Evercore founder Roger Altman says the odds of a recession are rising, he told CNBC on Monday. Altman breaks down which indicators he’s using to gauge economic health. “We could be heading into that kind of economic softness, and that might affect credit quality and banking health.” Loading Something is loading. Thanks for signing up!… Continue reading ‘The storm signals are flying’: Evercore founder says the US is barreling towards a recession
The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
Volatility in the US banking system is an opportunity for China, Yale’s Stephen Roach said. In an op-ed for Project Syndicate, he pointed to weaknesses that were exposed from SVB’s collapse. “A rising China is taking dead aim at crisis-prone America,” Roach said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
Markets may be entering a ‘lost decade’ for global economic growth amid financial instability and high inflation, World Bank says
The World Bank warned that the global economic growth could average 2.2% for the next decade, the lowest in 30 years. Reasons include lagging productivity and lasting repercussions of the pandemic, on top of a bank crisis. In a Monday report, the World Bank said the result “could be a lost decade in the making…for… Continue reading Markets may be entering a ‘lost decade’ for global economic growth amid financial instability and high inflation, World Bank says
Single seniors being pushed into poverty appeal for tax breaks
Watch: Jane Robertson talks about why single seniors need tax breaks Published Mar 26, 2023 • Last updated 15 hours ago • < 1 minute read The rising cost of rent combined with high taxes are pushing middle class seniors into poverty, says Jane Robertson. Photo by Miguel Medina/AFP via Getty Images Jane Robertson, founder of… Continue reading Single seniors being pushed into poverty appeal for tax breaks
Skinny deals at Nordstrom Canada’s liquidation sales disappoint shoppers, but industry experts not surprised
‘How is this a liquidation sale when everything is only 5 per cent off,’ tweets disgruntled shopper Published Mar 24, 2023 • Last updated 2 days ago • 4 minute read Most of the merchandise in the Nordstrom Canada liquidation sales was only discounted by 5 per cent, disappointing bargain hunters. Photo by Financial Post Nordstrom… Continue reading Skinny deals at Nordstrom Canada’s liquidation sales disappoint shoppers, but industry experts not surprised
Four Steps for Teens Who Want to Test the Investing Waters
Being a first-time investor can seem a bit intimidating and unnerving, but the sooner you dip your toe into the waters, the better! And remember to ask yourself, would you swim in the ocean during choppy waters with no lifeguard on duty? No, right? (If you said yes…let’s talk.) Your parents or other trusted adults,… Continue reading Four Steps for Teens Who Want to Test the Investing Waters
A US debt crisis will arrive sooner as banking turmoil hits the economy and federal revenue, strategist says
Tighter lending due to the banking crisis will slow the economy, resulting in less federal revenue. So Congress will have to lift the debt ceiling sooner than anticipated, a Stifel strategist said. “Receipts to the government — all those cash flows — are probably going to slow.” Loading Something is loading. Thanks for signing up!… Continue reading A US debt crisis will arrive sooner as banking turmoil hits the economy and federal revenue, strategist says
Markets are heading into a ‘post-Fed’ world. Here are 4 things that will drive the new investment regime
As the Fed’s tightening cycle nears an end, markets are entering a “Post-Fed world.” That’s where monetary policy will be less important to market psychology, DataTrek said. The research firm sees four potential drivers of the new investment landscape. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Markets are heading into a ‘post-Fed’ world. Here are 4 things that will drive the new investment regime
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