&A, the chairman stressed that the FED can put away its emergency tools when the current emergency is well behind the nation. But if the central bank is setting a social justice agenda that targets minority employment and wage levels when does the economy actually recover?
Why the U.S. Economy Could Approach ‘Stall Speed’ After Stimulus Talks CollapseOct 7, 2020 - 10:01:06 PDT
Gregory Daco, chief U.S. economist at Oxford Economics, said the move could be a watershed moment for the world’s largest economy.
Gold stocks are churning out some serious profits that are likely to just keep getting better...
Central banks’ iron-clad independence appears to be waning due to attacks from politicians, according to a European Central Bank working paper. That’s according to a study that looked at 13 monetary authorities, accounting for 75% of global economic output, in the 2018-2019 period.
The Fed gave an example where it might not raise rates until 2026. It’s possible that in 2 years we look back on that statement and laugh because inflation is either much higher or lower than the Fed’s projection.
The coronavirus pandemic has put hundreds of thousands extra employees throughout the developed world out of jobs than official unemployment statistics counsel, in response to economists’ estimates — threatening financial restoration prospects within the months forward.
Pelosi Open To Standalone Airline Relief; Direct Payments To Americans Left HangingOct 7, 2020 - 08:58:52 PDT
"Enactment of another $25bn in airline aid looks increasingly likely."
Coronavirus stimulus: 'That's the only way we actually survived'
Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.
New research from the Federal Reserve Bank of New York released Monday said that when banks pull back on paying dividends, it increases their power to provide credit.
Oct 7, 2020 - 07:32:35 PDT
Many businesses had amassed high levels of debt, or leverage, before the COVID-19 pandemic.
Inflation will leap, surprising everyone who believed the "low inflation forever" story. As inflation soars, the purchasing power of the federal spending will plummet accordingly.
That means that 4.6 million out of 42 million borrowers are continuing to pay down their debt.
As the impasse in Washington intensifies, Kashkari told CNBC that workers, businesses and governments need more cash from Congress.
Many lenders now expect the pandemic and its aftereffects to persist for a long time. As forbearance periods expire, more lenders are going after properties or demanding additional capital in exchange for extending relief.
Commercial real estate property sales in Manhattan have reached their lowest level since the Great Recession, according to Avison Young.
Less than two months after reopening, Regal Theaters will shut down all 536 of its locations on Thursday (Oct. 8).The company said the closures reflect "an increasingly challenging theatrical landscape" due to the coronavirus pandemic. Regal says the closures are temporary, but the company has not set a date to reopen.The shutdown reflects broader problems in the retail marketplace that have been exacerbated by COVID-19 and stabs another knife in the narrative of a quick economic recovery.
A decline of 4% from the end of March to the end of September was more than double that in any other major U.S. city.