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Oil prices surged more than 6% on Thursday after reports that an Iranian missile shot down a U.S. spy drone over the Strait of Hormuz, raising concerns about the possibility of an impending military...
Prepare for a possible “borderline recession” if the U.S. and China don’t come to a trade deal soon, says UBS’ Art Cashin. President Trump and his Chinese counterpart are set...
The Morgan Stanley Business Conditions Index fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record. “The decline shows a...
The S&P 500 (^GSPC) rose 0.41%, or 11.8 points, as of market close, with the energy sector leading advances. The Dow (^DJI) increased 0.39%, or 101.94 points, while the Nasdaq (^IXIC) advanced...
What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment...
Spot gold rose 0.5% to $1,336.64 per ounce. U.S. gold futures settled $9.10 higher at $1,342.70.“Ongoing concerns regarding global economic growth is supporting gold at the moment,” said...
“The worse case scenario would probably be [oil prices] breaking back into the mid-$40s. That would be a pretty hard psychological barrier to cross and we would really need to see a lot of these...
2020, a year you might want to keep your eyes on. It’s a pivotal year of presidential elections in the USA. And if you haven’t heard already, there are plenty of candidates ready to tax...
Stocks pulled back on Wednesday as trade worries increased while declines in Qualcomm (NASDAQ:QCOM) and retailer shares also dampened market sentiment.The Dow Jones Industrial Average fell 100.72...
Stocks rose on Thursday as sentiment was boosted by strong earnings from Walmart (NYSE:WMT) and Cisco Systems (NASDAQ:CSCO) while banks climbed on higher rates.The Dow Jones Industrial Average closed...
Despite repeated parliamentary votes to rule out the prospect of the U.K. leaving the European Union without a deal in place to govern its relationship with the bloc, the revived threat of a...
With the MSCI China Index lower by 9.56 percent this month and residing 18.5 percent below its 52-week high, some aggressive traders and investors may be thinking Chinese equities are starting to look...
Crude oil production by the Organization of the Petroleum Exporting Countries edged up by 30,000 barrels a day to 30.26 million barrels a day in April, according to an S&P Global (NYSE:SPGI)...
With few exceptions, most Exchange Traded Funds (ETFs) have done very well so far in 2019. For investors who took advantage of the opportunity in ETFs that follow the S&P 500 or similar large-cap...
The S&P 500 Index (SPX) has pulled back from near record highs in recent days amid President Trump’s threat to hike tariffs on Chinese goods, but much steeper declines may be ahead,...
Central banks are stocking up on gold. According to the World Gold Council, net buying by central banks reached 145.5 tons in the first quarter of 2019. That’s a 68% increase over last year. And...
First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar.Global gold reserves rose 145.5 tons...