February 1, 2024Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate ConcernsNew York Community Bancorp experienced a significant drop in stock value, marking a record plunge as market concerns grew over the bank’s exposure to commercial real estate risks. This downturn comes despite the bank previously benefiting from the struggles of other regional lenders. The decline was triggered by investor apprehension that the bank could signal […] READ MORE February 1, 2024Bankrupt Crypto Lender Genesis Settles SEC LawsuitGenesis Global Holdco LLC has reached a settlement with U.S. regulators to conclude a lawsuit alleging violations of securities laws via its discontinued Gemini Earn program. As part of the settlement, Genesis, a branch of Barry Silbert’s Digital Currency Group, will pay a $21 million fine to the U.S. Securities and Exchange Commission (SEC). However, […] READ MORE February 1, 2024More Americans Apply for Unemployment Benefits But Layoffs Still Historically LowThere’s been a noticeable uptick in Americans seeking jobless benefits, with applications hitting the highest level in nearly three months. Last week, filings for unemployment benefits jumped to 224,000, marking an increase of 9,000 from the week prior. Despite this rise, the broader context shows that layoffs are still significantly low by historical standards. The […] READ MORE February 1, 2024US Job Cuts Rise Sharply in JanuaryIn January, U.S. job cuts surged to the highest level in 10 months, with a 136% increase from December. This spike was primarily seen in the financial and technology sectors due to restructuring efforts. Despite this monthly jump, the year-on-year figures show a 20% decrease in job cuts from January 2023. The financial industry, in […] READ MORE February 1, 2024Regional Banks Continue to TumbleThe U.S. commercial real estate sector, already shaken by the pandemic’s onset, faces renewed distress as New York Community Bancorp and Aozora Bank report significant financial setbacks. This turbulence sent New York Community Bancorp’s shares tumbling and raised alarms across global banking sectors, from New York to Tokyo. The industry struggles with depreciating property values, […] READ MORE February 1, 2024We Are 'Late In the Game' of Controlled Financial DemolitionJoin Mike Maloney in an insightful conversation with Russ Gray about the current state of the financial system. READ MORE February 1, 2024Gold and Silver Price Ratios: An Investor’s GuidePost Content READ MORE January 31, 2024Cash-Strapped Pakistan to Introduce New Series of Currency NotesPakistan is preparing to launch a new series of currency notes, incorporating advanced security features to tackle counterfeiting issues. The State Bank of Pakistan’s Governor, Jameel Ahmed, announced that the updated currency will feature distinctive security identifiers and modern designs. This initiative is intended to enhance the credibility and reliability of Pakistan’s monetary system, and […] READ MORE January 31, 2024HSBC: Commodity Markets Are in a ‘Super Squeeze’Global commodity markets are experiencing a “super squeeze,” as noted by HSBC’s chief economist Paul Bloxham. This situation, characterized by higher prices due to supply constraints rather than a surge in demand, is poised to intensify due to geopolitical and climate risks. This super squeeze is driven by factors such as political uncertainties, climate change […] READ MORE « Previous 1 … 36 37 38 39 40 … 51 Next »
