The troubled Vice Media Group filed for Chapter 11 bankruptcy protection on Monday, after years of financial and managerial difficulties. In a filing with the Southern District of New York (pdf), the Brooklyn-based media company said it has agreed to sell its assets to a consortium of investors that had previously lent it money. The […]
The cost of insuring exposure to United States sovereign debt rose on Wednesday to its highest level since 2011 after Treasury Secretary Janet Yellen warned that failure to lift the federal borrowing cap would trigger an economic catastrophe, suggesting investors are growing more nervous about the debt ceiling deadlock in Washington. Spreads on U.S. five-year […]
Tensions between China and Taiwan have moved into the spotlight, now showing up on financial risk radars. Analysts say money managers are zeroing in on the threat of a Chinese invasion of Taiwan and factoring it into their investment decisions, while fund managers say they’re fielding client questions about the odds of a war. Here’s […]
Stocks worldwide tumbled Friday as fears of a global recession swept over investors. With the Federal Reserve hiking interest rates by three-quarters of a point this week, some analysts worry that a recession is already here, and more damage is expected. The Federal Reserve projects unemployment is expected to rise. The rate was at 3.7 percent in August and […]
Friday’s market drop put the S&P 500 at about 3,700 points. Late Thursday, Goldman Sachs said the S&P 500 could drop to 3,600 points by the end of this year, a 16 percent cut from its previous target. The Federal Reserve just announced another big rate hike this week, and there could be more to come. One […]
Investors have slashed their stock allocation to the lowest level since the collapse of Lehman Brothers during the financial crisis of 2008–09, a new poll found. According to Bank of America’s latest monthly survey of global fund managers, investors’ expectations of international growth and corporate profits cratered to levels not seen since the economic collapse […]
