Michael Burry ‘wrong to say sell’ as Nasdaq 100 enters bull market
“Big Short” hedge fund boss Michael Burry admitted he was “wrong” after delivering an ominous warning urging investors to dump ...
Tag: Economy
US banking chaos ‘definitely brings us closer’ to recession: Fed
The turmoil at First Republic and other embattled US regional banks “definitely brings us closer right now” to an economic ...
Fed President James Bullard expects rates as high as 5.75%
St. Louis Federal Reserve president James Bullard said Friday the US likely will need higher than expected interest rates to contain inflation ...
Federal Reserve hikes key interest rate despite US bank chaos
The Federal Reserve hiked interest rates on Wednesday — a pivotal move that showed the central bank’s resolve to tackle ...
Warren Buffett in talks with WH over banking crisis: report
Billionaire investor Warren Buffett reportedly engaged in talks with top members of the Biden administration as turmoil engulfed the US ...
Egg prices so high, Dollar Tree pulls them from shelves completely
Dollar Tree has pulled eggs from store shelves over prices skyrocketing, the company said. Egg prices have increased by as much as ...
Goldman Sachs lost $200M in recent US banking chaos
Goldman Sachs has taken a major financial hit after the implosion of Silicon Valley Bank and other embattled lenders prompted ...
Silicon Valley Bank’s parent company files for Chapter 11
The parent company of doomed Silicon Valley Bank filed for Chapter 11 bankruptcy protection on Friday after the firm’s rapid ...
Mortgage rates fall for first time in six weeks
The average long-term US mortgage inched back down this week after five straight weeks of increases, good news for homebuyers ...
Goldman Sachs, JPM raise recession probability after SVB
The pressure on small and mid-sized US banks following the swift downfall of SVB Financial Group could further slow the economy, and will likely raise the probability of ...
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