Precious metals are apparently waking up. And here is where you can find the best deals.
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Here’s how the big numbers break down. There have been flows of $150.1 billion into bond ETFs through August 31 (about $132 billion of that is U.S. funds). As of the end of August, however, the Fed had only bought $8.7 billion worth of such funds.
The head of the European Central Bank says that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containing the virus outbreak.
It was just confirmed...
House Democrats Unveil Bill to Avoid Shutdown, Fund Government Into DecemberSep 21, 2020 - 09:59:54 PDT
Congress needs to pass a government spending bill before Sept. 30 to avoid a government shutdown.
A government watchdog says millions of Americans are in danger of missing coronavirus relief payments of up to $1,200 per individual because of incomplete government records.
A Federal Reserve report released Monday showed the total household balance sheet in the U.S. rose to nearly $119 trillion in the April-through-June period, a 6.8% increase from the first quarter.
China’s Air Force Seems to Use Video to Simulate Attack on Us Air Base: ReportSep 21, 2020 - 09:17:23 PDT
The People’s Liberation Army Air Force on Saturday released a video that showed nuclear-capable bombers attacking what appeared to be U.S.'s Andersen Air Force Base in Guam, a report said.
Chinese Warplanes Breach Taiwan Strait; Taiwan President Calls It a ‘Threat of Force'Sep 21, 2020 - 09:13:58 PDT
Taiwan's President has accused Beijing of purposefully inflaming tensions in East Asia, after Chinese warplanes crossed the sensitive median line across the narrow strait that separates the mainland and the self-governing island almost 40 times on Friday and Saturday.
Fed Chair Jerome Powell warned that there would be a rise in "things that will scar and damage the economy" if there was not more fiscal stimulus.
Morgan Stanley Turns Bearish, Sees Tech Plunge Accelerating As Investors Dump Most QQQs In 20 YearsSep 21, 2020 - 08:27:25 PDT
"Fiscal Cliff +Peak Fed = Second Leg of Correction"
The world's largest 50 investment banks are on track to double their income from precious metals this year to around $2.5 billion, most of it from gold, Coalition, a banking consultancy, told Reuters. The juicy rewards, which have not previously been reported, mark a stunning reversal of fortune
The Federal Reserve is an instrument of Congress, and should act as such.
The US government bond market is akin to the investment world’s bomb shelter, a safe space where everyone can seek refuge when the rest of the financial system is exploding. In March, the bomb shelter itself started to rumble ominously. Treasuries are easily the biggest and most traded fixed-income securities on…
As investors fret over the presidential election, a Congress deadlocked over the next stimulus package and extended lockdowns around the world, S&P stock futures are extending three weeks of losses.
It sounded a bit like a broken record.Confronted by a pandemic that has devastated the economy, Federal Reserve Chair Jerome Powell declared no less than 10 times last week that the central bank has a “powerful” new monetary policy road map for returning the U.S. to full employment and
Europe could be facing a new sovereign-bank "doom loop" if a coronavirus crisis surge in government bond buying by banks in those same countries persists, rating agency S&P Global has warned.
Many Are Chasing the Stock Market by Day Trading in the Pandemic. It Could End BadlySep 21, 2020 - 08:08:34 PDT
Bored at home, more people are turning to the stock market for entertainment and profits. But the average day trader loses money.
The pandemic is wreaking a particular kind of havoc in the households of loan-laden American white-collar workers. ‘I will never claw my way out of this situation.’
The Pandemic Is Driving Millions of America’s ‘Working Poor’ to the EdgeSep 21, 2020 - 08:01:57 PDT
CNBC spoke with David Shipler, author of The Working Poor, about how the pandemic could make wages, and poverty in the U.S., even worse.
Located on one of the world’s most expensive strips of commercial real estate, the upscale Luxe Rodeo Drive hotel has closed, a casualty of a pandemic that is likely to put more hotels out of business.