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 […]
reuters.com Tuesday January 24, 2017 7:13 PM * Dollar pulls away from multi-week lows vs euro, yen * Higher US yields give dollar reprieve from US protectionist woes By Shinichi Saoshiro TOKYO, Jan 25 (Reuters) – The dollar held gains early on Wednesday, with a rebound in Treasury yields helping the greenback pull away from […]
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 […]
January 20, 2017 The dollar is hovering ahead of Donald Trump’s inauguration. The US dollar index is little changed at 101.26 as of 9:19 a.m. ET. On Friday, Donald Trump is set to be inaugurated as the 45th president of the United States of America. He will be sworn in at noon on the steps […]
BUSINESS NEWS | Wed Jan 18, 2017 By Rahul Karunakar The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. With elections due in a number of major euro zone countries, political change […]
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 […]
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 […]
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 […]
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 […]
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 […]