US Banks to Report Profit Decline, Prepare for Recession
Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown
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Who Is and Isn’t Feeling the Unofficial Recession?
“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
Americans Spent a Record $212B on Online Holiday Shopping
Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation
Retailers Prepare to Close the Holiday Quarter: This Season was Different
As holiday shopping is coming to an end, the next few weeks would help determine the overall success of the 2022-2023 holiday quarter for retailers – so far, signals are mixed
The Reason for Record Wage Raises Revealed
Wages for many US employees were up between 5.5% – 7.7% in November – the highest increase in 25 years of record-keeping
Are Startups Going Out of Fashion?
Tech startups across the globe are now facing a massive drain of funding from the segment. The total number of startups has also significantly declined. Why does it happen, and what to expect next?
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