NEWS

Gold, Nasdaq Soar; S&P Just Shy Of All Time High In Mad Dollar-Destruction Dash

The devastation of the dollar continued apace, with the BBDXY sliding sharply as traders frontrun what now appear to be trillions in fiscal stimulus coming from US congress in 2020 and coming years.

Silver Has Spiked Recently, Following Gold’s Momentum: George Milling Stanley

Gold price hit record highs on Wednesday. George Milling Stanley, State Street Global Advisor Chief Gold Strategist joins Yahoo Finance’s On The Move panel to weigh in on how gold is faring amid the pandemic.

Bank of America: Silver Could Hit $50 "In The Near Term"

"... Potential demand additions could push silver into a sustained deficit. The last time this happened between 2006 and 2011, the precious metal rallied to $50/oz, a price level we would see within reach this time around as well."

In Case It’s Unclear: Bond Market Expects a Deflationary Depression

The Bogus "Recovery," Stress and Burnout

We have three basic ways to counter the destructive consequences of stress.

Fed’s Daly: Economy Will Need Longer Period of Support Due to Virus

Federal Reserve's Daly has said that the economy will need longer period of support due to virus. More to come...

The Ballooning Money Supply May Be the Key to Unlocking Inflation in the U.S.

Investors are keeping a close eye on a surge in the U.S. money supply for signs of inflation's long-awaited return.

High-Yield Savings Accounts Slash Interest Rates to ‘All-Time Lows’

Some of the most popular online high-yield savings accounts, including Goldman Sachs, Synchrony and Barclays, have dropped interest rates below 1%.

39% of Younger Millennials Say the Covid-19 Recession Has Them Moving Back Home

About 39% of younger millennials (defined here as ages 24 to 29) say they are either planning or have already moved back in with their parents because of the economic downturn, according to a recent survey by TD Ameritrade.

Trump Serious About Using Executive Order To Extend Stimulus, Cut Dems Out Of Deal: Fox

"...Maybe it is a bluff but he also thinks he can get @Microsoft to pay him to approve its @tiktok deal. If he goes through..."

Why Some Retirees Could Face Reduced Social Security Benefits Unless Congress Acts

The Covid-19 pandemic could prompt an unprecedented drop in the Average Wage Index, which would hurt the Social Security retirement benefit calculations for people born in 1960. As Congressional lawmakers propose their own fixes for the problem, experts say near retirees should delay taking benefits, if they can.

We Haven’t Seen Anything Yet: The Coming Tiny Silver Market Explosion

Do You Think The Availability Of Silver Bullion Is A Problem Now… We Haven’t Seen Anything Yet

Bulls Bet That Bond Market’s Trillions Are Coming for Gold

For unabashed gold bulls, there are trillions of dollars in the bond market just ready to snap the metal up in a world short on hedges but big on risk. Spurred on by real yields at record lows and monetary dangers ahead, asset allocators are primed to start ditching some of their government...

Even Though $600 Unemployment Boost Lapsed, Congress Likely Will Make New Aid Retroactive

Whenever Capitol Hill decides on the next round of federal unemployment benefits, those payments likely will be retroactive to when the $600 lapsed, experts say.

The $600 Unemployment Boost Is Gone. Now 6 Million Americans Can’t Pay Their Bills

A $600-a-week supplement to unemployment benefits leaves millions of Americans without enough cash flow to pay bills in August.

Private Payroll Growth Slows Sharply in July Amid Spike in Virus

The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday.

For the Unemployed, Rising Grocery Prices Stretch Budgets Even More

The cost of groceries has been rising at the fastest pace in decades since the coronavirus pandemic seized the U.S. economy, leading to sticker shock for basic staples like beef and eggs and forcing struggling households to rethink how to put enough food on the table.

ISM Services Smashes Expectations On Record High New Orders, But Employment And Trade Collapse

The jump was driven almost entirely by a record surge in New Orders which have exploded from a record low 32.9 in April to a record high 67.7 in July.

Gold Just Hit a Fresh Record High — but Some Say Silver Is Set to Overtake

Michael Hsueh, a commodities and foreign exchange strategist at Deutsche Bank, told CNBC he expects silver to outperform gold.