Dow Jones ends 475 points lower after 9-day winning streak
U.S. stocks ended sharply lower after a strong year-end rally lost momentum on Wednesday, putting an end to a string of record finishes for the...
U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers
Former Treasury Secretary Larry Summers believes that the current federal budget deficit poses a greater challenge for the economy than it has before in U.S....
U.S. leading index falls for 15th month in a row — and still no recession
The numbers: The leading economic index dropped 0.7% in June, falling for the 15th month in a row, a recession signal if there ever was one....
Why Washington and Wall Street are worried about the ‘de-dollarization’ threat
A “de-dollarization” mania is gripping Washington and Wall Street. Wall Street analysts, corporations, policy wonks and others are trying to ascertain whether there is any...
Big question with dollar under fire from rival countries and currencies: What happens to markets if the greenback loses its dominance?
The International Monetary Fund, not the Bank for International Settlements, added China’s yuan to its Special Drawing Rights basket. This story has been corrected. Probably...
Secret to 2023 stock rally? Central banks have provided $1 trillion liquidity boost.
Gains for global equities have left many on Wall Street perplexed as stocks — especially high-risk growth names with little or no profits — have...
Deutsche Bank says there’s a 90% chance of recession. But, without one, S&P 500 can get to 5,000.
One of Wall Street’s most pessimistic banks is conceding that the economic outlook has improved. But Deutsche Bank, in a new update of its house...
Gold prices rebound after hitting 3-week low
Gold prices rebounded on Monday after tumbling to their lowest level in three weeks following Friday’s surprisingly strong jobs report, which helped send Treasury yields...
Gold prices end lower after a 4-session rise to their highest since June
Gold futures finished lower on Thursday, posting their first loss in five sessions, as traders booked profits in the wake of the metal’s rise to...
The Fed delivered a message to the stock market: Big rallies will prolong pain
It was a “don’t make me come back there” moment from the Federal Reserve. A line from the minutes of the central bank’s December policy...