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The demise of the U.S. dollar as the world's go-to currency appears to have been greatly exaggerated.Pointing to the scary 2008 financial crisis and America's bloated budget deficit, greenback haters have predicted the eventual move away the dollar for years, suggesting potential alternatives like the euro, gold and China's currency.But the dollar's status as the preeminent world currency doesn't appear to be in serious jeopardy, especially because its rivals all have serious disadvantages and the U.S. is among the strongest-performing developed economies."We believe it premature to conclude…that the dollar will lose its reserve currency position," Paul Christopher, chief international strategist at Wells Fargo Advisors (NYSE:WFC), wrote in a recent note to clients. "Investors should avoid jumping to conclusions."The loss of the dollar's status as the world's reserve currency would represent a huge hit to American prestige as well as the U.S. economy, which enjoys a strategic advantage...
Europe is seeking a balance between austerity and growth that is thin as a razor and about as easy to traverse.Since the onset of the European debt crisis several ye...
You've probably heard the old adage: "Sell in May and go away." It's a nice little rhyme, and it does have a basis in the market's seasonal patterns. Historically, t...
Insurance companies are still very concerned about low interest rates pinching their investment profits. But for the first time in years, their second biggest concer...
Justin Danhof took the floor at Honeywell International Inc.'s (HON) annual meeting in Morris Township, N.J., on Monday to ask about the company's taxpayer-funded bi...
European Central Bank Executive Board member Joerg Asmussen urged governments to push on with budget consolidation and reforms, saying there are no alternatives to t...
ECB policymakers rebuffed suggestions that Europe should ease up on austerity and said that while the central bank has room to cut interest rates, such a move would ...
Finance leaders of the G20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard t...
The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very differe...
Will the Boston attacks change the nation?
When he woke up to news of a collapse in gold prices, Yujiro Yamashita, 63, made his way to Tokyo's posh Ginza district to buy the precious metal for the first time ...
TD Ameritrade Holding Corp. (AMTD) Chief Executive Fred Tomczyk said that while investor sentiment has improved, the engagement "remains tepid" and trading activity ...
Charles Schwab Corp.'s (SCHW) first-quarter earnings rose 5.6% as the discount brokerage logged strong revenue growth, while fee waivers continued to decline.Like it...
"They offload Apple's tax burden onto other taxpayers – in particular, onto working families and small businesses. The lost tax revenue feeds a budget deficit that h...
Former Reagan Budget Director David Stockman on the scandals surrounding the White House and the mounting government debt.
Charles Schwab Corp.'s (SCHW) daily trading volume fell 3% in April from March but climbed 2% from the year-ago period.Like its peers, Schwab has been grappling with...
ArcelorMittal: Brazil per-capita steel consumption to rise on infrastructure plan-ArcelorMittal Brasil CEO sees weaker Brazilian real "inevitable" in coming years-Ar...
By Carter LecrawLast week my wife, son and I were sitting in the living room talking about our family finances. For some reason I remarked that our savings would not...
The U.K. government will this week begin the search for banks to advise it on a possible flotation of state-run postal delivery service Royal Mail, in what would be ...
Every market has its share of bearish investors who expect bad things to happen.Fortunately, those who think stocks are ready to fall in price have some good investm...
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