by WallStreet-Now.com | Feb 1, 2024 | alerts, Markets/Economy
Goldman Sachs warns of significant U.S. stock market downturn Factors include high leverage, poor tech earnings, Fed rate stance Key Takeaway Goldman Sachs’ Scott Rubner warns the US stock market could face significant declines, citing recent S&P 500 losses...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Lenders face debt maturities, lower values after thaw in deals Multifamily also a focus following change in New York rent law The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp delivered a...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Aozora Bank Ltd. shares plunged by the allowable limit after it forecast a loss for the year because of investments in the US commercial property sector. The bank announced that it expects to post a net loss of 28 billion yen ($191 million) for the fiscal year,...
by AllThingsFinance | Jan 31, 2024 | alerts, Markets/Economy
JPMorgan Chase CEO Jamie Dimon warns that the global economy is teetering on the brink due to soaring government debt, predicting a significant collapse of markets and federal institutions. A $34.14 Trillion Nightmare The U.S. national debt has reached a staggering...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Loan-loss provision soars on sign of weakening credit quality Bank is also bolstering balance sheet for stiffer regulation New York Community Bancorp, one of the winners as regional lenders struggled and collapsed last year, plunged by a record as investors worried...
by BusinessInsider.com | Jan 31, 2024 | alerts, Markets/Economy
There’s a recession looming that threatens to hammer stocks, David Rosenberg says. The veteran economist said the potential sell-off makes 2022’s decline look like an “appetizer.” The economy is barreling toward a recession — and it could...
