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The U.S. stock market suffered its third straight day of losses on Wednesday and the dollar slipped after disappointing government data had investors worried about economic growth. The Nasdaq was the biggest loser, falling more than 2% after news of a merger between Kraft Foods and Heinz Co. triggered a sell off. The Dow lost 292.6 points, or 1.62%; the

Peter Schiff, CEO of Euro Pacific Capital and long-time proponent of gold, is not buying the dollar hype. Speaking to Aaron Task on Yahoo Finance’s Market Pulse, Schiff projected that the U.S. dollar is going to collapse, and “people are going to turn to gold, in a big way, all around the world.” See below for video of

The Federal Reserve released its post-meeting statement on Wednesday, this time lacking a key word that has been intriguing investors for months. The Fed had continuously been saying it would be “patient” on raising interest rates, but that word was dropped from the latest statement. It also cut its forecast for U.S. economic growth in 2015. U.S. stocks and

Hedge fund manager Andy Redleaf warned investors about the last financial crisis…and now he’s warning them again. “I think it is a truly scary time.” Redleaf, who is CEO of $4.2 billion hedge and mutual fund manager Whitebox Advisors, said “I think it is a truly scary time” in an internal memo Sunday obtained by CNBC.com. He