Category: Money

Gold prices push slightly higher following 0.3% drop in U.S. PPI

The gold market continues to hold its ground with prices holding above $1,500 an ounce as pipeline inflation pressures fell sharply last month Tuesday, the U.S. Labor Department said its Producer Price Index (PPI) fell 0.3% in September, following August’s 0.3% rise; the data was weaker than expected with economists’

Amazon and Walmart want you to think they always have the best prices. A smaller competitor is showing otherwise.

Jeff Yurcisin spent 14 years rising up the ranks of Amazon. But now, as the president of discount shopping site Zulily, he’s trying to expose one of Amazon’s Achilles’ heels. Zulily is introducing a feature on Wednesday that aims to show online shoppers how much cheaper its prices are than

Dubai seeks investment to bolster flagging economy

With the highest tower in the world, grand commercial centres and artificial islands, Dubai projects an image of prosperity, even as the city-state races to court investors to bolster a flagging economy. Despite boasting the most diverse economy in the Gulf region, the emirate’s vital property, tourism and trade sectors

Federal government has dramatically expanded exposure to risky mortgages

The federal government has dramatically expanded its exposure to risky mortgages, as federal officials over the past four years took steps that cleared the way for companies to issue loans that many borrowers might not be able to repay. Now, Fannie Mae, Freddie Mac and the Federal Housing Administration guarantee

China says companies facing many difficulties due to trade frictions

BEIJING (Reuters) – Chinese companies are facing many difficulties due to trade frictions, Commerce Minister Zhong Shan said on Sunday. The United States and China have been locked in an escalating trade war for over a year. They have levied punitive duties on hundreds of billions of dollars of each

Yes, the market will eventually crash. Here’s how to be ready for the next one

A friend recently asked, “Ben, just between you and me, the market is going to crash, right?” My answer was a resounding “yes.” The stock market will definitely crash at some point. That’s just the nature of the beast. The logical follow-up question was this: “So can you tell me

Older millennials are driving home prices higher again

They might have waited longer than previous generations, but millennials are now showing a strong desire to become homeowners, especially older millennials. That is strengthening overall demand for the limited supply of homes for sale, and consequently reigniting the fire under home prices. Home price gains had been shrinking over

Why cutting Social Security benefits is a necessary evil

When it comes to Social Security, our nation’s most important social program, I’ve got good news and bad news. The good news is that, despite growing fears that Social Security could go belly up or be insolvent by the time future generations of workers retire, these concerns have no merit.

WeWork might be worth just half of its former $47 billion valuation

The office-rental company WeWork could end up being valued at less than half of what it is currently “worth” when it ends up going through with its much-watched IPO. The startup has long faced nagging questions about whether it’s been overvalued. According to a series of reports on Thursday, WeWork,