Global stocks rose and the dollar fell on Wednesday after the U.S. Federal Reserve signaled it will move slowly to raise interest rates. KEEPING SCORE: Britain’s FTSE 100 advanced 1.7 percent trading to 6,206.87 while Germany’s DAX climbed 1.7 percent to 10,056.70. France’s CAC 40 gained 1.9 percent to 4,446.97…. Read More
[Exclusive] President Trump would be steroids for the stock market
By Stephen Dietrich, Managing Editor Stocks will tumble. Fortunes will be lost. If you believe what a leading financial publication reported recently, that’s exactly what could happen (at least in the short-term) under a Donald Trump presidency. But I don’t buy it for a second – and neither should you…. Read More
Former Intel CEO dies
Andy Grove, the former Intel Corp. chief executive whose youth under Nazi occupation and escape from the Iron Curtain inspired an “only the paranoid survive” management philosophy that saved the chip maker from financial ruin in the 1980s, has died. He was 79. Intel said Grove died on Monday. It… Read More
Huge $14 billion hotel deal announced
Marriott won over Starwood with a sweetened bid worth more than $14.4 billion just days after a Chinese insurance company appeared to steal it away from the hotel chain with a more lucrative offer. Starwood, which owns Sheraton, Westin and St. Regis, over the weekend became the first U.S. hotel… Read More
An Ominous Warning From Japan — Central Bankers Are Losing Control
By Zach Scheidt, Income Editor for Agora Financial If you haven’t opened up your recent copy of the “Tokyo Times”, you probably don’t know of an unusual phenomena taking place across Japan… I am not talking about a cartoon or the latest robotic invention, but rather an economic indicator that… Read More
Ex-employee says VW covered up emissions test cheating
Volkswagen deleted documents and obstructed justice after the U.S. Environmental Protection accused the company of cheating on emissions tests, a former employee alleged in a lawsuit. Daniel Donovan says in a whistleblower case that he was wrongfully fired Dec. 6, 2015 after refusing to participate in the deletions and reporting… Read More
Dozens accused in massive French auction conspiracy
Four Paris auctioneers and dozens of auction workers have gone on trial accused of a vast scheme to steal thousands of pieces of artwork and other valuable items worth millions of euros over several years. The works included a Courbet painting, Chagall and Matisse lithographs, and a 2.08-carat diamond. Workers… Read More
The financial crisis nobody learned from
A Conversation Between Michael Covel and Jim Rickards Covel: I’m delighted to have Jim Rickards with me today. Jim’s probably the world’s leading expert on currency wars and one of the world’s top financial analysts. Welcome to the show, Jim. Let’s look back to see how you got to this… Read More
Millennials trusting robots to invest their money
Computers help us decide what route to take to the grocery store, who to date, and what music to listen to. Why shouldn’t they also decide how we invest? Younger investors, particularly those born in the early 1980s to late 1990s known as millennials, are increasingly adopting apps and what… Read More
Mystery surrounds fiery death of energy CEO
Mystery and speculation have swirled following the fiery car accident that killed Aubrey McClendon, a natural gas industry titan and NBA team owner, after police say he drove his sport utility vehicle “straight into a wall” in Oklahoma City on Wednesday. McClendon’s death, which TMZ is saying appears to be… Read More
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