Precious metals are apparently waking up. And here is where you can find the best deals.
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In the economic shock triggered by the coronavirus pandemic, the fear is that prices around the world could start falling, pushing the global economy from recession into something even harder to climb out of.
Ellen Zentner, chief U.S. economist at Morgan Stanley, says the U.S. GDP could drop by 50% in the second quarter.
New York has asked the federal government for a $4 billion no-interest loan to cover unemployment payments for people put out of work by the pandemic as states burn through funds set aside for jobless claims.
The price of oil turned negative on Monday for the first time in history.Of course, that doesn't mean that somebody will soon pay you to put gas in your car. We're talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the oil market has become.
Arne Sorenson, chief executive officer and president of Marriott International Inc., talks about how the hotel chain has been impacted by the coronavirus.
The coronavirus pandemic, if prolonged, could trigger a negative feedback loop in which a worsening economy threatens to destabilise Japan's financial system, the Bank of Japan warned on Tuesday.
Job losses across Asia Pacific could double due to the coronavirus pandemic — and some of these jobs may not come back for a while, S&P Global warned.
A number of beef, pork and chicken plants have closed as a rash of workers have tested positive. Infection risks at meat plants are high.
Amazon warehouse workers are planning to stage a “mass call out” this week to call for greater safety protections amid the coronavirus outbreak.
For American workers displaced by recession, widespread public sympathy soon gives way to moralizing anger.
Oversight systems are still largely dormant for the $2 trillion in coronavirus economic relief passed by Congress last month, leaving gaping holes in accountability just as the Treasury Department prepares to give hundreds of billions of dollars in aid to corporations.
Congress is under increasing pressure to ensure an extension of the popular Payment Protection Program (PPP) gets desperately needed funds to the small businesses it’s intended to help, not to big corporations.
Two Weeks Later, Most Small Businesses Still Haven't Gotten Bailout MoneyApr 21, 2020 - 04:26:27 PDT
"It is very frustrating that the majority of these true small businesses haven’t received their loan yet."
Fitch Downgrades 10 European Banks, Warns Coronavirus Could Lead to MoreApr 21, 2020 - 04:19:18 PDT
“And the fact that we now have over 95% of our Western European bank ratings on negative outlooks indicates that we see downside risks and we expect an elevated number of downgrades going forward and this really speaks to risks, to asset quality primarily, to earnings and ultimately, to capitalization.”
"The potential for prices to go lower is very likely" and markets could see a repeat of negative oil prices next month, analysts told CNBC.
Stock futures pointed to big losses for a second day Tuesday as oil prices continued their unprecedented wipeout.
Global cases: More than 2.4 million. Global deaths: More than 170,399. Most cases reported: United States (787,901), Spain (200,210), Italy (181,228), France (156,493), and Germany (147,065).
Read the recent studies claiming that many more people have recovered from the coronavirus than officially reported? They're deeply flawed.
Gold Prices End Higher, Recapture Level Above $1,700 as Oil Prices PlungeApr 20, 2020 - 13:24:38 PDT
Gold futures on Monday ended modestly higher, reclaiming a perch above $1,700, as early gains for the dollar faded and as a tumble in crude-oil prices—a sign of waning risk appetite—provided a pathway for the precious metal to gain some ground higher.
The Fed unleashed an unprecedented array of actions meant to backstop capital markets, going so far as buying investment grade, high yield bonds and even AAA-rated CLO bonds.