Warren Buffett shared his best investment advice, and said the ‘elite’ have wasted $100 billion ignoring it

Matt Turner   August 30, 2017 Warren Buffett turns 87 on Wednesday. In honor of his birthday, Business Insider decided to highlight Buffett’s best investment advice. “Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior,” Buffett said in his 2017 annual shareholder letter. “My […]

Missile Tests Send Gold Prices to Highest Levels This Year

By Justin Kuepper | August 29, 2017 Gold prices broke out from key resistance levels at $1,300 per ounce on Monday after North Korea launched a ballistic missile over a Japanese island. The launch represents the fourth test in four days in defiance of warnings made by U.S. President Donald Trump. Tokyo and Washington have requested an urgent meeting of the […]

Everything you thought you knew about budget deficits is wrong

Pedro Nicolaci da Costa   August 28, 2017 Politicians pay such frantic lip service to “America’s debt” that it’s become common knowledge that rising budget deficits can put the economy at imminent risk. Except, in this case, the conventional wisdom is dead wrong, according to a new paperpresented at the Federal Reserve Bank of Kansas City’s annual […]

Why Germany Getting Its Gold Back Is A Bigger Deal Than You Think

Germany’s central bank completed its plan to repatriate the country’s gold reserves from New York and Paris, three years ahead of schedule. Daniela Cambone         Aug 24, 2017 8:49 AM EDT Kitco News – Germany’s central bank completed its plan to repatriate the country’s gold reserves from New York and Paris, three years ahead of schedule. Initially expected to take until 2020, […]

Citigroup recruits father of euro bonds

Architect of the world’s first euro-denominated bond becomes chairman of the Wall Street bank’s London-headquartered broker-dealer By Vivek Ahuja          August 24, 2017 Updated: 2:27 p.m. GMT Citigroup has recruited a 40-year capital markets veteran, and architect of the world’s first euro-denominated bond, as chairman of its European broker-dealer subsidiary. Companies House filings […]

World stocks rise with commodities, metals, dollar

Dion Rabouin     August 22, 2017 NEW YORK (Reuters) – Stocks around the globe headed upward on Tuesday, with European bourses breaking a three-day losing streak, boosted by rising commodity and metals prices and U.S. stocks underpinned by bargain hunting. London copper CMCU3 rose to a three-year high, zinc CMZN3 held close to its […]

US oil inventories are falling fast

David Scutt, Business Insider Australia  August 18, 2017 During a session where most risk assets were pummelled, there was one asset that managed to buck the trend on Thursday: crude oil. It closed with gains in excess of 0.6%, a performance in stark contrast to other assets such as stocks, base metals and higher-yielding currencies. This […]

Stocks are selling off after the Barcelona attack

August 17, 2017 Sinead Carew, Reuters U.S. and European equities fell on Thursday as investors trimmed their exposure to riskier assets amid ongoing uncertainty over whether the Trump administration will be able to proceed with its economic agenda and after cautious tones from U.S. and European central banks. U.S. stocks hit session lows and the dollar turned flat […]

Markets are under pressure as US-North Korea tension rises

Akin Oyedele Aug 9, 2017 Stock markets around the world are dipping on Wednesday amid rising tensions between the US and North Korea. Reports early on Tuesday indicated that North Korea was able to build nuclear bombs small enough to fit on a missile. President Donald Trump then said any aggression from Kim Jong Un, North Korea’s leader, would […]