Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but higher borrowing costs will last longer than a flash. The nonbank sector—made up of the thousands of private-equity funds, hedge funds, and insurance companies—now plays role the biggest banks used […]
Opinion: ‘Young people know more about TikTok and Minecraft than money.’ Teenagers want to be smarter about finances — teach them.
A recession looms, inflation has skyrocketed, interest rates are rising, and many Americans’ personal finances are in jeopardy. The financial knowledge necessary for students like myself to navigate these turbulent times is in short supply, but the demand is high. The circumstances of peoples’ economic struggles are complex and systemic, as are the potential solutions. But there […]
Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but higher borrowing costs will last longer than a flash. The nonbank sector—made up of the thousands of private-equity funds, hedge funds, and insurance companies—now plays role the biggest banks used […]
FAA says contractor unintentionally caused last week’s air-traffic outage
The Federal Aviation Administration said Thursday that a contractor working for the air-safety regulator had unintentionally deleted computer files used in a pilot-alert system, leading to an outage that disrupted U.S. air traffic last week. The agency, which declined to identify the contractor, said its personnel were working to correctly synchronize two databases—a main one and […]
Afraid of a recession and not ready to retire? Do this.
With talks of company layoffs and a possible recession, it’s prudent for older Americans who aren’t quite ready to retire to have a backup plan. Retirement Tip of the Week: Look over your resume, go through your list of contacts, brush up on any skills you need for your job and pretend you’re applying for […]
Big Banks Might Face Breakup, Top Regulator Says
PoliticsActing Comptroller of the Currency says size and complexity can make banks too big to manage Source link
Russia’s global energy leverage is lessening as full-scale war in Ukraine nears 1-year mark
Russian President Vladimir Putin‘s use of energy as a weapon of financial war is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence. Western sanctions, falling prices for Russian fossil fuels and strategic miscalculations are hurting the country’s oil-and-gas industry while the war in Ukraine is poised to stretch into a […]
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keeping their heads above water.A day after December inflation data showed price increases coming off the boil – but still high — fourth-quarter earnings showed some […]
Supreme Court investigators narrowing suspects in leak of Alito draft of decision overturning Roe v. Wade
WASHINGTON — Supreme Court investigators probing the May leak of Justice Samuel Alito’s draft opinion overruling Roe v. Wade have narrowed their inquiry to a small number of suspects including law clerks, but officials have yet to conclusively identify the alleged culprit, people familiar with the matter said. A day after the draft opinion was published last year […]
Genesis, Winklevoss twins’ Gemini crypto venture charged by SEC with selling unregistered securities
U.S. securities regulators on Thursday charged Genesis Global Capital and crypto exchange Gemini Trust Co. with offering and selling of unregistered securities to retail investors, bypassing disclosures and other requirements aimed at protecting market participants. Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors through unregistered offers, […]