Markets
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Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain…
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United States May Fund Its Deficit By Printing More Money; Could Default By June 1st
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains that the United…
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United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected
Financial markets worldwide are abuzz with talk of the US Federal Reserve’s (Fed) upcoming decision to raise its benchmark lending rate to…
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BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen…
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Ray Dalio; The Federal Reserve Is Setting Off A “Terrible Calamity”
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains the banking…
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JP Morgan, PNC Race To Acquire Troubled First Republic Bank
JPMorgan Chase & Co. and PNC Financial Services Group Inc. are bidding to take over the assets of First Republic Bank from…
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FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments
FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release from FTA announced that they have partnered with the Federal Reserve…
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U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks
U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will…
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An Acute Case Of Bank Run; How Depositors Wiped Out US$75B From Credit Suisse
What Is A “Bank Run”? A bank run is a situation in which many people withdraw their money from a bank at…
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Recession Fears And A Slow Labour Market Exert Pressure On Stocks
There are concerns the global economy could be headed to a recession; something combined with a slowing labour market and rising unemployment,…