Stephen Roach said he expected the disruption from COVID-19 to last longer than the damage SARS wrought 17 years ago.
West Texas Intermediate (WTI) crude futures fell $1.39, or about 3%, to $45.70 per barrel. U.S. crude has fallen about 14% for the week, the biggest weekly decline since May 2011.
Fear over the spread of the coronavirus tightened its grip on global markets Friday, with stocks across Europe and Asia plunging a day after the worst rout on Wall Street since 2011. Equity futures pointed to yet more pain at the New York open, and investors diving into safe assets...
The World Health Organization (WHO) has reaffirmed its warning that the fast-spreading coronavirus could soon reach most, “if not all” countries around the world.
The Federal Reserve bought $22 billion in Treasuries last week, which brings them to new all-time highs for Treasury holdings.
Stocks extended their losing streak on Thursday, as the coronavirus outbreak continues to spook investors.
Joseph Cavatoni, managing director at the World Gold Council, talks the impact of the coronavirus outbreak on gold, before discussing other uncertainties that could hurt the gold market.
A sea of red... this is the fastest collapse from an all-time peak since 1928, just ahead of The Great Depression
As predicted by both Mike Maloney and Chris Martenson, the economic consequences of the Coronavirus pandemic are proving to be devastating. Markets are being crushed all around the world, as investors and industry slowly awake to the dire circumstances that will effect every aspect of our intertwined ‘just in time’ economy. Join Mike and Chris for their latest update on the markets, the US dollar, gold and silver…and what may lay ahead.
Servicing this debt into the future will necessitate either raising taxes and cutting spending, or otherwise debasing the U.S. dollar as a currency.
When central reserve banks begin to see gold both as diversification, insurance and leverage there will never be enough of it to go around.
"Our basic concept was to develop the technology and not specifically a vaccine for this kind or that kind of virus,"
“I think very strongly that it probably is going to cause not just a recession, a global recession,” the chief economist and strategist at Rosenberg Research and Associates told BNN Bloomberg Thursday.
The central bank is failing to act in the face of a threat to world growth, and for no good reason.
California Gov. Gavin Newsom said Thursday the state is currently monitoring 8,400 people for COVID-19, a day after health officials confirmed the first community transmission of the coronavirus in a Solano County resident.
The movement comes even though Fed officials continue to insist that it's too early to gauge the impact of coronavirus.
Coronavirus worries saw BofA cut its world growth forecast on Thursday to the lowest level since the peak of the global financial crisis in 2009.
It’s being weighed down by rising speculation among investors that the U.S. will lower borrowing costs...
The New York Federal Reserve said it accepted $30.19 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within its target range.
The probability that the US Federal Reserve (Fed) would cut rates three times this year has risen to 80%, according to Wall Street Journal's Daily Sho