The US Federal Reserve risks triggering “panic and turmoil” in emerging markets if it opts to raise rates at its September meeting and should hold fire until the global economy is on a surer footing, the World Bank’s chief economist has warned. Rising uncertainty over growth in China and its impact on the global economy…
World Bank Chief Economist Warns Fed to Delay Rate RiseDetailsGold’s many qualities make it one of the most coveted metals in the world. Not only can it be beautifully shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is biocompatible (meaning it’s not harmful to our tissue). These qualities make it the metal of choice in a wide variety of industries,…
The Many Uses of GoldDetailsChina’s slowdown and a host of other downside risks threaten to push the global economy into much deeper trouble without concerted action by the world’s largest economies, the International Monetary Fund warned Wednesday. “Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook,” the…
IMF Says China Slowdown, Other Risks Threaten Global OutlookDetailsThe word of the week for investors was “sell.” Mom and pop investors are dumping their investments and moving to cash at levels not seen since the financial crisis of 2008. It’s an “investor revolt,” is how Credit Suisse characterized it. Normally when investors panic about stocks falling, they sell stocks and buy bonds, which…
Investors Dump Stocks at Record PaceDetailsThe New York Stock Exchange invoked the little-used Rule 48 to pre-empt panic trading at the stock market open for the third day in a row on Wednesday. In a historic move, the exchange used the rule before Monday’s open following a dramatic drop in pre-market open futures, including the Dow Jones Industrial Average futures…
The Little-Used NYSE Rule That Can Tame a Wild MarketDetailsChina stocks closed sharply lower Tuesday but the damage was largely contained with most major world markets staging a recovery from Monday’s selloff. The benchmark Shanghai Composite declined 7.6%, while the smaller Shenzhen Composite shed 7.2%. The Shanghai index has now crashed 42% from its June 12 peak. After Chinese markets closed, Beijing launched new…
China Stocks Crash Again but Global Markets RecoverDetails[vc_row][vc_column][vc_column_text]THE golden coin’s message is as revolutionary as this city gets these days: Put aside revered dead presidents and contemplate Sacagawea, the Shoshone woman who courageously guided Lewis and Clark in the 19th-century expedition that redefined America. In the clever marketing hands of the United States Mint’s director, Philip N. Diehl, a popular demand for…
PUBLIC LIVES: Sharing a Nation's History and Culture, a Coin at a TimeDetails[vc_row][vc_column][vc_column_text] Greater risk of instability can only increase the precious metal’s luster. By Philip Diehl Aug. 13, 2013 12:55 p.m. ET Concerns are rising that the Chinese economy is headed for a hard landing. That would have implications for many markets, not least for gold. Conventional wisdom holds that a slowdown in China will reduce demand…
China Turns to GoldDetailsI had a bit of fun with the platinum coin plans on MSNBC Monday night: Tuesday morning, I got an e-mail from Philip Diehl, the former Mint director and Treasury chief of staff who, with Rep. Mike Castle, wrote the platinum coin law and oversaw the minting of the first coin authorized by the law.…
Former Head of U.S. Mint: The Platinum Coin Option would WorkDetails[vc_row][vc_column][vc_column_text]In live interview in Today New York Studio; US Mint’s Philip Diehl says new quarters with designs from every state on the tail side will be released every 10 weeks starting with the quarter commemorating the state of Delaware. Close up on large quarter seen. Diehl says each state selected the design for the tail…
US Mint's Philip Diehl Discusses the New QuartersDetails[vc_row][vc_column][vc_column_text]Philip Diehl, director of the U.S. Mint, discusses the release of the Sacajawea dollar coin. Sacajawea was a Shoshone Indian who acted as guide to Lewis and Clark. Transcript Sacajewea Dollar Coin is Released MATT LAUER, co-host: In a couple of weeks, you may find some gold in your pockets. A new golden dollar is…
Diehl on NBC: Sacajawea Dollar Coin is ReleasedDetailsTHIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. ANNOUNCER: Ahead on BUSINESS UNUSUAL, making change. We’ll meet the man who transformed the United States Mint from a stodgy government agency to a player in the new economy. Boeing attacks productivity problems, cuts cost and rockets…
Business Unusual: Philip Diehl Transforms U.S. MintDetails
