The Swiss franc has been a top currency over the past six months, outpacing the dollar by 8.9% and the euro by 7.8%, thanks to shaky conditions in Europe. But some signs suggest the Swiss currency is due for a correction.
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The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin converting its $49 billion preferred stak…
David Tepper’s strongly bullish argument for stocks carries a special punch. Tepper’s reasoning is simple but persuasive. If the economy picks up steam, stocks should continue to rally. A relapse, meanwhile, would provoke furth…
Gold prices jumped to record highs Wednesday, a day after the Federal Reserve’s latest policy meeting.
The price of bullion reached a new record of $1,294.95 an ounce, before slipping to $1,293.10 an ounce, Reuters reported.
The Fed’s statement T…
Stocks closed mixed with little change on Tuesday after the Federal Reserve stood pat on interest rates and warned that falling prices are becoming a bigger concern. Tuesday’s meeting did little to give equities direction after…