While gold bugs believe the world's central banks will rush into gold, central bankers haven't gotten the memo. The Bank of Korea becomes the latest to downplay the notion that it will buy gold to diversify out of the dollar.
FedEx updated its guidance for 2Q earnings, raising its profit estimates by 10 cents per share. Is this a sign that the recession is over -- and by over I mean really over, as in done?
If two new reports are accurate, investors have something to cheer about heading into 2010. Goldman Sachs strategists predict the Standards and Poors index will rise by another 13 percent. Meanwhile, some analysts predict that dividend payouts will rise by as much as 8.9 percent.
With the economic recovery still on fragile ground, crippled by a 10 percent unemployment rate, Ben Bernanke reaffirms the Federal Reserve's position to hold the brakes on a key interest rate for the foreseeable future.
Now that many of the biggest banks have repaid their bailout loans, the Obama administration plans to cut the projected cost of TARP by $200 billion. But one big bank itching to repay Uncle Sam is reportedly facing a major hurdle.