Precious metals are apparently waking up. And here is where you can find the best deals.
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The growth shock to India’s economy from the coronavirus pandemic will trigger more weakness in the rupee, dragging it toward an unprecedented 80-per dollar level.
The U.S. dollar rose on Thursday on safety buying as fears grew over a rapid rise in coronavirus infections in some U.S. states and as trade tensions between the United States and the European Union increased.
The federal government’s quick action to issue stimulus payments in the wake of the coronavirus crisis led to more than a billion dollars of fraudulent payments, while slow action to address the health risks might have worsened the outbreak, according to a report by a government watchdog.
A new government report finds that around 1.1 million such payments, totaling about $1.4 billion, were issued.
A record 32 million American adults were living with their parents or grandparents in April, according to the latest American Community Survey from the U.S. Census Bureau, an increase of 9.7 percent over a year ago.
140,000 Businesses Listed on Yelp Are Still Closed Because of Covid PandemicJun 25, 2020 - 07:57:35 PDT
The majority of businesses that closed during the pandemic remained shut this month, according to data from Yelp, which also showed increased interest in supporting black-owned businesses.
OpenTable CEO Says 25% of America’s Restaurants Will Close for Good Due to CoronavirusJun 25, 2020 - 07:54:20 PDT
Even as diners return, OpenTable data shows a lot of restaurants won't make it.
Corporate America is getting slammed by the coronavirus recession. More than 45 million people were cut from their employers’ payrolls over the past three months.
U.S. Layoffs Stay High as Weak Demand Lingers Despite Businesses ReopeningJun 25, 2020 - 07:23:47 PDT
Weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened, buttressing views the labor market could take years to recover from the COVID-19 pandemic.
The Fed wants banks to wait until at least June 29 to announce any shareholder-payout changes that could be prompted by the results of the stress test.
Just weeks after rattling global financial markets, Germany’s top court rejected a second case challenging a key European Central Bank bond buying program.The Federal Constitutional Court in a May 26 ruling, disclosed Thursday, dismissed the case related to the ECB’s 2015 Expanded Asset...
The European Central Bank will offer euro loans against collateral to central bank outside the euro area to backstop funding markets amid the coronavirus pandemic, it said on Friday. Under the Eurosystem repo facility for central banks, the ECB will provide euro liquidity to a broad set of central banks...
For thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets, and central banks...
The U.S. economic recovery is showing incipient signs of weakening in some states where coronavirus cases are mounting.The ebbing is evident in such high-frequency data as OpenTable restaurant reservations and follows a big bounce in activity as businesses reopened from lockdowns meant...
Earlier this week, we reported Goldman Sachs now forecasts record gold prices within the next 12 months. Well, Goldman isn't the only mainstream player turning more bullish on gold.
Is the 'V' you've been looking for?
America's Jobless Claims Data Refuse To Confirm V Shaped Recovery NarrativeJun 25, 2020 - 06:44:13 PDT
...we have lost 387 jobs for every confirmed US death from COVID-19 (121,979). Was it worth it?
Q1 GDP Unchanged At -5.0% In Final Revision As Corporate Profits Tumbled 12.3%Jun 25, 2020 - 06:41:40 PDT
The real question is what Q2 GDP will be, and more importantly whether Q3 GDP for a quarter that begins in less than a week, will show the dramatic improvement already priced into stocks.
A lot of people still have faith in the dollar. Some people even believe the dollar is set to rally. Santiago Capital CEO Brent Johnson is one of those people. He bases his dollar bullishness on what he calls "the milkshake theory." In his podcast this week, Peter Schiff explained why the milkshake theory is all wet.
Gold’s Rally Could Continue to $2,000, a New High Watermark for the MetalJun 25, 2020 - 05:42:31 PDT
Gold prices are up more than 16.5% for the year so far and could hit $2,000 an ounce, as investors find it to be a safe haven during the pandemic.