US gold exports reached an all-time high of $320.9 billion in March 2026, contributing significantly to a three-month streak of exports above $300 billion. This surge was fueled by large shipments of gold bars processed in US vaults, originally imported amid 2024 tariff fears and now flowing to global buyers, especially central banks in China, Poland, and others. These countries are increasing gold reserves as a safeguard against financial sanctions and asset freezes, highlighting gold's unique role as a secure asset. While this trade boosts US refining and logistics sectors, it differs from exports of US-made goods, reflecting more of a transit and processing hub role for the US in the global gold market.
JPMorgan Chase CEO Jamie Dimon announced a $24 million initiative to revive American shipbuilding, including $18 million in loans and investments and $6 million in grants. The funds will support a new submarine manufacturing facility at the Philadelp...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
Jim Cramer stated that today's stock market is far from the dot-com bubble era, highlighting lower valuations, cooler inflation, and strong corporate earnings as key differences. Despite some speculative stocks like SpaceX, these are outliers and do ...
Goldman Sachs and JPMorgan Chase reported record quarterly revenues, boosted by increased equities trading and investment banking linked to the global AI boom. AI is driving demand for financing across sectors, including data centers and infrastructu...
