U.S. banking crisis casting chill over Canadian banks heading into earnings this week

financialpost.com U.S. banking crisis casting chill over Canadian banks heading into earnings this week U.S. bank failures have invited additional scrutiny of banks with operations in the…

roundup: 10 questions to ask a VC, AI and antitrust, Japan investor survey

techcrunch.com The nature of my work isn’t cyclical: VC activity has slowed down dramatically this year, but I still keep pretty busy. According to the National Venture Capital…

Top Saudi banks maintain profitability in Q1 despite global headwinds: Alvarez & Marsal

arabnews.com RIYADH: Saudi Arabia’s top banks have continued to register steady earnings growth while maintaining profitability despite global headwinds amid rising interest rates,…

Oil falls as economic fears overshadow Saudi output cut

reuters.com Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about global economic growth outweighed Saudi Arabia's pledge to…

China ‘Likely to Cut Rates’ in Second Half, State Researcher Says

asiafinancial.com China is likely reduce interest rates and the reserve ratio that banks must maintain in the second half of this year, a state researcher has said. The news on probable moves…

China may cut rates further in H2, government researcher says

reuters.com China will likely further cut banks' reserve ratio and interest rates in the second half of this year to support the economy, the China Securities Journal reported on…

Oil prices fall as economic fears overshadow Saudi output cut

theglobeandmail.com Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about the global economic growth outweighed Saudi Arabia’s…

Bank of America Predicts Milds Recession After Fed’s Tightening Action

news.bitcoin.com Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be…

Macro 101 for Crypto Investors

medium.datadriveninvestor.com A record influx of people flooded the financial markets during the pandemic — many first-time investors. • Enthusiastic finfluencers all too eager to fan the FOMO; and •…

Australia stocks fall as central bank hikes again; Asia markets mixed

cnbc.com A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18,…

Oil falls as global backdrop outweighs Saudi output cut

investing.com Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed supply worries raised when Saudi…

US Federal Reserve’s Banking Upgrade Can’t Outpace Crypto

beincrypto.com Banking and money transfers in the United States can often be a painstakingly slow process. Unlike in many countries where the transfer of funds can occur instantaneously,…

Investors Flock to Active Managers

institutionalinvestor.com Asset inflows to active managers increased in the first quarter amid rising interest in emerging market and credit strategies, according to Investment Metrics. Asset flows…

US banks could face 20% hike to capital requirements - WSJ

finance.yahoo.com U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average, the Wall Street Journal reported on Monday,…

Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers

yahoo.com FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. Leading…

Stock markets are ignoring a ‘laundry list’ of risks, strategist says

cnbc.com Traders work on the floor of the New York Stock Exchange (NYSE) May 30, 2023. Stock markets are ignoring a "laundry list" of potential risks in their recent bull run, and a…

Oil Updates

arabnews.com RIYADH: Oil prices were up nearly $1 a barrel on Monday after Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures were…

IMF Chief Assures Robust Lending despite Economic Uncertainty

coinspeaker.com Coinspeaker IMF Chief Assures Robust Lending despite Economic Uncertainty In a recent interview with CNBC, Kristalina Georgieva, the Managing Director of the International…

IMF’s Kristalina Georgieva reportedly sees no significant slowdown in lending

theglobeandmail.com The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle,…

Dollar guaranteed to lose value

cryptodaily.co.uk Within the economic monetary system, continuous printing of fiat currency means that the purchasing power of the dollar is always falling. Bitcoin is scarce with a fixed…

Dollar edges up as markets weigh chances of Fed rate hike

investing.com The dollar edged up against major peers on Monday, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust…

Markets Week Ahead: S&P 500, Gold, US Dollar; US ISM, Euro Area Retail Sales, RBA, Japan Econ Watchers, China Inflation

dailyfx.com Global equity markets rose, led by solid gains in US equities, as markets cheered the passage of a debt ceiling bill that averted a catastrophic US default. Debt…

Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens

news.bitcoin.com Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for…

Saudi Arabia to cut oil output by 1 million barrels per day to boost slumping prices -

touzafair.com Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude after two earlier production cuts by…

Saudi Arabia cutting oil supply in move that could raise gas prices

cbsnews.com Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by…

Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap

finance.yahoo.com A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to…

IMF chief says there's no significant slowdown in lending and the Fed may need to do more

cnbc.com Georgieva says she had to work "twice as hard" to be equal to her male colleagues. The International Monetary Fund has yet to see enough banks pulling back on lending that…

