Gold prices regained some ground on Wednesday as the dollar’s rally cooled, but any further advance is likely to be capped with Federal Reserve Chair Jerome Powell signalling more rate hikes. Spot gold rebounded 0.3% […]
Authored by Simon White, Bloomberg macro strategist, The level of optimism that Europe may avoid a recession is not justified by hard data, with stocks facing an end to their outperformance. Hopes have been rising […]
Islamabad, Pakistan – A sick daughter, growing debt and skyrocketing inflation reaching record levels – faced with a situation like this, Sakina Bibi had to make some tough decisions. “My daughter Sana was recently diagnosed […]
Federal Reserve Chairman Jerome Powell delivers testimony today before the Senate Banking and Finance Committee. During his statements Powell says, “The latest economic data have come in stronger than expected, which suggests that the ultimate […]
EconomyBusiness and Economy Bank of America chief executive Brian Moynihan has predicted the United States will enter a “very slight” recession later this year despite improving signs for the global economy. Speaking at a business […]
Authored by Jeffrey Snider via RealClearMarkets.com, It was a sudden and epic flood of oil the likes of which the country hadn’t seen before. According to the government’s numbers, the Energy Information Administration, over a […]
Former Treasury Secretary under Bill Clinton, Larry Summers, joins Bloomberg to answer questions on persistent inflation indicators despite Federal Reserve tightening measures and rising interest rates. Summers, with some carefully chosen words, essentially admits what […]
By Peter Tchir of Academy Securities Surprise, Surprise There is one chart I keep turning to, the Citi Economic Surprise Index. The surprise index started rolling over in the middle of December. For a month, […]
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Berkshire Hathaway reported Q4 earnings Saturday morning while Elon Musk’s “Master Plan 3” at the upcoming Tesla Investor Day will […]
US consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest […]
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