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As major cities in Iraq came under siege by Islamist militants, oil prices surged to new highs for the year. The Obama administration indicated U.S. military airstrikes in Iraq may be forthcoming. Meanwhile, safe-haven investors rotated out of equiti… Keep Reading
The European Central Bank has announced that it would slash interest rates paid to banks on their deposits with the ECB to below zero. That’s right, negative interest rates! Banks will have to pay 0.1% on their reserves held at the ECB.… Keep Reading
Coming out of the 2008 financial crisis, it hardly seemed fathomable that a third mania in U.S. stocks would begin. The really strange thing about this particular stock market boom is that there is virtually no confirmation of it in the real economy.… Keep Reading
Russian President Vladimir Putin visited China to seal a $400 billion natural gas export deal with the energy-hungry nation. The agreement will give Russia an outlet for bypassing sanctions imposed by the U.S. It will also give both Russia and Chin… Keep Reading
It was announced on Wednesday that the London Silver Market Fix will shut down. The London silver fixing has been used as a benchmark price for over 100 years. But with 24-hour spot market quotes now available as metals are traded around the world, t… Keep Reading