Retailers Paint a Worrying Picture of American Consumers
The retail sector suffered a severe blow this week. Macy’s and Kohl’s reported significant sales declines, indicating deeper underlying problems. Stock values plummeted across the...
Corporate America Is Hurting on China’s Worsening Economy
China’s worsening economic downturn is negatively impacting major American businesses operating in the country, especially those linked to its declining manufacturing, construction, and export sectors....
The Fed Has Laid the Seeds of a Crisis That Wall Street Can No Longer Ignore
In a concerning move, Fitch downgraded America’s credit rating, emphasizing the country’s growing financial vulnerability due to prolonged Washington dysfunction. The Fed’s attempts to combat...
Is AI's Rapid Rise the New Dot-Com Bubble About to Burst?
Despite the recent tech rally driven by generative artificial intelligence, concerns rise as Nvidia’s shares have almost tripled in 2023, with some attributing this surge...
China Controls Minerals That Run the World—It Just Fired a Warning Shot at U.S.
China’s recent move to impose export restrictions on minerals used in various industries serves as a stark reminder of its control over global mineral resources....
Wall Street Buys More T-Bills, Parks Less at Fed: WSJ
Money-market funds are reducing their cash holdings in a Federal Reserve borrowing program, indicating that market disruptions have been avoided despite efforts to replenish government...
Vacant Offices Are Piling Up in Silicon Valley
Updated June 21, 2023 12:02 am ET Listen to article (2 minutes) Silicon Valley companies are dumping office space at an accelerating pace, as tech...
SEC’s Gary Gensler Had Crypto in His Sights for Years. Now He’s Suing Binance and Coinbase.
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Apple Customers Say It’s Hard to Get Money Out of Goldman Sachs Savings Accounts: WSJ
Some say it has taken weeks to withdraw their money and that the bank’s instructions have differed. [ad_2] Source link...
Office Owners Dump Lesser Buildings for Whatever They Can Get
Listen to article (2 minutes) Some of New York’s best known real-estate developers are unloading their least viable office buildings at deep discounts, cracking open...