May 13, 2024 Last Updated 18:23 PM EDT
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Stocks tumble on China instability amid further devaluation of Yuan

The instability in Chinese economy, after the dragon country devalued Yuan for eighth time, has created tremors across the global bourses. All the sectors fell in the range of 0.4 percent to 1.8 percent on the Wall Street. Safe haven yellow metal gained four percent in 2016. Chinese CSI 300 index fell 7%.

Zuckerberg vows to protect Muslim rights, offers save haven in Facebook

Facebook CEO Mark Zuckerberg posted a statement supporting Muslims online after Republican presidential candidate Donald Trump's controversial proposal to bar all Muslims from entering the United States.

Bargain buying creates robust US demand for gold

The August market crash and other adverse conditions in the global economy had created robust demand for the yellow metal in the US. Amercians concerned over market mayhem started buying gold bards and coins boosting the demand growth by a whopping 207 percent. during the third quarter. Equity analysts term it as bargain buying of US investors that pushed god demand spriraling up.

August sell-off: No 'flight to safety' for bonds market

When equities fall, bonds market gain. But during the August sell-off, bonds market couldn't take off. Analysts cite many reasons including uncertainty on rate hike, emerging economies central banks' bond sales to pretect their currencies, etc.

Latest Stories

Walmart Clinic Shutdowns Could Cost You More Than You Think

Walmart declared on April 30 that its virtual healthcare service would be discontinued, and all 51 Walmart Health facilities in five states would dissolve.

How Junk Fees Disguise True Prices

Nearly 90% of respondents to a 2024 Navigator Research survey conducted among voters in 61 competitive congressional districts for the general election said they wanted Congress to enact legislation restricting or outlawing these fees.

Homeowners Insurance Rates Jump 15% as Insurers Flee Wildfire Risk

Millions of Americans are finding it increasingly difficult to maintain homeowners insurance, especially if they reside in one of the nation's rising numbers of places that are vulnerable to natural catastrophes.

IRS Issues Larger Tax Refunds With 2.2% Increase: Here Are Smart Spending Tips to Use Your Additional $75

According to the most current IRS data, the typical taxpayer receives a $2,852 refund, which is $75 higher than the previous year. So, what should you do with that cash?

McDonald’s Considering a Dollar Menu Revival with $5 Meal Deal

McDonald's is considering introducing a $5 meal to its menu nationwide to lure patrons back into its locations.

Must Read

TikTok’s 6-to-1 Shopping Strategy Will Help Shoppers Reduce Anxiety and Save Money

Shopping trips to the grocery store may be emotionally taxing, particularly if you're attempting to buy nutrient-dense foods while simultaneously trying to keep the cost of food down.

Feds Say Credit Card Fees May Outweigh Perks

Biden administration officials are questioning credit card loyalty programs that influence millions of people's purchasing decisions.

5-Year Payoff: New Study Examines College Return on Investment

Whether a college degree is worth the cost is one of the main concerns that families have these days, especially in light of escalating tuition and fees that may leave graduates with debts totaling tens of thousands of dollars from student loans.

US Urban Centers Are Seeing the Worst Rent Spikes at 30%

Since the pandemic started, average American wages have increased, but for many, these gains are being eaten up by growing rent.

'The Fall Guy' Bombs Despite Star Power and $2.4 Billion Frenzy

Despite a strong start, "The Fall Guy's" box office issues reveal a grim reality after a $2.4 billion sensation. Although the action comedy received positive reviews, the film has had trouble making money.

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