The hardest hit sectors were energy, retail and consumer services, with a total of 244 bankruptcy filings according to data compiled by Bloomberg. That was the most since 2009, when 293 U.S. companies sought protection from creditors.
Companies may find themselves excessively indebted after the coronavirus pandemic even if their businesses rebound, Oaktree Capital founder Howard Marks has warned, underlining the strain facing corporate America.
Central banks are set to spend 2021 maintaining their ultra-easy monetary policies even with the global economy expected to accelerate away from last year’s coronavirus-inflicted recession.
Britain is headed for a sharper double-dip recession after Prime Minister Boris Johnson plunged the nation back into a lockdown with no clear end.
The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.
Tech saw most sales at $584.1 million.
OK, it’s getting a little crazy: Massive shifts due to working from anywhere and the Pandemic. But some of those shifts started well before the Pandemic.
M1 and M2 Money Supply numbers are surging. Will gold follow? Let's investigate an alleged relationship between gold and M2, a measure of money supply in the US.
As we kick off a new year, the markets are trading at historical extremes. A look at short and long-term charts to set expectations for future returns.
Misses the massive injections of the #Fed. But also the #wealthgap where it is primarily the top 10% of income earners that are #saving and #investing the most.
World Economic Forum Founder and Executive Chairman Klaus Schwab has proposed using the overreaction to coronavirus to launch a worldwide “Great Reset.” This Great Reset is about expanding government power and suppressing liberty worldwide.
When Jamie Dimon, the head of America’s largest bank, says the U.S. economy is in jeopardy, Federal Reserve policy makers and elected officials ought to take notice.
Home Depot and John Deere are among a parade of U.S. investment-grade companies that seized on the first trading day in January to borrow in the corporate bond market.
Another financial crisis, this time sparked by rising corporate and sovereign debt, is a risk, said former Bank of England Governor Mervyn King.
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
China will seek to capitalise on continued strong overseas demand for the yuan by loosening the rules on its international usage in February.
US 10-year breakeven inflation expectations hit more than 2-year highs, boosting precious metal markets.
Gold continued its strong start to the year as lower U.S. real yields and a weaker dollar combined with surging coronavirus cases to boost demand for the haven asset .
As the financial markets turn the page to 2021, investors will want to keep an eye on the US Dollar Index and the currencies next big move.
Consensus expects a continuation of the broad dollar decline next year, but could be surprised with its magnitude. It could be closer to the 10% area, than the 3-5% which consensus expects. What will be crucial is how the Fed handles, if it is successful, the pick-up in inflation.