Gold prices are slumping – could they fall further?
Global stimulus, negative real interest rates and dollar weakness all helped gold rally to record highs this year.
Category Archives: Economy
Facebook voter misinformation vetting tool faulted as ineffective
Watchdog says Facebook not giving states all data they need to spot disinformation, including voter suppression efforts.
Uncle Ben’s rice gets rebrand after racial stereotyping criticism
Seventy-year-old brand is the latest company to drop a logo long-accused of promoting racial stereotypes.
US stocks mixed as Nike sets record, Tesla fails to lift
J&J shares trading higher after drug giant announced it has entered phase 3 trials for its potential COVID-19 vaccine.
Fed, Treasury chiefs: economy needs more COVID help from Congress
Powell and Mnuchin say the economy is rebounding, but more spending by Congress is likely needed.
US airlines to make plea for new bailout ahead of Oct 1 layoffs
US airlines will make a last-ditch bid to persuade Congress for a new $25bn bailout to avert thousands of furloughs.
Biden would end ‘artificial trade war’ with EU, adviser says
Democratic presidential nominee would also work to fix imbalances in agricultural trade between the two blocs.
Austerity could trigger double-dip recession, UNCTAD warns
A repeat of financial crisis era government spending cuts could foster even greater economic inequality, says UN agency.
Is Nigeria’s surprise interest rate cut enough to boost economy?
Nigerians have been squeezed by soaring food prices, while COVID-19 oil disruptions have added to US-dollar shortages.