Credit Crunch is coming for the U.S. that'll Tip the Economy into Recession, 'Dr. Doom' Economist Nouriel Roubini Warns
The U.S. is heading for a credit crunch that'll tip the economy into recession, according to “Dr Doom” economist Nouriel Roubini.
Bitcoin Crosses $30,000 for the First Time Since June 2022
Bitcoin (BTCUSD) has surged almost 9% so far this week and touched a 10-month high.
Inflation and Bank Earnings in Focus This Week
First quarter earnings season will get underway this week with big banks reporting results on Friday, April 14, as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.
Global Banks Pledged to Cut Emissions – but Still Invest Billions on U.S. Gas Exports
According to The Guardian, In March, the Intergovernmental Panel on Climate Change warned any new fossil fuel development is likely to push the earth’s climate past an increasingly dangerous 2 degrees of warming.
McDonald's Temporarily Shuts U.S. Offices, Prepares Layoff Notices: Report
The world’s largest fast food chain McDonald's Corp (MCD) is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday.
Comcast Has Opportunities to Improve Connectivity Cash Flow from Rising Mix of Broadband Revenues: Citi Analysts
Citigroup Research maintains a Buy rating on Comcast Corp (CMCSA).
Indian RBI May Go in for 25 b.p. Interest Rate Hike in Monetary Policy Meeting Next Month
With retail inflation remaining above the comfort level of 6 per cent and most global peers including US Fed continuing hawkish stance, the Reserve Bank of India too may go in for a 25 basis points hike in the bi-monthly monetary policy to be announced on April 6, opined experts.
JPMorgan Says U.S. is Probably Headed for Recession as Economic ‘Engines about to Turn Off’.
A series of banking crises this month headlined by the failure of Silicon Valley Bank has forced analysts from multiple banks, including JPMorgan Chase, to rewrite their recession forecasts from scratch,
Goldman Call on ESG Debt Paves Way for a Hedge Fund’s Big Short
Credit strategists at Goldman Sachs pointed out that the long-standing premium on debt targeting environmental, social and governance goals had been consigned to history.
Black Wednesday? Credit Suisse Stock Nosedives 78% from 1-year High, Sparks $60 bn Rout in European Banks
Trading was halted in some of the European banks including Credit Suisse on Wednesday March 15 to tame the steep plunging, however, that did not stop the company's stock to hit a record low.
Celebrity Mark Cuban Urges Fed to Buy Silicon Valley Bank Debt ‘Immediately,’ Saying It’s ‘Not the Wealthy Taking the Hit’
On Friday, March 10, the bank failed following a bank run that saw investors and depositors trying to withdraw $42 billion on Thursday alone.
Delta Air Lines Options Traders Betting Stock Will Continue Flying Higher
Delta Air Lines (DAL) shares moved higher on Tuesday and Wednesday before the broad selloff instigated by Fed’s rate hike pessimism, after Evercore ISI upgraded the stock from In-Line to Outperform and raised its price target from $40 to $47.
Hawkish Comments from Fed's Powell Send Dow, Nasdaq, S&P 500 Sharply Lower
Hawkish comments from Federal Reserve Chair Jerome Powell sparked Wall Street selling on Tuesday, as hopes further dimmed that the central bank would be able to halt its interest rate hiking in the near future.
60% of Americans Live Paycheck to Paycheck — ‘Inflation is Part of Their Everyday Lives,’ Experts Say
As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report.