The daily number of Bitcoin transactions jumped to an all-time high on Monday. Many were from Bitcoin Ordinals, a protocol that expands the blockchain’s use case. Bitcoin is currently trading at $28,790, up 2.78% in the past 24 hours. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Bitcoin breaks its all-time record for daily transactions amid surging interest in new network protocol
Elite investors overseeing trillions warned the crowd at Milken about a looming US credit crunch. Here’s how 2 of them say they’re planning to capitalize.
Bank lending activity is headed for a slowdown in the wake of tightening conditions that just claimed another US bank in First Republic. Leaders of major asset management firms discussed the prospect of a credit crunch at the 2023 Milken Global Conference. They shared how they’re planning to capitalize on the dislocations that arise. Several… Continue reading Elite investors overseeing trillions warned the crowd at Milken about a looming US credit crunch. Here’s how 2 of them say they’re planning to capitalize.
US stocks close lower after First Republic falls and ahead of the Fed’s 2-day policy meeting
US stocks fell on Monday after First Republic Bank collapsed on the first trading day of May. JPMorgan bought the bulk of the California lender’s assets in a $10.6 billion deal. The third bank failure this year comes as the Fed is expected to raise interest rates for the 10th consecutive time. Loading Something is… Continue reading US stocks close lower after First Republic falls and ahead of the Fed’s 2-day policy meeting
Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount
The bank crisis is only part over, and part two will be fueled by real estate, Apollo’s Marc Rowan said. Rowan said bank failures will further tighten credit conditions. Small- to mid-sized lenders finance most commercial real estate debt, spelling trouble for the sector. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount
Russian economy may face more hardship as the EU looks to close sanctions loopholes
Russia’s economy could face more pressure as the EU eyes sanctions loopholes, the Financial Times reported. It could involve sanctioning countries that re-export banned products into Russia. Meanwhile, the US proposed a full export ban on Russia, but found little support in the G7. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Russian economy may face more hardship as the EU looks to close sanctions loopholes
First Republic’s takeover worsens the ‘too big to fail’ bank problem, and taxpayers will be on the hook, Elizabeth Warren says
Senator Elizabeth Warren said First Republic’s takeover made the “too big to fail” problem worse. The regional lender was seized by the FDIC and sold to JPMorgan on Monday. “A poorly supervised bank was snapped up by an even bigger bank—ultimately taxpayers will be on the hook.” Loading Something is loading. Thanks for signing up!… Continue reading First Republic’s takeover worsens the ‘too big to fail’ bank problem, and taxpayers will be on the hook, Elizabeth Warren says
Russia’s domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high
Russia’s benchmark MOEX index is trading at levels not seen in over 12 months. Russia’s stock market is boosted by domestic investors who have few options amid sweeping sanctions. The MOEX Russia Index has gained 24% so far this year after tanking 42% in 2022. Loading Something is loading. Thanks for signing up! Access your… Continue reading Russia’s domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high
From a painful credit crunch to a meltdown in the commercial real estate market, here’s what top economists are predicting for the coming months
Top economists see a painful credit squeeze and crash in the commercial real estate market. David Rosenberg predicted the US will tip into a recession by September. “A recession is a very big call because it’s a haircut to national income,” he said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading From a painful credit crunch to a meltdown in the commercial real estate market, here’s what top economists are predicting for the coming months
Recent Post
