Big banks are getting what they want from WashingtonBig banks have been pressing US regulators to reconsider a controversial rule requiring them to hold greater buffers against future losses, and this week they got what they wanted. Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg both said Thursday they anticipate changes to the rule following pushback from lenders, community groups, [...] READ MORE Layoffs rise to the highest for any February since 2009, Challenger saysKEY POINTS Layoff announcements in February hit their highest level for the month since 2009, Challenger, Gray & Christmas reported Thursday. With a series of high-profile layoff waves, tech leads the way this year in cuts with 28,218, though that number has fallen 55% from the same period a year ago. More than 75 employers [...] READ MORE China Splurges on Gold For a 16th Month as Price Hits RecordNation has been adding gold to diversify financial reserves Central-bank buying has been key support for precious metal China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high. Bullion held by [...] READ MORE Gold Keeps Hitting Records and ‘Not Everything Adds Up.’ What’s Moving PricesThe price of gold has been setting records for consecutive days. It’s not just the U.S. economic backdrop and Fed policy expectations boosting the yellow metal. DREAMSTIME The price of gold continued to march upward on Thursday, set for the fifth straight day of record highs—and it’s not just the U.S. economic backdrop and Federal [...] READ MORE New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt CrisisIn the heart of New York City’s Times Square, a towering 50-foot billboard has been unveiled by the Committee to Unleash Prosperity (CTUP), striking a chord of caution among Americans with its stark warning about the nation’s burgeoning $34 trillion debt. This three-month-long ad campaign is designed to visually encapsulate the perilous journey of the […] READ MORE Powell Signals Potential Rate Cuts Pending Inflation ControlFederal Reserve Chair Jerome Powell stated on Wednesday that while the Fed anticipates reducing its key interest rate within the year, it seeks further proof of inflation steadily reverting to its 2% goal before taking action. His remarks to a House committee were consistent with his previous comments at a January 31 news conference. Nevertheless, […] READ MORE Gold Hits Record High: What's Next for the Bullion Market?Gold’s rise to a record high this week has left some analysts scratching their heads, wondering how much higher it can possibly climb. The unexpected 5% spike in gold prices over the last four trading days, culminating in surpassing the previous December peak, can be attributed to a cocktail of weak US economic data and […] READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB RulingUnder new regulations introduced by the Joe Biden administration, millions of Americans will see a reduction in credit card fees. The White House announced that the Consumer Financial Protection Bureau (CFPB) has completed a ruling that significantly lowers the standard credit card late fee from an average of $32 down to $8. This move aims […] READ MORE Gold's Unprecedented Surge in an Everything RallyIn the midst of a global “everything rally,” where asset classes across the board—from U.S. to Japanese and German stocks, alongside bitcoin—are reaching record highs, gold’s unprecedented climb stands out for several reasons. Despite the typical pattern of rising prices attracting speculative interest, gold ETF holdings have surprisingly declined even as its price surged, a […] READ MORE « Previous 1 … 22 23 24 25 26 … 64 Next »
