Markets

A default could push gold to a new record high as investors would seek safe haven assets. In a default, a weaker dollar and falling Treasury yields could also bring gold up. Even if a last-second deal was reached, gold could see a near-term rise, RBC Capital Markets said. Loading Something is loading. Thanks for… Continue reading Gold could rally to a new record high if the US defaults and investors flee to safety

Fears of a US debt default are mounting as a deadline to raise the government’s borrowing limit draws near.  Treasury Secretary Janet Yellen has warned of worrying consequences if Congress doesn’t make a decision soon.  Here’s what 6 top voices have said so far about the ongoing debt-ceiling deadlock. Loading Something is loading. Thanks for… Continue reading Fears of a US debt default are mounting as the deadline to lift the borrowing limit looms. Here’s what Elon Musk, Paul Krugman and Jamie Dimon have warned.

Wall street experts including Mike Wilson and David Rosenberg have renewed their warnings of an oncoming recession.  “I think that by the summer, we’ll start to see a recession unfold,” said Ed Hyman, chairman of Evercore. Here’s a selection of the most recent economic outlooks from investors, analysts and other experts. Loading Something is loading.… Continue reading Stanley Druckenmiller, Mike Wilson and David Rosenberg warn of an oncoming recession. Here are the latest economic outlooks from some of Wall Street’s biggest names.

The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider. Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market. But rates are likely to stay high as the Fed keeps an eye on inflation. Loading Something is loading. Thanks… Continue reading The housing market has frozen over. Here’s why experts say home affordability isn’t getting better any time soon.

Warren Buffett and Charlie Munger let slip some interesting facts during the Berkshire meeting. Buffett likely has over $250,000 in a single bank account, and spotted red flags at First Republic. Munger pockets $70,000 a year from a $1,000 investment he made 60 years ago. Loading Something is loading. Thanks for signing up! Access your… Continue reading Warren Buffett’s bank account, Charlie Munger’s oil checks, and an Amazon bestseller: 6 nuggets from Berkshire Hathaway’s annual meeting

Making bets on a debt crisis would be nearly impossible, Bankrate’s senior economic analyst told Insider. There’s too much uncertainty in the near term and lack of precedence to try and trade on a US default. Instead, investors should maintain a long-term approach, build emergency funds, and pile into high-yield savings accounts. Loading Something is… Continue reading It’s almost impossible to trade on a US default – so here’s what investors should do instead, according to Bankrate’s senior economic analyst

The US’s rivals are trying to unseat the dollar, which dominates global trade and investment flows. But some of the biggest names in financial markets think it’s unlikely that they’ll succeed. Here’s why Warren Buffett, Goldman Sachs, and others aren’t fretting about the de-dollarization movement. Loading Something is loading. Thanks for signing up! Access your… Continue reading From Warren Buffett to Paul Krugman, some of Wall Street’s biggest names are shrugging off de-dollarization fears

Nintendo stock jumped as much as 3% on Friday after the company released its newest Zelda videogame.”The Legend of Zelda: Tears of the Kingdom” follows up the massive success to “Breath of the Wild,” which was released six years ago.The new installment of the Zelda videogame series has received positive reviews, earning a score of… Continue reading Nintendo stock jumps as the latest Zelda game releases to rave reviews