The Junkiest Junk Bonds Feel The Pain of Economic Decline

finance.yahoo.com The riskiest corporate bonds are dropping as signs of economic weakness spread, raising the specter of more defaults and distress. • None US-China Handshake Fails to Stem…

Bitcoin little-changed around US$27,000, Ether treads water; Solana, XRP gain

forkast.news Bitcoin traded little changed on Monday morning in Asia to hold above the US$27,000 threshold. Ether also traded flat, along with most other top 10 non-stablecoin…

Saudi Arabia is cutting oil production in move that could push U.S. gas prices higher

finance.yahoo.com Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by…

Saudis to cut oil output by 1 million barrels per day to boost slumping prices

aol.com Saudi Arabia said Sunday that it will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude after two previous…

Saudi Arabia to cut oil output by 1 million barrels per day to boost slumping prices

abcnews.go.com FRANKFURT, Germany -- Saudi Arabia said Sunday that it will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude…

Saudi Arabia cuts oil output by 1 million barrels per day to boost sagging prices

politico.com FRANKFURT, Germany — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude after two earlier…

After Month of Pain, Euro Bulls Look to Fed Pause for Relief

finance.yahoo.com Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk the common currency. • None Amazon…

Rising rates are exposing weak spots in the financial system and the next flashpoint could be real estate

financialpost.com “The next place where things usually blow up in rising interest rate environments is situations where (institutions) were playing the carry trade — borrowing short term and…

Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July

news.bitcoin.com Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate…

‘When I ran it past the missus, she went ballistic’: I want to buy a $40,000 car, but my wife said no. Then things really got weird

marketwatch.com My wife and I enjoy two week-long vacations a year to the local seashore, and we generally live well within our means. I’m convinced we can afford a new-car payment, but my…

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly it’s hastening the long-feared recession

fortune.com Economist Steve Hanke has forged a 50-year career as a global “money doctor,” advising heads of state and finance ministers from Indonesia to Kazakhstan. He’s currently…

The awkward economic truth: A recession might be just what Canada needs

theglobeandmail.com This time last year, the R-word was on everyone’s lips – and panic was setting in. With energy prices soaring and consumers rushing back to restaurants and hotels, annual…

Good For Crypto: FDIC Says Record $472 Billion Withdrawn By US Depositors

bitcoinist.com Crypto could be enjoying some boost in price and adoption as the latest report from the Federal Deposit Insurance Corp. showed that deposits of about half a trillion dollars…

Fed’s Predicament is Bitcoin’s Opportunity: Why New Highs Are Possible In 2023

bitcoinist.com Despite recording small profits over the past few days, Bitcoin has been unable to break above its current range. As the macroeconomic landscape changes, the number one…

Bank of Canada to hold rates this year, but high risk of at least one more hike, economists say

theglobeandmail.com The Bank of Canada will keep its key interest rate on hold at 4.50 per cent for the rest of this year, according to a majority of economists polled who however said the risk…

Hong Kong leads global market rally with best day in three months

edition.cnn.com Global stocks climbed Friday, led by a resurgent Hong Kong market, as investors greeted signs that the US Federal Reserve may hold off raising interest rates this month, the…

Mark Hulbert: Americans expect inflation to stay painfully high. That’s good news for stocks

marketwatch.com Headline inflation may have come down over the past year, but consumers’ expectations about future inflation have not. In fact, five-year expected inflation has been inching…

Silvergate Ordered to Submit Liquidation Plan Within 10 Days

cryptopotato.com One of two crypto-friendly banks that provided much-needed liquidity for the industry – both of which went bankrupt earlier this year – Silvergate Bank, has been ordered to…

Patience Is Beautiful [long article]

cryptohayes.substack.com The weekend before I travelled to Miami for this year’s edition of the annual celebration of our Lord Satoshi (aka the Bitcoin Conference), I hung out in Tokyo. Most of my…

Respite for oil market amid rate hike worries

arabnews.com RIYADH: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on the US debt ceiling bill were offset by a report of…

Foreigners pull more money out of China in May

reuters.com Foreign investors' selling of Chinese shares gained some momentum in May, as flagging domestic demand and expectations for weak corporate earnings led to steep falls on…

Michael Novogratz says Bitcoin will soon be ‘off to the races’

coinjournal.net Bitcoin ended May down 8.0% – its worth month since November. Galaxy Digital CEO Michael Novogratz is still bullish on BTC. He explained why this morning on CNBC’s “Squawk…