An accelerating decline in the US dollar is reverberating around the world, adding fuel to a global momentum rally that has boosted prices for everything from technology stocks to gold. The US dollar index, which measures the greenback against six other major currencies, is down around 9% from its March highs and is on track … Read more
By Jeanna Smialek and Deborah B. Solomon WASHINGTON: As the coronavirus began shuttering the global economy in March, critical parts of US financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities were well known, the legacy of risk-taking outside of regulatory reach. To head off a devastating downward spiral, the … Read more
By: Justina Vasquez The U.S. Mint has some advice for consumers: don’t keep the change. The bureau is asking Americans to start spending their pennies, nickels, dimes and quarters to tackle what it says is a coin-supply snag brought on by the coronavirus. Precautions taken to slow the pandemic have led to reduced sales activity … Read more
By Conrad de Aenlle Consider this opportunity: You can invest in a stock market that is greatly overvalued now but that could be only slightly overvalued next year if a lot of good things happen — during a time when a lot of bad things are happening. Are you in? This isn’t a thought experiment. … Read more
U.S. stocks fell on Tuesday, adding to losses into the close, as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its … Read more