Major US banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a "mild recession," with inflation and interest rate hikes challenging households and businesses. It seems like big US banks are preparing for a mild recession.
According to experts, Germany's recession is seen as the first falling domino within the EU, given that Germany has long been the flagship and a powerhouse of Europe.
Germany entered a technical recession in...
A country's Gross Domestic Product (GDP) is a general gauge of its economic health. Let's take a look at the $100 trillion global economy, all in one chart.
In a harsh blow to an already-reeling sector, Moody's Investors Service cut its view on the entire banking system to negative from stable.
In March 2022, UN Secretary-General Antonio Guterres warned of a “hurricane of hunger and a meltdown of the global food system” in the wake of the crisis in Ukraine.
Holders of dollars will see their purchasing power plummet, which is not a good thing for ordinary Americans if the US loses reserve currency status, and the fault will lie with the decades of monetary and fiscal...
As a stagflationary environment transitions into what could soon be a global depression, global central banks are frantically raising interest rates to contain inflation. But amidst all this, Saudi Arabia still has plans to construct the largest buildings ever.
Some people attribute the record corporate profits to driving inflation, while others cast doubt on that theory since they believe it is unlikely that a significant change in corporate concentration occurred during the pandemic over the course of just a few years.
The currency Lira has plunged after President of Turkey Erdogan appointed Hafize Gaye Erkan, the co-CEO of the failed First Republic Bank, as the new Central Bank Governor.
Turkish President Erdogan, fresh from his...
According to Bloomberg's Sovereign Debt Vulnerability Ranking, here is the list of countries with the highest default risk.
