Powell, Gold and Dollar
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Stocks and Bonds Rally, Dollar Fall
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The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to such a move.
Talk about privilege. The dollar is not just the currency of the United States; it is what's called the world's "reserve currency," where people and institutions park their money. But there's concern that policies out of Washington could erode that status to the benefit of the euro and China’s currency , the yuan.
Kenya is in talks with China to convert dollar-denominated debt the East African nation owes its biggest bilateral lender to yuan and extend the repayment period, Treasury Secretary John Mbadi said.
The Dollar Lake Fire was reported at about 20-30 acres Thursday afternoon. By Friday evening, it had blown up to more than 10,000 acres, pushing south
Oct 1 in Columbus, Forbes gathers top leaders in business, entertainment, sports & tech for four days of learning and networking. Register today.
A multi-billion-dollar project to clean up Pittsburgh's rivers and streams has been talked about for decades. Now it's finally moving forward.
The South African rand strengthened on Friday, boosted by a weaker dollar and a rebound in gold prices, after U.S. Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting.
The ruling freed Trump and his family from an enormous financial burden that once threatened to wipe out all his cash and force a fire sale of some of his most prized businesses. Since he won back the presidency, his net worth has increased by billions of dollars thanks to his cryptocurrency ventures.