Indian RBI May Go in for 25 b.p. Interest Rate Hike in Monetary Policy Meeting Next Month
With retail inflation remaining above the comfort level of 6 per cent and most global peers including US Fed continuing hawkish stance, the Reserve Bank of India too may go in for a 25 basis points hike in the bi-monthly monetary policy to be announced on April 6, opined experts.
JPMorgan Says U.S. is Probably Headed for Recession as Economic ‘Engines about to Turn Off’.
A series of banking crises this month headlined by the failure of Silicon Valley Bank has forced analysts from multiple banks, including JPMorgan Chase, to rewrite their recession forecasts from scratch,
Goldman Call on ESG Debt Paves Way for a Hedge Fund’s Big Short
Credit strategists at Goldman Sachs pointed out that the long-standing premium on debt targeting environmental, social and governance goals had been consigned to history.
Black Wednesday? Credit Suisse Stock Nosedives 78% from 1-year High, Sparks $60 bn Rout in European Banks
Trading was halted in some of the European banks including Credit Suisse on Wednesday March 15 to tame the steep plunging, however, that did not stop the company's stock to hit a record low.
Celebrity Mark Cuban Urges Fed to Buy Silicon Valley Bank Debt ‘Immediately,’ Saying It’s ‘Not the Wealthy Taking the Hit’
On Friday, March 10, the bank failed following a bank run that saw investors and depositors trying to withdraw $42 billion on Thursday alone.
Delta Air Lines Options Traders Betting Stock Will Continue Flying Higher
Delta Air Lines (DAL) shares moved higher on Tuesday and Wednesday before the broad selloff instigated by Fed’s rate hike pessimism, after Evercore ISI upgraded the stock from In-Line to Outperform and raised its price target from $40 to $47.
Hawkish Comments from Fed's Powell Send Dow, Nasdaq, S&P 500 Sharply Lower
Hawkish comments from Federal Reserve Chair Jerome Powell sparked Wall Street selling on Tuesday, as hopes further dimmed that the central bank would be able to halt its interest rate hiking in the near future.
60% of Americans Live Paycheck to Paycheck — ‘Inflation is Part of Their Everyday Lives,’ Experts Say
As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report.
California Faces Blizzard Threat as Winter Storm Causes Outages across U.S.
As rare blizzard warnings were issued for the Southern California mountains, combined outages due to ice, high winds and heavy snow across the U.S. left more than 800,000 customers without power as of early Friday February 24.
SME IPO: Sealmatic India's Initial Public Offering (IPO) Subscribed by 45% on the First Day.
The issue received strong demand from retail investors.
Inflation Cooled Just Slightly, With Worrying Details
Inflation has slowed from its painful 2022 peak but remains uncomfortably rapid, data released Tuesday showed, and the forces pushing prices higher are proving stubborn in ways that could make it difficult to wrestle cost increases back to the Federal Reserve’s goal.
S&P Global: Strong Hints at Impending Stock Price Recovery
S&P Global (NYSE:SPGI) has been one of the best compounders in the past decade, with its share price up over 750% during the period, comfortably beating the return of the S&P 500 index.
Goldman Sachs Cuts U.S. Recession Odds to 25% on Strong Labor Market
After calling for a recession during the first half of last year and then for much of the latter half saying one was likely in 2023,
Economists Project China GDP to Record over 6 Percent Growth at Most in 2023, Injecting Impetus into Global Economic Recovery
International organizations and investment banks intensively raised their projections for China's economic growth in 2023 following impressive recovery of the country's consumption market during the Spring Festival holidays.