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Strategists at Wall Street mega-bank Goldman Sachs are predicting a wave of mergers and acquisitions that will lead to even more job losses than the economy has already sustained as a result of the pandemic...
Desperate for a Stimulus Check, Millions of Jobless Americans Have Nearly Exhausted Their SavingsOct 20, 2020 - 07:52:45 PDT
Jobless Americans' used up two-thirds of the saving they accumulated from the $600 unemployment benefit and stimulus checks in August, according to a...
BlackRock Inc. says that the scale of restructuring needs globally could exceed the previous peak that followed the 2008 global financial crisis.“One big reason is the significant growth in sub-investment grade debt,” ...
Goldman Sachs Group has reached a long-awaited pact with the US DOJ to pay more than US$2 billion for the bank’s role in Malaysia’s 1MDB scandal, according to people familiar with the matter.
Commercial real estate is in trouble, and turbulence in the $15 trillion market is threatening to bleed over into the broader financial system just as the U.S. struggles to emerge from a recession.
The European Union’s first offering of social bonds drew orders of more than 233 billion euros ($275 billion), likely to be the biggest ever for any debt deal.
Greece’s borrowing costs shrank to the tightest point relative to Germany since 2009, a flashback to before last decade’s debt crisis exposed fault lines across the Continent.
The lawsuit will mark the first major antitrust lawsuit against a technology company since the DOJ's case against Microsoft in the late '90s.
After 7 Months The Most "Bizarre" Divergence Is Over: Implications For MarketsOct 20, 2020 - 07:03:53 PDT
"Given the negative correlation between real rates and equity, many investors are wondering if a potential rise in interest rates driven by real rates could weigh on risky assets."
If we build it, will they come?
Holdings of silver in silver-backed Exchange-Trade Products (ETPs) rose by 297 million ounces through the first three quarters of 2020, according to data released by the Silver Institute. That's nearly triple the level of silver inflows seen during the same period in 2019. Meanwhile, investors also had a strong appetite for silver bullion coins and bars.
Advances in automation technology threaten a significant share of jobs in industries accounting for nearly a quarter of the global workforce, according to Bloomberg Economics’ estimates.
Powell Lays Out The Key Reasons Why The Fed Is Moving Toward Digital DollarsOct 20, 2020 - 05:30:27 PDT
"there are a number of ways CBDC might improve the payments system and include faster and cheaper transactions, addressing a decline in the use of physical currency, and reaching consumers who have been traditionally underserved by financial institutions."
Inflation Comeback May Force Fed to Abandon Easy Money Policy Much Sooner Than Intended: BiancoOct 20, 2020 - 05:26:06 PDT
Bianco Research's James Bianco warns the economic backdrop could push the Federal Reserve to tighten and upset the stock market.
Bank of England Policymaker Warns of Rising Economic Risks and Job LossesOct 20, 2020 - 05:22:24 PDT
Rolling coverage of the latest economic and financial news, as MPC member Gertjan Vlieghe says UK may need more stimulus to fight Covid-19 crisis
The European Central Bank’s quest for faster inflation is taking shape as it enters the next phase of its Federal Reserve-style strategic overhaul. One thing looks clear already — like their U.S. peers, policy makers are willing to temporarily tolerate price growth faster than their goal after periods of weakness.
Japan's central bank is expected to cut its growth and price forecasts for the current fiscal year at next week's rate review, sources familiar with its thinking said, as the coronavirus pandemic weighs on the economic recovery.
Well-known management consultant Peter Drucker perfectly described the predicament faced by central bankers.You can’t manage what you can’t measure.”So why do we put so much faith in central bankers?
The Dow Is Set to Rise 200 Points on Optimism a Stimulus Deal Can Be Reached Before DeadlineOct 20, 2020 - 05:09:04 PDT
U.S. stock futures rose early Tuesday ahead of a deadline for a new fiscal stimulus deal from Washington.
Shoppers Plan to Visit Fewer Stores Than Ever This Holiday Season, Survey SaysOct 20, 2020 - 05:06:16 PDT
Holiday shoppers want to visit fewer stores and finish their gift list in record time this year, a new survey from Deloitte found.