U.K. inflation is operating at the speediest pace since the early 1980s.
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The British pound plummeted on Wednesday to its lowest stage from the U.S. dollar considering that 1985.
Sterling fell to $1.14 in afternoon trade — a level not seen in 37 years — as traders responded to the U.K.’s darkening economic landscape with a new key minister at the helm.
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Traders work on the floor of the New York Stock Exchange. NYSE Stock futures traded near the flatline Tuesday night after the broad market S&P 500 notched a record close. Futures tied to the Dow Jones Industrial Average lost 24 points, or 0.05%. S&P 500 futures slipped about 0.05%, while Nasdaq 100 futures were little […]
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Gold and silver have rallied this year — and prices keep climbing. Gold futures for February delivery rose settled 0.8% higher at $4,505.7, after hitting a record of $4,530.80 per ounce. Spot gold was up 1.04% to $4,491.68 per ounce. Meanwhile silver futures for March advanced 4.59% and was last seen at $71.71 per ounce, while spot silver was last trading […]
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National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even though the U.S. economy grew at a much faster-than-expected pace in the third quarter. Hassett, a leading contender to succeed Federal Reserve Chair Jerome Powell when his term ends in May, said the artificial intelligence […]
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