Precious metals are apparently waking up. And here is where you can find the best deals.
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Cashless transactions have spiked as company policies and consumer habits shift. But protections for people without bank and credit access haven’t kept up.
U.S. consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy.
The Swiss National Bank is unlikely to change course from its ultra-loose monetary policy as the novel coronavirus pandemic increases appreciation pressure on the safe-haven Swiss franc, SNB Chairman Thomas Jordan said on Tuesday.
California Closes Indoor Restaurants, Movie Theaters & All Bars Statewide as Coronavirus Cases RiseJul 14, 2020 - 06:42:25 PDT
California Gov. Gavin Newsom on Monday ordered all counties in the state to close all bar operations and the indoor operations of businesses including restaurants, movie theaters and museums, as Covid-19 cases continue to climb.
"When gold pushes past $2,000 per ounce toward $3,000 per ounce, that’s your signal that inflation in the price of everything else is..."
Top Federal Reserve Officials Are Starting To Brace For A Prolonged Recession: ForbsJul 14, 2020 - 05:31:51 PDT
Policymakers at the Federal Reserve, after some initial optimism that the Covid-19 slump would be deep but confined to the second quarter of this year, now seem braced for a more prolonged recession marked by high unemployment and a rising risk of corporate bankruptcies.
Escalating political and health risks in the US and rising optimism about the global economic recovery should keep the dollar sliding over the next few months, according to analysts. Large banks turned bearish on the greenback in late May...
Citigroup Inc reported a nearly 73% plunge in quarterly profit on Tuesday as the bank set aside $5.6 billion to brace itself for a potential surge in loan defaults stemming from the coronavirus outbreak. The New York-based bank reported a profit of $1.32 billion, or 50 cents per share, for the second...
Congress Won’t Pass a New Stimulus Package, and That Will Crush the S&P 500Jul 14, 2020 - 05:23:27 PDT
Investors are too optimistic about more fiscal help given the rancorous political climate ahead of the November elections.
Central banks added a net of 39.8 tons of gold in May, according to the latest data from the World Gold Council. May purchases maintained the pace we've seen through the first four months of the year and was slightly above the four-month average of 35 tons.
Euro zone industrial production rose in May, official estimates showed on Tuesday, but the recovery from lockdown-induced record declines March and April was lower than expected and far from offsetting past drops.
Wells Fargo Reports $2.4 Billion Loss for the Quarter, Cutting Dividend to 10 CentsJul 14, 2020 - 05:06:26 PDT
Wells Fargo is expected to post its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.
JPM Beats as Credit Loss Charges Soar Above $10Bn: Dimon Warns on ‘Much Uncertainty’Jul 14, 2020 - 05:03:22 PDT
JPM has officially launched Q2 earnings season, with what was essentially a story of an impressive Income Statement vs a rather ugly Balance sheet.
US Recovery Stalls As Pandemic 'Second Wave' Threatens To Unleash Double Dip RecessionJul 14, 2020 - 04:55:19 PDT
"I think we've got a second leg down..."
China Says the Latest U.S. Move Is Aggravating Tensions in the South China SeaJul 14, 2020 - 04:53:16 PDT
The U.S. State Department said Monday that "Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them."
The federal budget deficit in June totaled nearly the entire 2019 fiscal year shortfall and was bigger than the 2018 deficit.The June deficit came in at $864.1 billion dollars last month, according to the latest Treasury Department report. To put that into perspective, the budget shortfall for fiscal 2019 was $984 billion and in 2018, the deficit was a "mere" $779 billion.
Singapore Enters Recession After Economy Shrinks More Than 40% Quarter on QuarterJul 14, 2020 - 04:51:53 PDT
Singapore's economy entered a technical recession after shrinking by 41.2% in the second quarter compared to the previous quarter, government data showed.
Coronavirus Updates: CNBC, U.K. Study Says Immunity May Wane After Two MonthsJul 14, 2020 - 04:48:02 PDT
The coronavirus has infected more than 13.1 million people across the country as of Tuesday, killing at least 573,200 people.
Watch Silver's moves compared to Gold. Silver has already started to move more aggressively, and once the real parabolic move begins, Silver will...
Gold tallies its first gain in three sessions on Monday, with analysts tying support to a global rise in the number of COVID-19 cases.