Marc Faber, a longtime investor who says his nickname is “Dr. Doom” (not to be confused with this Dr. Doom), has been buying gold for decades and telling other people to stock up for just as long. The gold bug regularly appears on videos extolling the metal’s virtues while sounding alarms about economic collapse. He’s eyeing a
(Yicai) May 26 — The impact of the ongoing trade war between China and the United States on Chinese construction machinery exports is overall manageable, according to a report by Soochow Securities. Even though the US is the world’s largest construction machinery market, China’s export value of such products to the US has been declining
Netflix (NFLX), Warner Bros. (WBD), and other media stocks fell Monday following President Trump’s call for a 100% tariff on all foreign-produced films. Stocks recouped steeper losses by mid-morning, although Netflix continued to lead the declines, down about 2%. Warner Bros. Discovery and Paramount Global (PARA) slipped around 1% after also recovering from earlier session
Two readings on activity in the services sector painted a mixed picture of the state of US economic activity. The Institute for Supply Management’s ISM services index increased to 51.6 in April, its highest reading since January 2023. “Regarding tariffs, respondents cited actual pricing impacts as concerns, more so than uncertainty and future pressures,” Chair
Home prices rose again in February as limited supply continued to prop up the market amid high mortgage rates and affordability challenges. The S&P CoreLogic Case-Shiller National Home Price Index rose 0.3% over the prior month in February on a seasonally adjusted basis, easing from the 0.5% monthly gain recorded in January. On an annual
Nearly 15 years ago, Bill and Melinda Gates and Warren Buffett teamed up to start the Giving Pledge, which encouraged the super wealthy to donate at least half their fortunes to charity. Since then, it’s gone from 40 members to 245. The group now includes members from 30 countries, though they represent just 8% of
ISTANBUL, TURKEY – APRIL 17: A 500 gram gold bar is seen in a gold shop window on April 17, 2025 in … More Istanbul, Turkey. Gold prices have surged past the $3.300 per ounce mark amid escalating tensions in the U.S.-China tariff war. (Photo by Chris McGrath/Getty Images) Getty Images Trefis Gold prices surged
Stocks aren’t the only thing that have collapsed in short order over since Trump’s tariffs have taken effect. The University of Michigan’s Consumer Sentiment preliminary April data released on Friday revealed astounding declines in how consumers feel about the economy. Many of the gauges in the survey have seen sentiment deteriorate to levels seen in
US stocks swung back to gains before the bell on Friday, eyeing a comeback bid after China hit the US with a retaliatory tariff hike but signaled it won’t hike duties any further. Futures tied to the S&P 500 (ES=F) rose 0.4%, and the tech-heavy Nasdaq (NQ=F) was up 0.5%. Dow Jones Industrial Average futures
US stocks swung back to gains before the bell on Friday, eyeing a comeback bid after China hit the US with a retaliatory tariff hike but signaled it won’t hike duties any further. Futures tied to the S&P 500 (ES=F) rose 0.6%, and the tech-heavy Nasdaq (NQ=F) was up 0.7%. Dow Jones Industrial Average futures