Buck Bully
[Barrons, Bloomberg] The dollar has been weakening in recent months and currency strategists see more declines ahead. That could call for a different playbook for investors, including more foreign holdings. In a note to clients on Monday, Goldman Sachs ’s currency strategists forecast a 5% weaker dollar in trade-weighted terms during the next […]
[CNBC, AP] On Friday, Trump signed four executive orders designed to bring U.S. drug prices at least on par with their costs overseas. Trump has made lowering drug costs one of his key health-care issues early in his term. The comment by Bourla came after the company reported better-than-expected second-quarter earnings and raised […]
[NPR, AP] In uncertain economic times, investors tend to put their money in gold. So it’s perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn. Gold prices have […]
[US NEWS, GETTY IMAGES] If you’re industrious and innovative, these strategies can get your money working for you. SO YOU’VE BEEN TRYING to think of passive income ideas. And why not? It’s practically the American dream. We all want to lie in a hammock and make money without actually doing anything. […]
[CNN] The owners of the Southwest Soda Pop Shop had run out of options. At the very moment their ice cream shop was set to ramp up for the summer season, their customers had dropped to as few as one per day as the coronavirus pandemic spread through Washington, DC. […]
[The Motley Fool] That doesn’t mean the economy is going to come roaring back. Unbelievably, stocks have recouped just about all of their losses from the coronavirus crash. The NASDAQ reached an all-time high, topping 10,000 earlier this week, and until Thursday’s plunge, the S&P 500 was in positive territory for the year, down […]
[Forbes] Central bankers look set to go on a gold buying binge this year in the wake of the Covid-19 pandemic, new research shows. And the leading reason for the likely desire to buy bars of bullion is fear of another financial crisis, according to a recent report from industry […]
[Life Hacker, TND] After months of discussion, a brief period of optimism, and then the onset of a global pandemic, it’s official: We’re in a recession. The National Bureau of Economic Research (NBER), which studies the peaks and valleys of the U.S. economy to make this determination, declared it yesterday. “The […]
[The Wall Street Journal] The economic situation for black workers was fragile even before the downturn, which means recovery might be slower Near the end of a decadelong economic expansion, African-Americans were finally finding some financial stability. Unemployment had reached record lows, and their wages had begun rising modestly. Anthony Steward, […]
[Bloomberg, Getty Images] The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely […]