Morgan Chittum Traders work on the floor of the New York Stock Exchange Michael M. Santiago/Getty Images US stock indices rose Friday as investors digested mixed earnings reports. However, all three major gauges closed the week in the red. Alphabet and Amazon are on deck to report quarterly results next week. Loading Something is loading.… Continue reading US stocks rise but close lower for the week as investors mull mixed bag of corporate earnings
US-China tensions pose big economic risks because the 2 superpowers are more codependent than ever before, former SEC chief Jay Clayton says
Former SEC chief Jay Clayton said the US and China have become increasingly codependent in recent years. If tensions rise between the two superpowers, it could pose huge risks for both economies, he told CNBC. “We are deeply embedded in China… That means that any kind of sharp pullback is going to have significant economic… Continue reading US-China tensions pose big economic risks because the 2 superpowers are more codependent than ever before, former SEC chief Jay Clayton says
Bank reserves could fall by $2.5 trillion as the Fed reduces its balance sheet, Fitch Ratings says
Bank reserves could fall between $900 billion to $2.5 trillion by year’s end, Fitch Ratings said. That’s as the Fed’s quantitative tightening dries up liquidity in the banking system. “Tighter liquidity could exacerbate the ongoing shift to more restrictive credit conditions, weighing on US growth.” Loading Something is loading. Thanks for signing up! Access your… Continue reading Bank reserves could fall by $2.5 trillion as the Fed reduces its balance sheet, Fitch Ratings says
Bangladesh to pay Russia $300 million in Chinese yuan for a nuclear plant loan
Bangladesh will pay Russia $318 million worth of yuan for a loan payment on a nuclear power plant. Western sanctions on Moscow prevented Bangladesh from paying in US dollars. The decision to use the yuan is the latest example of de-dollarization. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Bangladesh to pay Russia $300 million in Chinese yuan for a nuclear plant loan
There’s good debt and bad debt, but the dividing line is not always clear until the end
Nine tips to live a rich life without falling into bad debt Published Apr 21, 2023 • Last updated 2 hours ago • 4 minute read Create a realistic spending plan that doesn’t rely on using credit cards to get by. Photo by Postmedia Given that interest rates are still in flux, fixed mortgage rates are… Continue reading There’s good debt and bad debt, but the dividing line is not always clear until the end
How the CRA strike will affect your tax returns, refunds, benefits and more
Jamie Golombek: If you’re getting a refund, CRA will pay you interest at a rate of 7%, compounded daily, from May 31 Published Apr 20, 2023 • 5 minute read PSAC members picket the Canada Revenue Agency building in Surrey, B.C., on April 19. Photo by Jason Payne/PNG The decision to strike by the Public… Continue reading How the CRA strike will affect your tax returns, refunds, benefits and more
Canadians are about to be hit by the full shock of rising interest rates
This is what the Bank of Canada sees happening on the ground Get the latest from Stephanie Hughes straight to your inbox Published Apr 14, 2023 • Last updated 6 days ago • 5 minute read Anyone seeking a home loan is seeing the highest interest rates in recent memory, and those on variable-rate mortgages have… Continue reading Canadians are about to be hit by the full shock of rising interest rates
Stock Market Today: Stocks Struggle After Tesla Earnings, Economic Data
Stocks opened lower Thursday as the latest batch of economic data elevated recession fears. Not helping matters was another rush of corporate earnings reports, with several notable stocks sinking in the wake of their results. The Labor Department this morning said that weekly jobless claims rose by 5,000 last week to 245,000, more than economists… Continue reading Stock Market Today: Stocks Struggle After Tesla Earnings, Economic Data
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