Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to reach a record 106% of gross domestic...
“There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”
The adoption of AI is just getting started, offering astute investors the
Alongside its $1.50 hot dog and soda combo, gallon tubs of mayonnaise and value packs of socks, Costco, the warehouse retailer, has been selling gold bars since October. Now, retail analysts say Costco is selling up to $200 million worth of gold and silver each month, according to an analysis from Wells Fargo. Online forums and Reddit threads have cropped up where customers give each other advice on how to purchase the bars before they sell out. “I’ve gotten a couple of calls that people have...
The R&D World Index (RDWI) for the week ending April 19, 2024, closed at 3,486.41 for the 25 companies in the RDWI. The Index was down -3.24% (or -116.89 basis points). Seven RDWI members gained value last week from 0.03% (Merck & Co.) to 2.54% (AbbVie). Eighteen RDWI members lost value last week from -0.35%…
Felix Rosenqvist continues to benefit from a change in scenery in 2024,
Matt Richards has called for financial rewards for athletes across all sports given the vast revenue generated by the Games
The number of migrants from China has soared from under 1,000 a few years ago to more than 37,000 last year. NBC News' David Noriega reports on what's behind the increase and how the U.S. says it's addressing the issue.
Last year, a supplier had to pause production due to a cyberattack, so Stellantis charged it $26 million, kicking off a legal battle
Americans Pour Into Pawnshops, Selling Gold Jewelry As Price Surges With gold trading at record highs, cash-strapped Americans are heading to pawnshops to sell their jewelry. “People are using gold as an ATM they never had,” King Gold & Pawn and Empire Gold Buyers owner Gene Furman tells Bloomberg. He says gold-selling traffic at his 5th Avenue location in New York City has more than tripled as gold has surged 17% off its 2024 low in February to now trade near $2,400 an ounce. ...
China's EV industry benefits from billions of dollars in government subsidies.
Treasuries rallied sharply Friday, paring the steep weekly loss caused by US inflation data, as anticipated escalation of Middle East warfare stoked demand for havens.