The Financial Stability Oversight Council (FSOC) will increase scrutiny of banks’ exposure to the rising risk of commercial real estate loans defaulting...
Tag: U.S. economy
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SIGNET JEWELERS SLUMP: DID COVID KILL IT?
Signet Jewelers, the parent company of the Zales and Kay jewelry store chains, cut its 2023 financial outlook, saying the COVID lockdown killed sales and the following rise in inflation and interest rates has slashed demand for engagement rings.
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ONLINE BANKS LURING DEPOSITS AWAY FROM BRICK-AND-MORTAR RIVALS
During this year’s first quarter, online banks increased their total deposits while small and regional brick-and-mortar competitors were seeing depositors flee.
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UNEMPLOYMENT CLAIMS CLIMB MORE THAN EXPECTED
New claims for jobless benefits rose to 261,000 in the most recent week, rising 28,000 from the week before, the U.S. labor department reported.
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U.S. TREASURY MUST BORROW ANOTHER TRILLION, ANALYSTS SAY
The U.S. government will be forced to borrow another $1.1 trillion by selling short-term treasury bills after raising the debt ceiling earlier this month, analysts at JPMorgan Chase estimated.
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ECONOMIC UPDATE – MARKET OVERVIEW
All the economic eyes are on the central Banksters. What will they do next? Raise, lower or hold their interest rates.
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INSIDERS SOLD BILLIONS IN SPAC STOCKS BEFORE COMPANIES CRASHED
The SPAC bust on Wall Street last year wiped billions of dollars from speculators’ accounts but made billions for SPACs’ executives and early investors, a Wall Street Journal investigation of more than 460 SPAC-related companies found.
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ECONOMIC UPDATE – MARKET OVERVIEW
In the U.S., its service industry, which accounts for nearly 70 percent of Gross Domestic Product, fell from 51.9 in April to 50.3 in May, according to data released yesterday by the Institute for Supply Management’s non-manufacturing PMI. Barely in positive territory, a reading above 50 indicates growth.
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ECONOMIC UPDATE – MARKET OVERVIEW
In dumbed-down America, where nearly 45 percent of the people get what they call “news” from mainstream corporate TV and swallow the crap spewing out of the mouths of Presstitutes—media whores who get paid to put out by their corporate pimps and government whore masters—the vast majority have no clue of what in the world is going on.
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ECONOMIC UPDATE – MARKET OVERVIEW
Now here this, now here this: The Greatest Recession has begun and the banking crisis that Jamie Dimon of JPMorgan Chase said was over after the Feds made a sweetheart deal with him to buy out First Republic Bank will worsen.