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The Fed Is ‘Scared to Death’ of a Slight Downturn

On Thursday's broadcast of Fox Business Network's “Kudlow,” Breitbart economics editor John Carney said the Federal Reserve is “deadly afraid” of deflation. Anchor Larry Kudrow said: I believe that we are on the way to eliminating deflation, and I do not think there will be any problems in eliminating deflation. ” “Especially with the recent […]

EUR/USD Price Update: German PMI Points Towards Shallow Downturn – DailyFX

euro analysis Germany’s manufacturing and services sectors register a slight surprise to the upside EUR/USD rises but returns to levels observed before the announcement There is little to suggest that volatility could decline this week as markets look ahead to a 2024 rate cut cycle. In this article’s analysis, chart pattern and the key support […]

We Have ‘to Hope for a Bigger Downturn Somewhere’ to Lower Gas Prices — SPR Is Drained

On Wednesday’s broadcast of Bloomberg’s Surveillance, co-hosts Jonathan Ferro and Lisa Abramovich said the White House had a clear strategy for dealing with gasoline prices after Saudi Arabia and Russia extended oil cuts. Lacking, said we are heading in that direction. The Strategic Petroleum Reserve (SPR) is “extremely depleted, and it’s unclear what levers can […]

Crypto Analyst Issues Dogecoin and Shiba Inu Alert, Warns Traders To ‘Wait and See’ Amid Market Downturn – The Daily Hodl

As the market continues to show bearish signs, widely-held crypto traders are warning of dog-themed memecoins Dogecoin (DOGE) and Shiba Inu (SHIB). Pseudonym Analyst, Altcoin Sherpa To tell His 11,000 YouTube subscribers say they could witness a tough correction move if Dogecoin loses near-term support levels. “[DOGE] This last major level has returned to $0.057. […]

Charles Schwab plans to cut jobs, close offices as downturn hits Wall Street

Brokerage firm Charles Schwab said Monday that it plans to cut jobs to combat cost pressures and will join a list of Wall Street firms following a similar path. However, the company did not disclose how many employees it plans to lay off. Several companies across America, including Wall Street banks, have laid off workers […]

‘We’re on the Cusp of a Major Economic Downturn” in 2024

Republican presidential candidate Vivek Ramaswamy predicted a 2024 recession to Tucker Carlson on his eponymous show, telling him: Tucker tweeted, that It will lead to the frustration of the American people, and it may spark a positive, “creative” or negative, “destructive” revolution in what it has endured. , he says. Ramaswamy and Carlson talked For […]

REPORT: Real Estate Downturn Could Destroy More Than 300 Banks

An analysis released in early June suggested that more than 300 banks could be at risk if the current commercial real estate downturn continues. Some 300 banks have so many loans on their books dedicated to commercial real estate that if the economy crashes in the worst-case scenario, all of their Tier 1 capital could […]

Morgan Stanley plans to lay off 3,000 more workers amid downturn

Morgan Stanley is reportedly planning to lay off another 3,000 employees, or 3.6% of its workforce, in the second quarter of this year. Slow trading and a tough economic environment are causing investment banks, which employ 82,000 people worldwide, to consider their workforce. A source told Reuters. The company’s banking and trading groups are expected […]

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