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Tag: Recessions and depressions

Asia stocks follow Wall St down after US recession warning

April 13, 2023April 13, 2023 · US News

BEIJING — Asian stock markets declined Thursday after the Federal Reserve said its economists expect a “mild recession” this year. Shanghai, Hong Kong, Seoul and Sydney retreated. Tokyo…

Read more Asia stocks follow Wall St down after US recession warning

Asian shares higher after report shows resilience in US jobs

April 10, 2023April 10, 2023 · Breaking News

Shares were mostly higher in Asia on Monday after a report Friday showed resilience in the U.S. jobs market. European markets were closed for Easter holidays. Benchmarks rose…

Read more Asian shares higher after report shows resilience in US jobs

Asian shares higher after report shows resilience in US jobs

April 9, 2023April 9, 2023 · Finance

Shares were mostly higher in Asia on Monday after a report Friday showed resilience in the U.S. jobs market. Benchmarks rose in Tokyo and Seoul but fell in…

Read more Asian shares higher after report shows resilience in US jobs

Major trading platform CEO sees signs of a bond ETF revival

April 7, 2023April 8, 2023 · World News

Demand for bond ETFs appears to be rising. According to MarketAxess CEO Chris Concannon, there are signs Treasury ETFs are on the cusp of substantial inflows. “We’re about…

Read more Major trading platform CEO sees signs of a bond ETF revival

Yields, expectations for rate hikes rise after jobs report

April 7, 2023April 7, 2023 · Finance

NEW YORK — Yields are rising in the U.S. bond market Friday following a highly anticipated report on the U.S. job market. The U.S. stock market is closed…

Read more Yields, expectations for rate hikes rise after jobs report

Asian shares mostly fall amid worries about slowing economy

April 6, 2023April 6, 2023 · Breaking News

TOKYO — Asian shares were trading mostly lower Thursday as investors turned their attention to upcoming earnings reports and other economic indicators. Japan’s benchmark Nikkei 225 shed 1.3%…

Read more Asian shares mostly fall amid worries about slowing economy

Asian shares mostly fall amid worries about slowing economy

April 6, 2023April 6, 2023 · Finance

TOKYO — Asian shares were trading mostly lower Thursday as investors turned their attention to upcoming earnings reports and other economic indicators. Japan’s benchmark Nikkei 225 shed 1.3%…

Read more Asian shares mostly fall amid worries about slowing economy

Asian shares mixed after Wall St dips on weak economic data

April 5, 2023April 5, 2023 · Finance

TOKYO — Asian shares were trading mixed Wednesday following a decline on Wall Street after reports on the U.S. economy came in weaker than expected. Japan’s benchmark Nikkei…

Read more Asian shares mixed after Wall St dips on weak economic data

Asian shares mixed after Wall St dips on weak economic data

April 5, 2023April 5, 2023 · US News

TOKYO — Asian shares were trading mixed Wednesday following a decline on Wall Street after reports on the U.S. economy came in weaker than expected. Japan’s benchmark Nikkei…

Read more Asian shares mixed after Wall St dips on weak economic data

Credit Suisse chief admits failure, anger to shareholders

April 4, 2023April 4, 2023 · World News

ZURICH — The chairman of Credit Suisse apologized Tuesday to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt as the troubled Swiss…

Read more Credit Suisse chief admits failure, anger to shareholders

Here’s how banks fail

April 3, 2023April 3, 2023 · Banking

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The recent collapse of Silicon Valley Bank, Signature Bank and Credit Suisse is a harsh…

Read more Here’s how banks fail

‘SVB’s failure could and should have been prevented’: Experts argue for better regulation and supervision by the Fed

April 3, 2023April 3, 2023 · Banking

Like any other trusted institutions, banks are capable of failing. Over 550 banks have collapsed since 2001, according to the Federal Deposit Insurance Corp. Nonetheless, the recent collapse…

Read more ‘SVB’s failure could and should have been prevented’: Experts argue for better regulation and supervision by the Fed

Spiraling housing prices spark worry about Hawaii’s future

April 3, 2023April 3, 2023 · Breaking News

WAIANAE, Hawaii — Tedorian Gallano would like to buy a house for his wife and three youngest children in Hawaii, but real estate prices soared so high eight…

Read more Spiraling housing prices spark worry about Hawaii’s future

Yellen seeking more regulation in aftermath of bank collapse

March 30, 2023March 30, 2023 · Finance

WASHINGTON — Weeks after the failure of two banks, Treasury Secretary Janet Yellen planned to call Thursday for tighter financial regulations. The public push is part of a…

Read more Yellen seeking more regulation in aftermath of bank collapse

Average Wall Street bonuses dipped 26% to $176,700 last year

March 30, 2023March 30, 2023 · US News

Average Wall Street bonuses dropped sharply last year to $176,700 amid lagging profits and recession fears NEW YORK — Average Wall Street bonuses dropped sharply last year to…

Read more Average Wall Street bonuses dipped 26% to $176,700 last year

US revises down last quarter’s economic growth to 2.6% rate

March 30, 2023March 30, 2023 · Finance

The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade…

Read more US revises down last quarter’s economic growth to 2.6% rate

Asia stocks mostly rise after Wall St rally, bank fears ease

March 30, 2023March 30, 2023 · Breaking News

TOKYO — Asian shares were mostly higher Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks receded.…

Read more Asia stocks mostly rise after Wall St rally, bank fears ease

Fed official: Bank rules under review in wake of SVB failure

March 28, 2023March 28, 2023 · US News

WASHINGTON — The Federal Reserve’s bank supervisors informed Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a…

Read more Fed official: Bank rules under review in wake of SVB failure

Brazil has a new biggest favela, and not in Rio de Janeiro

March 28, 2023March 28, 2023 · World News

SOL NASCENTE, Brazil — The buzzing main avenue of this poor Brazilian neighborhood is filled with people popping off buses after work or grabbing a bite. Teens attend…

Read more Brazil has a new biggest favela, and not in Rio de Janeiro

Global shares mostly rise on relief over US bank strength

March 28, 2023March 28, 2023 · Breaking News

TOKYO — Global shares were mostly higher on Tuesday as investors got some relief from worries over troubled U.S. lenders from a takeover of failed Silicon Valley Bank.…

Read more Global shares mostly rise on relief over US bank strength

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