Gold is poised for the first weekly decline in a month as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday, while mulling comments from other officials on monetary policy.
Three Fed policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, and a fourth said he wanted to avoid taking further action œunless we have to, foreshadowing a sharp debate with officials...
Investors are betting big on Boeing for now, and the Dow Jones Industrial Average was the beneficiary on Thursday.
The Dow finished the day up 0.2%, or about 50 points. But Boeing's shares were up more than 4.3% and added nearly 98 points to the blue-chip index by itself.
At the same time, the S&P 500 slipped a very modest 0.05% and the Nasdaq Composite fell 0.36%.
Boeing was surging because of its Tuesday announcement that it is marshaling a temporary workforce of several hundred...
Tokyo shares were treading water Friday as investors awaited a key address by the US Federal Reserve chair, who has come under pressure from the White House to cut rates.
The benchmark Nikkei 225 index fell marginally, slipping 0.01 percent or 2.41 points to 20,625.60 in early trade, while the broader Topix index added 0.08 percent or 1.13 points to 1,499.19.
Source : AFP
Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal.
"Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...
President Donald Trump is considering cutting US $ 4 billion in foreign aid because he considers wasteful, unnecessary. But finally he finished compiling his plan was opposed by the American Congress.
"The president has explained about waste and asking for our foreign assistance, and asks that we have to spend the aid money," said a senior White House official.
But after making an important contribution the Republicans and Democrats announced support for the effort, Trump finally gave...