Investors around the world, more so the Chinese, are buying up gold assets to cover against rising inflation risk, macroeconomic uncertainties, a possible currency doom and the ever worsening U.S. debt scenario. The gargantuan demand from China can cause the yellow metal's prices to skyrocket, analysts feel. If the Chinese buying trend is ably supplemented with a fall in the value of dollar, this could result in a skyrocketing of prices.
FBR Capital Markets said Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have been volatile for over a year due to the Durbin Debit Interchange Amendment. The brokerage said it is worth watching in the next few months in the wake of final regulations expected from the Federal Reserve.
Former Federal Reserve Chairman Paul Volcker warned on Friday that trillion-dollar deficits posed a threat to the stability of the U.S. economy and the dollar, and said he is frustrated by the gridlock in Washington.
Two Federal Reserve officials on Friday stressed there will be no rush to roll back the U.S. central bank's super-easy monetary policy with the labor market still healing and inflation expectations largely in check.
The Federal Reserve should keep interest rates on hold for some time after it completes its bond buying to assess its impact on the economy, St. Louis Fed President James Bullard said on Friday.
The companies whose shares are moving in aftermarket trade on Thursday are: CF Industries Holdings, Fluor Corp, CIGNA Corp, Priceline.com, Eog Resources, Carefusion, Sunoco, Metropcs Communications, Visa and American Internation Group.
A top Federal Reserve official called on Thursday for a small interest rate increase by the end of the year if inflation rises as forecast, in one of the first outright calls from a policymaker to tighten monetary policy.
In the wake of the financial crisis, regulators are strengthening their ability to spot fault lines in the financial system, rather than focusing exclusively on specific companies, Federal Reserve Chairman Ben Bernanke said on Thursday.
Inflation remains well under control, despite the spike in oil prices, but the Federal Reserve stands ready to raise interest rates if price pressures appear to be getting out of hand, top Fed officials said on Wednesday.
Gold prices hit new all-time Dollar highs at the AM London Fix on Tuesday, but silver traded near a two-week low as world stock markets slipped and commodity prices fell hard.
Gains in loan demand were more pronounced from big firms than at smaller ones in the first three months of 2011, the Federal Reserve said on Monday, in a report showing headwinds to the economic recovery.
The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday on the back of news that a U.S.-led operation killed Osama bin Laden in Pakistan.
The United States does not have a capitalist system. We have a corporate fascist economic system where a small cartel of bankers, military weapons suppliers, and mega-corporations set the agenda for the country through their complete capture of politicians and the mainstream corporate media.
Gold continued its explosive rise, when measured in the falling US dollar currency, on Friday trading for $1,540 per ounce, marking a new record high yet again and set for its seventh successive weekly gain.
The take away from Bernanke's comments yesterday should allay any fears that the Federal Reserve will be lifting interest rates any time soon.
Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals' appeal as a hedge against inflation and economic uncertainty.
Gold Investing prices extended last night's strong gains on Thursday, hitting fresh all-time highs at $1534 per ounce as new US data showed inflation accelerating sharply.
Futures on major U.S. stock indices remained range-bound on Thursday ahead of economic data including key US GDP figures from the government.
Wall Street graded Federal Reserve Chairman Ben Bernanke's first post-meeting news conference an A-, praising him for poise and transparency but noting that financial journalists didn't make him sweat.
Federal Reserve Chairman Ben Bernanke signaled on Wednesday that the U.S. central bank is in no rush to scale back its support for the economy with the labor market still in a very, very deep hole.
Federal Reserve Chairman Ben Bernanke on Wednesday said the U.S. central bank could best ensure a strong dollar was by creating the conditions for strong economic fundamentals.
The following are highlights from Federal Reserve Chairman Ben Bernanke's press conference on Wednesday after the central bank's monetary policy committee meeting. This is the first regularly scheduled press conference by a Fed chief.
