Economy

Gold demand surged to 11-year high on ‘colossal’ central bank buying

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold Demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to …

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Inflation euro zone January 2023 print ahead of ECB rate meeting

Inflation in the eurozone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | GettyImages Inflation in the eurozone dropped for a third consecutive month in January on the back of a significant fall in …

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Britain sets out plans to regulate the crypto industry in wake of FTX collapse

British Prime Minister Rishi Sunak speaks during a Q&A at Teesside University, on Jan. 30, 2023. Oli Scarff | Wpa Pool | Getty Images NewsS The UK formally laid out plans to regulate the cryptocurrency industry, with the government looking to rein in some of the reckless business practices that emerged over the past year …

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Central banks set to signal interest rate glide path in crucial week

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first …

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Stocks moving big after hours: SNAP, EA, AMD, WDC

Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | GettyImages Check out the companies making headlines in after hours trading. Snap Shares of social media company Snap sank 14% after the company …

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Millions of Americans earning $100K are living paycheck to paycheck: survey

More than half of Americans earning six-figure salaries admitted they were living paycheck to paycheck last year as high inflation slammed households, according to an alarming study released this week. As of the end of December, 51% of Americans with $100,000 or more in annual income said they lived paycheck to paycheck, according to the …

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Stocks making the biggest moves midday: Pentair, UPS and more

General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in midday trading Tuesday. General Motors — The automaker’s stock surged more …

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Employment cost index Q4 2022:

Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a barometer the Federal Reserve watches closely for inflation signs, increased 1% in the October-to-December period, the Labor Department reported Tuesday. That was a bit below …

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Stocks making the biggest moves premarket: McDonald’s, UPS and more

Nathan Stirk | Getty Images News | GettyImages Check out the companies making headlines before the bell. McDonald’s Shares dipped more than 1% after McDonald’s reported its latest quarterly results. The fast food giant topped earnings and revenue estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he expects “short-term …

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