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JPMorgan Says Stocks Are Imperiled as a Slowdown Is Set to Hit Earnings
Many analysts are convinced it’s time to pile into stocks on hopes the US economy will buck a hard landing in 2024.
Margin Calls From Clearinghouses Seen Stoking Future Crises
Central clearinghouses that hold $1T in liquid assets may exacerbate periods of financial stress creating “margin spirals” that can push down prices.
Vanguard Announced Phase Out of its Automated Financial Advice Program
The program, known as Invest for AmEx by Vanguard, stopped enrolling new clients as of Nov. 15 and slated for complete discontinuation by February 29.
Prominent Swiss Bank, Banque Pictet, Conceals $5.6 billion From U.S. IRS
In a sophisticated scheme, Banque Pictet, concealed over $5.6 billion in assets from the United States Internal Revenue Service.