New Study: Half Of US Banks, Over 2,000, Are Insolvent
Nearly half of the 4,800 banks in the United States have burned through their capital buffers, and are now nearly insolvent, according to a new report in the Telegraph, which…
IEA Warns Natural Gas Supplies To Remain Tight In 2023
A new International Energy Agency (IEA) report out Thursday says that amid a wide range of uncertainties, the global supply of natural gas this year is likely to remain tight,…
Gold Reaching All-Time Highs On Fears Over Banks, And Recessions.
As investors grow increasingly concerned about the deepening US financial crisis and the possibility of a global recession in the near future, the price of gold has been cruising to…
IBM To Cut 8,000 Positions, Replacing Them With Artificial Intelligence
Arvind Krishna, the CEO of IBM, has announced that not only will his company put a hiring pause into effect, but that it also intends to replace nearly 8,000 positions…
Gallup Polling Finds 50% Worry About The Safety Of Their Bank Deposits
A new Gallup poll published Thursday shows that almost half (48%) of American citizens worry about the safety of their bank deposits. Coming a month after the collapse of tech-startup…
El Salvador Eliminates Taxes On Technology Development
On Thursday, the President of El Salvador announced that the nation had enacted a law which would eliminate taxes on innovative technologies, such as software creation, coding, and the development…
German Consumption Continues To Decline
On Tuesday, a new report from the German statistics agency Destatis revealed that in March Germany’s retail sales dropped, contrary to market expectations. Price-adjusted retail turnover was down by 2.4%…
Regulators Investigating “Market Manipulation” In Banking Stocks
US government officials are investigating whether “market manipulation” may have been behind the recent volatility in US banking stock prices, according to a new Reuters report on the matter. Following…
Analyst: The Banking Crisis Will Hit Oil Hard
Despite Friday’s rebound, this week was brutal for oil prices. Slides earlier in the week led to a third straight week of losses for crude. The S&P 500 Energy Select…
Google To Replace “Ten Blue Links” With A Conversation With An AI
In a bid to make its search engine more “visual, snackable, personal, and human,” and focus it more toward a younger demographic, Google has announced it will be reconfiguring its…
