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The global economy could be in the early stages of another crisis. Once again, the US Federal Reserve is in the eye of the storm. As the Fed attempts to exit from so-called quantitative easing (QE) – its unprecedented policy of massive purchases of

Remember when Obama said it is impossible for the NSA to spy to American citizens? Well, at least one guy didn't get the memo. As AP reports, two U.S. officials said one analyst was disciplined in years past for using NSA resources to track a former

The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”. This means that, like stocks or shares, any profit from them is subject to Germany’s capital gains tax, at 25pc – unless

How close is the Federal Reserve to tapering? Was the central bank having any second thoughts about making a first move at its meeting in September or were they just nailing down the details? Financial markets will be poring over the minutes of the

When it comes to the Federal Reserve's monetary policy meetings (Federal Open Market Committee), most of the important information is published at the end of the meeting in the form of a brief statement . However, ever since Chairman Ben Bernanke

Back on July 17, the New York Fed, which as always operates based on the decisions and inputs of its Primary Dealer superiors, asked the Dealer community for their thoughts on the Taper, specifically when and how much. The survey has come back and

Central bankers from around the globe gather later this weekend in Jackson Hole in Wyoming. But for once, the absence of the Federal Reserve chairman means their annual get-together is not likely to spoil the summer holidays of traders on Wall

After halting trading for about three hours Thursday afternoon due to a technical glitch, the Nasdaq OMX exchange laid out a plan to resume trading. Trading on Atlantic American (AAME) began first at 3:00 p.m ET, following a 15-minute quote only

GBP/USD had another excellent week, as the pound gained close to two cents against the dollar. The pair crossed the 1.56 line for the first time since mid-June and closed the week at 1.5624. This week’s major release is Second Estimate GDP. Here is

Since hitting a four-year low of $1179 an ounce on June 28, gold has shown some strength, rallying 15% over the past month and a half to current levels around $1360. In a note to clients Thursday titled, "Gold and the Denver play: Gold Shrugs Off the

A common concern among equity investors cited by Wall Street strategists is that the market is only being propelled higher by the Federal Reserve's quantitative easing program, which has kept financial markets flush with liquidity for the better part

An eerie calm, after yesterday's dramatic swings, has settled over the capital markets. The US dollar itself is little changed against the major and most emerging market currencies, consolidating yesterday's losses. The selling pressure that took the

Spotlight on the economy: Claims, CPI and Philly Fed highlight data flood August 14, 2013, 4:28 PM You could be forgiven for ignoring Thursday’s wave of data and listening to Wal_Mart's earning call instead. But for those who prefer more quantifiable

U.S. authorities are considering arresting two former JPMorgan Chase & Co employees for their alleged role in masking $6.2 billion "London Whale" losses, according to two people familiar with the situation. In the latest twist in a scandal that has

Consumers aren't buying discretionary items like clothes right now. So says Macy's CEO Terry Lundgren as the company reported earnings that disappointed Wall Street for the first time in four years today. “Our performance in the period, in part

Somewhat ironically, the "punishment" of Goldman and JPMorgan has boiled down to the punishment, or lack thereof, of two Frenchmen. On one hand, we have Fabrice Tourre, who we are led to believe (laughably so) was solely-responsible for all

The US dollar is sold off across the board. There is no particular reason, but perhaps the lack of new tapering news weighs. After we got positive US figures and a known FOMC dove showing some hawkishness yesterday, today’s lack of news is hurting

Amazon.com CEO Jeff Bezos just spent $250 million purchasing The Washington Post. You may recall that Warren Buffett's Berkshire Hathaway is the largest and among the longest-tenured shareholders in the Washington Post Company, which owns the paper

While Europe, and especially Germany has been understandably "displeased" with having to provide billions in bailout upon bailout funding to Greece every year starting in 2010, all the more so following recent news that Greece has already spent some

With earnings season winding down and the employment report out of the way, the U.S. stock market is likely to shift into a lower gear next week. The earnings season so far has been largely positive with more than half of the companies that have