Business & Finance News - Yahoo! FinanceGold Skeptics Have Peaked -- but Have Gold Prices?
Jitters in Japan and fear over the Fed have stoked a reversal in gold that follows a seven month, 25% slump. While the most widely traded metal is still only about $25 away from the two and a half year low it hit in April, Paul Schatz, president of Heritage Capital, thinks there's currently a lot more upside than downside in gold.
>U.S. Prosecutors Sought Testimony From Top SAC Executives: WSJ
U.S. prosecutors are seeking testimony from three senior executives of the $15 billion hedge fund SAC Capital Advisors.
>Japan Fuels Global Sell-Off but Wall Street Sharply Pares Earlier Losses
After rising 80% in the past seven months, Japan's benchmark Nikkei 225 stock index finally blinked.
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What many may be asking as they wake up to these ugly losses with stock futures pointing due south, is if Wall Street could be looking at a correction like the Nikkei’s nightmare u-turn on Thursday.
>Tim Cook Reignites Case to Buy Apple: Schoenberger
Did Tim Cook's testimony reignite the bullish case to buy Apple? This is the topic of a key debate.
>U.S. New Home Sales Up 2.3 Percent in April
Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high.
>U.S. Manufacturing Growth Slips to 7-Month Low
51.2 expected after 52.1 last month.
>Are Tech Titans the New Masters of the Universe?
Joel Kotkin from The Daily Beast believes tech gurus are America’s newest set of oligarchs.
>Average 401(k) Balance Tops $80,000, Up 75% Since 2009
The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75%.
>Emails Suggest IRS Targeting Developed by Lower-Level Workers
Emails and other documents suggest the Internal Revenue Service's procedures used to target conservative groups for added scrutiny were developed by lower-level employees.