Big Short’s Steve Eisman worries investors are too bullish in 2024
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding…
Laos is spiraling toward a debt crisis as China looms large
A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in…
Bond yield jump is not death to equities: BofA’s Savita Subramanian
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a…
UK’s Second Biggest City Declares Financial Distress
Birmingham is home to some 1.1 million people. London: The UK’s second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding.…
Ominous trend spells a hard landing for economy: Lakshman Achuthan
Investors may want to brace for a hard landing. According to the Economic Cycle Research Institute, the recent bank failures reinforce a recession is imminent and there is a chart…
Listen to bankers to fix bank crisis — not Biden or Yellen
The current lull in the banking crisis would be a great time for US policy makers to reflect on how they handled the handful of banks that have bitten the…
BofA’s Rick Sherlund predicts software comeback
Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key…
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from…
United Furniture Industries lays off 2,700 workers as they slept
A big US furniture company this week fired all of its 2,700 employees while they were sleeping, telling them in texts and emails not to come to work the next…
EU Fiscal Oversight Of Greece Ends After 12 Years
Ending the oversight will support Greece’s global marketplace place.(File) Athens: Greece on Saturday concluded 12 years of European Union fiscal surveillance that used to be imposed in go back for…