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Bankruptcy

Dow Jones Futures: First Republic Bank Crashes 20% On ‘Unprecedented’ Deposit Flight

April 25, 2023 Mariel Alumit

Dow Jones futures were little changed ahead of Tuesday’s open, with a busy week of earnings results ahead that includes tech titans Google-parent Alphabet (GOOGL), Amazon (AMZN), Facebook-owner Meta Platforms (META) and Microsoft (MSFT). Late […]

Price
Financial Crisis

Regional Banks: First Republic Deposits Plunge By $72 Billion In Q1

April 24, 2023 Mariel Alumit

First Republic Bank (FRC) stock tumbled after hours Monday following its late results, erasing its 12% surge leading up to earnings. That follows mixed reports last week by Salt Lake City-based Zions Bancorp, Phoenix-based Western […]

US
Investments

US Inflation Reduction Act ‘to spur $3 trillion investment in renewable energy tech’

April 24, 2023 Mariel Alumit

The US Inflation Reduction Act (IRA) will spur about $3 trillion of investment in renewable energy technology, according to Goldman Sachs. It could double the amount of energy produced by the US shale revolution more than a […]

Bankruptcy

US Debt: Visualizing The $31.4 Trillion Owed In 2023

April 22, 2023 Mariel Alumit

Can you picture what $31.4 trillion looks like? The enormity of U.S. government debt is hard for the average person to wrap their head around. For instance, compared to the median U.S. mortgage, the current […]

Finance

“Fairly Severe” Corporate Credit Crunch Is “Harbinger Of More Stress To Come”

April 22, 2023 Mariel Alumit

It has been over a month since signs of banking stress first appeared in regional banks, and we quickly identified the beginning of a credit crunch. Days after the collapse of Silicon Valley Bank, we […]

Climate Change
Climate Crisis

New Survey Asks Americans How They Really Feel About Climate Change

April 21, 2023 Mariel Alumit

Headlines about climate change have filled newsfeeds over the last few years, ranging from catastrophic (natural disasters, endangered species, dire predictions for the future) to a bit more optimistic (electrification, the transition to renewable energy, climate tech […]

Price
Electric Vehicles

Dow Jones Futures Fall: Tesla Hikes Model S, X Prices; Cathie Wood Lifts TSLA PT To $2,000

April 21, 2023 Mariel Alumit

Dow Jones futures fell modestly Friday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally retreated Thursday amid earnings reports and weak economic data, though the major indexes held key levels […]

US
International News

US Equity Futures Slide As Global Risk Sentiment Turns Sour

April 20, 2023 Mariel Alumit

US equity futures suffered their biggest overnight drop this week as a premarket slide in Tesla shares added to uncertainties surrounding the future of US monetary policy as well as the overall quality of the […]

Price
Investments

D.R. Horton Earnings Add To Signs Of Housing Market Recovery; DHI Stock Jumps

April 20, 2023 Mariel Alumit

D.R. Horton (DHI) easily beat earnings and revenue estimates for the second quarter early Thursday, while giving upbeat revenue guidance for the full year. DHI stock popped in premarket trading, poised to jump out of […]

dollar
Finance

Janet Yellen says sanctions may risk hegemony of US dollar

April 19, 2023 Mariel Alumit

WASHINGTON – Economic sanctions imposed on Russia and other countries by the United States put the dollar’s dominance at risk as targeted nations seek out an alternative, Treasury Secretary Janet Yellen said on Sunday. “There […]

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