The world’s largest banks reported earnings over the past week. JPMorgan’s Jamie Dimon warned of looming “storm clouds” ahead for the US economy. “I consider the current [bank] issues as not remotely comparable to 2008,” Morgan Stanley’s James Gorman said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading From cooling inflation to a looming recession, here’s what CEOs of the 5 largest US banks are predicting for the economy through 2023
Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla’s Q1 earnings call.
Elon Musk spoke about banks, self-driving cars, crystal balls, and lithium refineries this week. He warned of “stormy weather” ahead and said rate hikes, layoff fears, and bank lending are worries. Tesla’s Dojo supercomputer and autonomous tech can supercharge the company’s value, he said. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla’s Q1 earnings call.
Russian diesel exports hit record highs as the sanctioned fuel cuts into the US market share
Russian diesel exports hit a record high in March despite new sanctions, according to Kpler data. Brazil is one country that’s seen a steep increase in Russian diesel imports. “It’s a game of musical chairs, and one we’ve seen play out already with other Russian products such as fuel oil.” Loading Something is loading. Thanks… Continue reading Russian diesel exports hit record highs as the sanctioned fuel cuts into the US market share
Why one investor says Elon Musk’s reign as CEO of Tesla, Twitter, and SpaceX may be ‘entering the end game’
Elon Musk’s days as CEO of three high-profile companies might soon be over, investor Dan Nathan said. Nathan pointed to Musk’s mountain of debt from his Twitter takeover, as well as pressures facing Tesla. “He might be entering the end game here a little bit for being the CEO for all these companies,” Nathan said.… Continue reading Why one investor says Elon Musk’s reign as CEO of Tesla, Twitter, and SpaceX may be ‘entering the end game’
US stocks rise but close lower for the week as investors mull mixed bag of corporate earnings
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
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