The Bank of England and London's bullion banks plan to begin releasing data on the amount of physical gold actually stored within the London gold vaulting system. Will this data provide anything meaningful? Probably not.
Trump "broke the ice" with Chinese President Xi Jinping in a letter that marked the US president's first direct communication with the Chinese leader since he took office, in which he said he looked forward to working with him to develop relations.
While we would never be the ones to question the integrity of "independent" pollsters, how could we given the amazing job they did predicting the outcome of the 2016 presidential election, we're starting to grow a bit curious about the ever-widening gap in Trump's approval ratings between the various polling institutions.
Despite new sanctions by the Trump Administration and an escalating war of words regarding its ballistic missile program, Iran is continuing to push ahead with plans to maintain oil production at around 3.8 million bpd, the level agreed upon at the November OPEC meeting last year. In order to do so, Iran will need to attract billions in new investment, as its current production is based on aging fields and crumbling infrastructure.
Following a January announcement according to which the DOE planned to sell 8 million barrels of oil from the Strategic Petroleum Reserve, and which some speculated was the reason for the big buildup in crude inventories in the past several weeks, today the U.S. Energy Department said it will sell 10 million barrels of oil from the government's emergency crude reserve in late February.
Those waiting (im)patiently for the US Appeals Court to rule on Trump's immigration executive order following last night's hearing, during which the justices said they could deliver their decision at any moment, can exhale because as Reuters just reported, the Appeals Court announced it won't issue a ruling on the Trump travel ban today.
The DOJ is probing into potential fraud by individuals who worked in Deutsche Bank's mortgage unit in the run-up to the financial crisis. The investigation of former Deutsche staffers is a push to hold individuals accountable for their role in the housing crisis
An unexpectedly bearish BlackRock Chief Executive Larry Fink said the U.S. economy is in the midst of a slowdown and financial markets could see a significant setback. "I see a lot of dark shadows," he said at an event hosted by Yahoo. "The markets are probably ahead of themselves."
We are in the midst of an epidemic of fake news. Since at least Donald Trump’s election, our media have been in the grip of an astonishing, self-inflicted crisis. Despite Trump’s constant railing against the American press, there is no greater enemy of the American media than the American media. They did this to themselves.
The Trump administration is set to quickly approve multi-billion dollar weapons packages for Saudi Arabia and Bahrain blocked by President Obama during his final months in office over human rights concerns in both nations.