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At $1,400 an Ounce, Gold Prices Reach All-Time High

(Nov. 8) -- He has been widely criticized for his role as a pitchman for Goldline, but Glenn Beck did have one thing right about gold: The precious metal is on the rise. Gold reached an all-time high of $1,410.30 an ounce today, after setting the record at $1,409.40 an ounce on the Comex division of the New York...

Opinion: Will Financial Reform Work? It Depends

(July 16) -- In speaking about the financial regulation bill he will soon sign, President Barack Obama said that the bill "will prevent a financial crisis like this from happening again." This is oversimplified -- there is no way to prevent every crisis and this bill doesn't come close. In leaving Fannie Mae and Freddie...

Greenspan and the Economic Blame Game

(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic...

Shoppers Get New Protection for Gift Cards

(March 23) -- American consumers will be protected from hidden fees and untimely expiration dates that chain stores, credit card companies and other merchants tie to retail gift cards under new rules issued by the Federal Reserve. The rules will cover bookstore chains, clothing retailers and other kinds of affiliated...

Get Ready for Round 3 of Credit Card Reform

(March 19) -- Don't take the shears to your credit card just yet. While credit card issuers may have managed to stay one step ahead of consumer-protection regulations, the next round of Credit CARD Act provisions will force them to roll back some of their charges. "This proposal addresses two key costs of using a...

FederalReserve News From the Web

09/20/10 GLOBAL MARKETS-Dollar slips, stocks rise before Fed Source: FOXBusiness.com The dollar slipped andworld stocks rose Monday as the possibility the FederalReserve could signal further economic stimulus spurred demandfor higher-yielding assets.