Debt ceiling jitters kept stocks in the red today. While President Joe Biden said that Monday night’s meeting with House Speaker Kevin McCarthy was “productive” and that “default is off the table,” investors have yet to see signs that lawmakers are nearing a resolution. An unencouraging tweet about the debt ceiling from Punchbowl News only… Continue reading Stock Market Today: Debt Ceiling Anxiety Weighs on Stocks
Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?
If you buy cryptocurrency, are you just taking a punt on it performing well, or is it a genuine investment like buying shares and commodities? Many people have asked that question as Bitcoin, Ethereum and other cryptocurrencies have boomed in popularity over the past few years, which has brought riches to some but financial catastrophe… Continue reading Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?
Is the Stock Market Open on Memorial Day?
Is the stock market open on Memorial Day? The answer to this question is no. The stock market will be closed Monday, May 29, for Memorial Day. The federal holiday, which was originally known as Decoration Day, honors fallen military personnel. Memorial Day also serves as the unofficial start of summer. Peter McNally, global sector… Continue reading Is the Stock Market Open on Memorial Day?
US stocks fall as concerns about US debt default gain steam
Matthew Fox Speaker of the House Kevin McCarthy (R-CA) speaks during a bill signing at the U.S. Capitol March 9, 2023 in Washington, DC. Drew Angerer/Getty Images US stocks fell on Wednesday as investors grow weary of the ongoing debt ceiling standoff between Democrats and Republicans.Treasury Secretary Janet Yellen has warned that the government could… Continue reading US stocks fall as concerns about US debt default gain steam
The 30-year mortgage rate is back above 7% for the first time since March
The average rate on a 30-year fixed mortgage topped 7% this week for the first time since March. Applications for home purchases also slipped 4.3% in the week ending May 19, MBA data shows. Mortgage rates have climbed in May as debt-ceiling talks continue to stall and 10-year Treasury yields climb. Loading Something is loading.… Continue reading The 30-year mortgage rate is back above 7% for the first time since March
The credit crunch is driving more bankruptcies and could spark a domino effect of defaults at larger firms, investment manager says
The credit crunch could spark a domino-style effect in corporate defaults, RBA warned. The pullback in lending conditions has already led to a surge in bankruptcies at small, weak firms. That could easily lead to failures at large, seemingly sound companies, the investment manager said. Loading Something is loading. Thanks for signing up! Access your… Continue reading The credit crunch is driving more bankruptcies and could spark a domino effect of defaults at larger firms, investment manager says
Elon Musk hints at Tesla’s AI ambitions, sounds the alarm on a China-Taiwan conflict, and shouts out dogecoin in a new interview. Here are the 12 best quotes.
Elon Musk intends to take on Microsoft and Google in AI, he teases in a new interview. The Tesla, Twitter, and SpaceX CEO expresses his love of dogecoin and slams corporate inertia. Musk also discusses space travel, succession, and China-Taiwan risks. Here are the 12 best quotes. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk hints at Tesla’s AI ambitions, sounds the alarm on a China-Taiwan conflict, and shouts out dogecoin in a new interview. Here are the 12 best quotes.
‘Dr. Doom’ economist Nouriel Roubini warns US regional banks will ‘certainly’ face a credit crunch
“Dr. Doom” economist Nouriel Roubini said US regional banks will “certainly” face a credit crunch. “There will be certainly some credit crunch especially among regional banks, those are the ones that are squeezed,” he said. Fears of a credit squeeze have risen as banks tighten lending standards following the failures of Silicon Valley Bank and… Continue reading ‘Dr. Doom’ economist Nouriel Roubini warns US regional banks will ‘certainly’ face a credit crunch
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