Business, Stocks

“Nvidia nears elite trillion-dollar market cap club of Apple, Microsoft, Alphabet and Amazon”

“…The chipmaker saw its shares surge 25% on Thursday, bringing its market value to just under the $1 trillion mark at around $951 billion per FactSet. It was $755 billion at Wednesday’s close. Nvidia would become the fifth publicly traded U.S.… Continue Reading…

Economy

“There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.”

“… Investors are hoarding cash at record levels and there’s no sign of the trend reversing amid high interest rates and depressed investor sentiment towards the stock market. Money market fund assets have ballooned to a record $5.3 trillion, with… Continue Reading…

Energy

“A green transition will require trillions of dollars. It’ll be a ‘tall order’ to find the cash…”

n”…According to the International Energy Agency, clean energy investment will need to hit over $4 trillion a year by 2030 in its Net Zero Emissions by 2050 Scenario. Reaching this kind of figure will require a huge effort from both… Continue Reading…

Real Estate

“Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse”

“So-called agency mortgage bonds are widely held by banks, insurers and bond funds because they are backed by the mortgage loans from government-owned lenders Fannie Mae and Freddie Mac. The bonds are far less likely to default than most debt… Continue Reading…

Economy

“The US government hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are the 3 harmful ways it could impact you”

“The U.S. officially hit its $31.4 trillion debt ceiling on Jan. 19 — launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to… Continue Reading…

Banking, Economy

“The Trillion-Dollar Question: Could a Coin Save the Day?”

“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away? What was… Continue Reading…

Economy

“The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans…”

“The U.S. officially hit its $31.4 trillion debt ceiling on Thursday – launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to ensure… Continue Reading…

Economy, Stocks

“After $18 Trillion [decline], Global Stocks Face More Hurdles in 2023”

“…Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red… With a drop of more than 20% in 2022, the MSCI All-Country… Continue Reading…

Economy

“US Household Debt Surpasses $16 Trillion on Higher Mortgages”

“US household debt increased by 2% to $16.2 trillion in the second quarter, with mortgages, auto loans and credit-card balances all seeing sizable increases, according to a report by the New York Federal Reserve Bank. The increase in borrowing, which… Continue Reading…

Economy

“China holdings of U.S. debt fall below $1 trillion for the first time since 2010”

“China’s holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years amid rising interest rates that have made Treasurys potentially less attractive. Continuing a trend that began early in 2021, China’s portfolio of U.S.… Continue Reading…