A recently filed lawsuit alleging price-fixing in the gold market is the latest evidence of increased scrutiny into the nearly century-old "London Gold Fix."
FORTUNE -- If you belong to an organization accused of gold market manipulation, it's probably not advantageous if your cohort goes by the nickname "the gold fix."
But that is the somewhat unfortunate moniker for the London Gold Market Fixing Ltd., a body of five banks -- Bank of MOREChristopher Matthews - Mar 7, 2014 1:38 PM ET
Employers added a respectable 175,000 jobs in February, but it is the increases in hourly earnings that gives real cause for optimism.
FORTUNE -- After years of stagnant wages, workers might finally be seeing their pay go up.
The Labor Department released its employment situation report Friday morning, announcing that the economy added 175,000 new jobs in February. That number in and of itself isn't big enough to knock anyone's socks off, MOREChristopher Matthews - Mar 7, 2014 9:52 AM ET
A slew of discouraging economic data doesn't bode well for February jobs numbers, but there's still hope for broader recovery.
FORTUNE -- This winter has brought subfreezing temperatures and several feet of snow to much of the country, and the weather has done more than mess with your morning commute.
Cold weather also has a tendency to put a temporary damper on economic activity, as businesses often shut down during heavy snowstorms MOREChristopher Matthews - Mar 6, 2014 11:20 AM ET
Immigration boosts economic growth and makes inequality more bearable.
FORTUNE -- As the 2014 midterm elections draw nearer, the issue of immigration reform will be used as a wedge to pressure vulnerable Republicans into either angering their base and supporting reform, or alienating key demographics.
The politics of immigration are complicated, as are the economics. Researchers are split over whether immigration brings down the wages of low-skilled workers in the U.S. But MOREChristopher Matthews - Mar 5, 2014 1:34 PM ET
It's a dollar-denominated world, and Putin's just living in it.
FORTUNE -- While stock markets believe that the U.S. and Russia will avoid an economy-destabilizing conflict, representatives of both countries continue to lob threats of sanctions at one another.
The latest came from Sergei Glazyev, an advisor to Russian President Vladamir Putin, who said on Tuesday that the Russian government would consider selling its stockpile of U.S. government debt if America and MOREChristopher Matthews - Mar 4, 2014 2:58 PM ET
A growing number of critics are accusing gold market participants of foul play.
FORTUNE -- You're not supposed to discuss religion or politics at the dinner table, and you really shouldn't ever bring up gold in polite company either.
For many boosters, gold takes on a kind of religious political importance, as some investors feel they can turn to it for deliverance from seemingly wasteful and duplicitous governments who resort to inflation MOREChristopher Matthews - Mar 4, 2014 10:15 AM ET
Restrained lending has kept a lid on inflation, but that may be about to change.
FORTUNE -- When the Federal Reserve launched its stimulative bond buying program -- otherwise known as quantitative easing -- in 2008, many economic observers were certain it would lead to high and uncontrollable inflation.
What these observers didn't understand, however, was that while the Fed can buy bonds and lower interest rates, it's actually private banks that MOREChristopher Matthews - Feb 28, 2014 12:24 PM ET
The Fed chair says the regulator will take a hands-off approach towards the cryptocurrency.
FORTUNE -- Bitcoin enthusiasts have had a rough week. The collapse of the world's largest bitcoin exchange, Mt. Gox, shook investors faith in the currency, sending the price of bitcoin to a low of $418.78 on Feb. 25 from a high of $1,151 just a few months before.
The currency has since recovered some of that lost value, but the MOREChristopher Matthews - Feb 27, 2014 12:27 PM ET
Economists from the Demand Institute predict only modest home price increases nationally, but some areas will fare much better than others.
FORTUNE -- "The time to buy is when there's blood in the streets." That quote, attributed to 18th-century financier Baron Rothschild, means that buying when everyone else is panicking is a great idea, as that's when prices are at their lowest.
But when it comes to the real estate market, the MOREChristopher Matthews - Feb 27, 2014 9:43 AM ET
That is, if you can afford a down payment and qualify for financing.
FORTUNE -- Home prices have been rising steadily for more than year, with the most recent Case-Shiller index reading showing the biggest year-over-year increase in nearly a decade. But that doesn't mean that it is a bad time to buy.
According to a just-published analysis from Trulia Chief Economist Jed Kolko, homeownership is 38% cheaper than renting nationally and MOREChristopher Matthews - Feb 26, 2014 12:18 PM ET
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