New fears over a recession-inducing credit crunch have led U.S. bond market bulls to speculate that the Fed will make the sharpest policy shift in nearly 40 years. floated for a while. Just minutes after the Federal Open Market Committee’s (FOMC) rate hike decision on Wednesday, traders increased speculation that a rate cut was imminent, … Read more
US stocks fell sharply on the 2nd. After a day of relief on Wall Street after the acquisition of First Republic Bank, a selloff in regional bank stocks reignited concerns about financial stability. A broad sell-off in stocks accelerated the flight to safe haven assets. stock closing price Compared to the previous business day Rate … Read more
U.S. job openings fell more than expected in March, while layoffs rose sharply, suggesting a softening in labor demand. Key Point U.S. job openings fell to 9.59 million in March Lowest level in almost two years The median economist estimate is 9,736,000. The previous month was revised upward to 9,974,000 (preliminary figure of 9,931,000). Upper … Read more
Federal Reserve Vice Chairman Barr has called for an overhaul of how the Fed oversees U.S. financial institutions after the failure of Silicon Valley Bank (SVB). Mr. Barr attributed the bankruptcy to poor risk management and a lack of oversight by financial regulators. Vice Chairman Barr was announced on the 28threportIn a letter attached to … Read more
At the Monetary Policy Meeting held on the 28th, the Bank of Japan announced that it would conduct a multilateral review of its policy over a period of one to one and a half years, and that it would abolish its forward guidance, which serves as a policy guideline for the future. Some foreign investors … Read more
Chinese officials, led by President Xi Jinping, have pledged to revive the country’s economy this spring. The aim is to repair the damage caused by years of “zero corona” policies and tightening regulations, but it seems that the withdrawal of funds generated by one of the world’s largest investors is unstoppable. Two pioneering Chinese private … Read more
Warren Buffett, a well-known US investor, has invested in Chinese electric vehicle (EV) maker BYD.BYD), the world’s largest semiconductor contract manufacturing company, Taiwan Semiconductor Manufacturing Co., Ltd.TSMC) was evaluated as a “great company”. However, he has not stopped selling both stocks. Buffett, chairman and CEO of investment and insurance firm Berkshire Hathaway, said in an … Read more
Billionaire investor Warren Buffett said on Thursday that more U.S. bank failures are likely, but depositors can rest assured they won’t lose their money. “Bank failures aren’t over,” Buffett, who heads investment and insurance firm Berkshire Hathaway, said in an interview with CNBC, adding that the “silly decisions” of bank management “displaced all Americans from … Read more
Another challenge looms for monetary authorities trying to keep inflation under control. Surprise production cuts decided by “OPEC Plus”, which consists of the Petroleum Exporting Organization (OPEC) and major oil-producing countries that are not members. Crude oil prices are on the rise again, and the financial authorities are likely to be forced to make a … Read more
The investment losses that led to the failure of Silicon Valley Bank (SVB) are, to varying degrees, a problem that exists throughout the U.S. financial system. The unrealized book losses of the U.S. banking industry on investments in low-yield bonds totaled $620 billion at the end of last year. For many banks, this is a … Read more