The Federal Deficit Is Even Bigger Now Than It Looks
The federal government’s annual deficit for 2023 appeared to be $1.7 trillion, but due to irregularities involving President Biden’s now-overturned student debt cancellation plan, the...
Big Bankruptcies Hang Over Economy
Rising business bankruptcies are sounding alarm bells, especially as they increasingly involve large companies such as SVB Financial, Bed Bath & Beyond, and Yellow. Factors...
FOREX-Euro set for longest losing streak in its history, ahead of U.S. payrolls
SINGAPORE/LONDON, Oct 6 (Reuters) – The euro was heading on Friday for a record twelfth week of declines against the dollar, unless U.S. jobs data...
Deficits Finally Matter on Rising Interest Rates
Investors are growing concerned as U.S. borrowing skyrockets, posing potential risks to markets and the economy. Historically, the U.S. has been the world’s primary lender,...
Perth Mint’s September gold, silver sales rebound as prices decline
Oct 5 (Reuters) - Perth Mint's gold sales rebounded in September, the refiner said on Thursday, with silver sales climbing to their highest since June...
Bond Selloff Jeopardizes Hopes for Soft Economic Landing
Growth prospects and concerns over mounting government debt are driving long-term interest rates to a 16-year high, threatening economic stability. The Federal Reserve’s attempts to...
The Trillion-Dollar Question for Bond Investors: When Will the Fed Stop Raising Rates?
High bond yields, deemed a “generational opportunity” by BlackRock, haven’t attracted anticipated investments amid ongoing market losses. Investors, wary of persistent rate hikes and the...
Bond Vigilantes Powerless Against America's Soaring Debt
In the early ’90s, rising bond yields due to budget deficits influenced Washington’s fiscal decisions. Now, despite a $1.5 trillion budget deficit and soaring federal...
Americans Begin to Feel the Sting of Fed Rate Hikes
Rising interest rates due to Federal Reserve’s decisions are straining American finances. Consumers face higher costs for home and car loans, and existing debts are...
The Meltdown of the World’s Biggest Crypto Firm
Binance, once the dominant force in the crypto world after FTX’s crash, is now facing challenges. U.S. agencies’ enforcement threats have led to over a...