While Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi hash out a new relief effort, House Democrats have proposed another Covid-19 aid bill. Here's what it means for PPP borrowers.
The bill likely will not get through the Republican-held Senate and become law. Senate Majority Leader Mitch McConnell has opposed the legislation as his caucus resists spending trillions more on the federal response to the pandemic.
I was very worried about Covid-19 six months ago. Afraid even. Today? Barely worried at all. This video will take you through the science behind that shift in viewpoint.
U.S. President Donald Trump and first lady Melania Trump have tested positive for Covid-19, the president announced on Twitter.
Is it really so hard to believe that a major financial institution would engage in illegal activity to make a profit?
The world's two largest silver producers lost a great deal of mine supply in the first part of the year due to the global pandemic. While Peru is ranked second in overall production, it suffered a larger decline in silver mine supply than Mexico. The huge drop in silver production...
Why is North Korea a dark void at night, who turned out the lights? The answer may surprise you.
Gold sits in a lump, doesn’t pay interest; yet governments around the world hoard it, and investment pundits recommend we own some.
Metals were the place to be in Q3, with silver leading DB's asset sample thanks to a +27.6% return over the last 3 months, supported by strong demand for precious metals amidst large quantities of central bank stimulus.
inally, the fact that the settlement has now been finalized and widely publicized means that more observers, not less, are now at least somewhat aware that JPMorgan and other banks have engaged in illegal trading activities in COMEX silver and gold.
THE LARGEST ACCUMULATION OF GOLD in human history is located deep underneath the heart of Manhattan’s financial district, at the New York Federal Reserve Bank. Some 80 feet beneath sidewalk level, the Fed’s special vault is built into the bedrock and entrusted with deposits from central banks across the globe.
A $700 million Swiss hedge fund is tapping into the backlash against central-bank largesse by offering clients in its flagship systematic strategy shares that are denominated in gold.Quantica Capital AG is launching this new share class -- priced in the shiny metal but settled in dollars...
"The ECB is totally open to recalibrating measures," de Guindos added and said that they don't need to make a decision immediately on adjusting the Pandemic Emergency Purchase Programme (PEPP).
The September fall in German inflation is mainly the result of low energy prices and the VAT reduction. However, disinflation can easily turn into deflation
“Personal income fell in August as government payments declined. Ongoing restrictions on consumers and businesses continue to threaten the economic recovery.” – Robert Hughes
The world has entered an era of profound uncertainty, an uncertainty that will only increase as self-reinforcing feedbacks strengthen disrupting dynamics and perverse incentives drive unintended consequences.
The world’s wealthiest individuals have become even richer during the coronavirus pandemic as the prices of financial assets have been supported by widespread policy intervention while employment and wages, well, not so much.
Tens of thousands of job cuts announced by blue-chip companies in a 24-hour period are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the U.S. labor market.
Retail store closings in the U.S. reached a record in the first half of 2020 and the year is on pace for record bankruptcies and liquidations as the Covid-19 pandemic accelerates industry changes.
In September, the median rent for a one-bedroom apartment in San Francisco dropped more than 20% from a year ago, to $2,830, according to a report from Zumper.