Gold futures (GC=F) fell as much as 11% to trade below $4,800 an ounce on Friday in a sharp reversal of this year’s massive rally in precious metals. Spot gold saw its biggest daily drop since the early 1980s while silver (SI=F) also fell more than 25%, its biggest daily drop on record in a … Read more
Gold futures (GC=F) headed for their worst day since the early 1980s. The precious metal fell more than 10% to hover near $4,750 an ounce on Friday while silver (SI=F) also fell more than 20%, the biggest daily decline on record in several reversals of this year’s massive rally in precious metals. The volatility came … Read more
the S&P 500 (SNPINDEX: ^GSPC) it’s up 1.5% year to date, and the benchmark index is currently within half a percentage point of its all-time high. However, several Federal Reserve officials (including President Jerome Powell) have warned investors that share prices are elevated by historical standards. Wall Street anticipates double-digit gains in the S&P 500 … Read more
According to data from the Federal Reserve, the top 1% of US households controlled $51.85 trillion dollars in assets as of 2025. This amounts to 31% of all US household wealth. Such large sums of money are difficult to understand unless they are distributed. One way to do this is to conduct a thought experiment: … Read more
Kavanaugh: For present purposes, you accept the constitutionality of the removal-for-suit provision for the Federal Reserve, and that is what protects the independence of the Federal Reserve. What is, in your view, the purpose of that independence? Sauer: It protects the governors. Reflecting exactly the plain text of the statute, it protects governors from removal … Read more
The Ice Coffee Hour / YouTube Moneywise and Yahoo Finance LLC may earn commission or income through links in the content below. America’s baby boomers are often considered the lucky ones — the generation that bought homes before prices soared, rode decades of stock market growth and built their careers in a less tight job … Read more
WASHINGTON, Jan 13 (Reuters) – U.S. consumer prices likely accelerated in December as some of the distortions related to the government shutdown that had artificially reduced inflation in November were removed, which will cement expectations of the Federal Reserve leaving interest rates unchanged this month. The 43-day shutdown prevented the collection of prices for October, … Read more
As of 2024, the average American had a net worth of $620,654, according to a recent global wealth report from UBS. (1) But if that number sounds surprisingly high and disconnected from your lived experience, there’s a reason for that. Averages are calculated by taking a total amount and dividing it by the number of … Read more
US stock futures sank on Thursday as Oracle ( ORCL ) earnings raised concerns about AI trading, taking the wind out of the Wall Street rally that followed the Federal Reserve’s latest rate cut. Contracts on the S&P 500 (ES=F) and the Nasdaq 100 (NQ=F) fell 0.8% and 1.2%, respectively. Dow Jones Industrial Average (YM=F) … Read more
00:00 Speaker A So we are looking for this rate reduction. Um, but probably more importantly, we’re looking at the guidance and we’re also looking at the dissents. So what will you be watching most closely on Wednesday? 00:13 Speaker B Yes, so I think on the guide, two things. I would say the first … Read more