Gold prices to fall 8% to $1100 in 2017 – World Bank

The gold market continues to hold onto support above $1,200 a troy ounce; however, one international financial institution thinks it is only a matter of time before prices fall another $100. In a report published Tuesday, the World Bank said that it sees the entire precious-metals complex falling 7% this year, with gold leading the way with […]

Trump kills TPP, Obama’s signature Trans-Pacific Partnership trade deal

President Trump upended America’s traditional, bipartisan trade policy on Monday as he formally abandoned the ambitious, 12-nation Trans-Pacific Partnership brokered by his predecessor and declared an end to the era of multinational trade agreements that defined global economics for decades. With the stroke of a pen on his first full weekday in office, Mr. Trump […]

Trumponomics 101

By Gary Wagner According to Investopedia, “Trumponomics describes the economic policies of U.S President Donald Trump, who won the November 8, 2016 presidential election on the back of bold economic plans such as cutting personal and corporate taxes, restructuring US trade deals and introducing large fiscal stimulus measures focused on infrastructure and defense.” This term […]

Lawsuit challenges Trump’s foreign-government profits

A liberal watchdog group filed a lawsuit Monday arguing that President Donald Trump is violating the Constitution’s ban on officials accepting benefits from foreign governments. The suit, backed by several prominent Consitutional scholars, claims that Trump’s business dealings with foreign countries who rent space in his buildings or lend money to his real estate ventures […]

Taiwan’s Foxconn may invest $7 in US and employ over 30,000 people

Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put “America First” in his inauguration speech on Friday, […]

Trump puts the wolves of Wall Street in charge of America’s economy

By Steven Pearlstein In announcing the appointment of Carl Icahn as his new adviser on regulatory reform, President-elect Donald Trump characterized the Wall Street legend as “one of the world’s great businessmen.” By Trump standards, it was a minor mischaracterization, one that confused the Main Street world of business, where value-adding goods and services are created […]

Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months

by Molly Schuetz and Spencer Soper Inc. said it plans to hire more than 100,000 people in the U.S. in the next 18 months, becoming the latest company to announce hiring plans in the wake of Donald Trump’s election. The staffing up isn’t particularly surprising for a company pushing into multiple categories from groceries […]

Market takeaways from Donald Trump press conference

Beneath a Starbucks and next to a Gucci shop, Donald Trump stood at the podium and uttered a request for respite. “Gimme a break,” he said, during his combative press conference in the atrium of Trump Tower. The dollar, biotechs and shares in Lockheed Martin themselves endured a bruising time on Wednesday and investors were […]