Economics Archives - Page 164 of 276

3 minute read

“Failure To Raise Debt Ceiling Would Be An ‘Economic Catastrophe,’ Treasury Secretary Yellen Says” – CNBC

May 8, 4:24 PM

https://www.cnbc.com/2023/05/08/debt-ceiling-janet-yellen-says-default-would-be-economic-catastrophe.html Yellen’s comments came as a political stalemate over raising the debt limit was forcing the Treasury

SPY

2 minute read

Fed Survey On Bank Lending Conditions Reveals Exactly What Stock Investors Don’t Want To Hear

By Piero Cingari

May 8, 3:49 PM

A sizable proportion of U.S.

SPY

2 minute read

‘G-7 Eyes Responses For Rapid Silicon Valley Bank-Type Failures; U.S. Considers Stronger Capital And Liquidity Rules For Midsize Lenders’ – Asia Nikkei

By Happy Mohamed

May 8, 12:20 PM

https://asia.nikkei.com/Spotlight/G-7-in-Japan/G-7-eyes-responses-for-rapid-Silicon-Valley-Bank-type-failures The Group of Seven leading industrialized nations intend to craft plans

KBE

2 minute read

Bank Of Canada Launches Public Consultations On A Digital Dollar

By Happy Mohamed

May 8, 11:42 AM

https://www.bankofcanada.ca/2023/05/bank-canada-launches-public-consultations-digital-dollar/#:~:text=The%20Bank%20of%20Canada%20is,major%20purchases%20is%20evolving%20rapidly. The Bank of Canada is launching an online

BTC

2 minute read

Biden, McCarthy To Discuss Debt Ceiling On Tuesday: What Investors Need To Know

By Wayne Duggan

May 8, 11:11 AM

President Joe Biden and House Speaker Kevin McCarthy are meeting on Tuesday to discuss raising the debt ceiling to avoid a potential U.S. default on June 1.

DFS

1 minute read

Goldman Sachs Reiterates $100 Brent Price Forecasts, Expects Oil To Rally If US Avoids Recession

By Piero Cingari

May 8, 10:45 AM

Despite the sharp declines experienced by oil prices in recent weeks, Goldman Sachs (NYSE: GS) reiterated its forecast for Brent prices at $95 dollars by December 2023 and at $100 for April 2024.

2 minute read

Yellen Warns Of Economic Chaos, Gates – The ‘Nuclear Energy Evangelist,’ Buffett Stands By To Support Banks And More: 5 Key Stories You May Have Missed From The Weekend

By Shanthi Rexaline

May 8, 10:11 AM

News out of Warren Buffett-led Berkshire Hathaway, Inc.’s (NYSE:BRK) (NYSE:BRK) annual shareholder meeting held in Omaha, Nebraska over…

AAPL

3 minute read

US Stocks Set For Mixed Start This Week On Inflation, Debt Ceiling Worries — But Analyst Sees A ‘Turning Point’

By Shanthi Rexaline

May 8, 7:04 AM

Caution returned to Wall Street as indicated by the index futures, which traded narrowly mixed early Monday.

AAPL

2 minute read

What’s Driving Gold, Oil Prices Higher Today?

By Bhavik Nair

May 8, 2:30 AM

Gold prices rose on Monday as the dollar declined slightly with investors bracing for the release of the…

BNO

2 minute read

Interest Rates Are Tight Enough, Recession Talk Is Exaggerated And Regional Bank Crisis Manageable: Fed’s Bullard

By Piero Cingari

May 5, 3:48 PM

Speaking to the Economic Club of Minneapolis on Friday, St. Louis Fed President James Bullard noted that the present level of interest rates is in the "sufficiently restrictive" territory according to the committee.

IEF