"The hoard dates to the late 1470s and was deposited during the conflict, fought between the Lancastrians and the Yorkists," Mr Mills said. "It is very unusual, comprising 21 coins with a face value of two shillings and threepence together with the gold ring," he added.
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019, according to data from the World Gold Council. Unusually, the two have steadily diverged over the course of the month, with the Chinese market remaining relatively firm despite pressure on international prices.
When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation "was up just an inch...hardly at all." Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year...
In some corners of the market, investors just don’t see how the Federal Reserve can lower inflation without risking high unemployment.
Investors are turning increasingly bearish on the state of the U.S. stock market as persistently high inflation and an aggressive Federal Reserve darken the economic outlook, according to Bank of America strategists.
A week of heavy selling has brought U.S. stocks and bonds to fresh bear market lows, with many investors bracing for more pain ahead.
The Federal Reserve Board hosts an event on Friday with representatives from a range of sectors to share their perspectives on how the pandemic has re-shaped the economy. Federal Reserve Chair Jerome Powell provides opening remarks, and Vice Chair Lael Brainard and Governor Michelle W. Bowman each moderate conversations with leaders from nonprofits, small businesses, and the housing and education sectors.
S&P futures, now clearly in widespread panic liquidation mode and searching for any excuse to sell off more, found one just after 2pm when Fed Chair Jerome Powell said that the US economy may be entering a “new normal” following disruptions from the Covid-19 pandemic.
The pair discuss liquidity, velocity, the Fed PUT, QT, who inflation hurts most, the stock market sectors most affected, who inflation hurts most and when recession hits.
U.S. agriculture has been facing a poor harvest this year, aggravating the global food supply crisis, industry executives have said.
It’s like a dam broke. And now higher interest rates and mortgage rates for much longer, with lower asset prices, as the Everything Bubble gets repriced.
The view from Costco Wholesale, the warehouse retailer known for its competitive prices, seems as good as any to start. And the comments made by CFO Richard Galanti on its conference call suggest the Fed will still be in inflation-fighting mode for the rest of the year, though perhaps a pivot could come next year.
The Composite PMI rose to 49.3 in September, up from 44.6 in August, solidly beating expectations of 465.1, and signaled a softer and only marginal decline in private sector business activity. The decrease was also the slowest in the current three-month sequence of contraction.
Goodnight Irene! Rampant inflation is really hurting American households (even Fed Chair Powell admitted as much yesterday), but because of inflation, The Fed’s counter-punch has resulted in …
Biden’s green energy policies (limiting supply) caused a tremendous surge in energy prices and food prices (one has to pay to get food shipped!). But in order for The Fed to cool inflation, they are in the process of tightening their loose monetary policy since late 2008.
The Great Central Bank Pivot is now underway around the globe, but it’s not the one Wall Street has been praying for. Instead of another round of easing juice to brake the obvious fall in economic activity, central banks en masse are racing to goose interest rates by 75 or even 100 basis points at a clip in order to quash the inflation surge. Just yesterday...
The best hedge out of an inflation-driven collapse of conventional investments is gold. The common belief that rising interest rates are bad for gold because it has no yield is disproved.
Elliott Wave International's Head of Global Research, Murray Gunn, explains how a decision by a clothing company whose product became a Wall Street icon might neatly bookend the bubble and presage debt-deflation.
As the Federal Reserve’s intensifying fight against inflation sinks every asset on Wall Street, investors are asking: Why buy now when things could get cheaper still?
Another hurricane has devastated Puerto Rico, with over one million people still without power as of Thursday morning
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