June 30, 2021
“Pending home sales, a measure of signed contracts on existing homes, jumped an unexpectedly high 8% in May compared with April, according to the National Association of Realtors. Analysts expected a 1% drop. This is the highest level of sales… Continue Reading…
May 3, 2021
“The Dow Jones Industrial Average rose 300 points. The S&P 500 gained 0.6% and the Nasdaq Composite inched up 0.4%. Berkshire Hathaway shares rose 1% after Warren Buffett’s conglomerate reported a 20% surge in operating earnings and continued to buy back large… Continue Reading…
June 5, 2020
“The Dow advanced more than 2% shortly after market open, adding more than 700 points. The 30-stock index hit its highest level since March 4. The S&P 500 also rose more than 2% and hit its highest level since February… Continue Reading…
June 3, 2020
“If the Federal Reserve is forced to embrace negative interest rates, the gold price will react by breaching the previous all-time high of $1,920 an ounce, according to Standard Chartered. Fed Chairman Jerome Powell has been adamant that negative interest… Continue Reading…
June 1, 2020
“ISM manufacturing index climbs to 43.1% in May from 41.5%… The Institute for Supply Management said its manufacturing index climbed to 43.1% last month from an 11-year low of 41.5% in April, suggesting the worst of the economic damage from the pandemic… Continue Reading…
April 28, 2020
“Two years ago, when gold was hovering at the $1,200 range, the idea of gold surpassing $1,700 seemed like a pipe dream to many investors. Remember, August 2018 marked a 5-month period of intense selling pressure. Nobody wanted gold, from… Continue Reading…
April 24, 2020
“As the calendar turns to May, we’re likely to see a slow return of growth for some types of economic activity that were wiped out by the coronavirus shutdowns in March and April. That’s the good news. The bad news… Continue Reading…
April 13, 2020
“A silver lining seems to be emerging finally for the market ravaged by the coronavirus crisis. The United States, which has been under partial or complete lockdown in some states, might finally lift the same in May if the current… Continue Reading…
November 6, 2019
“A wave of interest-rate cuts by central banks including the Federal Reserve and mounting hopes of a U.S.-China trade deal are buoying confidence in financial markets just as key economic indicators show signs of stabilization after recent declines. …the relative… Continue Reading…
August 30, 2019
“US stocks on Thursday had their best day in roughly two weeks on hopes that trade tensions between the United States and China could ease… August is shaping up to be the second worst month for stocks this year, in sharp contrast… Continue Reading…
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