Gold futures post lowest settlement in more than 11/2 years

Gold futures on Wednesday finished at their lowest level in about 19 months amid a widespread downdraft in the metals market as the U.S. dollar extended its recent strengthening to a 14-month peak, weighing on assets priced in the currency. Gold futures for December delivery GCZ8, -1.32% lost $15.70, or 1.3%, to $1,185 an ounce, marking its lowest settlement since […]

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Treasury yields climb after plans for China and U.S. to renew trade talks

U.S. Treasurys slumped on Thursday, pushing yields higher, as demand for haven assets, and thus flows into U.S. government paper, abated after reports saying China and the U.S. would resume trade talks. The 10-year Treasury note yield TMUBMUSD10Y, +0.41% advanced 4 basis points to 2.891%. The 2-year note yield TMUBMUSD02Y, -0.16% gained 2.9 basis points to 2.633%, while the 30-year […]

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Turkish lira aims for third straight gain against the dollar

The Turkish lira rose against the dollar on Thursday, setting the troubled currency up for its third straight advance as hopes grew that the currency crisis in the country was stabilizing. On Wednesday, it was reported that Qatar had pledged $15 billion in direct investments for Turkey, in what could be a lifeline for an economy struggling with high inflation […]

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This solution could save millions of people from poverty in their old age

The foundation of our government, the U.S. Constitution, was the result of a collaborative effort among the states. Throughout our history, the states have worked together to address the needs of their residents. One example of this collaborative spirit has been the creation of state-based savings programs to help parents save to pay for college for their children or help […]

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‘America first’ — U.S. stock market outpaces global competitors

For all the talk of how America’s protectionism may sink this bull market in stocks, it’s still very much “America first” on Wall Street — at least as far as equities are concerned. As Charlie Bilello of Pension Partners recently pointed out, the median return among the major country-specific ETFs is minus 4% in 2018, with the S&P 500 SPX, […]

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Dow, S&P 500 halt 4-session skid as Turkish lira angst takes a breather

U.S. stocks closed Tuesday’s session solidly in the green, halting a multiday tumble for the three main equity benchmarks, which advanced as Turkey’s currency slide abated, allowing investors to focus instead on a healthy domestic economy and strong corporate results. The Dow Jones Industrial Average DJIA, +0.45% rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index SPX, […]

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Barclays trader reportedly took a $19 million hit from Turkish bonds

A trader at Barclays PLCBCS, -2.51% reportedly suffered a loss of around 15 million pounds ($19 million) from trading Turkish corporate bonds in the last few days, a casualty of the market tumult caused by the lira’s swoon. Tolga Kirbay, a senior credit trader at the British bank, took the hefty hit from trading Turkish corporate paper over three days […]

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SEC fines Ameriprise after its reps stole more than $1 million from clients

The Securities and Exchange Commission said Ameriprise Financial Services Inc. AMP, -1.04% will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by its representatives. Five Ameriprise representatives committed numerous fraudulent acts, including forging client documents, and stole more than $1 million in retail client funds over a four-year period, the SEC said. […]

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Asian markets retreat, weighed by sinking tech stocks

Asian stock markets started lowed Wednesday, even as worries eased over Turkey’s currency crisis. Benchmarks in Taiwan, Hong Kong and China were down about 1%, with tech stocks continuing to sell off. Japan’s Nikkei NIK, -0.95%  softened after slight initial gains, and was down 0.4% after jumping 2.3% Tuesday. The pullback comes as the yen has weakened some; the dollar […]

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Doing this one thing could make you a better investor — and it’s free

The best retirement financial advice you can get might be to get more sleep. That is the provocative implication of recent research that examined investors’ financial risk-taking following periods when their sleep was disrupted. I concede that advice to get more sleep is hardly new, since we’ve been hearing that most of our lives — and the advice is honored […]

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