Investors focus on Powell’s comments which put gold back into rally mode

Investors focus on Powell’s comments which put gold back into rally mode

Today gold futures are trading solidly higher as market participants react to Chairman Jerome Powell’s speech at the Hutchings Center on Fiscal and Monetary Policy, held at the Brookings Institution in Washington. Market participants focused intently on his remarks which alluded to a dynamic change in the Federal Reserve’s monetary policy. “Thus, it makes sense … Read more

The world’s most, and least, expensive cities

The world’s most, and least, expensive cities

To read more of The Economist’s data journalism visit our Graphic Detail page EVERYBODY IS FEELING the pinch. Prices in big cities around the world have risen by an average of 8.1% in local-currency terms over the past year, according to the latest Worldwide Cost of Living Survey from EIU, our sister company. Vladimir Putin’s … Read more

Powell on slowing down: the Fed doesn’t want ‘to overtighten’ and then cut rates too soon, so slower rate hike pace makes sense

Powell on slowing down: the Fed doesn’t want ‘to overtighten’ and then cut rates too soon, so slower rate hike pace makes sense

(Kitco News) Federal Reserve Chair Jerome Powell sent a very clear message to the marketplace during his speech Wednesday — he doesn’t want to overtighten and then be forced to cut rates too soon. And this is why slowing down the pace of rate hikes makes the most sense at this point in time. “I … Read more

BRP says consumer demand still strong despite recession worries

BRP says consumer demand still strong despite recession worries

BRP’s CEO says “consumer demand remains healthy,” despite recession concerns. (THE CANADIAN PRESS/Ryan Remiorz) Ski-Doo and Sea-Doo maker BRP Inc. (DOO.TO) says demand for recreational products remains strong despite concerns about a recession, as the company hiked its full-year guidance following record results. “Consumer demand remains healthy, despite the ongoing macroeconomic concerns,” BRP chief executive … Read more

‘I didn’t ever try to commit fraud on anyone,’ FTX founder Sam Bankman-Fried says

‘I didn’t ever try to commit fraud on anyone,’ FTX founder Sam Bankman-Fried says

The man at the center of collapsed cryptocurrency exchange FTX made his first public appearance since the saga began, telling a New York audience on Wednesday that it was never his intention to commit fraud. Sam Bankman-Fried, the 30-year-old founder of FTX, appeared at the New York Times’ Dealbook Summit on Wednesday, for an interview … Read more

Fergus woman considering death over pain and poverty

Fergus woman considering death over pain and poverty

Jacqueline Holyoak is considering medically assisted death due to a quality of life ruined by fibromyalgia and ‘unlivable’ ODSP payments FERGUS – A disabled Fergus woman’s quality of life living on Ontario Disability Support Program (ODSP) payments has diminished to the point where she’s in the process of getting approval for medical assistance in dying … Read more

Here’s what history says about stock market performance in December

Here’s what history says about stock market performance in December

US stocks are wrapping up a good November that saw equities to bounce off their 2022 lows set in October, with optimism building that the momentum will cement a year-end rally. Indeed, there’s been a lot of talk about seasonal tailwinds and how they might — or might not — work to the advantage of … Read more