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The record-setting surge in gold prices is expected to continue through the end of the year, according to Ben Emons, NewEdge Wealth’s head of fixed income. Emons anticipates a surge in the demand for gold in December, historically and especially when there is a rally in the stock market in November. Gold recently reached a…
Federal Reserve Chairman Jerome Powell is set to deliver a speech at Spelman College in Atlanta today, with a fireside chat to follow. The event is scheduled to begin at 11 a.m. ET. Powell’s remarks are of particular interest to the market, as there is speculation about whether the Fed will cut rates in the…
President Joe Biden addressed corporations on Monday, criticizing them for maintaining artificially high prices as inflation has slowed and some shipping costs have decreased. He called for the end of price-gouging and urged corporations to give American consumers a break. While the annual rate of inflation has cooled from its peak in the summer, it…
FCC proposes rule to ban early termination fees for cable and satellite service contracts The Federal Communications Commission (FCC) announced on Tuesday a proposal to ban early termination fees for cable and satellite service contracts, a move that aims to give more control to consumers. Under the proposed rule, cable operators and direct broadcast satellite…
Toyota’s financing branch was fined $60 million by a federal consumer regulator for infringing on car buyers’ rights to cancel add-ons to their loans. The Consumer Financial Protection Bureau accused Toyota’s lending arm of illegally withholding refunds and making it difficult for borrowers to cancel unwanted services, ultimately tarnishing their credit reports. The average cost…
