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

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

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

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On jaan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. Aruande kohaselt, 2023 growth forecasts have been cut across the board, koos…

Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

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USA. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down…

Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment

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Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” Kuid, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature…

‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’

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Riskifondijuht Michael Burry, kuulus ennustamise poolest 2008 finantskriis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s…

Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’

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Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” sisse 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the…

White House Is Not Preparing for Recession — Chief of Staff Says US Economy Is Strong

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White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” ta rõhutas. Lisaks, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening…

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

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Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on…

Tesla CEO Elon Musk Says Recession Could Last Until Spring 2024

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Tesla and Spacex CEO Elon Musk expects a global recession to last until the spring of 2024. Musk added that his two companies are in good positions but many others are not. “Recessions do have a silver lining in that companies…

Ark Investi tegevjuht hoiatab Föderaalreservile saadetud avatud kirjas, et intressitõusud võivad põhjustada deflatsiooni langust

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Pärast ÜRO kaubandus- ja arengukonverentsi (UNCTAD) teatab, et U.S. Föderaalreserv peaks intressimäärade tõstmise lõpetama, Ark Investi tegevjuht Catherine Wood avaldas USA-le avatud kirja. keskpank palub asutusel raha tõstmine lõpetada…