AI Frenzy Stalls as Tech Stocks See First Outflows in Two Months
(Bloomberg) -- The AI frenzy that has driven massive inflows into tech stocks is marking a pause, Bank of America...
Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey
(Bloomberg) -- Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15...
Gold heads for best week in five on Fed rate pause bets
SummaryCompaniesSilver on track for best week since early AprilMarkets see 72% chance of Fed standing pat next weekPalladium plunges to...
Gold heads for best week in five on Fed rate pause bets
SummaryCompaniesSilver on track for best week since early AprilMarkets see 72% chance of Fed standing pat next weekPalladium plunges to...
Bitcoin Liquidity Worsens on Crypto Exchange Binance.US After SEC Suit
(Bloomberg) -- Liquidity on one of the most prominent crypto exchanges has worsened in the wake of head-turning regulatory actions...
Costco Execs Warn of Looming Recession Because of One Change Shoppers Are Making to Their Buying Habits
In times of economic struggles, Americans tend to change their shopping habits. The “lipstick effect,” where people will continue splurging...
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CVJXKMJ7ONNG5FYHKOGVL2PWXQ.jpg "Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown")
Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown
June 9 (Reuters) - The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets...
A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown
(Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto...
3 Reasons Why Countries Devalue Their Currency
Ever since world currencies abandoned the gold standard, many currency devaluation events have sent disruptive ripples across the globe.
The Entire Euro System Faces Failure – LewRockwell
In these dogdays of summer, there is a new complacency over the financial and economic status of the Eurozone. Inflation...
Argentina unveils new 2,000-peso bill as inflation bites – DW – 06/09/2023
Alejandro Rebossio06/09/2023June 9, 2023The new note, which will be worth $11 or €10.2 officially, comes after consumer prices jumped by...
Global Steel Production in 2022 Fell Most since 2009, Unwound Stimulus Spike of 2021. China’s Production Fell for 2nd Year
China still produced more than the rest of the world combined, 12 times more than the US. By Wolf Richter for WOLF STREET....
What’s Good for GM is No Longer Good for America
China has rocked the world with quality EVs. Let's discuss how the US and EU are reacting to the threat.
Sink The Economy! CMBS Storm Unfolds As Delinquent Office Loans Hit Five-Year High (They Call Biden “The Sleeze!”)
Biden and The Fed are playing their own version of Johnny Horton’s “Sink The Bismarck!” This version is called “Sink...
Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks
““I do think that there will be issues with respect to commercial real estate.”” — Treasury Secretary Janet Yellen, in...
Commercial real estate crash still looming over US economy
The threat of a commercial "MS & Co. analysts forecast a peak-to-trough CRE price decline of as much as 40%,...
Rising Excess Liquidity Resolves Risk Asset-Recession Paradox
Authored by Simon White, Bloomberg macro strategist,The seeming paradox between an increasingly recessionary economy and a resilient stock market can...
The Market Thinks the Fed Will Pause in June and Hike One Final Time in July
As of 12:01 AM on 2023-06-09, there is a 76.5 percent chance the Fed will pause in June, then hike...
A Year-Over-Year Mirage in Rent Prices Adds Rate Hike Pressure on the Fed
The year-over-year national rent price increase is just above zero. Don't make too much of it, because prices are still...
30 San Francisco Hotels Face Incoming Debt Maturity Wall As Default Dominos Begin
Park Hotels & Resorts Also, occupancy rates have yet to recover from pre-Covid times as those on holiday or business refuse...
Nasdaq Composite Ratio Reaches Counter-Trend Resistance Area!
The dot com crash was brutal. But even in the demise of several tech stocks, investors knew that technology was...