A worker moves bananas inside a Walmart in North Bergen, New Jersey. Eduardo Munoz Alvarez | Power Amplifiers Budgets are getting tighter for some shoppers already struggling to pay their grocery bills. This month, emergency pandemic-related funding from the Supplemental Nutrition Assistance Program (formerly Food Stamps), ends in most statesreducing food expenditures for many low-income … Read more
‘Think of the unthinkable’: IMF chief warns world is very different after crisis like Covid Bloomberg/Contributor/Getty Images International Monetary Fund Managing Director Kristalina Georgieva said on Sunday that while actions in advanced economies have eased market stress, risks to financial stability have increased and called for continued vigilance. The IMF chief reiterated her view that … Read more
Sector-specific ETFs appear to be gaining popularity as a way to cushion the impact of bank turmoil. According to VettaFi’s Todd Rosenbluth, this trend applies to ETFs that only hold a handful of large companies in a particular industry. “[They’re] will be complementary to a broader S&P 500 strategy,” the firm’s head of research told … Read more
Images of destroyed armored vehicles define the war in Ukraine. In the early weeks of the conflict, tanks seemed obsolete as mobile anti-tank infantry, precision artillery and drones repelled Russian armored columns intent on encircling the capital, Kiev. “Russian tanks are not doing well,” said William D. Hartung, a senior fellow at the Quincy Institute. … Read more
Thursday, March 23, 2023 at the First Citizens Bank branch in Dunwoody, Georgia. Elijah Nuviraqi | Bloomberg | Getty Images Regulators reassured the public that the banking system is safe, as new figures showed customers recently withdrew nearly $100 billion in deposits. Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and a dozen other officials … Read more
Square Inc. CEO Jack Dorsey (second from right) tours the floor of the New York Stock Exchange (NYSE) in New York, USA, on Thursday, November 19, 2015. Jana Paskova | Bloomberg | Getty Images Check out the companies making headlines in midday trading. jam — Shares fell nearly 3 percent after falling nearly 15 percent … Read more
Deutsche Bank Shareholders Meeting Arne Dider | Image Alliance | Getty Images Deutsche Bank Shares in the German lender fell on Friday as markets panicked over the stability of Europe’s banking sector, while the cost of insuring against default soared. Yet many analysts are scratching their heads as to why the bank, which has been … Read more
According to Bank of America, commercial real estate could be the next danger point in the faltering U.S. financial sector. A warning sign: Spreads on commercial mortgage-backed securities compared to U.S. Treasuries are at their widest since May 2020, according to investment strategist Michael Hartnett. “As lending standards for CRE loans tighten further, CRE is … Read more
German Chancellor Olaf Schulz said Deutsche Bank was profitable after its shares fell more than 10 percent during European trading. Ludovic Marin | AFP | Getty Images BRUSSELS – European leaders were keen to emphasize on Friday that the region’s banking sector is continuing to Deutsche BankA sudden drop when the market opens for trading. … Read more
American Warehouse Club Industries, which includes Costco, Sam’s Club and BJ’s Wholesale It’s worth more than $320 billion, according to ResearchAndMarkets.com estimates. The format is simple: membership payment shopping fee. In return, they get low-priced goods and services in a warehouse environment. With more than 65 million paying members, Costco controls the largest market share.but … Read more