The collapse in Treasury bonds now ranks among the worst market crashes in history

The collapse in Treasury bonds now ranks among the worst market crashes in history, per BI. The surge in bond-market sell-offs, propelling yields to notable highs, is now overshadowing some of the most severe market upheavals in past eras. As reported by Bloomberg, losses on Treasury bonds with maturities of

The Chinese real estate giant Country Garden effectively declared that it has defaulted on its debt, becoming one of the biggest casualties of China’s deepening property crisis

The Chinese real estate giant Country Garden effectively declared that it has defaulted on its debt, becoming one of the biggest casualties of China’s deepening property crisis. In a recurrence just over two months apart, Country Garden has cautioned investors about the potential default on its $190 billion debt,

The US has announced an additional $200 million in aid for Ukraine

The US has announced an additional $200 million in aid for Ukraine. The package disclosed on Wednesday encompasses air defense weaponry like the AIM-9 Sidewinder missile, munitions for High Mobility Artillery Rocket Systems (HIMARS), TOW anti-tank missiles, and 155mm and 105mm rounds, as stated by a U.S. official. It

The IRS has stated that from 2004 to 2013, Microsoft, $MSFT, underpaid its taxes by $28.9 billion

The IRS has stated that from 2004 to 2013, Microsoft, $MSFT, underpaid its taxes by $28.9 billion. Per CNBC: Microsoft plans to contest the notices through the IRS’ administrative appeal and is willing to go to judicial proceedings, if necessary. “Microsoft disagrees with these proposed adjustments and will pursue

George Santos was charged with conspiracy, wire fraud, false statements, falsification of records, aggravated identity theft and credit card fraud

US prosecutors have filed an array of criminal charges against embattled Representative George Santos, accusing him of accruing multiple charges on the credit cards of campaign donors. The Department of Justice has lodged 23 charges against the Republican, including wire fraud and identity theft. This legal action builds upon an

White-collar jobs are the most at risk in the looming recession

White-collar jobs are the most at risk in the looming recession, per Bloomberg. Bloomberg has also said: A US recession is still likely — and coming soon. Banks are bracing for a recession, per MarketWatch. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income

Canada has seen a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets

Canada has seen a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets, per Barrons. The average cost of a home in Canada is $754,700 CAD, per DollarWise. Meanwhile, Canada's housing starting constructions are not keeping pace

Median-priced single-family homes and condos are becoming unaffordable compared to historical averages in 99% of the counties in the US

Median-priced single-family homes and condos are becoming unaffordable compared to historical averages in 99% of the counties in the U.S, per ATTOM. A recent report from ATTOM reveals that homeownership expenses have become increasingly unaffordable in a staggering 79% of US counties. This financial strain comes as home prices

Stocks are in a bubble and could crash by over 50%

Stocks are in a bubble and could crash by over 50%, per Jeremy Grantham. Home prices in the US will fall 30%, per Jeremy Grantham. This was on a podcast, per BI. "Forty years of lower and lower interest rates push asset prices up, particularly housing through the mortgage

A second war could erupt in Europe between Serbia and Kosovo

A second war could erupt in Europe between Serbia and Kosovo, per CNBC. Meanwhile, tensions have heightened in another part of Europe, which remains exceptionally volatile after a brutal and intricate conflict in the 1990s. Analysts express apprehension over the escalating hostilities between Serbia and Kosovo, historically strained, with recent

There's approximately $250 billion worth of mortgages in Canada that are currently amortized for 35 years or longer

There's approximately $250 billion worth of mortgages in Canada that are currently amortized for 35 years or longer, per CBC. That's 12% of all mortgages. Three prominent Canadian banks have disclosed that approximately 20% of their residential mortgage borrowers, representing nearly $130 billion in loans, are

A prospective buyer in Manhattan would have to make $407,125 a year to afford a typical home

A prospective buyer in Manhattan would have to make $407,125 a year to afford a typical home, per ATTOM. A buyer on a $3,000 monthly budget can afford a $419,000 home with a 7.7% mortgage rate. They lost $38,000 in purchasing power since last October.

