Contagion Contained, For Now...
Japan's top government spokesperson reassured the markets that the country's banking system was stable and would not be affected by the banking sector woes in the US and Europe.
Go Deeper (3 min read)Is Credit Suisse Done?
Credit Suisse has announced that it will borrow up to $54 billion from the Swiss central bank in order to stabilize its liquidity and restore investor confidence.
Go Deeper (2 min read)Investors Dump Banking Stocks
On Thursday, the four largest US banks by assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, saw $52.4bn wiped off their market value.
Go Deeper (3 min read)London Is Loosing Out
This growing exodus highlights the UK's struggle to attract and keep companies, despite the government's efforts to revive the City and entice businesses from competing exchanges.
Go Deeper (3 min read)The Mystery of the U.S. Economy
Dana Peterson, the chief economist at the Conference Board, believes that the sharp decline of the U.S. business group's Leading Economic Index indicates that a recession will soon take hold in the United States.
Go Deeper (3 min read)More from Markets
Microsoft Is Joining The Tech Firing Spree
Microsoft Corp. announced it was cutting 10,000 jobs, making it the latest tech giant to do so amid worries about the state of the world economy.
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Hedge Funds, What To Expect For 2023?
Due to the sharp interest rate increases that have caused substantial losses for mainstream investors and equity experts, hedge funds that trade bonds and currencies are on course to enjoy their greatest year since the global financial crisis.
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2023, Time For A Recession?
Even though this recession may be one of the most expected in history, it could still be painful.
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The Big Tech Stumble
Investors flocked to technology companies' shares over the previous ten years, betting on their upward trajectory due to their mouth watering revenue growth and solid long term prospects.
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U.S. Home Sales Fell 7.7%
As a result of high mortgage rates and home prices, which drove many potential buyers out of the market, existing-home sales in the United States fell for a record 10th consecutive month in November.
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China's Factory Activity Slows Down
According to the National Bureau of Statistics, October saw a decline in factory activity in China as a result of recurrent Covid outbreaks. According to the report, the official purchasing managers' index for manufacturing decreased from 50.1 in September to 49.2 last month.
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