The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is driving prices higher faster, but forecasters say that may not last. Nationally, home prices increased
Month: August 2020
Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney is set to report earnings for its third
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A famous Bitcoin (BTC) skeptic has called for a gold-backed currency to save Turkey as its national fiat currency collapses. In a tweet on August 3, John Hopkins professor Steve Hanke argued that hard money was now the only way out for Turkey, which has spent billions of dollars propping up the lira (TRY). Hanke:
Gold and so are off low levels the US 5 yield has fallen below the 0.20% level to a low yield of 0.1949%. That is a new all time low. The high yield today reached 0.2232%. The fall yield has helped to send gold back up toward unchanged and trades above and below the unchanged level. Silver is also
Factory Orders in US rose more than expected in June. USD preserves its strength against its major rivals after the data. New orders for manufactured goods, Factory Orders, in the US rose by $25.5 billion, or 6.2%, to $437.2 billion in June, the data published by the US Census Bureau showed on Thursday. This reading followed
Dollar strength is the story today US dollar obituaries were written last week in a bizarre flurry of speculation after a relatively standard drop in the US dollar. There was far too much conflating the ultra long-term with the short term. In any case, cable was always going to be most-vulnerable to a correction because
Mumbai: India’s gold imports in July fell 24 per cent from a year earlier as a rally in local prices to a record high curtailed retail purchases amid lockdown in many towns to curb the spread of the coronavirus, a government source said on Tuesday. The world’s second-biggest consumer of the precious metal imported around
Dollar is having another rally attempt today and appears to be making some progress, at least against the relatively weaker Sterling. At this point, Swiss Franc is the strongest one, followed by the greenback. Australian Dollar is also firm after a non-eventful RBA rate decision. On the other hand, the Pound is the weakest one.
An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York. Al Bello | Getty Images Record-breaking job creation in May and June appear to be giving way to a more subdued pace, with a possibility that some of those gains even will be reversed. Current consensus
Clorox posted its strongest sales growth the company has seen “in modern history” after closing out its fiscal year in the middle of the coronavirus pandemic, CEO Benno Dorer told CNBC Monday. The consumer goods company, whose brand name is virtually synonymous with bleach, saw organic sales growth of 24% in the fourth quarter and
Major indices get off to a good start for the month of August The US stock indices are all closing higher with the NASDAQ leading the way to the upside. The NASDAQ is on a 4 day winning streak. The S&P and Dow have been up for 2 consecutive days. The S&P 500 is closing less than
According to Global Times Editor in Chief Hu Xijin, China threatened retaliation if all Chinese journalists based in the US are forced to leave the country, including targeting US journalists in Hong Kong. Hu said: “Given that the US side hasn’t renewed visa of Chinese journalists, Chinese side has prepared for the worst scenario that
Sales of Ripple’s XRP token in Q2 surged after hitting a low in the first quarter, while the firm’s On-Demand Liquidity network remains popular. According to Ripple’s quarterly report released on August 3, sales of the firm’s XRP token were 18.6 times higher in Q2 2020 compared to Q1. The crypto firm stated XRP sales
Editor-in-chief of the Global Times Hu Xijin with the tweet: From what I know, given that the US side hasn’t renewed visa of Chinese journalists, Chinese side has prepared for the worst scenario that all Chinese journalists have to leave the US. If that’s the case, Chinese side will retaliate, including targeting US journalists based in
Gold prices retreated from a record high on Monday after the dollar strengthened and investors booked some profits, with the focus now on proposals for new US coronavirus aid to extend relief benefits to jobless Americans. Spot gold fell 0.3% to $1,969.74 per ounce at 12:33 p.m. EDT (1633 GMT), having earlier hit a record
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