China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world’s biggest bullion producer and consumer more influence over pricing. The first public confirmation made by an exchange official comes after Reuters cited sources in February on the proposal for the fix to be set through trading on the SGE, the world’s biggest physical
Wall Street opened higher on Thursday as data showed that the U.S. economy was on the path to recovery after consumer spending recorded its largest increase in nearly six years. Investors have been keeping a sharp eye on economic data for signs of a recovery in the U.S. economy, which came to a crawl in the first quarter, as the Federal Reserve prepares to raise interest rates for the first
The European Central Bank held a crucial cash lifeline for Greece unchanged on Thursday, a person familiar with the discussion said, as the head of the Bundesbank objected to the way Greek banks are being funded.
Yahoo Finance Editor-in-Chief Andy Serwer talks with IAC Chairman Barry Diller about the just-announced Match.com IPO and a lot more.
Greece again affecting stocks, this time pushing them higher on renewed optimism a deal on the country’s debt crisis WILL be reached. Plus, investors get a follow up to yesterday’s positive news on U.S. consumers. And will Wall Street “love” Match.com? There’s word a hookup is coming soon.
From Russia in 1998 to Japan after its real estate bubble and the Great Depression in the U.S., bouncing back has taken years, with no guarantee of success.
Another day, another Donald Trump feud! The real estate mogul made some controversial comments about Mexican immigrants when he announced his bid for president last week, and as a…
Have you ever confused one celebrity for another? If you’re like us, you’ve probably committed the heinous crime once or twice. Unfortunately for one Twitter user, her confusion didn’t…
Kylie Jenner, put down the concealer and nobody gets hurt—or takes a bad picture. The 17-year-old Keeping Up the Kardashians star (and most likely, her glam squad) went a little…
It hasn’t even returned for its sixth season yet, but The Walking Dead has already won the award for best TV kiss of the season! While things may be all doom and gloom on the show,…