Precious metals are apparently waking up. And here is where you can find the best deals.
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TSMC's decision to build a new U.S. chip plant comes as President Donald Trump's administration continues to scrutinize the global technology supply chain upon which American firms rely on.
BofA on the New World Order: Bigger Governments, Tech Wars, Less Privacy…May 15, 2020 - 05:22:08 PDT
Bank of America says the pandemic will accelerate many macro trends that would have taken five or more years to play out.
"As a last resort, those burdened by excessive long-term debt and pension obligations could file for bankruptcy..."
May 15, 2020 - 05:16:28 PDT
The U.S. House of Representatives is set on Friday to debate and vote on a $3 trillion Democratic bill aimed at salving the heavy human and economic toll of the coronavirus pandemic that has caused almost 85,000 U.S. deaths and shut much of the economy.
“If you want to juice the economy, you put money into the system where there's going to be a greater multiplier, which is across lower and middle income households,” NYU marketing professor Scott Galloway told Yahoo Finance’s On The Move.
Not Since the Great Depression Has the U.S. Seen More Severe Food InsecurityMay 15, 2020 - 05:08:55 PDT
“This is a national security issue and a humanitarian issue,” said Andres. “We must use the force of the emergency to tackle the problem before the problem tackles us.”
As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little-noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then, it asked a bankruptcy judge to authorize the same amount as bonuses to nine executives.
The pandemic has also revived all the worst-case scenarios about U.S.-China ties, edging them closer to confrontation than at any point since the two sides established relations four decades ago.
May 15, 2020 - 04:55:41 PDT
Investors are greatly underestimating the breadth of risk and the power and willingness of the Fed to offer carte-blanche support.
The cost of the coronavirus pandemic could reach as much as $8.8 trillion, or almost 10% of global gross domestic product, depending on how long the outbreak continues and the strength of government responses, according to the Asian Development Bank.
The euro zone economy's worst recession on record will be even deeper than forecast less than a month ago, according to a Reuters poll of economists who said the European Central Bank will ramp up its bond-buying again next month. An economic recovery from the coronavirus pandemic, which has killed nearly 3...
Then, moments ago in its latest H.4.1 statement, the Fed - which disclosed that its balance sheet is now a record $6.934 trillion and well on its way to $12 or more than half of US GDP...
Germany’s economy contracted by 2.2% in the first quarter, its sharpest quarterly decline since the first three months of 2009, in the throes of the global financial crisis.
Over 135 million people face acute food insecurity worldwide—but COVID-19 could almost double these numbers. Which regions could be most affected?
Global cases: More than 4.4 million. Global deaths: At least 302,493. Most cases reported: United States (over 1.4 million), Russia (252,245), United Kingdom (234,441), Spain (229,540), Italy (223,096)
Just as polio killed or permanently handicapped millions worldwide before a vaccine was developed, medical experts are now drawing comparisons in scale with the coronavirus.
Is the situation in physical gold normalized, or could there be further disruptions and risks down the road?
Silver is playing catch up towards the end of the week with the gold and silver ratio falling close to 1%. At the time of writing, XAG/USD is trading
The coronavirus pandemic has already devastated the international economy. Its military fallout remains to be seen.
Hedge fund billionaire Ray Dalio sees similarities between the current economic downturn and the Great Depression in the 1930s. He believes the economy was headed for a major recession and restructuring regardless of the coronavirus pandemic.