What Russian Sanctions Mean for Your Money
Vladimir Putin had a chance to back down from his aggression in the Ukraine after Russian separatists shot down a Malaysian passenger jet.
Unfortunately, he didn't.
With no answer to the charge that the Malaysian jet would not have been shot down but for the course of events he set in motion, Mr. Putin has also shown no indication that he plans to change course.
Left with little choice, the United States and European Union imposed a new series of economic sanctions on Russia to express their disapproval. The new sanctions include restrictions on Russian state banks from financing themselves on a long-term basis in European capital markets. It also imposes an embargo on trading weapons and dual-use technology on Russian companies, and restricts exports of energy-related equipment and technology to Russia.
For the moment, the West hopes that economic weapons will create enough domestic political pressure on Mr. Putin to change his behavior. This may be an optimistic scenario.
If recent history is any indication, it will require far more severe steps to put an end to Mr. Putin's hegemonic dreams.
Mr. Putin is playing a very long game, one in which he's prepared to see the Russian economy pay a very high price. That will mean consequences for investors the world over… Full Story
The "Secret" Agreement That's About to Manipulate Gold Prices
May 19 was a big day for gold prices worldwide – perhaps the biggest this year. That's when the European Central Bank (ECB), along with the other 20 most powerful European central banks, announced the signing of the fourth Central Bank Gold Agreement (CBGA).
The stated reason for the CBGA is to attempt to coordinate gold transactions to avoid market disturbances – it limits the amount of gold signatories may sell in any one year.
While that may sound harmless, it’s anything but.Here’s the real story behind the CBGA’s involvement in the direction of gold prices…
GPRO, TSLA, XOM Top Today's Hot Stocks to Watch
The second-quarter earnings parade continues Thursday with a barrage of earnings from some key sector players.On tap to post results today are a new IPO darling, a niche electric car company, and a couple of oil giants.
The Important Impact of This "Secret" Agreement
The fourth iteration of the Central Bank Gold Agreement (CBGA) has just been signed.
Essentially, it's a statement by Western Europe's most powerful central banks about how much gold they're willing to sell over the next five years.
Though done with no fanfare and barely any media coverage, its importance can't be overstated.
The real story lies with who hasn't signed, and what they're doing with their gold…
Silver Prices Down Early This Week and Won't Budge in Morning Trading
Silver prices are down slightly to open the week, but have barely budged this morning (Tuesday) as foreign policy tensions heighten over Russian sanctions and clashes in the Gaza Strip.Here’s an overview of what’s moving the silver price now and the events investors want to watch for…
Stock Market Today Moving on FOMC Meeting, BP, and HSP News
Stock market today, July 29, 2014: U.S. stock market numbers were up modestly on Monday ahead of a critical round of data that the federal government will release this week. This morning, the Federal Open Market Committee meeting begins.On Wednesday, the markets will see their first glimpse of second-quarter GDP, while Friday centers on the July unemployment rate. Here’s what you should know to make your Tuesday profitable…
Virgin America IPO Filed as U.S. Airline Stocks Rebound
The Virgin America IPO watch is officially underway today (Monday), as the U.S. airline has publicly filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering.
Investors have been anticipating a Virgin America IPO for months as the company finally posted its first profit last year. In 2013, Virgin reported earning $10.1 million on $1.4 billion in revenue.There are many questions left unanswered regarding the Virgin America IPO, and more details should be released in the coming months. However, the timing of the IPO could be advantageous for Virgin America, because other airline stocks have been performing very well lately…
Family Dollar Stock (NYSE: FDO) Up 26% – Will Dollar General Make Competing Bid?
Family Dollar stock (NYSE: FDO) was up more than 20% on news it’s being bought by Dollar Tree (Nasdaq: DLTR).Here’s why investors are so happy about the deal…
DJIA Today Looks to Rebound; DLTR, FDO, and LOCO Lead News
DJIA today, July 28, 2014: The Dow Jones posted a 123-point loss on Friday, while other U.S. markets also finished in the red on poor earnings outlooks and news that the economy may not have recovered as much as expected in the second quarter.
Shipments of capital goods slipped by 1% in June, marking the third consecutive month of declining volumes. Meanwhile, gold prices bounced back from a five-week low, recovering to finish above $1,300 an ounce. All eyes will be on the initial release of second-quarter GDP on Wednesday.Here’s what you should know to make your Monday profitable…
Don't Buy into the Hype That Sent Zillow (Nasdaq: Z) and Trulia (NYSE: TRLA) Soaring
Real estate websites Zillow Inc. (Nasdaq: Z) and Trulia Inc. (NYSE: TRLA) saw their stocks soar yesterday (Thursday) on rumors that the sector's top two leaders would merge.
Z stock surged more than 15.3% to $145.76 and TRLA roared ahead 32.4% to $53.74 after the deal news broke.In fact, both companies share a trait that should send investors running in the opposite direction...