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A former JPMorgan Chase & Co foreign exchange trader was sentenced on Thursday to eight months in prison, following his Nov. 2019 conviction for conspiring with traders at other banks to rig currency trades.
Sep 17, 2020 - 11:36:54 PDT
Global equity markets slid further on Thursday after the US Federal Reserve stopped short of promising changes to its massive bond-buying programme and the Bank of England held rates steady.
The Coronavirus Pandemic Led to the Biggest Unemployment Spike in U.S. HistorySep 17, 2020 - 10:57:39 PDT
How millennials' financial futures have been impacted by pandemic unemployment.
his is why inflation will rip everyone's faces off: production will continue to stagnate no matter how many trillions the Federal Reserve prints and throws around.
Top executives at major airlines including American, Southwest and United met with White House chief of staff Mark Meadows to make a final push for more job-saving government aid.
A large number of U.S. hotels temporarily closed their doors as bookings dried up last spring due to the coronavirus epidemic. And as fall approaches, it looks like a significant number of them might not be able to reopen as expected even if business starts to pick up to a healthy level again.
How Life Changed During Covid: Still Loaded with Stimulus Cash, Americans Went Shopping. But Where?Sep 17, 2020 - 09:08:04 PDT
Illustrated with 13 whiplash-inducing charts.
In addition to its blather about interest rates, the Fed also made numerous economic projections.
Sweden Proposes New ‘Risk Tax’ for Banks in Case of Another 2008 Financial MeltdownSep 17, 2020 - 08:37:27 PDT
Sweden's government on Thursday proposed a new "risk tax" for major banks to bolster public coffers should there ever be a repeat of the 2008 financial crisis.
With interest rates close to zero, there’s only so much the Fed can do, and only so much the chairman can do to pretend otherwise.
The U.S. economy underwent a fundamental shift in the early 1970s. The cause of that shift is still elusive. But it’s a good bet changes in energy technology probably had something to do with it — with lessons for our economic future.
One of the world’s largest energy companies says the era of oil demand growth is dead; a key OPEC producer flouts supply cuts that have rebalanced the crude market; the country with the largest reserves turns pipelines into scrap to upgrade crumbling refineries.
A massive push by China’s biggest banks to boost capital amid the worst downturn in at least a decade faltered out of the gate. Industrial & Commercial Bank of China Ltd. slashed a planned bond sale of the riskiest type of debt by more than a third, raising only $2.9 billion in dollar-denominated...
America’s Offices Sit Half Empty Six Months Into the Covid Pandemic: WSJSep 17, 2020 - 07:24:38 PDT
Office-entry data indicates that office visits remain down substantially from the end of February, while visits to manufacturing and warehouse locations, where fewer jobs can be done remotely, have recovered further.
Remember the saying, “Everything comes to those who wait?” Investment gurus lectured us about patience and compounding.
Sep 17, 2020 - 07:14:50 PDT
Former Deutsche Bank AG analyst David Liew told a Chicago jury he learned how to manipulate gold and silver prices from the two successful senior traders he admired and worked with for about three years.
Peter Schiff recently did a presentation at the Endeavour Silver Town Hall Webinar. He talked about the state of the economy, the US dollar, and gold and silver. Peter said he thinks we're about to see a gold bull market rivaling the 1970s because the world is going to reject the dollar standard and go back to a gold standard.
Sep 17, 2020 - 06:28:15 PDT
"As the yields of US Treasury bonds continue to drop, it's more appropriate for China to reduce holdings of the greenback asset," Tian Yun, vice director of the Beijing Economic Operation Association, told the Global Times on Thursday.
Trump Agrees With Powell: "Much Higher" Fiscal Stimulus Is Needed And Why That Could Crash StocksSep 17, 2020 - 05:48:42 PDT
"Go for the much higher numbers, Republicans, it all comes back to the USA anyway (one way or another!)."