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Citigroup’s Equity Strategist Says $2,000,000,000,000 Deficit Is Good for Economy and S&P 500 Earnings – Here’s Why

Citigroup’s US equity strategist Scott Chronert says the ballooning US budget deficit could have a positive impact on the economy.…

May 29, 2025

US Banks See $70,600,000,000 in Profits in First Quarter As Non-Interest Income Jumps: FDIC

The US banking industry saw a rise in profits in the first quarter of the year driven by a jump…

May 28, 2025

$65,000,000,000 Pension Fund Issues Warning to US Money Managers, Says Industry Abandoning ‘Basic Principles of Stewardship’: Report

The $65 billion Dutch pension fund PME is reportedly warning US money managers not to abandon their "basic principles of…

May 27, 2025

Tether Now Owns $125,000,000,000 in US Treasuries, Surpassing Germany, UAE, Spain and Australia: CEO Paolo Ardoino

The CEO of Tether Holdings, Paolo Ardoino, is highlighting that the USDT stablecoin is largely backed by an asset widely…

May 27, 2025

Half of Gen Z and Millennials Have Invested in Crypto Assets, According to New Gemini Report

A new study conducted by the US-based crypto exchange Gemini confirms the idea that digital asset ownership skews to the…

May 27, 2025

Billionaire Chamath Palihapitiya Sounds Alarm on US Debt Crisis, Warns of Credit Downgrade, Treasury-Dumping Risk and More

Billionaire venture capitalist Chamath Palihapitiya warns that a newly passed bill by Congress could deal long-term damage to America’s balance…

May 27, 2025

Banking Giant TD To Wind Down $3,000,000,000 Portfolio, Fire 2,000 Employees in Cost-Cutting Spree

Toronto Dominion Bank (TD) will be winding down a $3 billion investment portfolio while downsizing its headcount in a move…

May 26, 2025

Secretive Hedge Fund Run by Ex-JPMorgan Chase Trader Bringing In 51% Average Returns: Report

An ex-JPMorgan analyst has reportedly set up a mysterious hedge fund in Taiwan that has so far recorded massive return…

May 26, 2025

Morgan Stanley Warns Big Drop for US Dollar Incoming As Bank Updates Market Forecast

One of Morgan Stanley's top executives says that the US dollar is set for further declines, likely providing a boost…

May 26, 2025

Elon Musk Says Only ‘Radical’ Productivity Improvements Can Save America Amid $36,215,000,000,000 Debt

Billionaire Elon Musk believes that only a massive boost in productivity can save the United States from bankruptcy. In a…

May 26, 2025