No two speculative booms are exactly alike, of course, but they share some common elements. Typically, there is great excitement among investors about new technology—in today’s case, A.I.—and…
Read more The A.I. Boom and the Spectre of 1929What is slowing Canada’s economy down? What’s growing? The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and transportation and warehousing.…
Read more Canada’s economy news: Are we growing enough? – MoneySenseAnxiety over the U.S. economy Despite some signs of cooling, the U.S. economy kept chugging along even with higher rates, outpacing Europe and Asia. Then came last week’s…
Read more Why did the stock markets fall? – MoneySense1. Quiet hiring First, there was the trend of “quiet quitting”: a disgruntled employee doing the bare minimum required for their role. Then there was “quiet firing”: an…
Read more Say what?! 5 financial buzzwords we kept hearing in 2023 – MoneySenseWhen will the Bank of Canada lower interest rates? Soon, said Donald, soon. She went on to suggest the BoC will cut interest rates in early 2024. “Probably…
Read more Is Canada in a recession? A look at the state of our economy – MoneySenseCNN — While the Anglosphere was wracked by a burst of populism in 2016, most European countries proved remarkably resilient. Long-held grievances in the United Kingdom and United…
Read more Why are far-right parties on the march across Europe? | CNNLondon CNN — At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had…
Read more IMF: Banking crisis boosts risks and dims outlook for world economy | CNN BusinessNew York CNN — The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will ripple through the…
Read more JPMorgan’s Jamie Dimon warns banking crisis will be felt for ‘years to come’ | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Who will end up paying for the banking crisis: You | CNN BusinessWashington CNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can anticipate mortgage rates to move…
Read more What the banking crisis means for mortgage rates | CNN BusinessLondon CNN — The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it’s a raw deal for Switzerland. Worries that Credit…
Read more Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Silicon Valley Bank left a void that won’t easily be filled | CNN BusinessLondon CNN — Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed…
Read more UBS is buying Credit Suisse in bid to halt banking crisis | CNN BusinessLondon CNN — Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. The…
Read more Why Silicon Valley Bank collapsed and what it could mean | CNN BusinessWashington CNN — Treasury Secretary Janet Yellen on Sunday ruled out a federal bailout for Silicon Valley Bank following its spectacular collapse last week. “Let me be clear…
Read more Treasury secretary rules out bailout for Silicon Valley Bank | CNN PoliticsLondon CNN — Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down or fall into…
Read more Buying bank stocks before a recession used to be madness. Not anymore | CNN BusinessCNN — Treasury Secretary Janet Yellen on Friday warned of the widespread global effects that could be felt if the federal government exhausts extraordinary measures and fails to…
Read more Yellen warns of ‘global financial crisis’ if US debt limit agreement isn’t reached | CNN PoliticsThe news is abuzz with rumors of the next recession coming in 2023 or 2024. But for most Americans, all of that triggers a sudden panic and a…
Read more What Is a Recession and How Do You Prepare for One?This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — The Nobel in…
Read more The econ Nobel offers a timely warning about central banks’ power | CNN BusinessLondon CNN Business — Pension funds are designed to be dull. Their singular goal — earning enough money to make payouts to retirees — favors cool heads over…
Read more How meltdown in a $1 trillion market brought the UK to the brink of a financial crisis | CNN Business
