Gold futures fell sharply on Wednesday as US government interest rates resumed rising and the dollar strengthened, pushing up precious metal prices. The move comes a day after Gold gave its first win in six sessions. “Gold once again ignores anything but these bond yields,” Fawad Razaqzada, a market analyst at […]
First-time homebuyers do not need another report that tells them how difficult it is to get a foot in the door, but the Denver subway continues to rank as one of the least affordable housing markets off any of the coasts, according to a new study from NerdWallet. If that wasn’t […]
Editor’s note: With so much market volatility, stay up to date on the daily news! Get caught up in a few minutes with our quick summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market is still under pressure and trading is close to […]
US stock markets were mixed in morning trading on Wednesday after a report of slight increases in jobs in the private sector. The Dow Jones Industrial Average lost 76 points, or 0.2 percent, the S&P 500 fell 7 points, or 0.2 percent, and the NASDAQ fell 90 points, or 0.7 percent. […]
Reusable bags are displayed under a checkout counter at a Michael’s craft store in Cincinnati, Ohio. Luke Sharrett | Bloomberg | Getty Images Artisan Michael’s company said on Wednesday that it had agreed to be bought by the venture capital company Apollo Global Management in a deal valued at $ 5 […]
Billionaire Leon Cooperman told CNBC on Wednesday that he believes rich people would find ways to avoid paying late. Elizabeth Warrenwealth tax if it were to become law. He also argued that there are better mechanisms to increase federal government revenue. “The idea has no merit. It’s stupid. It’s probably not […]
A Reddit logo displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket | Getty Images Shares of Rocket company fell more than 11% in pre-market trading on Wednesday after a surprising rally during the previous session, when Wall Street analysts raised red flags on frenzy […]
Another attempt at a US-approved Bitcoin ETF is on the horizon from the Chicago Board Options Exchange (Cboe). The organization’s application to the SEC aims to build on an earlier S-1 submission initiated by VanEck. CryptoPotato reported by the end of 2020 that the US investment giant with about $ 50 […]
Strengthening US government interest rates will keep the pressure on the gold price on Wednesday. Despite yesterday’s promising technical chart pattern, the market is currently ready to launch its sixth lower session of seven. The catalysts behind the rising government debt yield are raising expectations of further fiscal stimulus. 11:42 GMT, […]
This weekend, Berkshire Hathaway’s earnings report for 2020 was released, giving the investment world another opportunity to track earnings for [hotlink]Oracle[/hotlink] by Omaha himself, Warren Buffett. And even though the wonderful 90-year-old investor holding company predictably felt the effects of the COVID-19 pandemic on its bottom row, the report highlights how […]
Take a look at some of the biggest movers in the pre-market: Lift (LIFT) – The company says that last week saw the highest level of steam volume since the pandemic took hold in March last year. As a result, Lyft expects to report a smaller quarterly loss than before. The […]
Stocks advanced in Asia on Wednesday after a shaky day on Wall Street, when the S&P 500 returned most of its gains from a day earlier. Investors have recovered from a easing in bond prices that has eased concerns about possible rate hikes. Bond yields have fallen and the yield on […]
Get Morning Brief sent directly to your inbox every Monday to Friday at 06:30 ET. Subscribe Wednesday, March 3, 2021 Goldman Sachs puts the SPAC boom in context. Since last year we wrote about David Kostin’s equity strategy team at Goldman Sachs explains 2020 the year of SPAC. In the few […]
The recent rise in bond yields has finally attracted the attention of Federal Reserve decision-makers. Gov. Lael Brainard said on Tuesday that “some of these moves last week and the speed of movement caught my eye.” San Francisco Fed President Mary Daly said the central bank could change the maturity of […]
Borrowing rates last week rose at the fastest rate in over a year, throwing cold water on already cooling demand. The total mortgage application volume was largely flat for the week, rising just 0.5% according to the Mortgage Bankers Association’s seasonally adjusted index. The average contractual interest rate for 30-year fixed-rate […]
Text size Bond yields and central bank policy remain highly attentive to investors. Karen Bleier / Getty Images The US stock index closed modestly lower on Tuesday after Monday’s fantastic rally. The dynamics were familiar: concerns about rising bond yields remained in the spotlight, along with optimism about the economic recovery […]
Fox Business Flash headlines are here. Check out what’s clicking on FoxBusiness.com. The coronavirus pandemic sent Americans on the move among high unemployment and negative job growth by 2020, which led some states in the West and Midwest to have the country’s hottest housing markets. Utah had the strongest housing market […]
“The gold market could be in the fourth or fifth round of a nine-round game,” said Peter Grandich of Peter Grandich & Company. The first two months of the year have been tough for gold. After rising to about $ 1,950 per ounce in January, the yellow metal has developed downward, […]
Europe, the United States and other countries are beginning to see some of the negative effects of lavish government spending and the extremely loose monetary policy they used in the wake of pandemic, said the head of one of China’s top financial regulators on Tuesday. The financial markets in the United […]
The company announced Monday that the bank has commenced operations after completing the approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. It will act as an independently controlled subsidiary Square Inc. (SQ). Dorsey is also the CEO and founder of Twitter (TWTR). Salt […]
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images The most important US stock indices have continued to develop higher even as new concerns among investors about rising bond […]
(Bloomberg) – For investors worried about an end to the era of cheap and plentiful debt, China gave just one more reason to worry. The nation’s leading bank regulator shook markets on Tuesday with a warning about the need to reduce leverage amid the growing risk of bubbles globally and in […]
Drazen Zigic / Getty Images / iStockphoto The housing market has experienced so many changes in the last year, including some who have never seen before. Thirty-year mortgage rates hit historic lows of 2.65% in the week ending January 7, 2021, according to data from Freddie Mac, and fell about one […]
Gold futures fall higher on Tuesday after overcoming a previous setback. The market received support on June 5, 2020 at $ 1706.40. Good traders knew about that level because they chart the entire contract. The guys who are mapping the immediate sequel probably missed it. Anyway, let’s see what traders can […]
Gold markets has gone back and forth during the trading session on Tuesday to show signs of support at the important $ 1700 level. At this point, the market is trying to decide whether we should turn around and break down significantly or not, or should we turn around and recover […]
BEIJING (Reuters) – China’s financial technology companies are expected to meet capital adequacy requirements within a maximum of two years, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday. FILE PHOTO: China’s leading banking regulator Guo Shuqing speaks to reporters alongside National People’s Congress (NPC) […]
The stock market is riding on reopening optimism, which is causing technical stocks to fall and cyclical stocks to rise during Tuesday’s session, says CNBC’s Jim Cramer. While the largest averages were down at the end, Cramer said the move was defined by a decrease in consistent operators and an increase […]
What happened Shares of Zoom video communication (NASDAQ: ZM) fell 9% on Tuesday after the fourth quarter of the cloud communications leader. So what Zoom’s revenue increased 369% year-over-year to $ 882.5 million. The use of Zoom’s cloud-based video, voice and chat tools continued grow on a quick clip – and […]
A former board member of Tesla Inc. (NASDAQ: TSLA) said Tuesday that the company is unlikely to remain “the king of kings” in electric vehicles forever, CNBC reported. What happened: Steve Westly said on CNBC’s “Power Lunch” that he had been bullish on the Elon Musk-led carmaker for the past 10 […]
When Jeff Immelt was fired as CEO of General Electric in 2017, he did not leave empty-handed. If it actually served, he did over $ 200 million in pension on top of 35 years of large salaries plus bonuses, which amounted to $ 33 million 2015 and $ 21.3 for example […]