Countries that have traditionally been the biggest foreign holders of US government debt are selling their Treasurys. If foreign demand for US bonds continues to fall, it could make borrowing more expensive and create obstacles […]
As gold prices and bond yields continue to rise at the same time, a new report suggests trouble for equities. A study by Bank of America Merrill Lynch says conditions in the gold and bond […]
The European Commission issued a cautiously optimistic economic outlook. It is raising its 2017 eurozone growth forecast to 1.6% from 1.5%. At the same time, Economic Affairs Commissioner Pierre Moscovici said Europe must be prepared […]
Banco de Mexico has increased borrowing costs by 50 basis points, to 6.25%, more than double the December 2015 figure. The Trump administration’s aggressive stance and the end of government fuel subsidies are thought to […]
EU foreign ministers have reaffirmed commitment to economic sanctions on Russia, reacting to uncertainty about how the Trump administration views relations with that country. The intensity of fighting between pro-Russian forces and Ukrainian troops has […]
Apple, Google and Microsoft are among the 97 companies backing the state of Washington’s opposition to President Donald Trump’s executive order restricting immigration. The amicus brief filed by the companies states that Trump’s executive order […]
Airbnb says it will match up to $100,000 in donations to the International Refugee Assistance Project and National Immigration Law Center and International Rescue Committee. Twitter says it has raised $1.59 million to help the […]
“Gold has gotten smoked,” as futures prices plunged $33.90/oz., or 2.9%, yesterday to $1,129.80 for the lowest settlement since Feb. 2 and the largest single-day dollar and percentage loss since Nov. 11. The yellow metal […]
The Federal Reserve has increased its benchmark interest rate to between 0.5% and 0.75% and has forecast a faster clip of increases next year. The move is seen as a response to President-elect Donald Trump’s […]
Optimism at Japanese companies is on the rise for the first time in 18 months, thanks to a rebound in exports on a weakened yen. The election of Donald Trump brought a big slide in […]
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