(Publisher: J.D. Hayworth, fmr. Az Congress, is a new talking head???) Financial commentator talks about what to expect in the coming weeks after last week's wild ride on Wall Street. Also, will the Feds raise interest rates
Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.
Ottawa (AFP) - Reeling from low oil prices, Canada fell into a recession in the first half of the year, government data confirmed Tuesday, putting Conservative Prime Minister Stephen Harper on the defensive in the run-up to October elections.
World stock indexes and oil prices slumped on Tuesday as weak Chinese data fueled worries about a slowdown in its economy, the world's second biggest, and sparked more market turmoil.
The slump that dragged the Standard & Poor's 500 Index to its worst month since 2012 is set to worsen, U.S. futures indicate, amid continuing concerns about the impact of China's slowdown on the global economy.
China has unveiled a slew of "confessions" from brokers and journalists as authorities struggled to contain the biggest stock market sell-off since 2008.
Witch Hunt Review
Options traders have never been so pessimistic on China's stock market, betting the government's renewed effort to prop up share prices is doomed to fail.
Last weekend, we explained why it really all comes down to the death of the petrodollar.
Having recently explained (in great detail) why QE4 (and 5, 6 & 7) were inevitable (despite the protestations of all central planners, except for perhaps Kocharlakota - who never met an economy he didn't want to throw free money at),....
My father, a New York financier, used to call dubious stocks or bonds, "Chinese paper." Last week, we saw a blizzard of Chinese paper, both in China and around the world.
One narrative we've pushed quite hard this week is the idea that China's persistent FX interventions in support of the yuan are costing the PBoC dearly in terms of reserves.
"The Donald" breathed a sigh of relief yesterday.
Xi just changed the rules of the game in China -- and that makes things scarier for everyone
The U.S. stock market is catching its breath Thursday morning -After several volatile days with huge swings in both directions, the Dow opened up a relative tame 200 points while the S&P 500 and Nasdaq both posted gains above 1%.