Originally published on investing.com Not too long ago, Facebook (NASDAQ:FB) was mired in scandal, but considering the stock’s powerful rally this year, one can only concluded that investors have very short memories. Beginning in early 2018 the Menlo Park, California-based company's outlook became bleak, as politicians and regulators began scrutinizing Facebook after news of a massive data breach raised concerns regarding user privacy. As well, there were allegations of manipulation of its … [Read more...]
U.S. Dollar Tanks As Traders Worry About More Job Losses
By Kathy Lien Originally published on investing.com The U.S. dollar traded lower against all of the major currencies today after jobless claims topped 3.2 million. We’ve never seen weekly jobless claims at these levels before. They are more than four times greater than the prior high set in October 1982 and double the 1.5-million forecast. In anticipation of this blowout report, Federal Reserve Chairman Jerome Powell gave a rare broadcast interview on NBC’s Todayshow this morning to … [Read more...]
Gold Prices Fall as Uncertainty Over Sino-U.S. Trade Progress Continues
Originally published on investing.com Prices of the safe-haven gold fell on Friday in Asia as traders continued to monitor Sino-U.S. trade news. The U.S. Gold Futures fell 0.4% to $1,477.45 by 1:42 AM ET (05:42 GMT). On Thursday, U.S. President Donald Trump said trade talks were "moving right along", pushing global equities higher. Uncertainties over a deal remained, as the president’s comments this week sent mixed signals regarding the trade talk progress. Trump said overnight that … [Read more...]
