The Stark Reality and Geopolitical Tensions Surrounding Taiwan
Ken Griffin, CEO of Citadel, recently articulated stark warning about potential economic repercussions of geopolitical tensions surrounding Taiwan.
The Dollar is Done According to Longtime Finance Luminary Dick Bove
Dick Bove has declared an imminent shift in global monetary dynamics, positing the end of the US dollar's reign as the world's reserve currency.
Bank That Stepped Up Last Year Now In Serious Trouble
(Yahoo!) New York Community Bancorp played the role of rescuer during a 2023 regional banking crisis by purchasing some assets of the failed Signature Bank. Now it is experiencing some trouble of its own.
The stock of the Hicksville, N.Y.-based lender fell 46% Wednesday after it reported a surprise net loss of $252 million for the fourth quarter and announced it slashed its dividend.
It recovered some of those losses by 11:30 a.m. ET, when it was down 34%, but it is still on track to post the largest one-day percentage drop in the stock’s history.
This Week's Data Tells 2 Conflicting Stories About the Economy
Investors looking for earnings this week to wave a magic, clarifying wand over the economic and markets picture may end up being disappointed.
JPMorgan and Citigroup Are Ramping Up Their Investments in Repackaged Loans
Biggest US banks are stepping back into $1.3T market for collateralized loan obligations after 2 years of shying away from investing in securities.