Longevity annuities can be a good deal for seniors. But not many people buy them
MoMo Productions | DigitalVision | Getty Images American life expectancy is trending up — and that creates more financial risk for retirees, who must make their nest eggs last a longer time. An average 65-year-old today will live another 20...
Jeffrey Gundlach says inflation will stay above 4% through 2022
Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022. Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told...
Stocks making the biggest moves midday: Snap, Intel, Moderna, Digital World Acquisition Corp and more
Getty Images Check out the companies making headlines in midday trading. Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media...
XAU/USD Outlook: Gold Surges above $1800 on Weaker Dollar and Rising Inflation Expectations
Spot gold surged to the highest levels in 1 –1/2 months on Friday, lifted by a weaker dollar and a pick-up in inflation expectations, while the rally accelerated after taking out barriers at $1791/93 (Fibo 61.8% of $1834/$1721/200DMA) and psychological...
Forward Guidance: BoC to Ease Off the Monetary Policy Accelerator
Inflation concerns will likely be front-and-center at the Bank of Canada meeting next week. Near-term GDP growth has fallen short of the BoC’s forecast, with Q2 output coming in weaker than expected. Currently, Q3 is also tracking below the bank’s...
Watch Fed Chairman Jerome Powell speak live at a Bank for International Settlements conference
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Friday to the Virtual Bank for International Settlements’ South...
Markets Staying in Consolidations, Dollar to End the Week as Worst Performer
The forex markets are staying in consolidative mode today and could remain so before weekly close. Though, that would depend on whether US stocks would surge again with powerful buying. For the week, Dollar is currently the worst performing, followed...
CAD/CHF Could Edge Lower
The Canadian Dollar has surged by 1.81% against the Swiss Franc since October 8. The currency pair tested the resistance level at 0.7492 during this week’s trading sessions. Technical indicators suggest selling signals on the 4H time-frame chart. Most likely,...
NZD/JPY Likely To Make A Pullback
Upside risks have been dominating the NZD/JPY currency pair since the beginning of October. The New Zealand Dollar has edged higher by 7.23% against the Japanese Yen during this period. All things being equal, the exchange rate is likely to...
EUR/USD Finds Support In 1.1620
The support zone of the last week’s high and this week low levels kept the EUR/USD from declining. Namely, on Thursday, the rate found support in 1.1620 and started a recovery. By the middle of the day’s European trading hours,...
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