Caroline Ellison has said SBF directed her to commit crimes

Caroline Ellison has said SBF directed her to commit crimes. Caroline Ellison, the former CEO of Alameda Research, took the stand as the fifth prosecution witness in Sam Bankman-Fried's six-week trial. She asserted that the ex-FTX CEO instructed her to engage in fraud and money laundering activities. During

Bipartisan bill to appropriate $2 billion for Israel introduced, including to restock Israel’s iron dome.

On Tuesday, President Joe Biden confirmed that Americans are indeed among the hostages held by Hamas following its weekend rampage. In a passionate and indignant condemnation of the terror, he expressed his anticipation of a robust retaliation by Israel. During his address, the president vividly depicted the atrocities committed by

Biden says Israel has right and duty to respond to attacks

On Tuesday, President Joe Biden confirmed that Americans are indeed among the hostages held by Hamas following its weekend rampage. In a passionate and indignant condemnation of the terror, he expressed his anticipation of a robust retaliation by Israel. During his address, the president vividly depicted the atrocities committed by

The White House is considering a move to attach Ukraine funding to a request for urgent aid to Israel

The White House is considering a move to attach Ukraine funding to a request for urgent aid to Israel, per WaPo. The White House is contemplating the inclusion of Ukraine funding in an urgent aid request for Israel, aiming to enhance the likelihood of Congress approving aid to Kyiv despite

Bloomberg has said: A US recession is still likely, and coming soon

Bloomberg has said: A US recession is still likely — and coming soon. Banks are bracing for a recession, per MarketWatch. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income Strategist at Schwab Center for Financial Research. While bank stocks are poised for annual

50% of young adults are living with their parents, an all time high per Morgan Stanley

50% of young adults are living with their parents, an all time high per Morgan Stanley. Recent data from the US Census Bureau shows that nearly half of young Americans between the ages of 18 and 29 are living with their parents today. That's a historical high not

BlackRock CEO Larry Fink has said: "“The biggest issue for me—and I say this to every governmental leader I see worldwide—what the world is missing today is hope"

BlackRock CEO Larry Fink has said: "“The biggest issue for me—and I say this to every governmental leader I see worldwide—what the world is missing today is hope. I see more fear than any time in my business career." “[BlackRock] is the largest retirement manager in

Banks are bracing for a recession

Banks are bracing for a recession, per MarketWatch. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income Strategist at Schwab Center for Financial Research. While bank stocks are poised for annual losses due to a pronounced increase in interest rates, the banking industry&

Americans are still spending like there’s no tomorrow

Americans are still spending like there’s no tomorrow, per WSJ. Meanwhile, Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, per Bloomberg. For the bottom 80% of households by income,

A severe crash in prices is coming for US office properties

A severe crash in prices is coming for US office properties, per Bloomberg. The United States is on the verge of an impending crash in office prices, and the commercial real estate market is expected to undergo at least another nine months of decline, as indicated by Bloomberg's

Yellen: US likely to take steps to enforce $60/barrel oil

* “We are looking at enforcement very carefully and we want to make sure that market participants are aware we take this price cap seriously, and, to the extent Western services are used, we mean business about abiding by the cap,” * Yellen didn’t describe any specific enforcement actions. The price

A senior Hamas official said the group is open to discussions over a possible truce with Israel

A senior Hamas official said the group is open to discussions over a possible truce with Israel, per Reuters. Moussa Abu Marzouk told Al Jazeera in a phone interview that Hamas was open to "something of that sort" and "all political dialogues" when asked whether the

"We cannot let British cities go the way of San Francisco or Seattle" UK Home Secretary Suella Braverman has said this week

"We cannot let British cities go the way of San Francisco or Seattle"  UK Home Secretary Suella Braverman has said this week. ech workers are paying up to $700 a month for tiny bed 'pods' in San Francisco, per BI. While tech workers have embraced the