Declining credit quality metrics in Commercial real estate lending pushed several banks to reduce their exposures to the sector by offloading loans related to the asset class, particularly office loans, in the second quarter. US banks’ commercial real estate loan portfolios showed signs of increasing stress During the second quarter, the net charge-off rate for…
Over the last four decades, China’s economy has maintained an average annual growth rate of around 10%. But now, China’s economy is struggling with a decline in trade and foreign investment, an unstable housing market, and deflation. The world’s second-largest economy is not growing, producing, or trading as much as usual.
In May 2023, transborder freight between the United States and its North American neighbors, Canada and Mexico, experienced a notable dip across various transportation modes. A comprehensive report released by the Department of Transportation highlights key insights, revealing how total transborder freight valued at $136.2 billion moved across borders through different transportation channels. The movement…
April witnessed a further nosedive in money supply growth, sinking even deeper into negative territory after experiencing its first negative turn in November 2022, marking a rare occurrence in the past twenty-eight years. The descent in April adds to the alarming downward trajectory, which follows the unprecedented highs witnessed over the past couple of years….
Julian Assange, known for his whistleblowing activities, is rapidly running out of legal avenues. There is a high likelihood that he could be extradited to the United States within the coming week, raising concerns about the future of investigative journalism. Last week, High Court Judge Jonathan Swift, who has previously worked with British government agencies…
According to the annual U.S. Community Bank Reports, both U.S. community banks and their larger counterparts are expected to experience a significant decline in earnings in 2023. The reports highlight that net interest margins will be impacted by liquidity pressures, leading to a double-digit drop in earnings for U.S. banks. In response to the liquidity…
Over the past two years, inflation has remained consistently elevated, surpassing the Federal Reserve’s annual target of 2%. This high inflationary trend has been pervasive, affecting various sectors of the economy. It can be attributed to a combination of supply and demand factors closely linked to the ongoing COVID-19 pandemic, as well as the fiscal and monetary policies implemented in response to mitigate its impact.
First Republic Bank has been acquired by JP Morgan, and it appears that the cost of the acquisition will ultimately be borne by the taxpayers.
The National Bureau of Economic Research (NBER) is known for its slow process of identifying business cycle changes, often lagging behind by months as they consider various data series and wait for revisions.
The United States, long considered the world’s most powerful nation and leader of the free world, is finding itself increasingly isolated on the global stage. The two new countries are going against the US dominance, Brazil and France.