Never seen before since the 2008 financial crisis, Americans should take note: this indicator predicts an ominous sign for the US economy
The Economic Times » Financial Crisis
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2d ago
There has been a massive uptick in cases of corporate bankruptcies, which is currently alarming news for the US economy, especially considering the fact that this has last been majorly seen during the 2008 financial crisis in the United States ..read more
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Free power, water, travel, and more: Delhi subsidy bill up 600% in 10 Years
The Economic Times » Financial Crisis
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2d ago
Delhi's subsidy bill has risen by over 600% in 10 years under the AAP government. Major expenses come from subsidies on free water, electricity, and bus travel for women. The spending has grown from ₹1,554.72 crore in 2014-15 to ₹10,995.34 crore in 2024-25. Additional subsidies are given in education, social welfare, and other sectors. The bill may increase further with new schemes ..read more
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This European economist says Russia could go bankrupt and run out of liquid reserves by fall of 2025; here's why
The Economic Times » Financial Crisis
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2d ago
Russia’s financial future is at risk, with experts predicting the country could run out of liquid reserves by the fall of 2025. The combination of dwindling reserves, reliance on unstable energy exports, and the impact of international sanctions is putting massive pressure on Russia's economy ..read more
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WazirX cyberattack: Delhi High Court seeks response from government and RBI
The Economic Times » Financial Crisis
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2d ago
The Delhi High Court seeks responses from the government, RBI, and others on a petition for an investigation into a cyberattack on WazirX, which lost $230 million in cryptocurrencies. Meanwhile, serious concerns have also been raised about BitBNS following user issues. Justice Datta questioned RBI's stance on crypto regulation, terming it 'unfortunate ..read more
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Ominous warning from Peter Schiff: Ace economist says, as yields soar in Japan, a financial tsunami will crash US markets
The Economic Times » Financial Crisis
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2d ago
Top market expert Peter Schiff is now warning investors about a possible stock market crash as the Japanese government bond (JGB) market is rapidly heating up. There could be serious implications for the global stock markets owing to these symptoms, as per reports ..read more
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Fund Manager Talk | Valuation sanity coming back, go against the tide: Alok Ranjan
The Economic Times » Financial Crisis
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2d ago
Alok Ranjan, Senior Fund Manager at ITI Mutual Fund, sees valuations normalizing and advises diversifying portfolios amid upcoming volatility. He emphasizes stock-picking opportunities in financials, IT, healthcare, and capital goods for medium to long-term gains ..read more
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Is Nissan heading for bankruptcy; will Honda buy the iconic Japanese auto maker? Here's what reports are saying
The Economic Times » Financial Crisis
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1M ago
Nissan, one of Japan's most iconic automobile makers, is financially struggling so badly that it's measured by months now, not years ..read more
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UPA caused banking crisis, Modi govt restored PSBs to health: Finance Minister Nirmala Sitharaman to Rahul Gandhi
The Economic Times » Financial Crisis
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1M ago
Finance Minister Nirmala Sitharaman countered Rahul Gandhi's accusations of government misuse of public sector banks. She attributed the bad loan crisis to the UPA's lending practices, highlighting the Modi government's efforts to revive banks through recapitalization and reforms, focusing on lending to small businesses and MSMEs ..read more
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CEA: Need to distinguish norms between financial & non-financial sectors
The Economic Times » Financial Crisis
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1M ago
Chief Economic Advisor V Anantha Nageswaran emphasized the need for distinct regulations for financial and non-financial sectors. He argued that excessive financial sector competition can create instability, citing the 2008 crisis. Nageswaran urged regulators to acknowledge their "unelected power" and balance regulation with innovation, especially in areas like crypto and online gaming, while considering social costs and benefits ..read more
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Janet Yellen warns incoming Trump team against interfering with bank supervision
The Economic Times » Financial Crisis
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1M ago
Outgoing Treasury Secretary Janet Yellen cautioned the incoming Trump administration against deregulation of banks. She emphasized the importance of current regulations for capital, liquidity, and risk management, citing the recent bank failures and the 2008 financial crisis as evidence of the need for strong oversight ..read more
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