If you own gold or silver right now, you probably feel smart and slightly anxious at the same time. I’ve been watching this move tick by tick, and the most striking thing is how calm Jerome Powell sounds compared to what gold and silver are actually doing. Gold climbed to $5,600 an ounce after rising … Read more
The S&P 500 (SNPINDEX: ^GSPC) has added 1.5% year to date, and the benchmark is currently half a percentage point off its all-time high. However, several Federal Reserve officials (including Chairman Jerome Powell) have warned investors that stock prices are high by historical standards. Wall Street anticipates double-digit gains in the S&P 500 in the … Read more
By Steve Holland WASHINGTON, Jan 14 (Reuters) – U.S. President Donald Trump said on Wednesday that Iranian opposition figure Reza Pahlavi “seems very nice” but expressed uncertainty over whether Pahlavi would be able to muster support in Iran to eventually take over. In an exclusive interview with Reuters in the Oval Office, Trump said there … Read more
Veteran trader and Thinkorswim founder Tom Sosnoff is a contrarian by nature. And where the markets are currently trading has set off some internal alarm bells. “I don’t think we’re going to turn around and crash or anything like that, but I just think the odds favor the downside in the market,” Sosnoff told me … Read more
The US Department of Justice has opened a criminal investigation into Federal Reserve Chairman Jerome Powell as Donald Trump’s White House steps up its campaign against central bank independence. In a video posted on Sunday, a usually reticent Powell took the extraordinary step of calling off the probe as punishment for failing to set interest … Read more
Every living former head of the Federal Reserve condemned an “unprecedented” attempt by the Trump administration to weaken the independence of the US central bank after the Justice Department opened a criminal investigation into its chairman, Jerome Powell. Former Fed chairman Alan Greenspan, Ben Bernanke and Janet Yellen warned that similar attacks in other countries … Read more
U.S. stock futures added to losses early Monday amid concerns about the Federal Reserve’s independence after Chairman Jerome Powell said the Trump administration threatened him with criminal indictment. Dow Jones Industrial Average (YM=F) futures fell 0.6%, while those on the S&P 500 (ES=F) fell about 0.8%. Contracts on the Nasdaq 100 (NQ=F) led the way … Read more
Chandan Khanna/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. As the co-founder of PayPal and the first outside investor in Facebook, Peter Thiel is widely recognized for his technology expertise. But now the billionaire venture capitalist is sounding the alarm on an entirely different sector: … Read more