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Paul Dykewicz

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The stock market continued its upward climb Thursday to build upon its already historic year of gains.

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Orders for durable goods climbed more than forecast in November, showing broad-based gains that signal U.S. business investment is recovering after a third-quarter lull.

[happy investor up arrows]
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U.S. stocks rose, with benchmark indexes extending all-time highs, as Apple Inc. (AAPL) rallied and the International Monetary Fund (IMF) indicated it would raise its outlook for the U.S. economy.

Chinese Flag in Shape of China
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John-Paul Smith, a Deutsche Bank AG equity strategist, warns that he detects some of the same signs of a financial meltdown in China that led him to predict Russia’s 1998 stock market crash months in advance.

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The U.S. economy expanded in the third quarter faster than previously estimated as consumers boosted spending on services such as health care and companies invested more in software.

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Gold closed at its lowest price in three years in response to the the Federal Reserve’s announced plan to begin tapering its monetary stimulus.

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