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Bond and stock markets would crash in a debt crisis, even if the US avoids immediate default. That’s according to former New York Fed President Bill Dudley, writing in a Bloomberg op-ed. “I have one message for those observing or involved in the standoff over raising the US federal debt limit: Be afraid, be very… Continue reading Stocks and bonds would crash ‘violently’ in a debt crisis – even if the US avoids immediate default, former NY Fed president says

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Bank of America says that the start of earnings season will be a critical stock-picking period. Strategist Savita Subramanian says a recession is coming, and earnings projections will get slashed. Subramanian identified companies that BofA expects to beat expectations again this quarter. Bank of America has been pretty bearish on US stocks this year, but… Continue reading Bank of America: Buy these 10 stocks before they report earnings, then beat expectations and rally

Fears are on the rise that commercial real-estate could be where the next economic shock could  emanate from. A combination of high interest rates, work-from-home trends and tighter credit conditions could hit commercial property owners, and their lenders, top voices have said.  Here’s what Elon Musk, Bill Ackman, Jim Chanos and others have to say… Continue reading Commercial real estate could be where the next economic shock comes from. Here’s what Elon Musk, Bill Ackman, and 5 others have predicted.

Mainstream bank Silvergate, once a go-to for big crypto firms, will close down after troubles mounted. Debate is raging over whether a volatile crypto sector or traditional banking risks are to blame. Here’s what Elizabeth Warren, Mike Novogratz, Binance boss CZ and 7 other top voices had to say.  Loading Something is loading. Thanks for… Continue reading Blame Silvergate’s collapse on risky crypto, Elizabeth Warren says – but others slam ‘arsonist and firefighter’ crackdowns. 10 top experts on what pushed the bank to fail.

Russia’s revenue from oil and gas exports almost halved in February of this year, Bloomberg reported. Price caps and sanctions imposed by Western countries have eroded Moscow’s energy earnings.  The tax revenue Russia collects from selling oil and gas sank 46% in February from a year earlier.  Loading Something is loading. Thanks for signing up!… Continue reading Russia’s oil and gas revenue reportedly tanked in February as price caps and sanctions ate into export earnings

Retail and institutional investors are holding a record of nearly $5 trillion in cash and cash-equivalents in money market accounts.  Cash is appealing at a time when bond yields are rising and stocks are pulling back.  But there are four reasons why investors should put some of their cash to work in stocks, says the… Continue reading Here are 4 reasons to be wary of holding cash even as the stock market rally breaks down and bond yields surge

In December 2021, a town found a secret crypto mining operation underneath a Massachusetts high school. Police are looking to arrest Nadeam Nahas, the town’s former assistant facilities director. Nahas failed to appear in court for an arraignment on Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Authorities seek arrest of man who allegedly mined crypto under a high school and stole $18,000 of electricity