The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
Gold prices inched higher as hopes of a swift Brexit deal boosted the sterling and the euro against the dollar, making bullion cheaper for buyers in Britain and the euro zone.
Michel Barnier, the European Union's chief negotiator, said an agreement on Britain's exit from the bloc was "realistic in six to eight weeks."
Gold has tumbled more than 12 percent from a high of $1,365.23 in April as trade disputes, weak emerging market currencies and rising U.S. interest rates have driven a dollar rally.
Gold prices briefly dipped on Monday as investors sought safety in the dollar on trade tensions, said Walter Pehowich, executive vice president of investment services at Dillon Gage Metals.
U.S. President Donald Trump said on Friday he was ready to impose tariffs on virtually all Chinese imports, prompting a threat by China to retaliate.
China's yuan fell again on Monday as investors assumed that the United States had less to lose from a trade war than China, the world's biggest gold consumer.
Also supporting the dollar was strong U.S. jobs data on Friday, which suggested that the Federal Reserve would continue to raise interest rates.
Higher rates increase bond yields, making non-yielding bullion less attractive, and tend to boost the dollar. A rate increase is expected this month.
Speculators have ramped up bets on lower prices, with their net short position in Comex gold the biggest since the data were first compiled in 2006.
Until spot gold prices hold above the $1,220-$1,235 range, they would not rise, said Tyler Richey, co-editor of the Sevens Report.
Holdings of gold-backed exchange-traded funds are down almost 5 million ounces, or 8.6 percent, from a May high.
"If we get some sort of favorable resolution or at the very least a solid step forward in trade negotiations, that could help initiate that dollar pullback," supporting gold, Richey added.