The record high price set by gold Tuesday confirms, more dramatically than ever, that Wall Street's lack of confidence in paper assets extends even to companies that mine the world's most reliable store of value, gold.
Fitch Ratings on Tuesday confirmed the United States' top-notch credit rating and, in blatant disagreement with rival Standard & Poor's, gave a vote of confidence to Washington's deficit-reduction efforts.
Gold set a record high Tuesday and U.S. stocks fell on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
While U.S. and European financial institutions brace for another economic slowdown, Canadian firms are noticing the familiar scent of opportunity.
Wall Street stocks fell on Tuesday after a meeting of the heads of France and Germany failed to quell market fears about euro zone leaders' ability to contain the region's sovereign debt woes.
French and German leaders proposed a tax on financial transactions and closer joint governance of economic policy to stop the debt crisis in Europe, but did not propose increasing the euro zone bailout fund or selling euro zone bonds, French President Nicolas Sarkozy said on Tuesday.
Gold settled at a record high Tuesday after investors abandoned stocks on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff's firm for determining how to calculate investor losses, handing a defeat to so-called net winners.
The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.
The recent federal budget fight between the Democrats and Republicans over the debt ceiling, true to form, yielded "more heat than light," once again, regarding the true sources of the budget deficit. Therefore, without further adieu, sans the rhetoric, here are five things you didn't know about the budget deficit.
Gold and silver prices rose Tuesday but companies that mine the precious metals fell as the broader market gave up recent in a clear signal that investors don't have much confidence in Europe's ability to solve its sovereign debt concerns.
Stocks dropped more than 1 percent on Tuesday as German growth data and a meeting of French and German leaders failed to ease worries about the euro zone debt crisis.
Stocks dropped more than 1 percent on Tuesday as German growth data and a meeting of French and German leaders failed to ease worries about the euro zone debt crisis.
Here are three reasons to buy gold, even if it means selling some stocks or bonds to get the money for such an investment.
U.S. housing starts fell less than expected in July as builders broke ground on new multifamily units likely to meet demand for rental apartments, while permits for future construction dropped, a government report showed on Tuesday.
Fitch Ratings said it was keeping the United States' long-term credit rating at AAA with a stable outlook, less than two weeks after Standard & Poor's downgraded the U.S.
Home Depot Inc raised its fiscal-year profit forecast for the second time in three months as timely promotions and a focus on cheaper products helped the No.1 home improvement chain gain market share from rival Lowe's Cos Inc .
Stocks fell on Tuesday after three days of gains as weak German growth data renewed concerns about the euro zone debt crisis and the global economy.
Stock index futures fell sharply on Tuesday after an unexpectedly low reading on growth in Germany held back the euro zone and rekindled fears the global economy was stagnant.
German gross domestic product growth slowed more than expected in the second quarter, data showed, raising questions over how much drive can be expected from Europe's top economy in uncertain times.
Investors slashed equity holdings in August and boosted cash levels to their highest since March 2009 as concerns about a global economic slowdown and the euro zone debt crisis drove an exodus from riskier assets, a survey showed on Tuesday.
Barclays Capital is forecasting the price of gold to exceed $2,000 per ounce next year as sovereign debt risks intensify, broad investment demand accelerates and central bank buying of the yellow increases.
Home Depot Inc outperformed rival Lowe's Cos Inc in same-store sales for the ninth quarter in a row, and the No. 1 home improvement chain raised its profit forecast for the fiscal year.
The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
The euro zone economy slowed sharply in the second quarter, hobbled by sluggish growth in Germany and stagnation in France, raising fears of a longer-term dip that could derail efforts to resolve the bloc's debt crisis.
Industrial production rose at its quickest pace in seven months in July as motor vehicle output rebounded strongly, further easing fears the economy could slide into recession.
Debt concerns in Europe and a tepid U.S. economy have made for a bumpy stock market of late, to day the least. However, because one-day events can deceive, let's pull the lens back and do a condensed, cross-methodological analysis of the Dow Jones Industrial Average, to see if it reveals any long-term clues.
Stocks fell in early trading on Tuesday after three days of gains as data showed sluggish German growth hobbled the euro zone, rekindling fears of a stagnant global economy.
Stocks were set to open lower on Tuesday after three days of gains as data showed sluggish German growth hobbled the euro zone, rekindling fears over a stagnant global economy.
Canadian gold mining company Kinross Gold Corp. said Tuesday it will sell $1 billion in unsecured debt securities for general corporate purposes, including funding for capital expenditures, with closing of the offering set for next Monday.
