News

A close over 158 on the GLD ETF (about $1,630 on the gold charts) would confirm that the wave four lows are in at the $1,520 area and the early stages of primary wave five to the upside have begun.
With the euro-zone sovereign debt crisis coming to a head the man voted the fifth wisest investor in the world by a Bloomberg poll was advising caution over any investment in the next 10 days when he addressed a conference in Vancouver on Wednesday.
World corn production will fall 0.7 percent after crop conditions deteriorated in the U.S., the International Grains Council forecast, reversing its outlook for the harvest to climb to a record.
BlackRock Inc., Fidelity Investments and Vanguard Group Inc., firms that collectively manage more than $7 trillion, are gauging how their clients have been hurt by Libor manipulation.
CME Group Inc., the world’s largest futures market, said second-quarter profit fell 17 percent from a year earlier as interest rates near zero reduced trading in the company’s biggest contract.
This year’s once-in-a-generation drought may leave many crop farmers largely unscathed as they are protected by taxpayer-subsidized insurance, a program Congress is moving to make more generous.
Visa Inc., the world’s biggest payments network, posted a fiscal third-quarter profit excluding legal costs that beat analysts’ estimates as card spending rose.
Ford, which reported a better-than-expected second-quarter profit on Wednesday, doubled its forecast for losses in Europe due to a deepening economic crisis that has pushed overall auto sales to their lowest level in nearly 20 years.
ECB President Mario Draghi said policy makers will do whatever is needed to preserve the euro, suggesting they may intervene in bond markets as surging yields in Spain and Italy threaten the existence of the 17-nation currency bloc.
Gold ticked up again on Thursday, its third session of gains, on investor hopes for additional stimulus packages to be released by central banks increased the yellow metal’s appeal as an inflation hedge.