Topic: U.S. Dollar
Top galleries, list articles, quizzes
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How the world is reacting to Obama's reelection
From China to Iran, President Obama's reelection elicited everything from celebration to doubt about his second-term agenda. Here are 11 responses:
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Obama vs. Romney 101: 4 ways they differ on China
China's rise has led President Obama to “pivot” his foreign policy toward Asia, hoping to enhance US power and expand its cooperation with China. Romney speaks more in terms of confronting a country whose interests often clash with those of the US.
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Ron Paul vs. the Federal Reserve: four epic moments
Ron Paul hasn't been the Federal Reserve's only critic, but he ranks among the most consistent and persistent in his charge that the Fed has debased the dollar and destroyed the wealth of Americans.
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Top 5 ways to save on your summer vacation
If you're pining for a summer vacation but worried about costs, consider how Wayne and Pat Dunlap of Del Mar, Calif., managed to tour 51 countries over two years, marvel at the Egyptian pyramids, scale a New Zealand glacier, and visit Laotian Buddhist monks all for less than $100 a day. "We often stayed at guesthouses and hostels, ate at local family restaurants, took public transportation, and in some cases, traveled on cruise ships offering reduced rates," says Mr. Dunlap, author of the travel book "Plan Your Escape." This year amid price worries and higher summer airfares, especially to Europe such ingenuity could prove essential. Here are five cost-cutting strategies that can help:
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Six reasons to keep America as No. 1 superpower
Many around the world say American decline would preserve global stability through a better balance of power. They’re wrong, says Steve Yetiv, a political science professor at Old Dominion University. It’s not that other countries or international institutions can’t play vital roles. They do. But they can't yet do what Washington does around the world, Yetiv says. Here he gives six examples.
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Gas prices lowest since January, but oil soars
Gas prices hit a $3.35 national average – the lowest since Jan. 6. But oil prices soared Friday, hinting that gas prices may be back on the way up.
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World markets surge after Europe finds rescue plan
Financial markets around the world jumped higher Friday with the Dow Jones industrial average climbing 277 points, closing at 12,880, and the Standard & Poor's had its best day of the year. Stocks advanced even further in Europe.
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Gold prices drop after Obamacare ruling, Euro summit
Gold prices for August delivery fell $28 to finish at $1,550.40 an ounce. Gold prices and other commodities fell after after the US Supreme Court ruling on health care and a European summit meeting heightened concerns about demand for basic materials.
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Saving Money
New? No thanks! 14 things you should always buy usedWould you like to be $5,000 to $50,000 richer by this time next year? It might be as simple as thinking "pre-owned" rather than new. Here's a list of things you should never buy new -- see if you can add to it.
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Gas prices poised to drop below $3 a gallon, as Fourth of July holiday nears
Gas prices in South Carolina are already at $2.98 a gallon, while the national average on Wednesday was $3.38. A decade-high number of travelers could hit the road for the Fourth of July holiday.
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Stefan Karlsson
Given political restraints, the Fed has little actual powerUsing current methods, under current political restraints, government inflation is not feasible to any real extent. Barring a more clever scheme, the Fed lacks the power to generate the kind of extra monetary inflation some on the left have called for.
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Oil prices increase, but stay near 8-month lows
Oil prices made small gains above $78 a barrel Friday but remained near eight-month lows after signs of slowing global economic growth triggered a sharp plunge this week. Most indicators hint at a continuing slide for oil prices.
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The Daily Reckoning
Are ready for this? Time for round two of the Fed's stimulus planMarkets soar when the Fed hints at more money, and crash when it hints that it will sit still. When you operate with an elastic currency, and expand credit 50 times in 50 years, Bill Bonner warns, don't be surprised when the market inevitably falls over.
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Investors lukewarm on latest Fed move
Stocks saw no pickup from Bernanke's announcements today.
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Fed's latest action doesn't impress investors
The Federal Reserve's latest plan to help the economy failed to impress Wall Street on Wednesday, as stocks finished slightly lower for the day, and not much better than they were before the Fed announcement. The Dow closed down 12 points to end at 12,824.
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Stocks jump nearly 100 points on hopes of Fed action
Optimistic traders turned their focus back to corporate news from the US as banks and materials stocks led the market higher.The Dow Jones industrial average soared 95 points to 12,837, its highest close in a month.
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Oil prices slide as hopes for Greece fade
Oil prices fell near $83 per barrel Monday as worries lingered over the eurozone debt crisis despite optimism over Greek election results. Benchmark oil prices for July were down $0.75 to $83.28 a barrel.
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The Reformed Broker
CNBC commentator calls for 'King Dollar.' But is it enough?Larry Kudlow has been pounding the table for a stronger US dollar as the way to beat the recession. But now that the dollar has bottomed out, why isn't the recovery sticking? Lowering taxes might be a good place to start.
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The Daily Reckoning
Argentina plays fast and loose with inflation factsArgentina's hard-charging president Cristina Fernandez de Kirchner has instituted new policies that place stringent controls on foreign-currency purchases, while insisting citizens convert their US dollars to pesos. The Daily Reckoning team is skeptical.
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Dutch bank pays steep price for ignoring US sanctions on Iran and Cuba
Dutch bank ING has agreed to pay a record $619 million fine after admitting that it moved money from Iran and Cuba through US banks despite sanctions forbidding the practice.
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Argentina clamps down on public access to US dollars
Argentina's government has implemented currency controls to constrain citizens' ability to sell pesos and buy dollars, reigniting a crisis of confidence in the currency.
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Euro rally fades after Spain bank rescue
Over the weekend, European countries agreed to lend up to $125 billion to Spain to help its crippled financial industry. Traders are concerned that it's only a temporary fix for the European debt crisis.
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Oil prices edge down, near October lows
Oil prices close at $84.10 a barrel, weighed down by global economic weakness and rising production. Oil prices are now 25 percent below their high in February.
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Happy Wednesday! Dow leaps 286 points, best day of the year
The rally started early and gathered force in the afternoon. The charge turned the Dow positive for 2012 and erased the biggest loss of the year less than a week after it happened to close at 12,414..
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Global News Blog
Oil prices rise, drop, and rise again. Buckle up, Earth.Predicting global oil prices is not easy. Prices have more to do with global politics -- and supply and demand -- than with politicians, but voters take out their anger on the leaders they can reach.
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Will central banks act? Markets say yes.
Although the European Central Bank kept interest rates steady, stock and commodity markets were buoyed by optimism that central banks will provide stimulus to a weakening global economy.
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The Daily Reckoning
Ready to pop? The subprime student loan bubble balloonsThe feds pay for GIs to go to school. They give grants to the schools themselves. And they hand out hundreds of billions in loans, at low teaser rates to students; sometimes to students who are unqualified and unlikely to get much out of it.
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Calm returns to Wall Street, trading closes with mixed results
The Dow Jones average opened at its lowest level since December after a 275-point sell-off on Friday ignited by grim economic signals, especially a dismal report on the labor market. The index closed down 17 points at 12,101.
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Putin's China visit shows warming ties between neighboring giants
The historically tense relationship has warmed in recent years, leading to flourishing bilateral trade. Vladimir Putin will be in Beijing Tuesday to discuss everything from trade, to Iran's nuclear program, to Syria's bloody war.
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Stefan Karlsson
'Safe havens' starting to look a lot less secureContinued worries about Spain and Greece, increasing signs that the weak US recovery is getting weaker and indications that the euro area slumps are deepening push down bond yields in perceived "safe haven" countries.
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