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Blow To Bitcoin As ‘Significant’ U.S. Crypto Crackdown Suddenly RevealedFeb 18, 2020 - 06:06:45 PST
This week, Treasury secretary Steven Mnuchin warned “significant” new bitcoin and cryptocurrency regulations are on their way...
Subprime auto loan delinquencies have exploded, taking the overall delinquency rate to Financial Crisis levels. But the economy is supposedly great. What is causing this spike in delinquencies?According to the latest data released by the New York Fed, serious delinquencies (90 days or more past due) surged by 15.5% in the fourth quarter of 2019 to a record high of $66 billion.
Trading is more expensive for anyone looking to get into and out of silver metal, and the proximate cause is that the market makers have...
Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak's impact on global economic growth.
"The totality of this program is that our headcount is likely to go from 235,000 to closer to 200,000 over the next three years."
Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China. The warning from the most valuable U.S. company sobered investor optimism...
China’s central bank provided medium-term funding to commercial lenders and cut the interest rate it charges for the money, a move widely anticipated by analysts to cushion the economy from the virus epidemic.The People’s Bank of China offered 200 billion yuan ($29 billion) of one-year...
Feb 18, 2020 - 04:17:41 PST
The Office of the Director of National Intelligence wants to sponsor a post-doc researcher to study what would happen if the U.S. dollar lost its status as the world’s reserve currency.
The idea that central banks can address any problem that emerges in markets is surely one of the most dangerous in finance. Since the outbreak of the coronavirus in China, it is reaching the point of parody. Without doubt, the prospect of monetary stimulus has buoyed investor confidence over the past year...
“Nobody trusts you,” lawmaker Joerg Meuthen told European Central Bank chief Christine Lagarde, switching briefly to English during a tirade in his native German. “You should be aware of that.”The far-right Alternative for Germany representative was railing about negative interest rates...
Feb 18, 2020 - 03:59:26 PST
China has issued 1,615 certificates by last Friday for companies involving over 30 sectors, covering a total contract value of about 15.7 billion U.S. dollars.
The Wuhan Municipal Health Commission confirmed Liu Zhiming, the director of Wuchang Hospital in Wuhan, died Tuesday morning.
The package could include a measure that would give larger tax breaks to certain retirement savings.
The Trump administration is considering new restrictions on exports of cutting-edge technology to China in a push aimed at limiting Chinese progress in developing its own passenger jets...
Economically speaking, Covid-19 is far more deadly than 2003’s Sars. This time around, a worst-case scenario threatens financial collapse, foreign exodus and large-scale bankruptcy.
In China, 760M people are locked down. Apple just issued a warning. In Japan, there is a sudden spike coronavirus cases
Is the puzzling silence from officials presaging a turn for the worse? Are we being intentionally kept in the dark about the true status of the coronavirus?
Insider Report – Mike Makes 5 Investment Moves as the Covid-19 Virus Begins to Hit the EconomyFeb 17, 2020 - 16:59:12 PST
The fast-evolving situation with the Covid-19 virus, and its impact on the global economy, has led to Mike Maloney make some large changes to his investments. In this latest Insider’s Alert, you'll hear Mike describe FOUR investment decisions he has already carried out in recent days, and one, big long-term investment Mike is working to complete soon.
For several reasons, gold is more at risk of selling off than materially rallying, which means the gold mining stocks could fall even more...
A bill introduced in the Wyoming House would establish a precious metals bullion depository in the state. It would not only create a safe place to store precious metals; it could also facilitate the everyday use of gold and silver in financial transactions in Wyoming and set the stage to undermine the Federal Reserve’s monopoly on money.