May 19, 2025 | Markets
Congressional Republicans risk “fiscal disaster” if a recession hits as they push through sweeping tax cuts, Guggenheim Securities Co-Chair Jim Millstein warned. “What today is 6.4% of GDP as a deficit, a $2.4 trillion deficit, could easily expand to $4 trillion if we...
May 19, 2025 | Markets
Switzerland’s central bank chief gave a vote of confidence to US government bonds even after the world’s biggest economy was stripped of its last top credit rating by Moody’s. “US Treasuries are very liquid,” Swiss National Bank President Martin Schlegel said Monday...
May 19, 2025 | Markets
Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. And...
May 19, 2025 | Markets
China reminded officials around the country to cut wasteful spending on travel, food and office space, adding to signs of an austerity push by President Xi Jinping as economic headwinds strain government budgets. The notice issued by the government and ruling...
May 19, 2025 | Markets
Wall Street’s emerging-market faithful are finally seeing better returns after missing out for years as US stocks soared. Morgan Stanley Investment Management, AQR Capital Management, Bank of America Corp. and Franklin Templeton are among those betting the tables may...
May 17, 2025 | Markets
As global debt skyrockets to an unprecedented $324 trillion in early 2025, the financial world holds its breath, questioning if the long-warned ‘Everything Bubble’ is finally nearing its breaking point. The sheer scale of global indebtedness now casts a...
