Gold: $1,273.403.30 Silver: $16.320.02

Amazon, Berkshire, JPMorgan Move to Target Health-Care Costs

Three corporate giants are teaming up to combat what billionaire Warren Buffett calls a “hungry tapeworm” feasting on the U.S. economy: health care. Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co. said they plan to collaborate on a way to offer health-care services to their U.S. employees more transparently and at a […]

Gold May See a Big Move This Year, Says Frank Holmes

Stocks, commodities, and gold are having a good start to the year. However, with a pickup in inflation and the dollar’s recent woes, gold may start to take the lead. This time on Financial Sense, we spoke with Frank Holmes from U.S. Global Investors about his take on gold and where he thinks the markets are […]

Japanese cryptocurrency exchange loses more than $500 million to hackers

Hackers stole several hundred million dollars’ worth of a lesser-known cryptocurrency from a major Japanese exchange Friday. Coincheck said that around 523 million of the exchange’s NEM coins were sent to another account around 3 a.m. local time (1 p.m. ET Thursday), according to a Google translate of a Japanese transcript of the Friday press […]

Is gold on the verge of breaking out?

Gold’s move is much more likely to have staying power than bitcoin, say analysts   This could be the year that gold prices hit a record. A massive move in gold, driven in part by declines in the U.S. dollar DXY, -0.56%   and Treasury bonds TMUBMUSD10Y, +0.89%  , excessive optimism in the stock market, […]

The Tax Law, Just One Month Old, Is Roaring Through U.S. Companies

Just weeks after the federal government adopted the biggest tax overhaul in three decades, the effects are rippling through corner offices and boardrooms, with companies large and small dusting off once-shelved plans, re-evaluating existing projects and exploring new investment in factories and equipment. Specialty drugmaker Amicus Therapeutics Inc. has decided to spend as much as […]

TRUMP: ‘AMERICA IS ROARING BACK AND NOW IS THE TIME TO INVEST’ [COMPLETE SPEECH]

President Trump told the World Economic Forum that America’s economy is “roaring back” and called on the gathered business leaders to invest in America’s growth. “America is roaring back and now is the time to invest a future of America,” Trump said. “We have dramatically cut taxes to make America competitive. We are eliminating burdensome […]

Comey, Rosenstein, McCabe All Named In FISA Memo, First Leak Reveals

A bombshell four-page “FISA memo” alleging egregious surveillance abuse by the FBI, DOJ and Obama administration, specifically names FBI Deputy Director Andrew McCabe, former FBI Director James Comey and Deputy Attorney General Rod Rosenstein, according to the Daily Beast. The GOP-authored memo made waves last week after it was made available to the full House of Representatives for viewing. […]

Mnuchin’s comments on weaker greenback met by dollar rout

NEW YORK (Reuters) – The dollar slumped to a fresh three-year low against a basket of major currencies on Wednesday after the U.S. Treasury secretary said he welcomed a weaker greenback, and as investors worried about U.S. President Donald Trump’s protectionist agenda. Speaking at the World Economic Forum in Davos on the eve of Trump’s […]

Gold Futures Post Highest Close Since 2016 in Heavy Trading

Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average. Gold for April delivery climbed 1.5 percent to settle at $1,361.40 an ounce at 1:37 p.m. on the Comex in […]

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