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Recession May Force Many to Take Social Security Earlier Than Planned
The chances of a U.S. recession are growing as the coronavirus pandemic hammers the economy, and it may end up killing a valuable strategy for many trying to grow their nest egg for retirement: delaying Social Security. Many older Americans preparing for retirement...
Your Crisis Safety Plan: Dump These Unsafe Dividends Now
There’s one investment you simply must not hold in this market crash — a highly speculative, high-yielding instrument called an exchange traded note (ETN). Does the name sound familiar? That’s probably because it sounds like “exchange-traded fund,” or ETF. But an ETN...
Marijuana Markets, A POTcast: Impact of Recession on Cannabis
Marijuana Markets: a POTcast features Banyan Hill Publishing analyst Anthony Planas, bringing you the latest cannabis industry news and investment advice. On this week's episode, Planas talks about the impacts of a recession on the cannabis sector as the coronavirus...
Closing Bell: Stocks Collapse Abruptly, Ending 3-Day Rally
The week's record rally ran out of gas Friday, even after the House passed the $2.2 trillion coronavirus stimulus package that President Donald Trump is set to sign today, plus more in today’s Closing Bell on Money & Markets. The Top Story Stocks dropped by as...
Bonner: Coronavirus Fears Spark Gold Shortages
While much of the rest of the world is at war with the virus, old friend Byron King notes that we are fighting a guerre du luxe down here in the valley… happily isolated from the enemy while enjoying the wonders of nature. We begin by noticing that this is a drôle de...
Your Crisis Safety Plan: Dump These Unsafe Dividends Now
There’s one investment you simply must not hold in this market crash — a highly speculative, high-yielding instrument called an exchange traded note (ETN). Does the name sound familiar? That’s probably because it sounds like “exchange-traded fund,” or ETF. But an ETN...
Marijuana Markets, A POTcast: Impact of Recession on Cannabis
Marijuana Markets: a POTcast features Banyan Hill Publishing analyst Anthony Planas, bringing you the latest cannabis industry news and investment advice. On this week's episode, Planas talks about the impacts of a recession on the cannabis sector as the coronavirus...
Daily Nuggets: Gold Swings but Heads for Best Week Since 2008
Gold was swinging up and down Friday on caution ahead of the weekend, and prices were set to post their biggest weekly gain since 2008 as economic damage expected from the coronavirus boosted bullion's safe-haven appeal. Platinum and palladium were on track for their...
Remember the 1 Product That Could Save Apple Shares? It’s Being Delayed
Apple shares have been through the wringer of late because of supply and demand issues, recently losing its spot in the $1 trillion valuation club as its stock has sunk amid the coronavirus market crash of the past month-plus. And the latest news from the tech giant...
Daily Nuggets: Gold Rises After Brutal US Jobs Report
Gold prices jumped to a two-week high on Thursday, after a record surge in U.S. jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic. Spot gold rose 1% to $1,630 per ounce as of...
Now Is the Time to Buy Gold as Fed Steps Up QE Measures
Gold futures pushed higher early this week, and analysts say now is the time to buy gold as selling has subsided. The Federal Reserve recently said it is increasing its asset purchase program “in the amounts needed to support smooth market functioning and effective...
Closing Bell: Stocks Collapse Abruptly, Ending 3-Day Rally
The week's record rally ran out of gas Friday, even after the House passed the $2.2 trillion coronavirus stimulus package that President Donald Trump is set to sign today, plus more in today’s Closing Bell on Money & Markets. The Top Story Stocks dropped by as...
Luongo: Negative Yields Come to the U.S. Because Gold is AWOL
If you are a long-suffering gold holder and have paid any amount of attention to the way gold trades, you are familiar with the phrase ‘failure to deliver.’ You’re probably also someone who refers to the COMEX as the ‘CRIMEX.’ And with good reason. The gold futures...
Opening Bell: Friday Morning’s Top News and Stocks to Watch
Fresh off the biggest three-day rally for the Dow Jones Industrial Average since 1931, futures are pointing to a drop to close out the week, plus stocks to watch today in the Money & Markets Opening Bell. The Top Story Uncertainty is creeping back into the market...
Is the Dow Rally Going to Rage On? ‘I’m Not Buying It’
The Dow Jones Industrial Average has been on a tear over the last few days and was flirting with statistically exiting the bear market it entered only two weeks ago, but is the Dow rally sustainable? Markets have been extremely volatile since crashing off record-highs...
Closing Bell: Markets Extend Rally as Wall Street Shrugs Off Job Losses
Wall Street pinned its hopes on a $2 trillion stimulus bill and brushed aside a record 3.2 million in job losses last week for a third straight day of gains, including the biggest three-day rally for the Dow since 1931, plus more in today’s Closing Bell on Money &...
