Silver has lost its shine of late as fears of another global economic slowdown reduced its appeal as an industrial metal. Silver fell from the record prices it set a couple of months back to hover around $35 per ounce. However, optimists are speculating that silver will bounce back once again and cross the $100 record. There are even experts who fancy silver's price parity with gold!
Some Federal Reserve officials believe further monetary policy easing could be needed if the recovery remains too sluggish to cut the stubbornly high U.S. jobless rate and if inflation eases as expected, minutes of the Fed's last meeting show.
The Federal Reserve, in a push to control the often wayward communications of its top officials, issued detailed rules on Tuesday dictating what they can and cannot do.
Paul may be having his swan song just as his ideology is catching on
Former Fox News Talk Show Host Glenn Beck was warmly received by Israeli lawmakers during a visit to the Middle East nation.
Unconventional economic times require unconventional answers, and awhile back an economist proposed one to create jobs: have the U.S. Government distribute a $3,000 gift card to every American over age 16.
In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.
The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
The June jobs report came in far worse than expected, raising fears about the health of the economy and the sustainability of any recovery.
The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.
The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.
Since June 15, there has been a significant rise in Treasury yields. Below we present several reasons for the spike and why we think that interest rates will continue to move higher.
A top Federal Reserve official said on Thursday large-scale bond buying can be an effective monetary policy substitute when the central bank runs out of room to cut interest rates.
The Federal Reserve should be prepared to act to support the economic recovery again if growth disappoints, a top official said on Thursday, the day the central bank's latest bond buying round ended.
In order to take a break from government service, U.S. Treasury Secretary Timothy Geithner is considering leaving his post after President Barack Obama and Congress reach an agreement on raising the national debt ceiling.
St. Louis Federal Reserve President James Bullard said on Thursday that while the central bank's massive bond buying program impacted financial markets immediately, its effect on the broad economy will lag by as much as a year.
St. Louis Federal Reserve President James Bullard said on Thursday that while the central bank's massive bond buying program impacted financial markets immediately, its effect on the broad economy will lag by as much as a year.
The top pre-market NASDAQ Stock Market gainers are: Origin Agritech, Hansen Medical, First Solar, eBay, and Siliconware Precision Industries. The top pre-market NASDAQ Stock Market losers are: Aeterna Zentaris, Star Scientific, Vodafone Group, Lululemon Athletica, and Amazon.com.
The Federal Reserve's decision on debit interchange fees seems to exclude eBay Inc.'s (NASDAQ: EBAY) PayPal from being treated as a "payment card network", Jefferies said in a note to clients.
The top after-market NYSE gainers on Wednesday are: USANA Health Sciences, Visa, Celestica, Lithia Motors, Ion Geophysical, AOL, Mastercard, Office Depot, Carnival Corp and Arrow Electronics.
In our view, inflation is on the verge of becoming a significant concern for the global economy
Bank of America (NYSE:BAC), one of the nation's largest banks by assets, has confirmed an $8.5 billion settlement with high-profile investors over mortgage loans, and would report a second-quarter loss in the range of $8.6 billion to $9.1 billion.