Precious metals are apparently waking up. And here is where you can find the best deals.
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Millions of Americans who have filed for unemployment in recent weeks may be wondering if their benefits will be taxed. The answer is yes.
Apr 28, 2020 - 12:53:10 PDT
Many New York and New Jersey residents are losing hope, and are out of cash.
Two sources say they're getting out of the gold & silver trade. Here are the details...
A third of respondents in the CNBC Fed survey believe the economy won't be fully restored until the second quarter of 2022.
Bankers tell NPR that the SBA's portal wouldn't allow them to enter the loan application information that is needed to access the PPP program.
“It’s theft, it’s fraud, and it’s the greatest wealth transfer in history” says Mike Maloney while describing the most recent actions from the world’s central banks. How will these decisions affect you and your family? Where does the blame lie? All this and more in today’s update.
During the last two months, Congress has passed $3.6 trillion in stimulus spending, with more probably on the way. Washington’s annual deficit was likely to be around $1 trillion before the COVID-19 pandemic induced a recession. The deficit will now hit at least $3.7 trillion this year and $2.1 trillion next year, according to the Congressional Budget Office.
Everything, including a rational, connected-to-reality, effective financial system, is on back-order and unlikely to ship any time soon.
The U.S. economy needs another, fourth stimulus bill that could push it to take off again in what is commonly called a "V-shaped recovery," one of the top White House advisers charged with blunting economic damage from the global coronavirus pandemic said on Monday.
By lending widely to businesses, states and cities, the Fed is breaking taboos about who gets money to prop up a frozen U.S. economy, risking a political backlash down the line.
The U.S. economy could contract at its worst rate since the Great Depression later this year due to the coronavirus crisis, warned Kevin Hassett, who recently rejoined the Trump administration as a senior economic advisor.
Millions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S. economy entered a free fall, according to a poll released on Tuesday.
The survey found 89 percent of both Republicans and Democrats surveyed said they’re concerned about the economy collapsing during the pandemic.
“The Fed is saying if you were willing enough to take too much risk, then don’t worry, we will bail you out,” he said in an interview. “Of course the virus was a big hit,” he added, but the market “was trading with absolutely no cushion for any type of a shock.”
Yields on the city’s bonds are rising to compensate for the risks posed by the pandemic lockdown that could destroy an estimated 475,000 jobs this year and cost the government $7.4 billion in lost tax revenue.
Our base case anticipates the largest contraction since the 1930-1931 Great Depression. Significant monetary-fiscal coordination to provide further stimulus will be required to recover the economy over the years ahead.
Nearly 200 companies have cut, suspended or eliminated their dividend payments this year—the most since 2009.
Senate Majority Leader Mitch McConnell said Monday there would likely be more money approved for state and local government relief in the next legislative package Congress passes to address the coronavirus outbreak, a shift in the messaging for the Kentucky Republican.
Crude Chaotic Again As Negative Price Fears Spark Dramatic Index/ETF ShiftsApr 28, 2020 - 07:19:12 PDT
S&P Dow Jones said it will roll all of its WTI contracts for June into July on Tuesday, due to the risk that the nearer contract will go negative.
...the sharpest drop since 1973.