Opening Bell: Thursday Morning’s Top News and Stocks to Watch
The U.S. Senate passed a $2 trillion stimulus package, but Wall Street is likely more concerned with an expected massive jump in jobless claims today, plus stocks to watch today in the Money & Markets Opening Bell. The Top Story A $2 trillion coronavirus relief...
Closing Bell: Rally Continues as Gov’t Closes in on ‘Emergency Relief’
Stock markets posted another rally for the second day in a row pending the Senate's passage of a $2 trillion package to support businesses and households that Majority Leader Mitch McConnell called "emergency relief" rather than stimulus, plus more in today’s Closing...
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Fed: US ‘May Well Be in Recession’ but Central Bank Won’t ‘Run Out of Ammo’
It didn’t take long for the global economy to plummet, but an economic recovery may happen just as quickly, according to Federal Reserve Chair Jerome Powell. Since the middle of February, it took 22 days for all three major indexes to fall into bear markets and the...
US Weekly Jobless Claims Soar to 3.3M, Crushing 1982 Record
The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to...
Bonner: US Stimulus Action Points to ‘Inflate-or-Die’ Future
One of these days, I’m going to climb that mountain And live up there amongst them clouds – Walter Brennan SAN MARTIN, ARGENTINA – The Calchaquí Valley is shouldered on both sides by mountain ranges. To the east are some of the most rugged mountains we have ever seen....
Fed’s Bullard Downplays ‘Unparalleled’ Shock. How Long Will Recovery Take?
St. Louis Federal Reserve President James Bullard said Wednesday the coronavirus pandemic will be a huge shock to the U.S. economy, but it will bounce back quickly once the dust has settled. "He is saying the black swan struck the economy and will just fly...
‘Help Is on the Way’: Senate to Vote on $2 Trillion Coronavirus Aid Package
U.S. senators will vote on Wednesday on a $2 trillion bipartisan coronavirus stimulus package to alleviate the devastating economic impact of the pandemic, hoping it will become law quickly. Top aides to Republican President Donald Trump and senior Senate Republicans...
2020 Olympic Games Postponed for 1 Year; Japan Faces Worst Recession Since ’08
Finally succumbing to pressure from athletes and member nations, the International Olympic Committee has announced the 2020 Olympic Games are postponed due to the coronavirus pandemic. The postponement will have a sweeping negative impact on Japan’s already struggling...
Bonner: Panicked COVID-19 Response Shows Stark Contrast to 1919 Flu Outbreak
And I looked, and behold, a pale horse! And its rider’s name was Death, and Hell followed him. And they were given authority over a fourth of the earth, to kill with sword and with famine and with pestilence and by wild beasts of the earth. – Revelation 6:8 SAN...
Recession May Force Many to Take Social Security Earlier Than Planned
The chances of a U.S. recession are growing as the coronavirus pandemic hammers the economy, and it may end up killing a valuable strategy for many trying to grow their nest egg for retirement: delaying Social Security. Many older Americans preparing for retirement...
The Best Ways to Spend Your Coronavirus Stimulus Payment
If Treasury Secretary Steven Mnuchin is right, millions of Americans will start receiving federal relief checks by mid-April, but what are some of the best ways to spend your coronavirus stimulus payment? While the amount each American will receive varies (we’ll cover...
Beat the Tax Man with Ted Bauman’s ‘Pay $0 Taxes’
Tax season has been extended three months due to the novel coronavirus pandemic, and Banyan Hill Publishing's Ted Bauman has the perfect resource to help get you the most out of your filing this year — and beyond. Bauman's book, "Pay $0 Taxes," contains a number of...
Coronavirus Panic Means Scams Galore. Here’s How to Protect Yourself
A national crisis like the ongoing COVID-19 pandemic can bring out the worst in people, and being more vigilant means you can protect yourself and your family from a tidal wave of coronavirus scams. “This is a prime opportunity for hackers to exploit fear, isolation...
Use This ‘Fast Crash’ to Boost Your Retirement Savings
The coronavirus crash has rocked financial markets — and retirement accounts across the country — but there may be a silver lining within the investing strategy known as dollar-cost averaging. Many people may not have retirement contributions on their minds as the...
3 Ways the Coronavirus Will Impact Social Security
The COVID-19 pandemic has made its way to the U.S. and while it has affected most facets of life, hammering the stock markets and the economy, the question remains: How will the coronavirus affect Social Security? There's no doubt the U.S. is reeling right now as...
Coronavirus Crushing Your Retirement Plans? Here Are 4 Ways to Max Social Security
While markets are in turmoil and your retirement accounts are looking a little ragged, there's another benefits program that will help bolster your funds in retirement, begging the question: How can I maximize my Social Security benefits? We've harped on how it's...