May 3, 2023 United States: Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil The collapses that claimed four US lenders this year have stuck investors with more than $54 billion of losses, after First Republic Bank’s demise added to the pile of nearly worthless securities and sent some peers into a new
May 2, 2023 United States: Morgan Stanley Plans 3,000 More Job Cuts as Dealmaking Slumps Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking. Senior managers are discussing plans to eliminate about 3,000 jobs from the global workforce by the
May 1, 2023 United States: First Republic Becomes Second-Largest Ever US Bank Failure For just over one month, Silicon Valley Bank was the second-largest bank failure in US history. That was until First Republic Bank, a California lender that catered to wealthy clients, knocked it off that spot. First Republic was seized by the Federal
April 28, 2023 United States: Inflation Gauge Watched by Fed Shows Prices Still Rising While Consumer Spending Stalls Two key gauges showed persistent US inflation pressures in recent months, buttressing the case for another Federal Reserve interest-rate hike next week. The personal consumption expenditures price index excluding food and energy, the Fed’s preferred measure
April 27, 2023 Gas Price Movement - April 27, 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
April 27, 2023 United States: US Economic Growth Slows to 1.1% While Inflation Accelerates US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in inventories tempered a pickup in consumer spending. Gross domestic product rose at a 1.1% annualized rate on the back of
April 26, 2023 United States: Orders for US Business Equipment Decline by More Than Forecast Orders placed with US factories for business equipment fell in March by more than expected, suggesting higher borrowing costs and a cloudy economic outlook are restraining capital investment. The value of core capital goods orders, a proxy for investment
April 25, 2023 United States: US Stocks Fall After Mixed Earnings; Bonds Rise: Markets Wrap US equities declined along with European stocks as investors scrutinized a flood of earnings reports for clues on the outlook for corporate profits amid high interest rates and slowing economic growth. The S&P 500 and the Nasdaq 100 slipped,
April 24, 2023 United States: Bond Traders Wait for Calm to Shatter With Fed ‘Breaking Stuff’ Bond traders are taking little solace in the market’s recent calm for a simple reason: It’s not likely to last. Two-year US Treasury yields, some of the most sensitive to expected changes in interest-rates, held in a relatively
April 21, 2023 United States: US Inflation Seen Coming Down Much Faster Due to Tighter Credit After Bank Failures US inflation is now expected to come down faster than originally projected thanks to tighter credit conditions in the aftermath of several bank failures. Economists lowered their projections for the consumer price index as well
