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commodities

The hunt for wild ginseng in Appalachia’s semilegal and highly lucrative market

Wild American ginseng roots can be worth hundreds of dollars per pound, thanks to hungry markets in Asia where the plant has been prized for its healing powers since ancient times. It’s native to
Sterling soars on Trump jitters and Brexit hopes

Sterling soars on Trump jitters and Brexit hopes

Political upheaval helps pound end week almost 3% higher against US dollar – its best performance since October 2009Speculation that the UK could avoid a hard Brexit from the European Union, and fears
Dow Jones hits record high on Trump stimulus hopes - as it happened

Dow Jones hits record high on Trump stimulus hopes - as it happened

Shares in mining companies, defence groups and banks rise, but tech stocks sliding as US presidential election continues to move marketsLatest: Dow Jones hits new highUS banks rally but tech stocks
Wealth Special Section: How T. Boone Pickens Sits Tight in the Riskiest of Businesses

Wealth Special Section: How T. Boone Pickens Sits Tight in the Riskiest of Businesses

T. Boone Pickens Jr., in a conference room at his office in Dallas, is known to stick with his investments even when the prices are not going in his direction.
Bringing home the bacon? Price of pork hits two-year high

Bringing home the bacon? Price of pork hits two-year high

Analysts report 18% increase in wholesale price of pork as food manufacturers and retailers face commodity price swings and weak sterling after Brexit votePigs in blankets might have to be rationed
Australian dollar falls to five-month low as Trump rally continues

Australian dollar falls to five-month low as Trump rally continues

The Aussie sank to US73.22c as traders pushed up the US dollar in the wake of the Republican’s presidential victoryThe Australian dollar has slid to its lowest level against its US counterpart since
Oil price surges on cuts deal, as Trump tweet hits Lockheed Martin shares – as it happened

Oil price surges on cuts deal, as Trump tweet hits Lockheed Martin shares – as it happened

Crude prices hit 17-month high as Opec and non-Opec members take steps to tackle worldwide oil glutClosing summary: Oil deal moves the marketsNon-Opec members agree to cut 558k barrels per dayDonald
Why is UK inflation rising so quickly? Blame Brexit and the oil price

Why is UK inflation rising so quickly? Blame Brexit and the oil price

A 20% hike in petrol prices added to sterling’s 15% fall means the cost of living is rising fast. Expect 2% by spring, 3% by next ChristmasGyrations in the oil market meant it was a stone-cold
Commodity price falls mean poorest countries miss UN poverty goals

Commodity price falls mean poorest countries miss UN poverty goals

Unctad reports weakest year of GDP growth in 20 years for least developed nations, scuppering hopes that half would escape extreme poverty by 2020Hopes that half of the world’s 48 least developed
A tumultuous year: the 2016 global economy in 10 charts

A tumultuous year: the 2016 global economy in 10 charts

The Dow’s Trump-fuelled rally, the pound’s Brexit-led tumble, gold’s surge and Italy’s high youth unemployment – the year hasn’t been short of drama Continue reading...
Profit from Gold’s January Revival

Profit from Gold’s January Revival

This post Profit from Gold’s January Revival appeared first on Daily Reckoning. The natural resource space is well positioned for 2017 and will have a significant impact in global markets. Byron King
Pound falls to almost $1.20 but UK industrial output recovers

Pound falls to almost $1.20 but UK industrial output recovers

ONS figures show rise in manufacturing and energy in November, although record imports outweigh higher exportsThe pound has fallen to a fresh 10-week low against the dollar as Brexit fears and the
Pound hits five-week high as Trump fears weaken dollar – as it happened

Pound hits five-week high as Trump fears weaken dollar – as it happened

All the day’s economic and financial news, as Donald Trump’s protectionist approach alarms the markets.FTSE 100 heads for third day of fallsPound hits $1.245 in early trading Gold rises to two-month
Demand for gold hits four-year high after Brexit and Trump votes

Demand for gold hits four-year high after Brexit and Trump votes

Political uncertainty drove investment demand up by 70% in 2016, while global demand was at highest level since 2013The Brexit vote and the election of Donald Trump drove global demand for gold to a

Are You Prepared for “Unencumbered” Interest Rate Policy?

This post Are You Prepared for “Unencumbered” Interest Rate Policy? appeared first on Daily Reckoning. Jim Rickards reveals how inconceivable policies like negative interest first become possible…
UK inflation rises to 1.8% spurred by weak pound and rising fuel costs

UK inflation rises to 1.8% spurred by weak pound and rising fuel costs

Production costs jump 20% in a year as pound’s sharp fall following Brexit vote ramps up imports bill just as oil prices start to biteA surge in fuel prices helped push inflation to its highest level
Two-car families pay £40 extra per month as fuel prices soar, says AA

Two-car families pay £40 extra per month as fuel prices soar, says AA

Crude oil’s 20% price leap and sterling’s slide against dollar have made cost of petrol and diesel rocket at pumpsRocketing UK fuel prices mean that two-car families are now spending almost £40 a
Savers need a balancing act to beat inflation

Savers need a balancing act to beat inflation

Savings rates have never been so low, but with a spread of sensible investments your portfolio can still deliver good returnsAs if savers needed to be told, it is a miserable time for anyone hoping to
The economy has bounced back, but workers aren't seeing the benefits | Greg Jericho

The economy has bounced back, but workers aren't seeing the benefits | Greg Jericho

The boost to the latest GDP figures has come from commodity prices and is not trickling down into wage risesThe latest GDP figures are a prime example of the great divergence of major economic
US interest rate rise to deepen debt crisis in developing world

US interest rate rise to deepen debt crisis in developing world

Poorest countries hit hardest as lower commodity prices and strong dollar raises repayment bills, campaigners warn Developing countries are struggling with steep rises in their debt payments after