Gold prices have jumped 8% since the collapse of Silicon Valley Bank. The precious metal passed $2,000 per ounce last week and traded at just 21 cents below its all-time high on Thursday, according to Refinitiv. Investors have flocked to gold as a safe haven with banking turmoil weighing on other assets. Loading Something is… Continue reading Gold closes in on an all-time high thanks to de-dollarization and banking uncertainty
The Fed’s own experts warn of a credit crunch-triggered economic slowdown – and sound the alarm on commercial real estate in a new report
Credit-crunch risks, commercial real estate and persistent inflation top worries for the Federal Reserve. The central bank’s own experts expressed their concerns in a periodic Financial Stability Report. The Fed also warned that a credit contraction could lead to a slowdown in economic activity. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The Fed’s own experts warn of a credit crunch-triggered economic slowdown – and sound the alarm on commercial real estate in a new report
Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says
Investors should snap up short-term US Treasurys, according to Pimco founder Bill Gross. Yields on 1- and 2-month bills have spiked on fears that the US could default on its debt repayments. “I think it’s ridiculous – it’s always resolved,” the billionaire “bond king” told Bloomberg TV. Loading Something is loading. Thanks for signing up!… Continue reading Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says
US stocks trade mixed as investors prepare for April inflation data and debt ceiling showdown
Matthew Fox Reuters US stocks were mixed on Monday as investors prepare for the April CPI report and debt ceiling showdown in Congress.The inflation report will help guide the Fed as to whether it hikes interest rates in June.Senate Republican Leader Mitch McConnell said he doesn’t have a “secret plan” to prevent a US debt… Continue reading US stocks trade mixed as investors prepare for April inflation data and debt ceiling showdown
The debt-ceiling crisis is coming at the ‘worst possible time,’ says Chicago Fed president
The debt-ceiling crisis is adding stress at an already difficult period, Austan Goolsbee said. “This whole … argument about the debt ceiling comes at the worst possible time — worst possible time.” Even a last-second deal could cause doubt in Treasurys, he told Yahoo Finance. Loading Something is loading. Thanks for signing up! Access your… Continue reading The debt-ceiling crisis is coming at the ‘worst possible time,’ says Chicago Fed president
Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway’s annual meeting.
Warren Buffett and Charlie Munger held court during Berkshire Hathaway’s annual meeting on Saturday. They tackled topics including banking, real estate, Apple, AI, Elon Musk, and de-dollarization. Here are Buffett and Munger’s 18 best quotes from the Berkshire meeting. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway’s annual meeting.
There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.
Investors can’t stop piling up cash, with assets in money market funds ballooning to a record $5.3 trillion.The surge in cash comes amid a combo of high interest rates and depressed investor sentiment towards the stock market.But that massive pile of cash could be the fuel needed to drive the next bull market rally. Loading… Continue reading There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.
Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar
Central banks boosted their gold stockpiles amid a backlash against the dollar. Global reserves grew by 228.4 tons in the first quarter, the World Gold Council reported. The top gold buyers were central banks in Singapore, China, Turkey and India. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar
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