by Bloomberg.com | Dec 21, 2023 | alerts, Markets/Economy
About 1 in every 24 people in England and Scotland has Covid-19, with London the worst-affected area as the highly infectious JN.1 variant spreads rapidly. The prevalence of Covid is also highest in people from 18 to 44 years old, according to a joint report by the UK...
by Bloomberg.com | Dec 20, 2023 | alerts, Markets/Economy
Declining values send more buildings into negative equity Distress threatens ‘dozens to over 300’ banks, report says Falling commercial-property values are raising solvency risks for potentially hundreds of US banks, according to a new report prepared for the National...
by Michael Markowski | Dec 19, 2023 | alerts, Markets/Economy
Another struggling office tower in Downtown Los Angeles has fallen in line both with similar assets in the commercial real estate market and with the wider decline in demand for traditional office space. The value of the 41-story EY Plaza office building has dropped...
by Lance Roberts | Dec 19, 2023 | alerts, Markets/Economy
A recent warning by YahooFinance warns investors to sell their cash and buy bonds and stocks now as the Fed pauses. To wit: “Get out of cash now. Take advantage of some of these incredible things in the fixed-income markets, especially in the belly of the curve. Take...
by Bloomberg.com | Dec 16, 2023 | alerts, Markets/Economy
A run-up in costs for a key ingredient squeezes the $48.8 billion confectionery sector just in time for the holidays. Bonbons and candy canes may dominate the American holiday aesthetic, but US confectionery companies are feeling anything but jolly as they head into...
by John Mauldin | Dec 15, 2023 | alerts, Markets/Economy, Mauldin Economics
If you really want to reduce the federal debt, you don’t have to convince Congress of anything. You can just write a check. The Treasury Department gladly accepts gifts from anyone so inclined. Few are, apparently. So far this year, donations totaled less than $1...
