Economy
-
Is the Fed facing a credibility problem and why is gold price the ‘punching bag’?
(Kitco News) Extreme volatility in the marketplace in reaction to the latest policy shift by the Federal…
Read More » -
Ron Insana says the Fed is defying logic by trying to create a recession
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04,…
Read More » -
5 things to know before the stock market opens Friday, May 6
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures drop…
Read More » -
Bitcoin price plummets, gold gives up gains and stocks plunge in post-Fed trading
(Kitco News) The post-Fed rally quickly vanished just a day after the markets breathed a sigh of…
Read More » -
Why the market is taking Powell’s ‘soft-ish’ economic language so hard
Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for…
Read More » -
‘No end in sight’: In Beijing, fears of Shanghai-style lockdown | Coronavirus pandemic News
Beijing, China- When Zhou Huan received a notification that his Beijing neighborhood would be locked down from the evening of…
Read More » -
China’s economy is going backwards
The Caixin purchasing managers’ index, a closely-watched indicator for assessing the state of the economy, plummeted to 36.2 in April…
Read More » -
3 UCLA faculty members elected to National Academy of Sciences for 2022
Three UCLA professors — Dr. E. Dale Abel, Robert Bjork and Rosa Matzkin — have been elected to the National…
Read More » -
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most…
Read More »