June 20, 2023
“Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility… Continue Reading…
January 13, 2023
“…“The Fed raised rates in 1929 to squelch financial speculation and then, in 1930, Congress passed Smoot-Hawley, putting 50%+ tariffs on more than 20,000 goods and pushing the global economy into the Great Depression,” Wood said. “If the Fed does… Continue Reading…
December 12, 2022
“Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago.… Continue Reading…
November 9, 2022
“Cryptocurrencies were under pressure for a second day Wednesday as the market digested the fallout of Binance’s planned bailout of FTX. Bitcoin hit a new bear market low of $16,924.68, according to Coin Metrics. It was last down by 5%, while… Continue Reading…
September 13, 2022
“…“Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by Mike Wilson write in a recent note to investors. “In our base case, 2023 now marks a modest earnings contraction (-3%… Continue Reading…
August 31, 2022
“[Citi Research analyst Christopher Danley] “We maintain our belief that every company/end market will correct and we expect the SOX index to hit new lows and fall another 25%,” Danley said. Danley’s referring to the PHLX Semiconductor Index SOX, -0.28%, which is already… Continue Reading…
July 21, 2022
“Initial jobless claims hit their highest level since mid-November last week, the latest sign that a historically tight labor market is beginning to slow, according to Labor Department data released Thursday. Claims totaled 251,000 for the week ended July 16, up 7,000… Continue Reading…
July 5, 2022
“Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld CEO Darshan Bathija said in a blog post on Monday that the company is facing “financial challenges” due… Continue Reading…
June 24, 2022
“Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance… It follows a series of notable attacks on other blockchain bridges. The Ronin Network, which supports… Continue Reading…
May 3, 2022
“…Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential electricity rate was up 8 percent in January from a… Continue Reading…
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