Precious metals are apparently waking up. And here is where you can find the best deals.
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Illinois is "almost guaranteed" a credit rating downgrade to junk if its voters next month reject a constitutional amendment allowing the state to tax high-income residents more, a Citi research report said on Monday.
Watch Fed Chair Jerome Powell Talk Rates, the Economy and Pandemic Stimulus Live, 10:40 a.m. ET.Oct 6, 2020 - 07:34:37 PDT
Federal Reserve Chairman Jerome Powell delivers his latest views on the economy Tuesday morning to a virtual gathering of the National Association for Business Economics.
Shut out of the employment market in their 20s, they continue to search for direction in middle age. The doors open only once.
Stimulus measures from the Federal Reserve and the U.S. Treasury may be necessary to keep the economy afloat. But it is increasingly clear that they also carry some downside for big banks.
The nation’s surplus in services shrank to the lowest since 2012 as the goods deficit hit a record high...
Gold, silver, stocks and bonds are all going to be whipped around like unbridled fire hoses until well after the U.S. elections, so managing...
The global economy is coming back from the depths of the crisis. But this calamity is far from over.
Democrats and GOP Still Fighting Over $600 Jobless Benefits. Where Things StandOct 6, 2020 - 06:52:22 PDT
Democrats and Republicans are still debating the contours of another coronavirus relief package, two months after many prior provisions expired. Extra unemployment benefits are a sticking point.
The national debt has pushed above $27 trillion.The US government has added over $3 trillion to the national debt this year alone and there is no sign that the borrowing and spending will stop.In fact, most people don't even seem to care.
“Should the next round of U.S. fiscal stimulus be approved, that may lend upward pressure to the U.S. inflation outlook while encouraging gold bulls to return to the fore,” Tan said.
Traders are betting that the Bank of Russia will put interest rate cuts on hold after the ruble’s 9% slump against the dollar in the past three months.Forward-rate agreements, which have been predicting more monetary easing for most of this year, are now indicating that rates will stay...
Switzerland has this year intervened in currency markets the most since 2012, yet the franc keeps strengthening. That is a trajectory investors bet has further to go.
Bank of England’s Haskel Keeps Door Open to Negative Rates, Sees Risks to GrowthOct 6, 2020 - 05:17:30 PDT
Bank of England rate-setter Jonathan Haskel said on Monday he saw downside risks to the economy, and also some possible benefits from cutting interest rates below zero, though it was too soon to reach a firm conclusion on this.
Australia's central bank held its cash rate at a record low on Tuesday but hinted at further monetary easing as it looks to create jobs in the coronavirus-ravaged economy, which is suffering its worst contraction since the Great Depression.
The Reserve Bank of India will hold its delayed policy meeting this week after the government belatedly appointed new members to the interest rate-setting committee.The Monetary Policy Committee will meet Oct. 7-9, the RBI said in a statement Tuesday, more than a week later than originally...
Lagarde Is Prepared to Add Stimulus, Cut Rates to Support European Recovery: WSJOct 6, 2020 - 05:12:51 PDT
European Central Bank President Christine Lagarde said the bank is ready to inject fresh monetary stimulus to support the eurozone’s stuttering economic recovery from the Covid-19 pandemic, including by cutting a key interest rate further below zero.
Central banks are shifting from saving their economies from recession to ensuring they recover. Having raced to the rescue as the coronavirus triggered the steepest global slump on record, many monetary policy makers are now standing by to do more if needed while signaling...
The world's top central bankers have opened the taps with trillions of dollars in promised credit to prevent a global pandemic from causing a global economic depression. Despite the efforts made so far, the global economy is not out of the woods given the unique risks posed by the health crisis,...
Stock-index futures point to a soft start on Tuesday as investors await a speech by Federal Reserve Chairman Jerome Powell on the economic outlook.
Silver just charted its best quarter since 2010.The white metal finished up 27.62% through the three months ending Sept. 30. Taking the timeline back a bit further, silver is up 106.6% off its March low. And there are plenty of reasons to believe the silver bull-run will continue.