Gold coins marked with the dollar sign and red arrow pointing upwards as gold prices climb

Gold Prices Jump after Weak U.S. Jobs Data

Gold prices jumped Friday after U.S. jobs data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year—adding up to a bullish backdrop for safe-haven assets such as precious metals. Gold prices were down nearly 1% earlier in Friday’s trading session but reversed losses after…

Electronic stock market pricing board, with Chinese characters

China Bans Stock Sales by Major Shareholders for Six Months

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard…

Greek flag juxtaposed over European Union flag with white retro clock sitting in front, moments away from unrest

Greece ‘48 Hours Away From Unrest’

Greek Prime Minister Alexis Tsipras probably has 48 hours to resolve a standoff with creditors before civil unrest breaks out and ATMs run out of cash, hedge fund Balyasny Asset Management said. Fund managers are questioning how the International Monetary Fund and Europe’s leaders can seal a deal with Athens following the “no” vote in…

Blue and grey map of the world with a focus on Greece, overshadowed by a gold coin with a pie cut out of it

Greece’s Bank Holiday from Hell

It was more or less impossible for Greek banks to open on Monday, once the European Central Bank announced it was turning off emergency lending to them. Because in the absence of any increase in this so called Emergency Liquidity Assistance, the banks had no way to supply cash to Greek depositors who have been…

Dollar sign colored like the American flag, breaking through a large grey crack

We Need Not Accept Economic Stagnation

President Obama continues to hail the economic “breakthrough.” Yet in the seventh year of his presidency, few families are enjoying a breakthrough for them. Instead, most families continue to struggle through the worst economic recovery since the 1940s. We recently learned that the economy actually shrunk in the first quarter of this year, and a…