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Despite Washington (and Wall St) going to great lengths to restore confidence, Moody's warned that banks with substantial unrealized losses that are not captured by their regulatory capital ratios may still be susceptible to sudden losses of market
When skepticism shifts to euphoria as quickly as it has in 2023's stock and bond markets, the comeuppance is apt to be swift.
We all know the story by now: the repeal of Glass-Steagall in 1999 led to the housing bubble, the subprime meltdown and the global financial crisis . . . right?
Wall Street's ravenous appetite for government bills is about to be tested once again, as the Treasury is likely to further ramp up the size of oncoming auctions to rebuild its decimated cash buffer.
Western Alliance Bancorporation (WAL.N) said on Wednesday its first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden collapse of two U.S. mid-sized lenders pulled out funds.
Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession and by 2030 will control a staggering 40% of U.S. single-family rental homes.
A credit default swap (CDS) is a financial derivative that allows investors to hedge or speculate on the credit risk of a particular debt instrument, typically a bond or loan.
On Jan 31st, the "Big Short" Michael Burry tweeted one word: "sell."
Tired of Getting Screwed by Banks, People Yank their Cash Out, Forcing Banks to Pay Higher Interest Rates. Treasury Yields Are a Mess Though
Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.
If yesterday had been National Creepy Crooks Day, JPMorgan Chase would have taken top honors.
When it comes to the Fed's resident Wall Street liaison...
Three months ago, Michael Burry, who will forever be memorialized in the annals of market history as the "Big Short", shocked markets when after a series of extremely bearish statements...
...to Commoditize The Planet's Resources!
To address the large and complex challenges of climate change and the transition to a more sustainable economy, NYSE and Intrinsic Exchange Group (IEG) are pioneering a new asset class based on nature and the benefits that nature provides (termed eco
...like the election rally and asides from a blue wave, would be buying dips...
...UK u-turns, soaring CPI, short-squeezes, endless FedSpeak, and Putin pontifications... what a week.
...and SURGES 800 points in wild trading session
BlackRock said the decline was "primarily driven by the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees."
Yet another ETF launched this week, adding to a total of what feels like millions of new ETFs coming online each year. This one, trading under the symbol "YALL", is called the "God Bless America" ETF.
More than 2,600 executive branch officials have bought and sold shares of companies whose fortunes rise and fall on the policies their agencies enact, a Wall Street Journal investigation has found.
We are getting the feeling when something is supposed to move lower, but it refuses...
Shares of Tesla have pared earlier losses of as much as 6% and are now down about 4% in the pre-market session after the company failed to impress with Friday's "AI Day" and this weekend's announced Q3 deliveries.
As a member of Congress openly brags about a staffer leaving to work for Wall Street, have we reached the point where the political system isn't even hiding legalised corruption anymore?
Friday was a bad day for stocks, and while spoos managed to stage a tiny end-of-day bounce to avoid sliding below the 2022 June closing low of 3,666, one can only describe Friday's action as a crash
"Everything points to another 75 basis-point rate hike by the Fed when it meets next week. The likelihood that it will have to go 'big' again in November is elevated, too."
...On Wall Street. Do you remember the panic that swept through Wall Street in September 2008? Well, a lot of people believe that it is starting to happen again.
BofA's Michael Hartnett, the most accurate strategist on Wall Street who one month ago called the meltup, has a simple message: fade SPX >4328...
The story of how ESG investing began is almost as wonky as its name.
