The ongoing banking crisis could trigger a credit crunch and an economic crash, Allianz has warned. Nikolas Liepins/Anadolu Agency via Getty Images The US economy is going to crash-land into a recession in the second half of 2023, according to ...
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Coinbase is encouraging developers to work on ‘flatcoins’ that will keep pace with inflation
BrightCoinbase Global watch as their listing is displayed on the Nasdaq MarketSite at Times Square in New York on April 14, 2021. Shannon Stapleton/Reuters In a recent blog post, Coinbase encouraged developers to work on “flatcoins” that keep pace with ...
First Citizens just bought Silicon Valley Bank – here’s everything you need to know about the latest twist in the banking turmoil
BrightFirst Citizens BancShares agreed to take over collapsed lender Silicon Valley Bank on Sunday. Getty Images First Citizens Bank agreed to buy most of Silicon Valley Bank on Sunday. The Raleigh, NC-based bank now owns 17 branches of SVB and ...
Top economist David Rosenberg said the Fed should put bigger rate hikes back on the table after bouts of ‘speculative lunacy’
BrightThe Federal Reserve should consider raising interest rates by 50 basis points at its upcoming meeting, top economist David Rosenberg said Tuesday. Rosenberg Research & Associates The Federal Reserve should weigh up another big interest-rate increase because of recent “speculative ...
Victims of the Fed: How a year of rate hikes cratered stocks – and fueled the demise of FTX and Silicon Valley Bank
BrightMarkets have had a rough time since the Federal Reserve started raising interest rates a year ago. Richard Drew/Associated Press A year ago, the Federal Reserve started hiking interest rates at its fastest pace in recent times. Its aggressive campaign ...
First Republic leads a comeback for bank stocks that cratered in the SVB-fueled selloff
BrightFirst Republic led bank stocks’ comeback Tuesday as investors started to look past the SVB crisis. Michael Brochstein/SOPA Images/LightRocket via Getty Images US regional bank stocks rose Tuesday as nerves calmed about a Silicon Valley Bank-fueled crisis. The failure of ...
Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings
BrightAdidas ended a six-year partnership with Ye last year after the rapper repeatedly made anti-Semitic comments on Twitter. Jonathan Leibson/Getty Images for ADIDAS Adidas’ share price could be under threat after the sportswear giant ended its Yeezy partnership. The company ...