Concerns are mounting about the possibility of a recession or an even more severe financial crash as stock markets continue to decline. Japan’s Nikkei 225 Index plummeted by an astonishing…
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On Tuesday, Bank of America CEO Brian Moynihan predicted that the United States economy will enter a mild recession later this year, mostly due to the resilience of the consumer…
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According to a report that bank strategist Jill Carey Hall published on Tuesday, Bank of America customers dumped around $2.3 billion worth of U.S. stocks during the last week. Data…
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Money
California Regulators Close Silicon Valley Bank – CEO Allegedly Sold $3.5 Million in Stock in Last Two Weeks
The California Department of Financial Protection and Innovation shuttered SVB and named the Federal Deposit Insurance Corp. (FDIC) as its receiver, officials said in a release. The California regulator cited…
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Breaking Digest previously reported that a wave of layoffs is sweeping the United States, due to slow business growth and rising labor costs. Unfortunately, as 40-year high inflation persists, many…
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Money
CEO of Restoration Hardware Mocks Biden’s Lies About Recession As US Household Income Dropped $6.1 TRILLION in 2nd Quarter
The CEO of Restoration Hardware, Gary Friedman, said we are in a recession during an investor call on Thursday, calling anyone who thinks this is not a recession “crazy.” ‘I…
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