Gold Gains as Fed’s Rate Comments Are Less Hawkish Than FearedFed holds rates steady, citing lack of inflation progress Forward guidance gives implicit nod to cutting rates Gold advanced as investors found comfort in the Federal Reserve’s signals that it will still pivot to lowering borrowing costs after gaining enough confidence that price gains are cooling. Officials unanimously decided to leave the target [...] READ MORE Private payrolls increased by 192,000 in April, more than expected for resilient labor marketKEY POINTS Private employers added 192,000 workers in April, better than the Dow Jones consensus outlook for 183,000 though a slight step down from the upwardly revised 208,000 in March, ADP reported. The firm’s wage measure showed annual pay gains up 5% from a year ago, the smallest gain since August 2021. Private payrolls increased [...] READ MORE McDonald’s and other big brands warn that low-income consumers are starting to crackMcDonald’s employee giving change to a customer. KEY POINTS Executives at some of America’s largest companies have said that consumers feel the pinch of higher prices. Their remarks come as sticky inflation poses a challenge for Main Street, Wall Street and the Federal Reserve. Some of America’s best-known corporations are saying their consumers are being [...] READ MORE Gold pulls back, traders hunker down for more cues on interest ratesGold retreated on Thursday as focus returned to chances of U.S. interest rates staying higher for longer, with traders also positioning for economic data that could influence the Federal Reserve’s policy path. Spot gold fell 0.5% to $2,306.69 per ounce by 1:48 p.m. ET (1748 GMT). U.S. gold futures for June delivery settled 0.1% [...] READ MORE Why hundreds of U.S. banks may be at risk of failureHundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. [...] READ MORE McDonald’s posts rare profit miss as customers turn pickyA McDouble burger is pictured at a McDonald's restaurant in the Fillmore District of San Francisco, California January 30, 2013. Summary Q1 same-store sales, profit miss estimates Relative superiority on affordability declined in some markets - CEO Rivals Restaurant Brands, Domino's Pizza top qtrly estimates April 30 (Reuters) - McDonald's (MCD.N), opens new tab [...] READ MORE Workers’ paychecks grew faster in the first quarter, a possible concern for the FedWASHINGTON (AP) — Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve. Compensation as measured by the government’s Employment Cost Index rose 1.2% in [...] READ MORE HBAR – Real World Asset Tokenization is HereTune in today for a much-requested update on Hedera Hashgraph with Brandon Hargreaves. Over the past week the price of the HBAR token doubled from 9c to 18c - what was the cause of this massive uptick in interest? What large companies are building projects on this amazing Distributed Ledger Technology, first previewed by Mike [...] READ MORE China’s $170bn gold rush triggers Taiwan invasion fearsBeijing on record 17-month buying spree in what experts say is a move to guard against sanctions US military officials warn that China aims to have the military capabilities to invade Taiwan by 2027 China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised [...] READ MORE « Previous 1 … 11 12 13 14 15 … 79 Next »