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Jan 11, 2023 - 11:36:53 PST
London, 11th January 2023: Amid unprecedented levels of global volatility and uncertainty, cybersecurity has risen to the top of the list of near-term risks for banks around the world, according to the latest EY and Institute of International Finance (IIF) bank risk management survey.
Denmark's central bank and seven private banks, including Jyske Bank and Sydbank, have been hit by distributed denial of service (DDoS) attacks that disrupted their operations this week.
Jan 11, 2023 - 11:32:47 PST
Microsoft's 'VALL-E' artificial intelligence is capable of mimicking anybody's voice after hearing just three seconds of speech - the spooky algorithm could have terrifying consequences...
A new NerdWallet study found that the U.S. households have reached a total debt of $16.5 trillion, 7.65 percent increase from the year before. Mortgages, auto loans, & overall debt also went up over the past 12 months, meanwhile, student loan amounts dropped a bit, according to the study. The average U.S. household owed about $222,000 in mortgages, $17,000 in credit card debt as well as $29,000 in auto loans last year.
Americans Rank Congressmen Lower Than Journalists and Car Salesmen for Honesty and Ethical StandardsJan 11, 2023 - 11:29:17 PST
Americans do not have tremendous respect for the honesty and ethical standards of car salesmen or journalists, but they still give people in these professions a higher rating for these characteristics than they give to members of Congress.
The Internal Revenue Service will begin the 2023 tax season bogged down in 10 million unprocessed tax returns from prior years and struggling to answer taxpayer phone calls, putting the embattled tax agency in a fraught position as Republicans try to gut its funding.
Stories of liquidity pressures have dominated the headlines recently as banks and other financial institutions feel the strain of current market challenges. Even market favourites, such as fast growing fintechs, are feeling the pain of the liquidity shortage. For years, the benefits of abundant and cheap liquidity have meant a benign funding environment for banks and the economy as a whole,
"If we truly believe that Americans should be considered innocent until proven guilty, not guilty until proven innocent, then we need to end the scourge of civil asset forfeiture entirely." ~ Joe Setyon
"If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide controls did not stop US inflation." ~ Raymond C. Niles
Jan 11, 2023 - 08:05:22 PST
Forum organizers said their latest lineup for the elite gathering of political leaders, business executives, cultural trend-setters and international organization chiefs will tackle issues facing a divided world as 2023 begins, with war and conflict, economic pressures and climate change in focus
In recent weeks I’ve been seeing an interesting narrative fallacy being sold to the general public when it comes to the designs of globalists. The mainstream media and others are now openly suggesting that it’s actually okay to be opposed to certain aspects of groups like the World Economic Forum. They give you permission to be concerned, just don’t dare call it conspiracy.
In today’s Daily Reckoning Australia, Jim presents his fourth and final article in his series on yield curves and market signals. Read on to find out more…
A much better version of the one posted a few days ago!
When several of the big money-driving voices in financial media and major financial institutions start saying the same thing I am, I start to wonder about myself.
(Bloomberg) -- Debt-heavy Asian companies are headed for a reckoning this year when $314 billion of bonds come due, just as refinancing costs for lower-rated firms have risen close to historic highs.
Many Gen Zers have rejected traditional credit in favor of new-age layaway programs, which are riskier than they may seem.
The blue line is the average hours worked for all private workers. The red line is average weekly hours of production and nonsupervisory workers.
Jan 11, 2023 - 07:05:26 PST
The US residential mortgage market seems to be born under a bad sign … and if it wasn’t for The Federal Reserve, it would have no luck at all.
We had the December release for the NFIB index of Small Business Optimism yesterday, with the headline number turning back down after a brief fillip higher.
Gold futures touched a fresh 8-month high Wednesday as traders bet that China’s decision to drop COVID-19 restrictions on its economy would continue to boost prices of precious and industrial metals.