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  • Bullion bulls: This app turns gold into a digital currency

    'We're tapping into an $8 trillion market-- we're just digitizing it,' says Glint's co-founder Ben Davies. Chances are you're not lugging a heavy, gold brick into a coffee shop to buy your daily cup of joe. But one financial technology company based in London is making it possible to satisfy your caffeine fix, or purchase countless other goods, by using the yellow metal in digital form.

  • Dow, S&P 500 open lower as trade fears resurface

    U.S. stocks opened mostly lower on Friday with the main benchmarks on track to end the week roughly where they started. Investors turned cautious after a flood of new question marks surrounding government policy on both trade and the dollar, overshadowing positive quarterly results from General Electric and Microsoft. The S&P 500 fell 2 points, or 0.1%, to 2,803. The Dow Jones Industrial Average declined 62 points, or 0.3%, to 24,998. The Nasdaq Composite Index bucked the trends,...

  • Stocks close slightly lower, ending the week flat

    U.S. stocks closed slightly lower on Friday as new questions surrounding government policy on both trade and the dollar cooled buying appetite, despite positive earnings releases. The main benchmarks ended the week roughly where they started. The S&P 500 fell 2.66 points, or 0.1%, to 2,801.83 and is flat over the week.

  • 10-year, 30-year Treasury selloff, pushing rates to biggest daily jump in weeks

    30- year books largest weekly yield rise since period ended May 18. Long-dated government bond yields on Friday saw their most severe selloff in weeks, extending a recent climb, as investors grappled with President Donald Trump's comments criticizing domestic monetary policy and that of allies in China and Europe. The 10- year Treasury note yield climbed 5 basis points to 2.895%, its largest one-day yield rise since May 18, registering a weekly rise of 6.4 basis points, its...

  • Dollar sees biggest one-day drop in 3 weeks after Trump comments

    Investors wonder whether China could use yuan devaluation as a trade-war tactic. The U.S. dollar got pummeled on Friday after President Donald Trump accused China and the European Union of currency and interest-rate manipulation that he says has put the U.S. at a disadvantage. Dollar Index traded 0.7% lower to 94.478 after the tweets, marking its worst performance in three weeks.

  • Mortgage rates tick down, but can borrowers seize the opportunity?

    So far this year, the 30- year-fixed has averaged 4.42%. Rates for home loans ticked down as the bond market moved sideways and the housing market made little headway. The 30- year fixed-rate mortgage averaged 4.52% during the July 19 week, down one basis point, according to the weekly data from mortgage provider Freddie Mac.

  • Trump rips Fed rate hikes, but investors expect Powell to stay the course

    Powell's motives likely to be questioned regardless of what he does: analyst. A modest knee-jerk reaction aside, investors appear confident President Donald Trump's criticism of Federal Reserve rate increases won't alter the central bank's policy path. But it is possible that Fed Chairman Jerome Powell's job just got a lot harder.

  • Oil prices finish higher, but suffer third weekly decline in a row

    By Myra P. Saefong and William Watts, MarketWatch. September WTI oil become front-month futures contract. Oil futures settled higher Friday, finding some support as Saudi Arabia said it expects to reduce exports in August, easing some concerns of coming oversupply in the market.

  • U.S. oil prices climb, but end the week lower

    U.S. oil prices climbed Friday, extending gains from a day earlier when comments from Saudi Arabia's OPEC governor eased concerns over the potential for an oversupplied market. Rising U.S.-China trade war tensions, however, raised expectations of a slowdown in commodity demand, helping to pull prices lower for the week. August West Texas Intermediate crude rose $1, or 1.4%, to settle at $70.46 a barrel on the New York Mercantile Exchange.

  • Trump worried Fed will hike twice more this year: CNBC

    President Donald Trump's criticism of Federal Reserve interest-rate policy stems, in part, from his concern the central bank will follow through on its projections for two additional quarter-point moves this year, CNBC reported, citing an unidentified White House official. On the other hand, the official said White House aides are less concerned and have told the president that two more rate hikes won't cool down the economy to such a degree that it will be a political problem...

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