US durable goods orders unexpectedly jump 1.2% in February

March 25, 2020


New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict measures to contain the coronavirus pandemic sap demand and push the economy into recession. Orders for durable goods, items ranging from toasters […]

Gold prices recover from lowest levels of year

March 19, 2020

Gold prices recovered some ground Thursday, after seeing the lowest levels of the year, as governments and central banks made moves to support the global economy, which has suffered under the spread of the COVID-19 pandemic. Recent losses in global […]

Coronavirus May Light Fuse on ‘Unexploded Bomb’ of Corporate Debt

March 11, 2020

To grasp why the most important central banks — from the Fed to the Bank of England to the Bank of Japan —- are now leaping into action as if the world were on fire, it helps to examine the […]

Activity, Investment Banking, Trading

Bank of America Has Been Crushed – Here Is the Stock’s Must-Hold Long-Term Support

March 24, 2020

Via: TheStreet

With the federal-funds rate going to near zero, energy stocks collapsing alongside the price of oil, and stock market volatility roaring, the bank stocks have been crushed. Two months ago Citigroup (C) – Get Report, Morgan Stanley (MS) – Get […]

Activity, Capital and Risk, Insurance, Operational

Putting a price on protection: the importance of cyber insurance

March 23, 2020

Via: Finextra

For almost as long as businesses have been subject to risk, some form of insurance has existed to mitigate their exposure. The first recorded commercial insurance policies date back to Babylonian times, and in the thousands of years since, the […]

Capital and Risk, Macroeconomic

Fed is now effectively the ‘lender of last resort’ to Main Street not just Wall Street

March 23, 2020

Via: Market Watch

During the 2008 financial crisis, the Federal Reserve was stung by criticism that its lending programs to get credit flowing in the economy benefitted Wall Street not Main Street. Former Fed Chairman Ben Bernanke, in an unprecedented effort to counter […]