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If healthcare vote fails, would jeopardize 'Trump trades': Gundlach
finance.yahoo.com

If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday. "Surveys show that people believe the (Obamacare) repeal is the most likely part of Trump’s […]

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Asian stocks slide as fresh Trump jitters damage risk sentiment
finance.yahoo.com

Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump's economic growth agenda prompted investors to dump risky assets and rush to safe havens such as gold and government debt. "Asian stocks have had a good run so this is a good excuse to take some money off […]

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Markets fret as Trump agenda shows signs of cracks
finance.yahoo.com

The steepest pullback in stocks since the U.S. presidential election reveals investor angst about President Donald Trump's ability to push through major reforms, leaving stocks vulnerable to a long-anticipated correction. The S&P 500, in its second longest bull market ever, has risen close to 10 percent since the Nov. 8 election on optimism about Trump's […]

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U.S. judge signs Peabody bankruptcy exit after environmental deal
finance.yahoo.com

A U.S. judge formally approved Peabody Energy Corp's (BTUUQ.PK) plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsidiary. Under a last-minute deal with the U.S. Department of Justice, Peabody agreed to create a $43 million […]

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American Express escalates high-fee card competition
finance.yahoo.com

The new Platinum benefits will include richer credits for spending, access to more airport lounges, special dining and entertainment options and free use by family members of an American Express Gold card, according to Janey Whiteside, general manager of Global Charge Products, Benefits & Services for American Express. The changes, which will start on March […]

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Freeport Indonesia CEO resigns after force majeure on copper exports
finance.yahoo.com

Chappy Hakim, chief executive of miner Freeport-McMoran Inc's (FCX.N) Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport, which has been negotiating with the Indonesian government after halting exports due to new mining rules, said on Friday […]

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U.S. retail sales rise; inflation posts largest gain in four years
finance.yahoo.com

U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month. The economy's strengthening outlook was also bolstered by other data on Wednesday showing manufacturing and mining production rising last month as the […]

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Asia stocks, euro, dollar subdued as economic, political uncertainty hits
finance.yahoo.com

Appetite for stocks and the euro ebbed on Tuesday as political and economic uncertainty sent investors sheltering in the Japanese yen and gold, while expectations China's foreign exchange reserves had fallen for a seventh month added to nervousness. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan's Nikkei (.N225) […]

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Dollar, stocks hit by Trump's protectionist stance
finance.yahoo.com

The U.S. dollar fell to a seven-week low against a basket of other major currencies on Monday and global stock markets were shaky over investor concerns about protectionist rhetoric by U.S. President Donald Trump. U.S. Treasury yields slipped, with benchmark yields posting their biggest one-day drop in more than two weeks and gold rallied as […]

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Toshiba making preparations for sale of stake in chip business: sources
finance.yahoo.com

Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including private equity firm Silver Lake, […]

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Investors curb their enthusiasm ahead of Trump era
finance.yahoo.com

A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations. Longer-dated Treasury yields, which move inversely to the price of bonds, jumped to their highest levels in more […]

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Investors turn wary on Brexit, Trump uncertainty
finance.yahoo.com

Investors bailed out of sterling and stock markets in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over the terms of Britain's divorce from the European Union undermined appetite for risky assets. The dollar (.DXY) rose, except against the yen, rebounding after suffering its worst week since November […]

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Stocks, oil, gold start 2017 on firm footing, dollar resumes climb
finance.yahoo.com

Oil, gold and base metal prices also advanced, as signs of solid factory growth in China and Europe gave the global manufacturing sector a solid boost heading into the new year. The dollar pulled back 0.1 percent to 117.33 yen (JPY=D4) on Tuesday, after jumping almost 0.6 percent on Monday, its biggest one-day gain in […]

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Bonds suggest the gold bull market is over
finance.yahoo.com

Rate hike fears and a strong dollar trashed gold this week, driving down the metal and associated ETFs to the lowest levels since Brexit. The inverse relationship between gold and the dollar is well documented. Hence, the selloff in the yellow metal makes perfect sense in light o…

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Goldman: ‘Opportunity’ on gold’s plunge
finance.yahoo.com

Goldman Sachs Group Inc. says that a strategic buying opportunity may open up in gold should prices drop substantially below $1,250 an ounce, with bullion offering investors a way to protect themselves …

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Citi warns on gold on 40% odds of Trump win
finance.yahoo.com

Gold may be in for a bumpy ride in the final quarter as Republican candidate Donald Trump now has a 40 percent chance of winning the presidential election and investors will be preparing for the possibility …

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Funds dump gold at fastest pace since May
finance.yahoo.com

Gold investors seem to agree: Don’t fight the Federal Reserve.

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Cramer: The price of oil is manipulated, bogus
finance.yahoo.com

Jim Cramer revealed the truth behind the price of black gold.

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Gold Apple Watch owners on their obsolete watches
finance.yahoo.com

The 18-karat gold Apple Watch Edition has been discontinued, dead just a year and a half after it began.

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Lochte banned, loses $100,000 in bonuses
finance.yahoo.com

Ryan Lochte is banned from swimming through next June and will forfeit $100,000 in bonus money that went with his gold medal at the Olympics, part of the penalty for his drunken encounter at a gas station in Brazil during last month's games.

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Hedge fund giants have cut their bets on gold
finance.yahoo.com

A number of big-name hedge fund managers have cut back their bets on gold during the second quarter. Prominent hedge fund manager Stanley Druckenmiller, who now runs Duquesne Capital as a family-office hedge fund, closed his entire position in the SPDR Gold Trust ETF (GLD), whic…

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