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Short sellers have ramped up bets against commercial mortgage REITs, wagering that more borrowers will default on office debt as interest costs increase and property values fall.
China’s central bank boosted short-term cash injection into the banking system for the 11th straight day, the longest streak this year, as it sought to calm investor concerns over a liquidity squeeze around month-end.
A growing body of contrarians has a warning for the market majority betting on a continued euro rally: the energy crisis that sent the common currency tumbling last year is far from over.
The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.
First Republic Bank’s membership in the S&P 500 Index could be in jeopardy after the troubled bank’s stock set a new all-time low on Wednesday that briefly pushed its market capitalization below $1 billion.
The euro zone dodged a winter recession by growing at the start of 2023, despite inflation remaining a menace.
Shares of First Republic Bank rose in pre-market trading as the US banking industry and regulators hash out possible paths forward for the troubled regional lender.
Banks increased emergency borrowings from the Federal Reserve for the second week in a row, underscoring ongoing stress in the financial system following a string of bank collapses last month.
U.S. electric utilities must make investments to the tune of almost $12 trillion dollars before 2040 in order to upgrade the grid and keep power supply reliable...
US oil futures headed for the longest run of monthly losses in more than eight years as slowdown concerns in the US and Asia weighed on demand outlook.
The Bank of Japan scrapped its guidance on future interest rate levels while keeping its main stimulus measures unchanged, as Governor Kazuo Ueda prepared the ground for taking a more flexible stance on policy.
Europe’s central banks should be wary of potential dangers ranging from more financial stress to a divergence in bond yields as they stay the course with further interest-rate hikes, according to the International Monetary Fund.
U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank's advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have...
Global Markets-Moribund Euro Zone, Amazon Outlook Dent Stocks Ahead of Rate MeetingsApr 28, 2023 - 05:20:53 PDT
A Europe on the brink of stagnation and a mixed outlook from Amazon dented global shares on Friday as investors hoped that anticipated interest rate hikes next week on both sides of the Atlantic will herald a peaking of borrowing costs. S&P 500 stock index futures were down 0.3% after Amazon.com Inc signalled its cloud growth would slow further...
The Fed is still bailing out banks.The Bank Term Funding Program (BTFP) reached a new all-time high in April, suggesting that the banking crisis has not yet passed.And while the aggregate balance sheet looks to be shrinking, the detailed data shows it is more complex than that.
Silver has seen a relatively weak delivery to start the action in May. While this could be considered disappointing to some who were looking for fireworks, a look beneath the surface shows that all is not well.
Many people are concerned about a possible move toward central bank digital currency and we're starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they're missing the more fundamental problem with government-issued fiat currency. Paper money isn't the solution. It is the parent of the problem.
Americans Brace Yourself For Much Higher Electric Bills Even As Energy Prices Are DecliningApril 28, 2023
If Americans thought they would enjoy lower "Electric Bills" this year after paying skyrocketing prices in 2022... think again. Unfortunately, U.S. power bills will continue to rise even though natural gas and coal prices have dropped significantly since last year...
Apr 27, 2023 - 13:28:51 PDT
Of all the major demand categories, arguably the biggest driving force is silver’s industrial importance. It is estimated that approximately 60% of today’s silver is used for industrial purposes such as electronics, solar cells, automotive and soldering, with the remaining 40% available for investment.
Apr 27, 2023 - 13:26:46 PDT
Demand for gold broke all records шт Russia in 2022 as it increased 15 times. Russian citizens bought 75 tons of investment gold bullion in 2022 against only 5 tons a year earlier.
See more at https://english.pravda.ru/news/russia/156442-russia_gold/