Under a federal law known as civil forfeiture, the police can seize your assets if they believe they were obtained through illegal means — even if you haven't been convicted of a crime. In order to keep
(Kitco News) - Next week brings more attention to eurozone and Chinese economic data, and the results may serve to underscore the monetary policy divergence between the U.S. and the rest of the world.
The stock market’s powerful rally from the October lows has definitely impressed most professional analysts and the financial media. Some commentators that were recommending the short side of the market
Yesterday, 100,000 rioters clashed with police in Belgium over government austerity measures that will raise the pension age and reduce social services. These measures are, it was explained, “essential
In the early 1970’s, the financial industry was transformed by a strange confluence of events. In 1973, The Chicago Board of Trade opened the first options trading floor and, almost as if on cue, just
Who Got Rich This Week: Beneficiaries of a Publicis Buyout, CEO of a Rising Payroll Software Company
Low Earnings? No Problem Sapient Corporation, a Boston-based digital consulting and marketing firm, released third-quarter earnings Thursday, and the results weren’t impressive. Gross revenues did increase
A crabbing expedition turned tragic Saturday morning when a boat capsized off Northern California, killing four people, a Sheriff's Office spokeswoman said. A fifth person was able to cling to a rock was
For the past few years we have maintained that stocks are attractive compared to most other asset classes, particularly government bonds. One metric that supports our view is the high current spread between
In the last few days Bitcoin has dazzled, with record highs and steep declines. Though Bitcoin fell more slowly from its peak than I expected, the currency did manage to shed half its value in a roughly
The pound is up slightly today, after Britain’s chancellor of the exchequer opted not to tweak or call for a review of the the Bank of England’s inflation target of 2%. In his statement, George Osborne
Rosenberg has been a long-term Treasury bull because he's convinced inflation and interest rates will be low for a long time. But in a surprising twist, Rosenberg talks about inflation in his new note.
Matt Yglesias writes whenever I look at the trend in the personal savings rate I wonder to what extent the low inflation environment of the “Great Moderation” played a role. If people suffer from money
China posted a relatively rare trade deficit Imports exceeded exports (paywall) by a mere $900 million in March as part of the volatile—and difficult to parse—Lunar New Year period. But the update also
USA TODAY markets reporter Matt Krantz answers a different reader question every weekday. To submit a question, e-mail Matt at email@example.com. Q: Is the S&P 500 really at a new high, adjusted for
The real problem right now though, according to BofA Merrill Lynch economist Ethan Harris, is actually the opposite - disinflation (positive, but falling inflation rates). "For central banks," many of