Precious metals are apparently waking up. And here is where you can find the best deals.
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How bad Covid-19 will be for the U.S. economy is almost impossible to say, since there are few precedents to look to. By considering two extreme scenarios, however, it is possible to get a sense of what the issues are.
The coronavirus is threatening to expose the Achilles heel of the U.S. economy: heavily leveraged companies. As the economic expansion stretched into a record 11th year, and interest rates stayed at ultralow levels, business debt ballooned and now exceeds that of households for the first time since 1991.
Temporary liquidity provided by the Federal Reserve Bank of New York increased sharply Tuesday and approached peak levels seen at the start of the year.
Mar 10, 2020 - 08:03:27 PDT
"Cash giveaways," suggested Paul Ashworth, chief U.S. economist at independent research firm Capital Economics as a way to boost consumer spending and spark growth.
As political leaders grapple with how to address the economic fallout, success may ultimately come down to one factor: the American consumer.
"It's going to be very volatile, but around, unfortunately, a downward trend for now," Allianz's Mohamed El-Erian told CNBC.
Jeremy Siegel criticized President Donald Trump's response to the coronavirus outbreak and called for fiscal stimulus to help the economy.
Markets Betting Dow Crash Will Lead White House to Reverse Fiscal ResponseMar 10, 2020 - 06:22:12 PDT
Did the 2,000-plus-point drop in the Dow Jones Industrial Average on Monday cause the White House to blink? After all, White House officials have previously...
China Feb Producer Prices Fall Back Into Deflation, More Easing Steps SeenMar 10, 2020 - 06:07:08 PDT
China's producer prices swung back into deflation territory in February as ...
Interbank funding is just getting worse by the day.
“A global recession is now all but certain,” Rabobank said Tuesday, while predicting global growth to hit 1.6% of GDP by the end of the year.
Treasury yields soared from record lows as investors flocked to the stock market following its worst day since the financial crisis.
“They’re on the brink, for some of them, of bankruptcies, and obviously this could have a ripple effect on the whole credit market,” he said.
White House Plan for Economic Response to Virus Is 'Not There Right Now'Mar 10, 2020 - 05:43:28 PDT
U.S. stock futures pointed toward a rebound at the open Tuesday following President Donald Trump's suggestion Monday night that a payroll tax cut and other stimulus measures may be in the works.
Delta announced deep flight cuts across its network and said it would freeze hiring as coronavirus drives down demand.
A sharp drop in mortgage interest rates has sparked a sudden and unexpected refinance boom that has lenders large and small scrambling to handle the volume.
Coronavirus Outbreak Could Easily Tip Us Into a Recession: Goldman SachsMar 10, 2020 - 05:35:31 PDT
Goldman Sachs warns the coronavirus outbreak could easily trigger a U.S. recession.
The market is waking up to not just the viral contagion of coronavirus, but also to financial, economic, and geopolitical contagion.
Former U.S. Treasury Secretary Lawrence H. Summers, a Bloomberg contributor, discusses the efforts by U.S. policymakers to offset the economic impact of the coronavirus outbreak, the emergency Federal Reserve rate cut, and the odds of a U.S. recession. He speaks on "Bloomberg Markets."
Yesterday the DOW dropped over 2000 points, oil was slammed, and millions of people were left with decimated portfolios wondering what had just happened. Join Mike Maloney as he examines the recent market action, and shares the document that enabled him to predict the ‘big picture’ many years ago.