July 10, 2023
“…“My purpose is to make sure we don’t engage in a series of unintended escalatory actions that will be harmful to our economic relationship with one another,” Yellen said in an interview that aired Saturday on CBS News’ “Face the Nation.”…” https://www.cnbc.com/2023/07/10/yellens-latest-trip-helps-set-a-new-normal-for-us-china-ties.html… Continue Reading…
July 10, 2023
“…Rising interest rates will deepen losses on securities held by banks and motivate savers to pull cash from accounts, squeezing the main way these companies make money. Losses on commercial real estate and other loans have just begun to register for banks, further shrinking… Continue Reading…
July 6, 2023
“…The Detroit automaker Thursday reported sales of 531,662 vehicles from April through June, up from subdued results of 483,688 cars and trucks that were weighed down by supply chain problems in the year-ago period. Sales of Ford’s F-Series trucks jumped 34% during the… Continue Reading…
June 29, 2023
“…1. Researchers at the US central bank just published a paper warning that a historic surge in the percentage of distressed American companies could worsen the fallout from the Fed’s inflation battle. Plainly, they said high borrowing costs could cause a huge number of companies… Continue Reading…
June 29, 2023
“Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years… Despite the uptick, the government’s third… Continue Reading…
June 21, 2023
“India’s Prime Minister Narendra Modi believes that U.S. companies looking to move their global manufacturing supply chains to the South Asian country isn’t a conscious move to upend China but simply “India gaining its rightful position in the world.”…” https://finance.yahoo.com/news/india-emerging-us-manufacturing-hub-092629374.html There is… Continue Reading…
June 8, 2023
“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…
June 1, 2023
“US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the Federal Deposit Insurance Corporation (FDIC) that offers a comprehensive look at how the industry navigated its most challenging period since the 2008 financial crisis. The… Continue Reading…
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