A 30-something who spent 11 years traveling to 193 countries shares his favorite money trick to decide if something is worth buying

Tanza Loudenback Just before he turned 35, Chris Guillebeau visited his 193rd country, completing his quest to visit every nation around the world. But Guillebeau, now 39, wasn’t able to afford it because of a particularly high-paying job, or a windfall of family money, but rather through earnings from freelance gigs and entrepreneurial endeavors he’d […]

Will Gold Shine On?

January 23 2017 By Johanna Bennett Gold is getting off to a good start this week. With the U.S. dollar wobbling and lingering worries about trade policies and economic growth, the precious metal climbed in recent market action. Futures contracts for February delivery rose $9.50 a troy ounce, or 0.8% to trade at $1,214.40 a troy […]

Treasury yields are plunging

Treasurys are rallying sharply as traders return to work following the holiday weekend. Early buying has yields down more than 8 basis points in the belly of the curve as traders pile in following President-elect Donald Trump’s comments on the strong dollar. Trump told the Wall Street Journal, “Our companies can’t compete with [Chinese companies] now […]

Warren Buffett brilliantly explains how bubbles are formed

Mar. 23, 2016 In an interview with the Financial Crisis Inquiry Commission (FCIC) back in 2010, Warren Buffett answered several questions about what he thought caused the housing and credit bubble. During the interview process, he also gave a crystal clear explanation of how bubbles are formed. It’s a great read for anyone interested in investing or […]

The most traded currencies in 2016

Jeff Desjardins, Visual Capitalist Have you ever wondered which currencies receive the most trading action? The data for the following chart comes from a survey done every three years by the Bank of International Settlements (BIS). Note that trading volume adds up to 200%, because each currency trade has a pairing. Visual Capitalist The Chinese […]

Strong data, health stocks lead Wall St. higher

Thu Dec 29, 2016 Strong economic data and gains in healthcare stocks propped up Wall Street on Thursday, a day after the S&P 500 suffered its biggest fall in two months. A report showed the number of Americans applying for jobless claims fell by 10,000 to 265,000 last week, indicating sustained strength in the labor […]

U.S. capital goods orders rise solidly; GDP revised up

Thu Dec 22, 2016  By Lucia Mutikani |  New orders for U.S.-made capital goods rose more than expected in November amid strong demand for machinery and primary metals, suggesting some of the oil-related drag on manufacturing was starting to fade. Other data on Thursday showed the economy grew faster than previously estimated in the third […]