US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023

2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as

Gold Slides on Higher US Treasury Yields, Dólar

Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and

IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed

When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (FMI) blog post has said. According to the authors of the blog post, the transition to acleaner economy

Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Además,…

‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change

At around 7:30 soy. hora del Este, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 por unidad. Precious metals, or PMs, like gold and silver, also rose between 1.98% y 2.12% contra los estados unidos. dollar over the

Los datos de inflación de EE.UU. alivian las preocupaciones; Saltos de la criptoeconomía 11% Más alto mientras los analistas del mercado anticipan la próxima decisión de la Fed

Los Estados Unidos. El Departamento de Trabajo publicó el índice de precios al consumidor. (IPC) informe el martes. Aunque la inflación aumentó en febrero año tras año, se esperaba el aumento, y la tasa de inflación anual para todos los artículos fue 6%. El enfriamiento de la inflación ha aliviado algunas preocupaciones, pero…

Cripto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens

Equity markets began the day in the red following the latest corporate earnings reports from some of the worlds largest firms, including Microsoft. The tech giants recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments,…

Informe del Banco Mundial pronostica sombrías perspectivas económicas mundiales, Citando “acontecimientos adversos” y una “desaceleración duradera”

es enero. 10, 2023, el Banco Mundial publicó su informe Perspectivas Económicas Globales, afirmando que las perspectivas para la economía global y las condiciones económicas futuras son sombrías. Según el informe, 2023 Las previsiones de crecimiento se han recortado en todos los ámbitos., con…