The U.S. economy is faring better today than at any point since the Great Recession ended in the middle of 2009. Jobs growth is strong and accelerating and the unemployment rate is below its historical average. The stock market remains near all-time highs, and the...
Gold prices surged past 3 1/2-month highs Wednesday morning as investors further discounted the possibility of a rate increase by the U.S. Federal Reserve this year and the precious metal benefited from Chinese investors fleeing stock-market falls in Asia. Gold prices...
Investors fear a “black swan” catastrophic event in the financial markets right now more than ever before. At least according to the CBOE Skew Index, which measures the prices of far out-of-the-money options on the S&P 500. Its goal is to determine the...
Gold rose to its highest level since early July on Monday as expectations that the Federal Reserve will postpone an expected U.S. interest rate hike beyond the end of the year pressured the dollar to three-week lows against a currency basket. The dollar index was down...
Last week's scare over a possible government shutdown may have been just the warmup act for a much bigger threat to force the Treasury to default on trillions of dollars of debt. The shutdown was narrowly averted by a last minute deal in Congress that angered its most...