Notable Weekly News


May 2023

05/26/2023

New York City Banking Commission Votes to Approve 26 Depository Banks for Two Years, Limits New Deposits at Capital One and KeyBank

New York, NY – Following the first-ever public hearing held by the New York City Banking Commission today, all three members voted to limit deposits at […]
05/26/2023

Recession is coming and could start this month as ‘we are already slowing,’ says developer of the yield-curve indicator

Campbell Harvey, who pioneered the use of the bond yield curve as an economic indicator, said a contraction could last two or three quarters.
05/26/2023

Morgan Stanley warns stock rally is not the start of a bull market

Morgan Stanley strategist Michael Wilson warned in a Monday note that strong stock gains this year are not indicative of the beginning of a bear market.
05/26/2023

China’s $23 Trillion Local Debt Mess Is About to Get Worse

(Bloomberg) — In 2021, a remote coal town in northeastern China was forced to undergo an unprecedented financial restructuring. Its struggles since are an ominous sign […]
05/26/2023

Fed presidents signal more interest rate hikes needed to cool inflation

Several Federal Reserve officials signaled this week they could support an interest rate hike in June amid signs that inflation still remains too high.
05/26/2023

Investors should put more money in gold and cash as rally in stocks won’t last, top JPMorgan analyst says

A top JPMorgan Chase & Co. analyst who has been warning clients to stay away from stocks all year is doubling down and advising them to […]
05/26/2023

Why investors are going gaga for gold

The precious metal is proving a safe bet amid growing fears of a US sovereign default. How can an investor protect themselves against a US government […]
05/19/2023

Platinum demand predicted to surge this year, leaving a near 1-million-ounce deficit

The previously anticipated platinum shortage will be worse than expected this year due to increased demand, according to the World Platinum Investment Council.
05/19/2023

Plunging Tax Revenue Accelerates Debt-Ceiling Deadline

With pandemic, tax collections boom, then bust: Is federal budget starting to resemble California’s?
05/19/2023

Ray Dalio says politicians will keep raising the debt limit – but doing so will lead to ‘disastrous financial collapse’

The billionaire Bridgewater founder warned that spending more than one earns and financing it with debt isn’t sustainable.
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