China factory activity contracts for second straight month in Aug

The rebound in United States equities on Thursday is real, and it is one name deep. The NASDAQ 100 (NDX) trades near 27,950 after a gain of almost 3%, having printed its lowest level in two months in the 27,200 area inside the opening minutes. The Dow Jones Industrial Average (DJIA), which holds five of…

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 99.00 during the Asian hours on Tuesday. The Greenback gains safe-haven support amid escalating geopolitical tensions. This upside follows the expansion of United States (US)…

The views expressed in this paper are those of the authors and do not represent the views or policies of the Federal Reserve Bank of Minneapolis or the National Bureau of Economic Research. We thank Jason Dolatabadi, Harry Elworthy, Libby Miskin, Mariya Shappo, and Jonathan Wang for their excellent comments and research assistance. We appreciate…

Gold prices climbed Friday, putting bullion on course for a gain of nearly 5% this week, as bond market jitters, a softer dollar and renewed concerns over U.S. debt helped revive demand for the precious metal. Gold futures rose 1.67% to $4,647.70 in early trading Friday, while spot bullion prices notched a 1.55% gain, trading…

New Federal Reserve Chair Kevin Warsh “wants to do the right thing” but is facing a Fed board that might oppose him, the president said.

Ray Dalio, founder of Bridgewater Associates, has softened his stance on Bitcoin (BTC -2.55%) over the years. In 2017, he called it a bubble and said it’s “not an effective storehold of wealth.” But now, in an article he published on Aug. 21, he recommended that investors hold “a bit of Bitcoin,” as he believes…