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The American economy sped up in the first quarter of this year, with output expanding at an annualized pace of 2.5 percent, according to a Commerce Department report released Friday. But economists were not terribly excited, and not only because the

HSBC lowered its gold forecast for this year and next on Friday, saying the recent tumble in prices for the yellow metal has dealt a severe blow to investor confidence, which may take many months to restore. The bank cut its 2013 gold price forecast

Total Net gold deliveries Feb 1 to April 25: Vision Financial – 1 contract R J O’Brien – 2 ADM Investor Services INC – 2 Marex – 5 Citigroup Global Markets – 10 ABN AMRO – 110 JP Morgan – 19,660 Jamie Dimon Has Issues When just one firm accounts for

How To Admit An Error (And How Not To) (Barry Ritholz) Errors are inevitable, but Barry Ritholz says the best fund managers have developed methods for reducing career-threatening mistakes into mere inconveniences. "Admitting error should be part of

Bankers who behave recklessly would be jailed under a new law being considered by MPs and peers on the banking commission, whose final report is due next month. Several members of the commission, which was set up by George Osborne after the scandal

The technology staff at CBOE Holdings Inc. knew of software issues in the hours before the huge Chicago-based options exchange suffered a three-hour outage, The Wall Street Journal reports. "Staffers at the company, which operates the Chicago Board

Those living in retirement are often told to strike a balance between investing for safety and investing for growth. And when it comes to investing for growth, some pundits are fond of telling investors to put their money in commodities, including

Now that the absolutely irrelevant debate over the applicability of the 90% debt/GDP Reinhart and Rogoff hard cutoff for sovereign growth is supposedly over due to an excel mistake of the type that JPMorgan did at least once to misrepresent its VaR

The yen rose broadly and the Australian dollar hit a six-week low on Tuesday as a weak reading on the Chinese manufacturing sector stirred worries about the health of the global economy. The Australian dollar touched a low of $1.0222 as of 0337 GMT

The euro fell below $1.30 to the dollar and German bond futures jumped on Tuesday after data revealed a slowdown in business activity in Germany and China in April, heightening concerns over the global growth outlook. Markit's flash German composite

Sales of new single-family homes rose 1.5% in March following a substantial drop in the prior month, signaling that the housing market continued to gain strength, the U.S. Department of Commerce reported Tuesday. The seasonally adjusted annual rate

The euro dropped to a two-week low against the dollar on Tuesday after weak German data raised concerns about the health of the euro zone economy, reviving speculation that the European Central Bank could cut interest rates. A survey showed Germany's

I have been interested in politics since I was a kid. That is why I remember Denmark’s European Economic Community (EEC) referendum, although I was only nine years old. Election nights were always exciting and I was allowed to stay up a little longer

The Japanese yen is getting really close to 100 against the U.S. dollar. It just hit a low of 99.67 against the dollar following comments from Bank of Japan governor Haruhiko Kuroda that the G-20 meeting today gave him confidence to continue easing

Investing in gold during the metal’s rally was a little like wandering into a jewelry store with a number of different counters. Straight ahead, you could buy physical gold itself. Off to one side, you might be tempted by gold exchange-traded funds

The world's top financial markets have urged G20 finance ministers to oppose European plans to levy a tax on trading, warning it will damage global economic growth. In a joint letter to the ministers, meeting in Washington this week, associations

The U.S. economy may be hitting another "spring swoon," the same way it has for the past several years. A slowdown from the economy's already slow rate of growth would not be surprising given the impact of the "sequester" and tax increases that went

All eyes have been on Boston this past week following the tragic Marathon bombings on Monday. Friday brought a historic lockdown for the city amid a dramatic manhunt. It has been hard for news junkies to focus on much else this week, but the rout on

Gold’s 19.4 percent tumble from the start of the year through April 15 cut hedge fund manager John Paulson’s personal wealth by $1.6 billion on paper, with about $973 million of that loss coming in the rout on April 12 and 13. Paulson continues to

The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing aimed at beating deflation rather than at weakening its currency. Traders said hedge funds