US stocks lost ground during the first trading session of June after stern comments from JPMorgan (JPM) boss Jamie Dimon warning of a “hurricane” bearing down on the US economy. The S&P 500 fell 0.7%, the Dow lost 0.5%, and the Nasdaq declined by 0.7% on Wednesday. After rallying to start the trading session, the […]
(Bloomberg) — All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate hiking regime. Most Read from Bloomberg Anthony Saglimbene, global market strategist at Ameriprise Financial,
The Stock Market’s Biggest Fear These Days: Strong Economic Data Read More »
When a traditional bank fails, a SWAT team of regulators swoops in, winding it down in secret and preventing a panic that could spread throughout the financial system. In cryptocurrency banking, the demise happens in full public view — and there is no regulatory SWAT team to keep the markets calm. That story unfolded this
Why the crypto winter could be a Lehman moment Read More »
The man behind the UK’s sanctions regimes is expecting significant legal challenges as the government’s crackdown on Russia’s war with Ukraine continues. Giles Thomson, the director of the Office of Financial Sanctions Implementation, said that litigation was already starting to filter through. His team was “expecting to come up against further litigation in the future”
UK sanctions boss predicts pushback from lawyers over Russia crackdown Read More »
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an
Quarter-end buying may lift stocks higher before the next market storm Read More »
Liverpool are said to be ready to let Mohamed Salah leave the club this summer amid interest from Real Madrid as Porto expect a bid from the Reds for their winger Otavio Video Loading Video Unavailable The video will auto-play soon8Cancel Play now Liverpool’s pre-season schedule in full as Reds head off on travels Liverpool
Mohamed Salah 'price tag set' as Liverpool land financial boost Read More »
Mark Dwayne Guemble A handyman who has been jailed without bond is claiming his “financial hardships” have prevented him from repaying $21,797 to a Villager he ripped off years ago. Mark Dwayne Guemble, 52, of Lady Lake, continues to be held without bond at the Sumter County Detention Center following his arrest on multiple probation
Handyman claims ‘financial hardships’ prevented him from repaying $21,797 to Villager Read More »
The US Supreme Court’s decision to overturn Roe vs Wade has highlighted the growing power of its conservative majority and raised questions about how far it might go in reconsidering precedents on other social issues such as contraception and same-sex marriage. The ruling handed down on Friday upheld a state law in Mississippi banning abortion
Abortion ruling shows growing might of US Supreme Court’s conservatives Read More »
It seems like “everybody” these days is saying we’re going into recession. So: are they right? I’ve covered the markets and the economy for four decades, and I can’t recall a time when more people — or at least prognosticators, economicsand bankers — were more certain that an economic downturn was imminent. And if so
What to expect from a recession 'everyone' sees coming: Morning Brief Read More »
Most tech companies seem to agree that the metaverse is the future, although they don’t appear to have an agreement on what it will look like or how it will work. The metaverse is generally defined as some type of shared virtual environment where people can interact with others. Though in its general infancy now,
Tech Giants Form Metaverse Standards Group Read More »
