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Perfect Storm for Some Companies: Fewer Interest Deductions, Rising RatesFeb 6, 2023 - 05:41:48 PST
Some U.S. businesses face reduced cash flows and higher tax bills as they are hit by a double whammy of interest-rate hikes and a tax-law change.
Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson said in a report released on Monday. The firm, which manages around $275 billion in assets, expects earnings growth to weaken in 2023, with energy and input costs eroding...
The US Debt Ceiling Farce Risks Slow-Walking the World Economy Into a CrashFeb 6, 2023 - 05:37:56 PST
Most countries – Ireland included – do all they can to avoid defaulting on their debt.
A US debt default would cause a spike in borrowing costs that squeezes American consumers as well as significant harm to the world economy, International Monetary Fund Managing Director Kristalina Georgieva said.
Crude oil could soon swing into a deficit that will make next year a difficult one, Goldman Sachs said, as spare production capacity dwindles and underinvestment threatens future supply.
Shares of Rothschild Co., one of Europe’s oldest investment banks, surged Monday after the firm’s controlling family offered to buy out other shareholders. + Concordia, the family holding company, offered €48 a share for the almost 60% of the stock it doesn’t already own. + That totals €1.44 billion, or about $1.55 billion. + The offer represents a 19% premium over Friday's...
Chinese banks are touting a wide variety of retail lending products as authorities need a pickup in consumer spending to create a more solid foundation for the world’s second largest economy.
Taiwan’s weakening economic outlook could spell the end of a rally for the island’s currency as investors reassess optimistic wagers on China’s reopening and a recovery in global demand for semiconductors.
Activity in fed funds—used by banks and government-backed lenders to exchange cash reserves parked at the Fed—surged throughout the past year when the central bank raised interest rates at the fastest pace in decades.
\The yen fell on the back of a Nikkei report that the Japanese government approached Bank of Japan Deputy Governor Masayoshi Amamiya about succeeding Haruhiko Kuroda at the helm of the central bank.
The Federal Reserve raised short-term interest rates this week by a quarter percentage point, bringing the central bank's benchmark rate to a range of 4.50% and 4.75%. During Jerome Powell's press conference on Wednesday, the Federal Reserve Chairman used terms likeinflation, deflation and disinflation, but what do those terms actually mean for you and your money?
Wall Street equity futures and European stocks slumped as an unexpectedly strong US jobs report raised the prospect of more rate hikes from the Federal Reserve. Concern over US-China geopolitical tensions also weighed on sentiment.
Dell Technologies Inc is cutting about 6,650 jobs, or 5% of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession. The move on Monday aligns Dell with a raft of U.S. companies from Goldman Sachs Group Inc to Alphabet Inc that have laid off thousands this year to ride out a demand downturn wrought by high inflation...
Global shares slipped on Monday, after a run of upbeat economic data suggested interest rates will have to rise further and stay higher for longer, while a stronger dollar and political turbulence hit risk-linked assets.
Central banks closed out 2022 with reported net purchases of 28 tons of gold in December. Including large unreported purchases, this brought total central bank gold buying in 2022 to 1,136 tons. It was the highest level of net purchases on record dating back to 1950, and the 13th straight year of net central bank gold purchases.
With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as Peter Schiff pointed out during his podcast, Jerome Powell made several statements that indicate he doesn't really understand inflation. That raises a question. How can the Fed fight what it doesn't understand?
With the tremendous increase in Global LNG Supply over the past several years, countries have now become more critically dependent on natural gas than ever. When countries transition their economies and energy system to consume more LNG, any disruptions can cause Big Problems in the future...
By all measures, the latest job report absolutely blasted past expectations with one of the biggest upside surprises in recent memory. The current month came in at 517,000 jobs created. But even that massive figure was beaten by the latest Household Survey which showed 894k jobs created in January.
Gold could shine brightly, similar to 2008, where investors seek safe haven amid uncertain economic conditions.
Gold prices dropped over 2% on Friday to a more than three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates.