Gold and silver are wrapping up a record-setting week once again. Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to smash through US$5,500. Silver was no slouch either. After hitting ...
A conflict between Coinbase CEO Brian Armstrong and JPMorgan CEO Jamie Dimon has brought the CLARITY Act back into the spotlight. The confrontation occurred in the meetings at the World Economic Forum in Davos. Meanwhile, new details have emerged about who will attend the planned White House meeting of banking and crypto executives. CLARITY Act The post CLARITY Act: Coinbase’s ...
A federal judge on Friday struck down key portions of President Donald Trump’s executive order aimed at tightening citizenship verification for voter registration and absentee ballot applications, ruling the White House overstepped its constitutional authority. U.S. District Judge Colleen Kollar-Kotelly said the Constitution gives states and Congress, not the president, the power to set rules for federal elections. Kollar-Kotelly blocked ...
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people experience and technology, said in ...
Don Durrett of GoldStockData.com explains why gold’s record-setting price run isn’t over. ‘The reason gold is at US$5,000 (per ounce) and going higher is because the US bond market is fragile and becoming more fragile every day,’ he said. ‘But not only that — I’ve said this — it’s going to fail, and that’s why gold keeps going higher and ...
U.S. regulators are taking steps to agree on the coordination of digital asset regulation, with the SEC CFTC MoU to outline the cooperation between the two regulators. This is part of the overall strategy to encourage the growth of the industry and strengthen the position of the U.S. in the global cryptocurrency market. SEC CFTC The post SEC, CFTC to ...
U.S. appeals courts have overturned or stayed lower court rulings blocking President Donald Trump’s policy priorities at a rate far higher than during the Biden administration, a disparity Trump allies point to as evidence of the president’s strong track record in higher courts. The contrast was highlighted by Chad Mizelle, a former senior Justice Department official, who noted that district ...
Platinum may be rare, but it is the third most-traded precious metal in the world, behind gold and silver. The world’s platinum demand varies widely across many sectors. Most notably, platinum metal is used in autocatalysts and jewelry, as well as for medical and industrial purposes. Those interested in investing in platinum would do well to be aware of the ...
Federal Reserve Chair Jerome Powell has signaled that the central bank is unlikely to make further rate cuts unless the labor market weakens again. This comes as crypto traders continue to price in the possibility of interest rates remaining unchanged until the June FOMC meeting, when Powell will no longer be the chair. Jerome Powell The post Jerome Powell Speech: ...
Shipping in the Persian Gulf dipped sharply Wednesday as tensions with Iran intensified amid signs the U.S. was positioning military forces for a potential strike, according to maritime intelligence assessments. The U.S. Navy’s USS Abraham Lincoln Carrier Strike Group entered the U.S. Central Command area of responsibility Monday, a U.S. official confirmed to Fox News Digital, as President Donald Trump ...
Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold’s latest price activity, saying the metal is still ‘nowhere near a top.’ In his view, its long-term drivers remain in place, and two new ones have now emerged. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. This post ...
As the Federal Reserve gears up for its first meeting of 2026, all eyes are on what Chairman Jerome Powell and the rest of the Federal Open Market Committee (FOMC) will decide. The interest rates set by the central bank and its prospects of the future months would likely influence the U.S. economy as well The post Jerome Powell Speech ...