Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
Gold scored a modest gain on Thursday, held in check by both a firmer tone to stock markets and caution ahead of a U.S. jobs report on Friday.
Stocks rallied on Wall Street as a better-than-expected report on weekly U.S. jobless claims boosted confidence the economy was improving, curbing some interest in gold as an alternative asset.
It took support however from a rise in the euro versus the dollar after European Central Bank President Mario Draghi said the euro zone economy was proving resilient vis-à-vis emerging markets. Earlier the ECB held its main interest rates at 0.25 percent.
Spot gold was last down 0.8 percent to $1,257 an ounce, pulling back from a near two-week high of $1,273.26 on Wednesday. U.S. gold futures for April delivery settled 30 cents higher at $1,257.20 an ounce.
A mixed bag of U.S. data has left investors on edge this week, adding to pressure stemming from the emerging markets turmoil. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
Investors are now eyeing the Friday release of U.S. nonfarm payrolls data, a key gauge of the labor market, as any setback in economic growth could prompt the Federal Reserve to slow the pace of its stimulus tapering.
For more information on precious metals, please click here.