PODCAST: EY: Breaking up is hard to do
EY has scrapped plans to break up its audit and consulting businesses, the IMF has warned the global economy could be in for a “hard...
Author : Nelli Avetisyan
How the state could take control of the banking system – The Economist
America’s banking conflagration may have died down, but the clean-up continues. Small and midsized banks have lost about $260bn in deposits this year. The Federal...
Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession – WSJ
Stubbornly high inflation and tight labor markets led Federal Reserve officials to signal they could raise interest rates at their next meeting despite a greater...
UK economy saw no growth in February – BBC News
The UK economy saw no growth in February after expanding in January, official figures show. Falls in public sector services linked to strikes were offset...
How to avoid the next crisis? Banks may have to hold more cash – CNN
Regulators must learn “important lessons” from this year’s banking turmoil, the world’s top financial watchdog has said. Requiring banks to hold more cash to pay...
ChatGPT may be able to predict stock movements, finance professor shows – CNBC
Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices. He used ChatGPT...
The banking crisis will tilt US into recession, say Fed economists – CNN
The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this year, according to notes from...
A Perilous Macroeconomic Moment
While inflation in major economies has probably peaked, central banks will have to maintain tight monetary conditions. Even if the fallout from the recent turmoil...
IMF warns of ‘hard landing’ for global economy if inflation persists – The Financial Times
The IMF has warned of a “hard landing” for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial...
UK to be one of worst performing economies this year, predicts IMF – BBC News
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF)....