Precious metals are apparently waking up. And here is where you can find the best deals.
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Jun 2, 2020 - 11:32:10 PDT
Tucked away deep in the nearly 2,000-page Health and Economic Recovery Omnibus Emergency Solutions, or HEROES, Act, is a section that will funnel money to defense and intelligence companies and their top executives, according to experts.
Unemployment for minorities and younger workers has skyrocketed beyond the national unemployment rate, which economists now peg at 20%.
Wells Fargo, Worried About Defaults, Stops Making Loans to Most Independent Car DealershipsJun 2, 2020 - 11:20:16 PDT
The move follows Wells Fargo's retrenchment from parts of the mortgage market as the coronavirus pandemic took hold in the U.S.
Jun 2, 2020 - 11:03:26 PDT
Beijing is weighing the risk of US financial sanctions, including being cut off from the dollar payment system, after pushing ahead with the Hong Kong security law.
The Fed Has Made Relative Value ‘Cheating Off the F Student,’ Strategist SaysJun 2, 2020 - 10:38:00 PDT
David Rosenberg, chief equity strategist at Rosenberg Research, has been saying for some time the market is running on a Federal Reserve-induced high.
Bank of America Breaks Down the Next 2 Steps the Fed Will Take to Stimulate the EconomyJun 2, 2020 - 10:32:19 PDT
The Federal Reserve is poised to implement stricter forward guidance and yield-curve control in September as the US economic rebound faces new challenges, Bank of America said Tuesday.
So from that perspective, gold is not like other asset classes that are trading at or near all-time highs. So I think there’s still room to go,” Rhind added.
Once a national rollout begins, things could move quickly. More than 80% of smartphone users in China regularly pay for transactions on their devices, the highest rate in the world, according to UBS Group AG.
Here’s What the ECB Has Been Buying for Special Asset Purchase Program Set to ExpandJun 2, 2020 - 09:49:41 PDT
Analysts expect the European Central Bank to expand the capabilities of its €750 billion Pandemic Emergency Purchase Program when it meets on Thursday.
U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.
The U.S. government is borrowing $3 trillion in the second quarter this year, an eye-popping number with unknown implications for the future of the economy. With so much government spending in response to the coronavirus, we started to wonder, which countries actually own the most U.S. debt?
The Death of Globalization Has Been Announced Many Times. But This Is a Perfect StormJun 2, 2020 - 08:34:59 PDT
Add changes in technology, macroeconomics and geopolitics to the virus, and it becomes clear why we face a turbulent year, says academic Adam Tooze.
Wall Street and Main Street are on two different planets. We asked six leading experts why.
"Nothing Matters Because The Fed Will Buy What I Want To Buy": "...you end up not only undermining the system itself but you undermine the credibility of an institution that is critical to the well being of this and future generations.."
A technical snafu in a U.S. government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said.
President Trump’s economic team wants to encourage the public to return to work and resume normal life, including going to restaurants and taking vacations, in its proposals for the next coronavirus relief package.
Jun 2, 2020 - 08:22:09 PDT
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin have become the public faces of the $3 trillion federal coronavirus bailout. Behind the scenes, however, the Treasury’s responsibilities have fallen largely to the 42-year-old deputy secretary, Justin Muzinich.
That extra $600 in your weekly unemployment check is likely disappearing after July. Lawmakers have a few ideas to replace the policy.
“This is a net negative, both in the short term and in the long term,” Sri Kumar, president of the Santa Monica, California-based Sri-Kumar Global Strategies, told FOX Business.
GDP Is Now Projected to Fall Nearly 53% in the Second Quarter, According to a Fed GaugeJun 2, 2020 - 07:34:29 PDT
The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.