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Economy
What the next economic recession may look like?
Strategic Wealth Partners President and CEO Mark Tepper and Kaltbaum Capital Management Gary Kaltbaum weigh in on the risk of recession and reacts to Elon Musk looking to cut 10% of Tesla’s workforce. Recessions are notoriously hard…
Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer
A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a…
Judge Approves Deal to Resolve Puerto Rico Bankruptcy
MIAMI — Puerto Rico received approval from a federal judge on Tuesday to leave bankruptcy under the largest public-sector debt restructuring deal in the history of the United States, nearly five years after the financially strapped…
Elon Musk says upcoming recession is ‘actually a good thing,’ and predicts how long it
Bank of America CEO Brian Moynihan provides insight on ‘Mornings with Maria’ from the World Economic Forum in Davos, Switzerland. Tesla CEO Elon Musk, who has gained even more notoriety amid his purchase of Twitter and who has…
Toys R Us bankruptcy lawsuit could shake private equity
Toys R Us is long gone, but its former private equity owners still can't shake it. Driving the news: A U.S. bankruptcy court judge has ruled that a creditor lawsuit can proceed against a group of the bankrupt retailer's former top…
Prefectural rivalry in Japan: Survey reveals which areas compete against each other, and
Competition between prefectures is real, and there’s a reason why it happens.
With a total of 47 prefectures in Japan, there’s bound to be a certain sense of rivalry between some of them, especially when each one proudly boasts its own…
Leading economies at risk of falling into high-inflation trap, BIS says
Leading economies are close to “tipping” into a high-inflation world where rapid price rises are normal, dominate daily life and are difficult to quell, the Bank for International Settlements warned on Sunday. In its annual…
Biden backs Fed Chair Jerome Powell’s likely monetary policy tightening as inflation
US President Joe Biden (L) looks on after announcing Jerome Powell (R) as his nominees for Chair of the Board of Governors of the Federal Reserve Systems during an event at the White House in Washington, DC, on November 22, 2021.Jim…
The Economy Is Headed for a Hard Landing. Larry Summers on Inflation, Recession, and the
Economist Lawrence H. Summers never joined Team Transitory, or the economists, investment strategists, and members of the Federal Reserve who thought inflation would be a temporary phenomenon. Instead, he warned early and often that…
S&P 500 hits record close as Omicron fears ebb
Major indexes climb for 3rd straight sessionMerck's at-home COVID-19 pill gets U.S. approvalWeekly jobless claims unchanged at 205,000Consumer spending increases 0.6% in NovemberIndexes up: Dow 0.55%, S&P 0.62%, Nasdaq 0.85%Dec 23…