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Business, Economy

“The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk”

“Water scarcity is seen as the most significant and potentially most impactful component of the wider climate crisis, and researchers say that large Asian economies like India and China will be the most affected from these water shortages. Asia is… Continue Reading…

Banking, Cryptocurrencies

“Regulators close crypto-focused Signature Bank, citing systemic risk”

“New York state regulators on Sunday shut down Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New… Continue Reading…

Economy

“Huge chunk of plants, animals in U.S. at risk of extinction -report”

“A leading conservation research group found that 40% of animals and 34% of plants in the United States are at risk of extinction, while 41% of ecosystems are facing collapse. Everything from crayfish and cacti to freshwater mussels and iconic… Continue Reading…

Economy

“The Global Debt Crisis Continues As More Than 40 Countries Are At Risk of Debt Default”

“EDITOR’S NOTE: Sri Lanka’s economy seemed to have flourished for nearly two decades thanks to loans from China. But with inflation soaring and interest rates rising across the globe, China’s lines of credit ended up strangling the nation’s economic prospects.… Continue Reading…

Cryptocurrencies

“Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears”

“Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that could have a ripple effect across the digital asset market. 3AC,… Continue Reading…

Banking, Economy

“European Central Bank to create new tool to address fragmentation risk and temper bond rout”

“The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage fears of a fresh debt crisis. The decision comes after the central bank surprised… Continue Reading…

Economy

“World Bank slashes global growth forecast to 2.9%, warns of ‘stagflation’ risk”

“The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, and many countries now faced recession… In a… Continue Reading…

Uncategorized

For Better Or Worse: It’s Risk Taking Time

Just letting you guys know I’m going to be on the move in the stock market. I’ll be honest here. The stock market is in shambles. It seems to me like we will be going into a deep recession maybe… Continue Reading…

Cryptocurrencies

“Bitcoin Risk-Reward Calculation is Being Upended by Rising Rates”

“…The aggregate 30-day moving-average volume for Bitcoin across Coinbase, Bitfinex, Kraken and Bitstamp is at its lowest level since August 2021, according to data compiled by Strahinja Savic at FRNT Financial. Over the last month, the aggregate daily volume on… Continue Reading…

Banking

“AIG Posts $7.9 Billion Loss Driven by Deal to Unload Risks”

“American International Group Inc. posted a $7.9 billion second-quarter loss driven by the sale of a majority stake in a business of runoff policies, as well as costs from the pandemic and civil unrest. The sale of the Fortitude Group… Continue Reading…