The end result could be a prolonged stretch of bankruptcies unlike any in recent memory Author of the article: Meme-stock favourite AMC Entertainment Holdings Inc. is one example of a corporate zombie. Photo by Angela Weiss/AFP via Getty Images They are creations of easy credit, beneficiaries of central bank largesse. And now that the era… Continue reading Zombie firms face slow death as era of easy credit ends
Green still grey area for ESG investors despite mounting scrutiny by watchdogs in U.S. and Canada
A lack of standardized terms and metrics mean those buying the funds must be wary, investors advocates say Identifying “green-washing” in the ESG industry is tricky because there are no strict or uniform criteria for what funds must accomplish on social, environmental or governance issues. Photo by Getty Images Regulators in Canada and the United… Continue reading Green still grey area for ESG investors despite mounting scrutiny by watchdogs in U.S. and Canada
Stock Market Today: New Month, Same Ol’ Stomach-Churning Market | Kiplinger
Stock Market Today June kicked off with another up-and-down day as Wall Street digested signs of economic slowing and a more hawkish Fed.More pockmarks on the prospects for the U.S. economy sent America’s major stock indexes into a near-360 during June’s first trading session. JPMorgan Chase (JPM, -1.8%) CEO Jamie Dimon unnerved some on Wall… Continue reading Stock Market Today: New Month, Same Ol’ Stomach-Churning Market | Kiplinger
US stocks slip as investors weigh economic warnings and eye start to Fed shrinking its balance sheet
US stocks fell slightly on Wednesday as investors braced for the start of the Fed’s balance sheet reduction plans.The Fed plans to reduce its $9 trillion balance sheet by $45 billion this month, and will increase the roll-off over time.JPMorgan’s Jamie Dimon warned that an economic hurricane is approaching and that it requires preparation. Loading… Continue reading US stocks slip as investors weigh economic warnings and eye start to Fed shrinking its balance sheet
Solana tumbles as its blockchain network suffers 2nd outage in a month
Solana fell 10% Wednesday after reports of an outage on its blockchain network. Solana asked validators on its blockchain to restart the network to remedy the issue. The cryptocurrency promotes itself as a high-performance blockchain meant to compete with Ethereum. Loading Something is loading. Solana, the third largest cryptocurrency by market capitalization, fell 10% Wednesday… Continue reading Solana tumbles as its blockchain network suffers 2nd outage in a month
The stock market will recover all of its 2022 losses by year-end as the economy avoids recession and Ukraine risks lessen, JPMorgan says
The stock market will erase its year-to-date losses and finish the year flat, according to JPMorgan’s Marko Kolanovic.Kolanovic reiterated his view that the US economy will avoid a recession this year as consumers remain in solid shape.The big upside for stocks is a resolution to the Russia-Ukraine conflict, which Kolanovic expects by year-end. Loading Something… Continue reading The stock market will recover all of its 2022 losses by year-end as the economy avoids recession and Ukraine risks lessen, JPMorgan says
SPAC volatility forces SeatGeek and Billy Beane of ‘Moneyball’ fame to shelve merger plans as the boom in blank-check deals fades
A merger deal between SeatGeek and the SPAC run in part by famed baseball manager Billy Beane has been terminated. SeatGeek and RedBall Acquisition cited market volatility as a reason for ending the agreement. The SEC’s recent scrutiny of SPACs has sent a chill through the market as well. Loading Something is loading. A merger… Continue reading SPAC volatility forces SeatGeek and Billy Beane of ‘Moneyball’ fame to shelve merger plans as the boom in blank-check deals fades
‘Brace yourself’: Jamie Dimon warns of a coming economic hurricane that will require preparation as the Fed shrinks its balance sheet
JPMorgan CEO Jamie Dimon warned of a coming economic “hurricane” that requires preparation.Dimon said JPMorgan is positioning its balance sheet very conservatively in case a recession occurs.”You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said. Loading Something is loading. An economic hurricane is on the horizon,… Continue reading ‘Brace yourself’: Jamie Dimon warns of a coming economic hurricane that will require preparation as the Fed shrinks its balance sheet
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